New To The Historic District Frederick Spring 2015

New Stores and Restaurants in Historic Frederick

In the last year, several new stores and restaurants have opened in downtown Frederick. Always a good sign that the economy is on the mend! Here are a few new businesses: (be sure to like them on Facebook for the latest news and specials.)

Downtown Restaurants

Special: Help a Culinary Student Out:

200 Monroe Restaurant provides Frederick Community College’s culinary arts students a place to learn and practice their skills. They serve the public under the Executive Chef and Maitre d’ instructors. They will be open in April and May, then again in October and December. Learn more on the FCC Website. or call 301-624-2768.

Business

Hope you’re all enjoying the (finally!) amazing spring weather in downtown Frederick!

City of Frederick 21703 Real Estate Statistics March 2015

City of Frederick 21703 Real Estate Statistics March 2015

provided by The Highland Group. City of Frederick real estate Statistics March 2015 have been published by MRIS*.

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

  • Average Sale Price:  $235,900 compared to $213,300 last year, +25%
  • Average Single-family home: $339,400, +29%,
  • Avg. attached home: $205,500, +13%.
  • Median Sale Price:  $217,500 compared to $180,000 last year, +21%
  • 44 Homes sold compared to 39 last year, +13%.
  • Average days was 62 days compared to 52 last year
  • Sellers got 97% of list price compared to 95% last year

There are 129 active listings in the 21703 zip code, up 55% from 83 listings last year at this time. The inventory is holding steady, but demand is increasing. we are currently looking at a 3-4 month absorption rate. 63 homes went under contract in last month, with a total of 105 under contract waiting to close.

Frederick Md Real Estate Market Report March 2015 from The Highland Group with Turning Point Real Estate

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 Frederick

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21702 Real Estate Statistics – March 2015

City of Frederick 21702 Real Estate Statistics - March 2015

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

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

  • Average Sale Price:  $274,900 compared to $229,600 last year, +20%
  • Average Single-family home: $317,700, up 8% since last year;
  • Avg. attached home: $194,700, up 11%.
  • Median Sale Price:  $247,450 compared to $212,500 last year, +16%
  • 46 Homes sold compared to 37 last year, +24%.
  • Average days on market is 77 days compared to 55 last year, up 40%.
  • Sellers got 95% of list price compared to 95% last year

There are 131 active listings in the 21702 zip code, compared to 130 last year. The inventory is increasing but demand is also. We are currently looking at a 3-4 month absorption rate. As the spring market heats up, 59 homes went under contract in March, promising an active spring ahead.

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 March 2015

City of Frederick 21701 Real Estate Statistics March 2015

City of Frederick 21701 Real Estate Statistics March 2015

provided by The Highland Group. City of Frederick real estate Statistics March 2015 have been published by MRIS*.

Highlights for the 21701 zip code in the City of Frederick:

  • Average Sale Price: $260,900 compared to $274,100 last year, down 5%.
  • Average Single-family home: $353,500, up 15%;
  • Avg. Townhouse/condo home: $209,200, dpwn 18% from last year in March.
  • Median Sale Price: $240,000 compared to $235,500 last year, +2%.
  • A total of 53 Homes sold compared to 42 last year, +26%.
  • Average days on market before getting a contract was 66 days compared to 81 last year.
  • Sellers got 96% of list price at time of contract, compared to 94% last year.

There are 184 active listings in the 21701 zip code, compared to 133 last year, an increase of 38%.  We are currently looking at a 3-4 month absorption rate. A large number, 97 homes went under contract in March, 26% more than this time last year, with 133 total homes currently under contract. Demand is high starting out the spring real estate season, and by all indications will increase. It’s a good time to put your home on the market if you are thinking about it.

If you’re in the market to buy, don’t be shy about pulling the trigger. Homes that are priced well and in great condition are selling in days, many with multiple offers. The inventory is still tight.

15% of homes that sold in March were cash transactions. As the real estate market heats up, we continue to see investors and flippers buying and rehabbing homes.

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.

Frederick Md real estate trends

Eastchurch – New Development in Frederick 21701

Frederick Md Real Estate Market Report March

*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

City of Frederick 21703 Real Estate Statistics February 2015

City of Frederick City of Frederick 21703 Real Estate Statistics February 2015 February 2015

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

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

  • Average Sale Price:  $200,400 compared to $220,100 last year, -9%
  • Average Single-family home: $252,800, -22%, Avg. attached home: $171,900, -6%.
  • Median Sale Price:  $185,000 compared to $195,000 last year, -5%
  • 17 Homes sold compared to 27 last year, -37%.
  • Average days was 67 days compared to 63 last year
  • Sellers got 95% of list price compared to 97% last year

There are 133 active listings in the 21703 zip code, up 55% from 86 listings last year at this time. The inventory is holding steady, we are currently looking at a  4 -5 month absorption rate. 50 homes went under contract in last month, with a total of 86 under contract waiting to close.

To see a visual presentation of Frederick County Real Estate Statistics for Februar:

Frederick Md Real Estate Market Report February 2015 from The Highland Group with Turning Point Real Estate

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 Frederick

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21702 Real Estate Statistics – February 2015

City of Frederick 21702 Real Estate Statistics - February 2015

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

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

  • Average Sale Price:  $306,000 compared to $292,700 last year, +5%
  • Average Single-family home: $366,400, no change since last year; Avg. attached home: $207,800, up 37%.
  • Median Sale Price:  $250,000 compared to $280,000 last year, -11%
  • 42 Homes sold compared to 29 last year, +45%.
  • Average days on market is 100 days compared to 64 last year, up 56%.
  • Sellers got 97% of list price compared to 92% last year

There are 121 active listings in the 21702 zip code, compared to 109 last year. The inventory is increasing but demand is also. We are currently looking at a 3-4 month absorption rate. It is taking longer to sell a home this winter, and 61 homes went under contract in February, promising an active spring ahead.

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 January 2015