Frederick County Real Estate Statistics April 2013

PROVIDED BY THE HIGHLAND GROUP,

Here are the highlights:

Notes:  There are currently 725 homes on the market in Frederick County, lower this month. (20% lower than last year at this time) This makes roughly a 3 month inventory.   Cash deals were 20% of sales. (compared to 7% in a normal market).

*Other notable sales statistics: Sellers got 96% of list price on average, compared to 93% at this same time last year.

Of the homes sold, (37) 15% were Short Sales, (4) less than 2% were foreclosures.

Of the 725 listings in Frederick County, 9% are short sales (68), and 1% are foreclosures (10). Short sales have been far outpacing foreclosures as banks are pushing for short sales, rather than foreclose.

Although Short Sales are 9% of the inventory, they are 15% of the monthly sales.

We’ve seen that the number of short sales on the market has been declining month over month since the summer. This is a good trend for the Frederick real estate market. We expect that short sales will continue be a part of the market, however, not in the numbers that we’ve seen them.

If you or anyone you know is facing the possibility of foreclosure, please feel free tocontact us, Chris Highland is a Short Sale Specialist, with a CDPE disignation, Certified Distressed Property Expert.

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

City of Frederick Real Estate Report 21703 April 2013

provided by The Highland Group

City of Frederick real estate Report 21703 April 2013 have been published by MRIS*.
Here are the highlights for the City of Frederick

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This zip code shows 58 active listings, representing roughly a 3 month inventory. There are currently 132 homes under contract total. Sellers got an average of 99% of list price this month, compared to 96% this time last year.

Distressed Sales:

23% of sales were cash deals.

There are 5 short sales on the market in 21703, 9% of the active listings, 0 foreclosures on the market.

Of the sales last month, 7 were short sales, or 20%, and 1 foreclosure sold.

Notes:  The inventory is still low right now, 691 county-wide. (19% lower than this time last year), a 10% increase from last month.

Short sales are still a significant aspect of sales, although the number of listings are decreasing. They are still an influence on appraisals.

Compare to City of Frederick Real Estate Market Reports

Coming – County-wide statistics

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

The Highland Group
Chris & Karen Highland *    * * *
Turning Point Real Estate – 301-831-8232
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119

City of Frederick Real Estate Report 21702  April 2013

provided by The Highland Group

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There are currently 94 active listings in the zip code, compared to 92 at this time last year, representing roughly a 3 month inventory. There are 110 homes under contract total.  Sellers got 98% of list price on average, compared to 89% last year.

Cash deals were 22% of sales this month.

DISTRESSED SALES:

There are 9 short sales on the market in 21702, 10% of the active listings, 2 foreclosures on the market, 2%.

 22% (7) of homes sold were short sales, 1 was a foreclosure.

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

The Highland Group
Chris & Karen Highland *    
Turning Point Real Estate
email us: isell4u2@msn.com
Text Us: 301-401-5119

City of Frederick 21701 Real Estate Market April 2013

by the Highland Group, published by MRIS*

City of Frederick real estate Statistics April 2013 have been published by MRIS*. Real estate activity in Frederick Md has been picking up.

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

The inventory is 135 active listings in the zip code, which represents roughly a 3 month inventory. There are 139 homes under contract total. Sellers are getting an average 95% of list price, compared to 92% one year ago, on average.

DISTRESSED SALES:

There are 15 short sales on the market in 21701, 11% of the active listings, 1 foreclosures on the market.

28% of sales last month were cash deals, still higher than the normal number of 7-9%.

4% (2 homes) of sales were short sales, 0 foreclosures.

Here is an interesting look at the number of closed sales compared to the number of houses on the market over the last 5 years.

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Compare to City of Frederick Real Estate Market Reports

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

The Highland Group
Chris & Karen Highland *    
Turning Point Real Estate
email us: karen@allthingsfrederick.com
Text or call Us: 301-401-5119