Press Release

Coakley Realty Sweeps Sales of Premier Lots in Potomac

The local specialist’s continued success listing and selling premier, build-able lots available in Potomac

 ROCKVILLE, MD — July 21, 2016 – Since 1989, Rory S. Coakley Realty, Inc. (Coakley Realty), maintains position as the premier full-service residential and commercial real estate company in the Washington D.C. metropolitan area.

In the prestigious neighborhood of Potomac, MD where available land is increasingly scarce, Coakley Realty accounted for five of the 13 vacant lots sold in the last two years, including 4 in the past year alone, according to data from the Metropolitan Regional Information Systems (MRIS). This success is particularly significant when considering that MRIS only currently includes 23 lots in Potomac as actively for sale.

These statistics show that Coakley Realty remains the leading and trusted community property experts by effectively listing and selling over 30 percent of the total properties in Potomac, MD. Progressing with current trends, Coakley Realty projects to sell seven or more of the current 23 active status vacant lots in Potomac, MD over the next several months. Builders typically purchase these vacant lots in order to build and sell to new home buyers, and they also can be bought by individual buyers to build on their own.

Ranging in price from $537,500 to $1.6 million, empty lots in Potomac, MD are either adjacent to reputable housing developments, part of neighborhoods without a HOA (Home Owners Association), speculated by local builders and sold to buyers, or sold directly to buyers who prefer participating in the building and design process themselves.

Recent lot sales by the Coakley Realty team include:

• 12516 Rolling Road, 2.02 acres, $480,000 in 2014;
• 10812 Red Barn Lane, 4.06 acres, $1.66M in 2015;
• 10814 Red Barn Lane, 4.06 acres, $1.66M in 2015;
• 11343 Albermyrtle Road, 1.92 acres, $700,000 in 2016; and
• 11345 Albermyrtle Road, 1.92 acres, $700,000 in 2016.

“We are thrilled with the continued success we have achieved in selling premier property lots throughout the highly sought-after Potomac area,” said President of Coakley Realty, Rory S. Coakley. “As the metropolitan DC market is becoming increasingly saturated and built to capacity, we look forward to continuing to leverage our expertise in the future.”

For additional information, contact Coakley Realty at 301-340-8700, or visit the Coakley Realty website at www.coakleyrealty.com.

About Coakley Realty

Founded in 1989, Coakley Realty is a premier full-service residential and commercial real estate company in the Washington D.C. metropolitan area specializing in residential and commercial real estate sales and leasing, property management, tax appeals, appraisals, and litigation support. Coakley Realty’s experienced and knowledgeable real estate consultants offer home buyers, home sellers, and business owners the best in real estate services, and higher levels of expertise in analysis and negotiating skills. For more information, please visit www.coakleyrealty.com or follow us on Twitter @coakleyrealty or www.twitter.com/coakleyrealty and on Facebook at www.facebook.com/coakleyrealty.