City of Frederick 21703 Real Estate Statistics December 2014

City of Frederick 21703 Real Estate Statistics December 2014

Frederick Md Real Estateprovided by The Highland Group. City of Frederick real estate Statistics December 2014 have been published by MRIS*.

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

  • Average Sale Price:  $262,300 compared to $221,500 last year, +19%
  • Average Single-family home: $359,200, up 12%, Avg. attached home: $185,000, no change.
  • Median Sale Price:  $220,000 compared to $205,000 last year, +7%
  • 36 Homes sold compared to 41 last year, -12%.
  • Average days on market doubled, 80 days compared to 39 last year
  • Sellers got 97% of list price compared to 97% last year

There are 136 active listings in the 21703 zip code, up 70% from 80 listings last year at this time. The inventory is holding steady, we are currently looking at a  4 -5 month absorption rate. 32 homes went under contract in November, with a total of 62 under contract waiting to close.

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

Chris@ChrisHighland.com
301-401-5119

City of Frederick 21702 Real Estate Statistics December 2014

City of Frederick 21702 Real Estate Statistics - December 2014

provided by The Highland Group. City of Frederick real estate Statistics December 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:  $226,400 compared to $242,100 last year, -7%
  • Average Single-family home: $252,500, down 16%; Avg. attached home: $189,600, up 27%.
  • Median Sale Price:  $202,400 compared to $242,000 last year, -7%
  • 41 Homes sold compared to 39 last year, +5%.
  • Average days on market is 72 days compared to 44 last year, up 64%.
  • Sellers got 93% of list price compared to 96% last year

There are 161 active listings in the 21702 zip code, compared to 122 last year. The inventory is increasing to a normal market. We are currently looking at a 4-5 month absorption rate. 33 homes went under contract in December.

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 December 2014

City of Frederick 21701 Real Estate Statistics December 2014

City of Frederick 21701 Real Estate Statistics December 2014

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

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

  • Average Sale Price:  $276,200 compared to $255,500 last year, up 8%.
  • Average Single-family home: $344,600, up 10%; Avg. Townhouse/condo home: $235,800, up 12%.
  • Median Sale Price:  $266,600 compared to $210,000 last year, +27%.
  • 62 Homes sold compared to 53 last year, +17%.
  • Average days on market before getting a contract was 69 days compared to 44 last year.
  • Sellers got 95% of list price compared to 95% last year.

There are 175 active listings in the 21701 zip code, compared to 133 last year, an increase of 32%. The inventory is leveling off to a normal market. We are currently looking at a 4-5 month absorption rate. 44 homes went under contract in December, 19% more than this time last year, with 174 total homes currently under contract.

18% of homes sold in September were cash transactions. 48% of loans were conventional financing, 19% were FHA, 8% 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

City of Frederick 21703 Real Estate Statistics November 2014

City of Frederick 21703 Real Estate Statistics November 2014

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

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

  • Average Sale Price:  $232,500 compared to $195,000 last year, +19%
  • Average Single-family home: $353,500, Avg. attached home: $361,600
  • Median Sale Price:  $232,500 compared to $195,000 last year, +19%
  • 38 Homes sold compared to 35 last year, +8%.
  • Average days on market was up slightly, 42 days compared to 35 last year
  • Sellers got 95% of list price compared to 98% last year

There are 144 active listings in the 21703 zip code, up 75% from 82 listings last year at this time. The inventory is holding steady, we are currently looking at a  4 -5 month absorption rate. 39 homes went under contract in November, with a total of 72 under contract waiting to close.

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

Chris@ChrisHighland.com
301-401-5119

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