The housing market in Montgomery County and Washington, D.C. is showing signs of slowing, with fewer sales and a growing supply of homes available to buyers, according to August data from the Greater Capital Area Association of REALTORS (GCAAR).
Real Estate
A former Sandy Spring Bank administrative building on Georgia Ave could become a permanent home for several Olney civic organizations and the community’s police satellite station.
The newly constructed building housing The Learning Experience at 9963 Stedwick Road in Montgomery Village has sold for $8.25 million, according to Maryland Newsletters. The daycare is expected to continue operating with no changes.
Peterson Companies has acquired a five-story office building at Rio in Gaithersburg for $11,075,000, according to Hyatt Commercial.
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Ted’s Bulletin is preparing to open at 7715 Woodmont Ave. in Bethesda, taking over the property that was the longtime home of Woodmont Grill.
Montgomery County homes are taking longer to sell as increased inventory and softer demand continue to shift the local housing market, according to the latest report from the Greater Capital Area Association of REALTORS (GCAAR).
Baltimore ranks as the second-worst real estate market in the country, according to a new report from personal-finance company WalletHub. Washington D.C. didn’t fare much better, coming in ranked 271st overall.
The Bethesda building that was home to Mayflower restaurant for more than two decades has been sold for $1.125 million, according to Maryland Newsletters.
A two-building industrial complex along Wilkins Avenue in Rockville has been sold for $12.3 million, according to Maryland Newsletters.
The historic former Silver Spring Post Office building at 8412 Georgia Avenue in Downtown Silver Spring has been sold for nearly $3 million.
The housing market in Montgomery County remained steady in June, with home prices continuing to climb even as the pace of sales stayed close to historical averages, according to new data from the Greater Capital Area Association of REALTORS® (GCAAR).