City of Frederick 21702 Real Estate Statistics August 2014

City of Frederick 21702 Real Estate Statistics August 2014

provided by The Highland Group. City of Frederick real estate Statistics August 2014 have been published by MRIS*.

Here are the highlights for the 21702 zip codes in the City of Frederick:

  • Average Sale Price:  $280,000 compared to $251,800 last year, +11%
  • Average Single-family home: $335,500, Avg. detached home: $160,400
  • Median Sale Price:  $200,000 compared to $249,000 last year, -20%
  • 41 Homes sold compared to 49 last year, -16%.
  • Average days on market is the same, 50 days compared to 38 last year
  • Sellers got 97% of list price compared to 92% last year

There are 193 active listings in the 21702 zip code, compared to 138 last year. The inventory is increasing to a normal market. We are currently looking at a 3-4 month absorption rate. 48 homes went under contract in August.

We suspect a “vacation mode” was the reality of June, so there were fewer transactions in July. Next month we’ll see the increase, with 48 new contracts in August, and a total of 95 homes under contract.

22% of homes sold in July were cash transactions. This shows a lot of investors and flippers in the market. When prices are on the uptick, we see more flips.

Real estate statistics are just a snapshot of year-over-year numbers, and don’t tell the full story. Contact Us for the full story.

A visual:

21702 real estate

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

Contact Chris Highland to see homes for sale in the City of Frederick

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21703 Real Estate Statistics August 2014

City of Frederick 21703 Real Estate Statistics August 2014

provided by The Highland Group. City of Frederick real estate Statistics August 2014 have been published by MRIS*.

Here are the highlights for the 21703 zip codes in the City of Frederick:

  • Average Sale Price:  $247,300 compared to $235,800 last year, +5%
  • Average Single-family home: $306,800, Avg. attached home: $213,400
  • Median Sale Price:  $235,000 compared to $218,600 last year, +7%
  • 55 Homes sold compared to 44 last year, +25%.
  • Average days on market was the up 36%, 43 days compared to 37 last year
  • Sellers got 96% of list price compared to 98% last year

There are 146 active listings in the 21703 zip code, compared to 81 last year. The inventory is increasing, a normal market. We are currently looking at a  4 month absorption rate. 61 homes went under contract in August, with a total of 98 under contract waiting to close.

22% of homes sold in August were cash transactions. This is the normal 7-9%.

Real estate statistics are just a snapshot of year-over-year numbers, and don’t tell the full story. Contact Us for the full story.

A visual:

21703 real estate

 

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

Contact Chris Highland to see homes for sale in the Historic District

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21701 Real Estate Statistics August 2014

City of Frederick 21701 Real Estate Statistics August 2014

provided by The Highland Group. City of Frederick real estate Statistics August 2014 have been published by MRIS*.

Here are the highlights for the 21701 zip codes in the City of Frederick:

  • Average Sale Price:  $272,800 compared to $286,000 last year, -5%
  • Average Single-family home: $308,100, Avg. detached home: $239,700
  • Median Sale Price:  $245,750 compared to $270,000 last year, -9%
  • 64 Homes sold compared to 55 last year, +16%.
  • Average days on market almost doubled, 83 days compared to 46 last year
  • Sellers got 96% of list price compared to 98% last year

There are 234 active listings in the 21701 zip code, compared to 161 last year. The inventory is increasing, to a normal market. We are currently looking at a 4 month absorption rate. 65 homes went under contract in July, with 109 total homes currently under contract.

11% of homes sold in June were cash transactions. This is coming closer the normal 7-9%, and evidence of investors and flippers in the market.

Real estate statistics are just a snapshot of year-over-year numbers, and don’t tell the full story. Contact Us for the full story.

 

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

21701 real estate

Contact Chris Highland to see homes for sale in the Historic District

or Homes for Sale in the City of Frederick

Chris@ChrisHighland.com
301-401-5119

September First Saturday in Downtown Frederick – 2014

First Saturday in Downtown Frederick – September 2014

First Saturday falls on September 6th this year. The theme of the September festivities is “Dog Days of Summer”, with lots of fun activities for our fur children. A portion of the proceeds will go to the Frederick Humane Society. Dogs must be registered, you can register online before the event: Eventbrite Dog Days of Summer

  •  Doggie Parade
  • Costume Contest
  • Puppy Portrait Demo from 5 to 7
  • Zoe’s Chocolate will be having the first ever dog selfie contest.
  • Live Music
  • Good eats
  • Games, prizes and more

Registration for the costume contest is at Two Paws Up, 15 South Carroll Street, from 1 to 3:30 pm.

The judging is from 3 pm to 6 pm at various places downtown.

The Dog Parade begins at the Community Bridge from 6:30 to 7 pm. Winners will be announced at 7:15 pm.

Yappy Hour Beer Garden at Carroll Creek Amphitheater lasts from 4 pm to 8 pm. Must be 21 or older to enter.

Frederick is a dog-friendly place. Many shops and restaurants are happy to provide water dishes with the special “woof” sticker, as well as treats and outside dog-friendly eating areas. Cat and dog merchandise will be in abundance this Saturday!

First Saturday Dog Days

City of Frederick 21703 Real Estate Statistics July 2014

City of Frederick 21703 Real Estate Statistics July 2014

provided by The Highland Group. City of Frederick real estate Statistics July 2014 have been published by MRIS*.

Here are the highlights for the 21703 zip codes in the City of Frederick:

  • Average Sale Price:  $242,300 compared to $247,800 last year, -2%
  • Average Single-family home: $293,300, Avg. attached home: $219,300
  • Median Sale Price:  $237,000 compared to $230,000 last year, +3%
  • 45 Homes sold compared to 50 last year, -10%.
  • Average days on market was the up 36%, 49 days compared to 36 last year
  • Sellers got 98% of list price compared to 97% last year

There are 146 active listings in the 21703 zip code, compared to 78 last year. The inventory is increasing, very close to a normal market. We are currently looking at a 3 to 4 month absorption rate. 57 homes went under contract in July. The pace of the price increases has slowed this year compared to last year.

13% of homes sold in June were cash transactions. This is the normal 7-9%. 51% were with conventional financing, 18% with FHA.

Real estate statistics are just a snapshot of year-over-year numbers, and don’t tell the full story. Contact Us for the full story.

A visual:

 

21703 real estate statistics

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

Contact Chris Highland to see homes for sale in the Historic District

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21702 Real Estate Statistics – July 2014

City of Frederick 21702 Real Estate Statistics July 2014

provided by The Highland Group. City of Frederick real estate Statistics July 2014 have been published by MRIS*.

Here are the highlights for the 21702 zip codes in the City of Frederick:

  • Average Sale Price:  $237,100 compared to $272,500 last year, -13%
  • Average Single-family home: $351,200, Avg. attached home: $203,800
  • Median Sale Price:  $200,000 compared to $249,000 last year, -20%
  • 54 Homes sold compared to 71 last year, -24%.
  • Average days on market is the same, 52 days compared to 51 last year
  • Sellers got 98% of list price compared to 95% last year

There are 216 active listings in the 21702 zip code, compared to 148 last year. The inventory is increasing to a normal market. We are currently looking at a 3-4 month absorption rate. 72 homes went under contract in July.

We suspect a “vacation mode” was the reality of June, so there were fewer transactions in July. Next month we’ll see the increase.

28% of homes sold in July were cash transactions. This shows a lot of investors and flippers in the market. When prices are on the uptick, we see more flips.

Real estate statistics are just a snapshot of year-over-year numbers, and don’t tell the full story. Contact Us for the full story.

A visual:
21702 real estate trends

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

Contact Chris Highland to see homes for sale in the Historic District

Chris@ChrisHighland.com
301-401-5119