City of Frederick 21702 Real Estate Statistics November 2014

City of Frederick 21702 Real Estate Statistics November 2014

provided by The Highland Group. City of Frederick real estate Statistics November Frederick Md Real Estate2014 have been published by MRIS*.

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

  • Average Sale Price:  $237,800 compared to $253,700 last year, -6%
  • Average Single-family home: $284,500, down 2%; Avg. attached home: $150,100, down 20%.
  • Median Sale Price:  $225,100 compared to $232,950 last year, -3%
  • 23 Homes sold compared to 38 last year, -40%.
  • Average days on market is 61 days compared to 47 last year, up 30%.
  • Sellers got 95% of list price compared to 95% last year

There are 164 active listings in the 21702 zip code, compared to 133 last year. The inventory is increasing to a normal market. We are currently looking at a 4-5 month absorption rate. 46 homes went under contract in November.

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.

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

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21702 Real Estate Trends November 2014

City of Frederick 21701 Real Estate Statistics November 2014

City of Frederick 21701 Real Estate Statistics November 2014

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

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

  • Average Sale Price:  $258,300 compared to $250,400 last year, up 3%.
  • Average Single-family home: $315,500, up 17%; Avg. attached home: $221,300, down 7%.
  • Median Sale Price:  $228,000 compared to $237,000 last year, -4%.
  • 51 Homes sold compared to 41 last year, +24%.
  • Average days on market before getting a contract was 72 days compared to 54 last year.
  • Sellers got 94% of list price compared to 96% last year.

There are 194 active listings in the 21701 zip code, compared to 152 last year, an increase of 28%. The inventory is leveling off to a normal market. We are currently looking at a 4-5 month absorption rate. 56 homes went under contract in November, 6% more than this time last year, with 103 total homes currently under contract.

14% of homes sold in September were cash transactions. 55% of loans were conventional financing, only 14% were FHA, 14% were VA.

Remember: 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.

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

Real Estate Link Roundup – November 2014

There are so many people saying good things…sometimes I don’t want to rinse and repeat…Here is the latest, greatest real estate information out on the www:

Best Real Estate Articles for November:

  1. Harvard’s Five Financial Reasons to Buy A Home. Nevermind the intrinsic, personal reasons, when the time is right buying a home makes good financial sense.
  2.  Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about whereChanges in FHA Fees prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.  The results of their latest survey:
  • Home values will appreciate by 4.8% in 2014.
  • The cumulative appreciation will be 23.5% by 2019.
  • That means the average annual appreciation will be 3.6% over the next 5 years.
  • Even the most conservative experts in the survey still are projecting a cumulative appreciation of 15.1% by 2019.

3. Where are mortgage interest rates headed? Here’s a great article with prognostications and in-depth analysis from Three industry leaders: 2015 Mortgage Rate Forecast

4. Failing to refinance your mortgage when interest rates are low could cost you…thousands. This Wall Street Journal article points out that the median total of lost savings for those who didn’t refinance was about $11,500 in 2010.

5. How to Sabotage Your Home Sale...obviously a tongue-in-cheek “what NOT to do” article.

6. Fireplace Safety During A Frederick Md Winter, written by our favorite home inspector, David Goldberg, Reliable Home Services.

See Homes for sale in Frederick Md on our convenient Map Search Tool. Contact Chris Highland for real estate services in Frederick, Montgomery, Howard, Carroll, and Washington Counties. 22 years experience helping you find home.

 

City of Frederick 21703 Real Estate Statistics October 2014

City of Frederick 21703 Real Estate Statistics October 2014

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

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

  • Average Sale Price:  $244,700 compared to $241,100 last year, +2%
  • Average Single-family home: $353,200, Avg. attached home: $195,700
  • Median Sale Price:  $221,400 compared to $205,000 last year, +8%
  • 45 Homes sold compared to 37 last year, +22%.
  • Average days on market was up slightly, 46 days compared to 39 last year
  • Sellers got 96% of list price compared to 97% last year

There are 156 active listings in the 21703 zip code, up a huge 75% from 89 listings last year at this time. The inventory is holding steady, we are currently looking at a  4 -5 month absorption rate. 57 homes went under contract in October, with a total of 81 under contract waiting to close.

1

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:

 

*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 Trends October 2014

City of Frederick 21702 Real Estate Statistics October 2014

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

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

  • Average Sale Price:  $262,000 compared to $252,100 last year, +4%
  • Average Single-family home: $330,900, Avg. attached home: $204,500
  • Median Sale Price:  $236,900 compared to $228,500 last year, +4%
  • 55 Homes sold compared to 36 last year, +53%.
  • Average days on market is 68 days compared to 37 last year, up 84%.
  • Sellers got 94% of list price compared to 96% last year

There are 193 active listings in the 21702 zip code, compared to 152 last year. The inventory is increasing to a normal market. We are currently looking at a 4-5 month absorption rate. 45 homes went under contract in October.

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:

 

*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 21702 Real Estate Trends October 2014

City of Frederick 21701 Real Estate Trends October 2014

City of Frederick 21701 Real Estate Statistics October 2014

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

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

  • Average Sale Price:  $274,200 compared to $269,700 last year, up 2%, and up 1% from the average sale price in September.
  • Average Single-family home: $309,600, Avg. attached home: $223,800
  • Median Sale Price:  $253,900 compared to $239,900 last year, +6%, and up 6% from September.
  • 51 Homes sold compared to 59 last year, -14%.
  • Average days on market before getting a contract was 56 days compared to 45 last year.
  • Sellers got 95% of list price compared to 98% last year.

There are 215 active listings in the 21701 zip code, compared to 179 last year. The inventory is leveling off to a normal market. We are currently looking at a 4-5 month absorption rate. 69 homes went under contract in October, with 112 total homes currently under contract.

12% of homes sold in September were cash transactions. 53% of loans were conventional financing, only 25% were FHA.

Remember: 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.

For the visual folks:

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