Potomac

Potomac River

Potomac exudes wide-open space, pristine countryside, and a proud heritage of distinguished country charm. It is one of the most beautiful areas of Montgomery County. From its old farm days as Offutt’s Crossroad to its current spot as among the most coveted of communities, Potomac’s core values have not altered much. People who desire to live in Potomac want to see its rolling acres of green pastures, its black-fenced horse farms, its stately-manicured estates and the easygoing, friendly nature of its residents. Bordered by the Potomac River, Great Falls and the C&O Canal to the expansive horse country, Potomac is protected by its residents’ respect for nature and the environment. It is well represented by the Montgomery Countryside Alliance, the West Montgomery County Citizens Association and other groups that guard its reputation for limited growth.

Potomac is also well regarded for its ability to serve the needs of the community at large. A recent example is the newly-opened Potomac Adaptive Sports Court, part of Montgomery County’s Recreation department. Thanks to the leadership of the Friends of Potomac Recreation Center, this former roller hockey rink is now operating as a sports facility for individuals with disabilities. It is available for permits to organizations such as KEEN, Wounded Warriors and Special Olympics and will become an exciting new resource for sports in Montgomery County.

There is also a great balance of retail and community in Potomac. Fine dining has a particularly deep history: Normandie Farm (of course my favorite!) dates to 1931, Old Anglers Inn to 1860 and Hunters Bar & Grill to 1978. But Potomac Village is also sprinkled with excellent gift shops, coffee shops and longstanding merchants who put neighborhood first in their service to its residents. And from Potomac Day to the Potomac Hunt, you will find plenty of opportunity to become ingrained in this outstanding and unique community. STEVELONGLEY.REALTOR@GMAIL.COM, 301-351-9514.

Real Estate Notes
Home buyers interested in Potomac can count on a competitive market. Inventory in Potomac is traditionally low, and although the 20854 zip code includes a wide variety of homes and home values, it continues to be a highly desirable place to live.

A Few Stats
According to the MRIS (Metropolitan Regional Information Systems), a data service for realtors of which the Faulkner Team is a member, the latest tracking shows the 20854 zip code with a May 2016 median sold price of $850,000, a year-over- year increase of 8.3%. There were 76 closed transactions which is a significant increase over last year of 28.8%. Median price per square foot remains constant at $324. Median “Days on Market” is 20, a slight increase of 5% over last year.

Specifically in Potomac Village, the media sold price in May was $1,055,000 a decrease of 7.5% over this time last year. There was a dramatic decrease in median “Days on Market” for the Village of 43% coming in at 50 DOM.

Bottom Line
When you are ready to look at Potomac, you will need to hone in on the neighborhoods that fit your financial profile and your family’s goals for quality of life, since the style of properties in Potomac is so diverse. With a median DOM of 20, and properties in 20854 in such demand, your search can drop you in a competitive bidding very quickly. And certainly if you are interested in buying, or in preparing your home for list, the experience of the Faulkner Team is available to you. Check out our testimonials: www.faulknerteam.com.

Diane Faulkner, DIANE@FAULKNERTEAM.COM, 301-318-0334
Lynn Longley, LYNN@FAULKNERTEAM.COM, 301-466-6519
Steve Longley, STEVE@FAULKNERTEAM.COM, 301-351-9514