Rockshire Townhomes for Sale

Below is a list of Rockshire townhomes for sale, as currently published in the local MLS.

To explore this neighborhood in even more detail, consider learning everything there is to know about living at Rockshire .

Rockshire Townhome Market Report – Q2 2019

Overview

The Spring market started off strong in March and continued to show solid sales prices, although activity did not mirror the feverish pace of last year.

Still, more first-time homebuyers in the market (and a lack of inventory in the most desirable school districts) continue to push sales prices higher.

On the Wootton HS side of the neighborhood, even 2 bedroom units have far eclipsed the 450K range at this point.

Interest rates remain incredibly low and have not risen at the faster pace being forecasted at the end of last year.

It also remains extremely difficult to find a rental in the neighborhood; only two townhouses went under lease this past quarter, making a grand total of three so far for the year.

Sales

The following Rockshire townhomes were SOLD between April 1st, 2019 and June 30th, 2019….

 

Address BR/FB/HB Close Date Sales Price *Net Price **CDOM
6 Marwood Court 3/1/2 4/8/19 $438,000 $438,000 244
913 Paulsboro Drive 3/1/2 4/18/19 $485,000 $480,000 165
30 Marwood Court 3/2/1 5/13/19 $463,000 $462,000 34
4 Kirkfield Court 2/2/1 5/31/19 $475,000 $463,000 29
957 Paulsboro Drive 3/2/1 6/26/19 $495,000 $495,000 5

 

*Net Price is equal to the total sales price AFTER any seller subsidies have been subtracted. Common reasons for seller subsidies include assistance with closing costs and/or credits for repair requests.

**CDOM stands for “contract days on marketplace” and is the time the property first hit the market until the status of the contract was changed to “pending” (typically done when all contingencies have been satisfied.

Rockshire Townhome Market Report – Q1 2019

Overview

The winter season restored good news to the Rockshire townhome market as interest rates sunk back down and demand continued to far exceed supply.

Despite going under contract in December and closing in January, the most desirable properties maintained their selling point of well over 500K.

With more baby boomers continuing to downsize and first-time buyers emboldened by continually low interest rates, demand for Rockshire townhouses appears to have never been higher.

Amazingly, as of April 9th – the writing of this report – not a single active Rockshire townhome listing is on the market.

The Rockshire townhome rental market was again minimal in Q1, as only one townhome went under lease.

See below for extended statistics.

(*Note:  With the opening of our own brokerage – The Rockville Real Estate Exchange — the Detweiler Group at RE/MAX Town Center is no more. We are still the same people producing this content, however.)

Sales

The following Rockshire townhomes were SOLD between January 1st, 2019 and March 31st, 2019….

 

Address BR/FB/HB Close Date Sales Price *Net Price **DOM
541 Monet Drive 3/2/1 1/15/19 $526,900 $513,650 75
19 Chantilly Court 3/2/1 1/30/19 $455,000 $441,350 50

 

*Net Price is equal to the total sales price AFTER any seller subsidies have been subtracted. Common reasons for seller subsidies include assistance with closing costs and/or credits for repair requests.

**DOM stands for “days on marketplace” and is the time the property first hit the market until there was a ratified contract.

Rockshire Townhome Market Report – Q4 2018

Overview

The fall season brought an increase of inventory in the Rockshire townhome market.

While the scene remained healthy overall, things cooled off considerably due to the increase of homes available, as well as interest rates climbing to over 5% (they’ve since receded).

The Spring should prove interesting to watch, as most reports suggest an overall softening of the market, allowing many buyers to finally become homeowners.

Of course, real estate has always been and will remain extremely localized.

The Rockshire townhome rental market was again minimal in Q4, as only one townhome went under lease.

See below for extended statistics.

Sales

The following Rockshire townhomes were SOLD between October 1st, 2018 and December 31st, 2018….

 

Address BR/FB/HB Close Date Sales Price *Net Price **DOMP
7 Ingleside Court 3/2/1 10/1/18 $450,000 $450,000 12
2203 Newton Drive 3/2/2 10/18/18 $485,000 $475,000 49
30 Richfield Court 3/2/1 12/18/18 $504,000 $504,000 10
548 Monet Drive 4/2/1 12/14/18 $485,900 $485,900 66

 

*Net Price is equal to the total sales price AFTER any seller subsidies have been subtracted. Common reasons for seller subsidies include assistance with closing costs and/or credits for repair requests.

**DOMP stands for “days on marketplace” and is the time the property first hit the market until there was a ratified contract.

Rockshire Townhome Market Report – Q3 2018

Overview

As per usual, the Rockshire market cooled off considerably with the arrival of summer.

Only two properties closed in Q3, with sales prices far below what were being obtained in an insanely hot Spring market.

As Q4 approached, interest rates continued to rise and the market began to soften (Note: “soften” does not equal “worsen” or “crash”) and inventory levels looked as though they are finally starting to rise.

At the time of this writing, five townhomes are on the active market, with only one under contract.

All of the aforementioned listings have been on the market for at least 31 days.

The Rockshire townhome rental market was not existent in Q3, as no units went under lease with new tenants.

See below for extended statistics.

Sales

The following Rockshire townhomes were SOLD between July 1st, 2018 and September 30th, 2018….

 

Address BR/FB/HB Close Date List Price Sales Price *Net Price **DOMP
10 Ingleside Ct. 3/2/1 8/24/18 $459,900 $459,900 $454,900 49
232 Pender Pl. 3/2/1 8/17/18 $460,000 $445,000 $445,000 16

 

*Net Price is equal to the total sales price AFTER any seller subsidies have been subtracted. Common reasons for seller subsidies include assistance with closing costs and/or credits for repair requests.

**DOMP stands for “days on marketplace” and is the time the property first hit the market until there was a ratified contract.

Rockshire Townhome Market Report – Q2 2018

Overview

Spurred on by a strong economy, rising interest rates (forcing buyers off the fence), millennials entering the market, and a major inventory shortage in the first-time homebuyer price range (even more so in top school districts), Rockshire Townhome prices soared in Q2 of 2018.

Five properties sold for over 500K – some well over – despite being interior units or located on the 270 side of the neighborhood (factors previously dictating much lower sales prices).

Seven out of eight properties went under contract within eight days of being placed on market.

The rental market proved to be just as strong, with three out of the four rentals going off the market in 11 days or less and renting at asking price or above.

See below for extended statistics.

Sales

The following Rockshire townhomes were SOLD between April 1st, 2018 and June 30th, 2018….

 

Address BR/FB/HB Close Date List Price Sales Price *Net Price **DOMP
506 Monet Dr. 3/3/1 4/17/18 $529,900 $524,000 $524,000 8
911 Paulsboro Dr. 3/2/2 5/3/18 $500,000 $507,000 $505,500 6
238 Watts Branch Pkwy. 4/2/2 5/11/18 $449,000 $440,000 $440,000 6
220 Pender Pl. 3/1/2 5/25/18 $469,000 $462,000 $459,000 35
714 Gormley Dr. 4/3/1 6/22/18 $530,000 $540,000 $540,000 6
34 Chantilly Ct. 4/2/2 6/27/18 $500,000 $506,000 $506,000 7
935 Paulsboro Dr. 3/2/2 6/28/18 $514,500 $514,500 $514,500 7

 

*Net Price is equal to the total sales price AFTER any seller subsidies have been subtracted. Common reasons for seller subsidies include assistance with closing costs and/or credits for repair requests.

**DOMP stands for “days on marketplace” and is the time the property first hit the market until there was a ratified contract.