Waterbury Down South and North are located in the popular Waters Landing Subdivision - Which is also part of the Churchill Town Sector north of Father Hurley Boulevard. These were originally built by Ryland Homes between 1983-1986, the largest model the "Patuxent" boasts 1600 square feet and usually has 3 bedrooms and 2 and one half bathrooms. Their only drawback is that they are back to back townhomes, in other words do not have a basement, however this is one of the most affordable sections of the County. The Home Owner's Association has an on site manager and in my humble opinion is one of the better run Associations in the County, they have been able to keep their dues lower than most HOAs and still provide some of the best amenities around. There are two swimming pools, a dozen or so tennis courts, loads of play areas and walking paths to Lake Churchill and Black Hill Regional Park.
The children will go to either Waters Landing Elementary School (Whitechurch Circle) or Lake Seneca Elementary School (Demetrias Way and Larentia Drive), Middle Schoolers go to Dr. Martin Luther King Jr. Middle School and High Schoolers go to Seneca Valley High School.
Both Waterbury North and South are on the local bus route making commuting to the MARC or Metro extremely easy.
Highest Sale 2008
19803 Larentia Drive - 3 Level - $265,000 - Sold in March 2008
Home was in above average condition and scored an 8, it was listed above the market at the time and scored a 6. Total score for the buyer was 22 and for the seller it was 28. The higher the number for the buyer the better, the lower the number for the seller the better.
Lowest Sale 2008
13353 Demetrias Way - 3 Level - $162,750 - Sold in November 2008
Home was in below average condition and scored a 5, it was listed below market and scored a 9. Total score for the buyer was 27 and for the seller it was 33. The higher the number for the buyer the better, the lower the number for the seller the better.
Total Number of Successful Sales for 2008 - 15
Total Number of Failed Sales for 2008 - 19
All 19 of these properties were represented by agents outside of Germantown, 12 of them weren't even from Montgomery County.
Best Buyer Deal in 2008
13353 Demetrias Way - Bank owned property started on the market 28 March 2008 at $250,000; dropped their price 24 April to $237,500; dropped again 4th June to $225,900; 4th August to $195,000 and finally contracted 10 October and settled in November 2008 for $162,750.
Worst Buyer Deal in 2008
13433 Demetrias Way - Short sale (Pre-foreclosure), Priced at market in February 2008 $260,000; sold in May 2008 for $255,000. The property was in need of appliances, new carpet and paint. No clue why a buyer would have bought this one when the above property was on the market at the same time....mmmmm? Buyer scored a 19
Best Seller Deal in 2008
Goes without saying if the buyer didn't do well then the seller must have....the winner is 13433 Demetrias Way - Seller scored a 25
Worst Seller Deal in 2008
Winner is 13353 Demetrias Way - Seller scored a 33 - Could they have improved their position, absolutely - If they had replaced the appliances, carpet, windows, and painted (Total cost $20,000) they could have sold it in May for you guessed it $255,000 as opposed to $162,750 in November. What a concept!
Forecast for 2009
The market value for these homes should stabilize this year, they are now under market even for the current economic conditions. There should be at least 12 to 15 sales on these streets with the Sold Prices for the foreclosures being no lower than $145,000 and the improved regular sales capping out at $175,000. A steady depreciation of 1.2 to 1.4% on a monthly basis can be expected. Should Germantown's inventory numbers decrease to between 270 and 320 total properties available one can anticipate we will have reached the last of the monthly depreciation. Current Germantown inventory numbers are 458 total homes available a decrease of over 30% since November 2008.I hope you found this information useful, please feel free to contact me directly if you would like to make sure you get the best deal in town for both buying and/or selling.
Lawrence Evans
Team Limejuicer - Re/Max Town Center - Germantown
http://www.limejuicer.com/ or my cell phone (301) 922-2156
The Limejuicer Rating System is copyright protected 2009
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