Frederick Real Estate Market statistics January 2009

Frederick Real Estate market statistics are out for January 2009.  We’re seeing signs of good news on the horizon.  Take a look:

Frederick County Real Estate market statistics for January 2009:
                                            
                                                                2009                2008           % change

       
Total Sold Dollar Volume:    $ 32,183,215   $ 42,681,600    - 24.60 %
Average Sold Price: $ 268,193 $ 341,453 - 21.46 %
Median Sold Price: $ 239,950 $ 295,000 - 18.66 %
Total Units Sold: 120 125 - 4.00 %
Average Days on Market: 152 149 2.01 %
Average List Price for Solds: $ 309,618 $ 381,112 - 18.76 %
Avg Sale Price as a
percentage of Avg List Price: 		86.62 % 89.59 %
 

* Other notable statistics:

Of the 120 total sales, 24% were in the $150K to $200K range.  This is in part, reflective of the increase number of first-time buyers.  18% were in the $300K to $350K range, (the move-up range) and 16% were in the $200K to $250K range, again, first-time buyers.  We’re seeing c. 2003 prices in REO sales.

FHA and VA loans outnumbered conventional loans, as far as financing. 

44% of the homes sold took over 120 days on the market to sell.  33% sold in under 60 days. 

There are presently 1792 homes on the market, 329 new listings for the month of January, and 183 pending.   This gives us an absorption rate of about 10 months.

**Compare to December 2008 Frederick County Real Estate Market Statistics.

Real Estate Market Statistics for Frederick City January 2009:

                                                              2009                 2008                % Change

Zip Code 21701      
Total Sold Dollar Volume:    $4,695,000       $7,060,835      - 33.51 %
Average Sold Price: $ 247,105 $ 320,947 - 23.01 %
Median Sold Price:   $ 187,000       $ 253,000 - 26.09 %
Total Units Sold: 19 22 - 13.64 %
Average Days on Market: 184 182 1.10 %
Average List Price for Solds: $ 280,553 $ 350,629 - 19.99 %
Avg Sale Price as a
percentage of Avg List Price: 		88.08 % 91.53 %

  341 Active Listings     26 Pending Sales      Absorption Rate:  13 months

  
Zip Code 21702      
Total Sold Dollar Volume:   $ 6,629,093       $ 8,208,250      - 19.24 %
Average Sold Price: $ 220,970 $ 328,330 - 32.70 %
Median Sold Price: $ 203,000 $ 250,000 - 18.80 %
Total Units Sold: 30 25 20.00 %
Average Days on Market: 153 178 - 14.04 %
Average List Price for Solds: $ 249,519 $ 371,044 - 32.75 %
Avg Sale Price as a
percentage of Avg List Price: 		88.56 % 88.49 %

 314 Active Listings     47 Pending Sales     Absorption Rate:  7 months
Zip Code 21703        
Total Sold Dollar Volume:     $ 4,749,000     $ 6,058,014       - 21.61 %
Average Sold Price: $ 215,864 $ 288,477 - 25.17 %
Median Sold Price: $ 189,950 $ 235,440 - 19.32 %
Total Units Sold: 22 21 4.76 %
Average Days on Market: 136 139 - 2.16 %
Average List Price for Solds: $ 243,223 $ 313,697 - 22.47 %
Avg Sale Price as a
percentage of Avg List Price: 		88.75 % 91.96 %

 300 Active Listings      33 Pending Sales      Absorption Rate:  9 Months

To see Real estate statistics for January 2009 for Mount Airy, New Market,  Middletown, Walkersville, and Urbana.  Thurmont and Brunswick each had 4 sales.  Ijamsville had 3 sales, Monrovia and Adamstown each had 2 sales.  Jefferson had none.

See Homes in the Historic District for Sale                                                                       

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                 Frederick Real Estate          Frederick Real Estate        
                                                                                                                                                                                                       
                                  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                
                                 
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