Jan
19
It’s definitely less time to sell a home than it did last year:
Archive for the Market Reports Category
| title | comments | date |
|---|---|---|
| How Long Does It Take To Sell My Frederick Home? | 0 | Jan 19, 2010 |
| Frederick County Real Estate End-of-Year Sales Volume | 0 | Jan 19, 2010 |
| Frederick County MD Year-End Market Report -Average Sold Price | 0 | Jan 18, 2010 |
| Montgomery County MD Real Estate Market Statistics for December 2009 | 0 | Jan 15, 2010 |
| December 2009 Real Estate Market Statistics for Smaller Frederick MD Communities | 0 | Jan 14, 2010 |
| Frederick Communities Real Estate Market Report for December 2009 | 0 | Jan 13, 2010 |
| Frederick City MD Real Estate Market Report for December 2009 | 0 | Jan 12, 2010 |
| Frederick County MD Real Estate Market Report for December 2009 | 0 | Jan 11, 2010 |
| Montgomery County MD Real Estate Market Report for November 2009 | 0 | Dec 18, 2009 |
| Frederick County Real Estate Market Report for Smaller Frederick Communities - November 2009 | 0 | Dec 16, 2009 |
Jan
19
Sales volume was definitely up this year:
Jan
18
A picture paints a thousand words…
| Jan | Feb | Mar | April | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| 2009 | 268,200 | 260,300 | 262,200 | 259,400 | 287,300 | 278,300 | 262,000 | 265,300 | 277,100 | 256,600 | 259,700 | 251,200 |
| 2008 | 341,500 | 338,900 | 323,600 | 322,700 | 325,100 | 310,900 | 327,200 | 299,000 | 290,100 | 276,200 | 276,600 | 276,600 |
| Jan | Feb | Mar | April | May | June | July | Aug | Sept | Oct | Nov | Dec | |
| 2009 | 239,950 | 227,000 | 238,700 | 229,325 | 249,000 | 260,000 | 234,000 | 233,000 | 240,000 | 233,000 | 234,450 | 230,000 |
| 2008 | 295,000 | 295,000 | 290,000 | 290,000 | 286,600 | 272,500 | 295,000 | 265,000 | 262,000 | 234,500 | 241,250 | 239,900 |
Jan
15
MRIS has published the real estate sales statistics for Montgomery County for December 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $451,100 | $431,400 | +5% |
| Median Price | $335,000 | $341,750 | -2% |
| DOM | 72 | 108 | -33% |
| # homes sold | 756 | 644 | +17% |
| New Listings: | 781 |
| Total Marked Contract: | 349 |
| Total Marked Contingent: | 357 |
| Total Pending (contract + contingent) | 706 |
Note: There are currently 3689 homes listed for sale in Montgomery County, that makes roughly a 4-5 month inventory. Inventory is shrinking, prices are stabilizing.
*Other notable sales statistics: The largest number of sales (45%) were with Conventional fincancing, 32% were with FHA financing, and 14% were cash. 48% of the homes that sold last month sold in under 30 days, reflecting great price and good condition. 30% of homes sold were under $300,000, the typical first-time buyer range, showing a stronger move-up market than the previous months.
Compare to Montgomery County Real Estate Market Statistics for November 2009. See Frederick County Real Estate Market Report for December 2009.
*All statistics are gathered from the MRIS, Metropolitan Regional Information System, and while accurate, are not guaranteed.
To see homes for sale in Frederick or Montgomery County, use our free property search:
The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com
Jan
14
Frederick County real estate market statistics* for the month of December 2009. Listed by community:
| Ijamsville | 2009 | 2008 | % Change |
| Avg. Price | $0 | $593,325 | % |
| Median Price | $0 | $572,200 | % |
| DOM | 35 | % | |
| # homes sold | 0 | 1 |
| New Listings: | 2 |
| Total Marked Contract: | 1 |
| Total Marked Contingent: | 3 |
| Total Pending (contract + contingent) | 4 |
There are currently 21 homes on the market in Ijamsville. Ijamsville has been showing roughly a 5-6 month inventory.
| Monrovia | 2009 | 2008 | % Change |
| Avg. Price | $0 | $366,667 | % |
| Median Price | $0 | $375,000 | % |
| DOM | 301 | % | |
| # homes sold | 0 | 3 |
| New Listings: | 1 |
| Total Marked Contract: | 2 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 3 |
There are currently 17 homes on the market in Monrovia, which has been showing roughly a 6 month inventory.
| Myersville | 2009 | 2008 | % Change |
| Avg. Price | $242,750 | $445,000 | -45% |
| Median Price | $243,000 | $445,000 | -45% |
| DOM | 137 | 251 | +45% |
| # homes sold | 4 | 1 | +300% |
| New Listings: | 3 |
| Total Marked Contract: | 1 |
| Total Marked Contingent: | 0 |
| Total Pending (contract + contingent) | 1 |
There are currently 39 homes on the market in Myersville. This represents a 9-10 month inventory. Sellers got 70% of list price, both this December as well as last December.
| Brunswick | 2009 | 2008 | % Change |
| Avg. Price | $183,400 | $165,667 | +11% |
| Median Price | $164,000 | $155,000 | +6% |
| DOM | 350 | 199 | +76% |
| # homes sold | 5 | 3 | +67% |
| New Listings: | 6 |
| Total Marked Contract: | 3 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 4 |
There are currently 39 homes for sale in Brunswick, representing roughly a 7-8 month absorption rate. On average, sellers are gettin 85% of list price, compared to 75% in December 2008.
| Knoxville | 2009 | 2008 | % Change |
| Avg. Price | $243,300 | $559,333 | -57% |
| Median Price | $250,000 | $325,000 | -26% |
| DOM | 54 | 243 | -78% |
| # homes sold | 3 | 3 | +0% |
| New Listings: | 5 |
| Total Marked Contract: | 2 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 3 |
There are currently 33 homes on the market in Knoxville, representing an absorption rate of about 9-10 months. On average, sellers are getting 95% of list price, compared to 73% in December 2008
| Jefferson | 2009 | 2008 | % Change |
| Avg. Price | $376,333 | $184,000 | +105% |
| Median Price | $339,000 | $184,000 | +84% |
| DOM | 213 | 34 | +526% |
| # homes sold | 3 | 1 | +200% |
| New Listings: | 3 |
| Total Marked Contract: | 0 |
| Total Marked Contingent: | 2 |
| Total Pending (contract + contingent) | 2 |
There are currently 21 homes on the market in Jefferson, representing roughly an absorption rate of 10 months. On average, sellers got 92% of list price, the same as in December 2008.
We’re seeing the seasonal slowdown of sales in the smaller communities of Frederick County. To see Frederick County Market Statistics for December 2009.
Compare to Market Reports for Smaller Frederick Communities November 2009.
Contact us for a personal tour of Frederick MD Homes for sale. Visit our website for more information. Find out what your home is worth.
The Highland Real Estate Group
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: isell4u2@msn.com
Jan
13
Frederick County real estate market statistics* for the month of December 2009. Listed by community:
| Urbana | 2009 | 2008 | % Change |
| Avg. Price | 345,100 | $399,050 | -14% |
| Median Price | 337,500 | $255,000 | -5% |
| DOM | 52 | 74 | -30% |
| # homes sold | 10 | 8 | +25% |
| New Listings: | 15 |
| Total Marked Contract: | 7 |
| Total Marked Contingent: | 8 |
| Total Pending (contract + contingent) | 15 |
There are currently 72 homes on the market in Urbana, which represents roughly a 7 month inventory.
| Middletown | 2009 | 2008 | % Change |
| Avg. Price | $274,780 | $364,500 | -26% |
| Median Price | $255,000 | $279,000 | -9% |
| DOM | 139 | 136 | -2% |
| # homes sold | 5 | 4 | +25% |
| New Listings: | 4 |
| Total Marked Contract: | 5 |
| Total Marked Contingent: | 3 |
| Total Pending (contract + contingent) | 8 |
There are currently 66 homes on the market in Middletown, representing roughly a 8-9 month inventory.
| Walkersville | 2009 | 2008 | % Change |
| Avg. Price | $232,690 | $222,757 | +4% |
| Median Price | $214,450 | $207,000 | +4% |
| DOM | 131 | 97 | +35% |
| # homes sold | 10 | 7 | +43% |
| New Listings: | 10 |
| Total Marked Contract: | 2 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 3 |
There are currently 49 homes on the market in Walkersville. This represents a 7-8 month inventory.
| New Market | 2009 | 2008 | % Change |
| Avg. Price | $315,971 | $294,650 | +7% |
| Median Price | $292,000 | $270,500 | +8% |
| DOM | 64 | 113 | -44% |
| # homes sold | 7 | 6 | +17% |
| New Listings: | 14 |
| Total Marked Contract: | 8 |
| Total Marked Contingent: | 4 |
| Total Pending (contract + contingent) | 12 |
There are currently 66 homes for sale in New Market, representing roughly a 6-7 month absorption rate.
| Mount Airy | 2009 | 2008 | % Change |
| Avg. Price | $364,800 | $354,742 | +3% |
| Median Price | $392,500 | $324,950 | -10% |
| DOM | 92 | 101 | -9% |
| # homes sold | 16 | 12 | +33% |
| New Listings: | 16 |
| Total Marked Contract: | 7 |
| Total Marked Contingent: | 5 |
| Total Pending (contract + contingent) | 12 |
There are currently 146 homes on the market in Mount Airy, representing an absorption rate of 10-12 months.
| Thurmont | 2009 | 2008 | % Change |
| Avg. Price | $255,800 | $283,500 | -10% |
| Median Price | $250,000 | $220,000 | +14% |
| DOM | 172 | 120 | +43% |
| # homes sold | 6 | 7 | -14% |
| New Listings: | 11 |
| Total Marked Contract: | 4 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 5 |
There are currently 63 homes on the market in Thurmont, representing roughly an absorption rate of 9-10 months.
_________________________________________________
NOTES: We’re seeing the seasonal decrease in the number of sales throughout Frederick County communities, although sales are still higher than this December 2008. Prices are stabelizing throughout Frederick County. To see County-Wide Statistics: Frederick County Real Estate Market Statistics for December 2009. Compare to Real Estate Market Reports for Frederick Communities November 2009.*All statistics are gathered from the MRIS, Metropolitan Regional Information System, and while accurate, are not guaranteed.
Contact us for a personal tour of Frederick MD Homes for sale. Visit our website for more information. Find out what your home is worth.
The Highland Real Estate Group
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: isell4u2@msn.com
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