Oct
6
1813 N Greenleese Dr., Frederick, Md 21701
Posted by Chris & Karen Highland under For Buyers, Frederick City Real Estate, Frederick Md, General Information, Neighborhoods
This beautiful 6 bedroom 4.5 bath home is for sale in the neighborhood of Deerbought, in the City of Frederick, list price $335,000. This home has tons of space! Almost 4000 sq. ft. The kitchen has granite counters, the home has lovely hardwood floors on most of the first floor. The home backs to common space with a great fenced yard. Fully finished lower level with a walkout and kitchenette. 2-car garage, bump-out, multiple decks. The home was built in 2004.
Photos of 1813 N. Greenleese Dr. Frederick Md 21701
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Call us for a personal tour. 301-831-9947
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Use our free tools to find your Frederick home:
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate “ 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119
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Oct
22
How to Research Neighborhood Schools When Looking for Your Frederick Home
Posted by Chris & Karen Highland under For Buyers, General Information, Marketing Reports, Neighborhoods, Relocation to Frederick
Here’s a couple of great websites:
http://www.greatschools.net/ (This is a nice site because it has parents ratings.)
And: http://www.mdreportcard.org/
And, I have a nice school information page on my website: The Highland Real Estate Group – Frederick Communities
We are very proud of our schools in Frederick County, we continue to test in the top 5 counties in Maryland.
“Best Schools” is very subjective. You might want to put together a list of what you think are the most important features in a school and do your research. Most of the private schools all have websites and you certainly can call the school board and ask your questions.
Someone once told me they attended neighborhood meetings of the neighborhoods they were interested in, and asked people there about their experiences. If you have the energy, that would be a thorough approach.
Best Wishes on your research!
Contact us if you™d like more details about your neighborhood. Or use our free MLS property search:
The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
Real Estate Teams, LLC
isell4u2@msn.com
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Oct
16
Absorption Rates for Frederick County Communities – September 2009
Posted by Chris & Karen Highland under For Buyers, For Sellers, Frederick Md, Market Reports, Marketing Reports, Neighborhoods
The Absorption rate in Frederick County real estate is roughly 6-7 months. The absorption rate is an estimate which varies from month to month, community to community. 
An absorption rate of 6 months is considered a balanced market. Throughout the summer we™ve seen the inventory fall and the number of sales jump. The pending sales for October are 291, still high, but usually about 75% of the pendings have been sold by the next month.
Absorption rates for Frederick County and major communities:
| Frederick County as a whole | 6 months |
| 21701 | 6-7 months |
| 21702 | 6 months |
| 21703 | 5 months |
| Urbana | 7-8 months |
| Ijamsville | 5-6 months |
| Monrovia | 8 months |
| Mount Airy | 6-7 months |
| New Market | 6-7 months |
| Walkersville | 3-4 months |
| Thurmont/Emmitsburg | 9 months |
| Middletown | 6-7 months |
As the inventory continues to come down; it™s now around 1587, roughly 1300 of these are residential, down from 1800 in March, we will see a levelling off of the market and a return to a normal absorption rate, 5 to 6 months.
Contact us if you™d like more details about your neighborhood. Or use our free MLS 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 301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com
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Oct
14
Frederick County Real Estate Market Report for Smaller Communities – September 2009
Posted by Chris & Karen Highland under For Buyers, For Sellers, Frederick Md, Market Reports, Marketing Reports, Neighborhoods
Frederick County real estate market statistics for the month of September 2009. Listed by community:
| Ijamsville | 2009 | 2008 | % Change |
| Avg. Price | $413,570 | $458,475 | -10% |
| Median Price | $391,000 | $475,000 | -18% |
| DOM | 267 | 76 | +251% |
| # homes sold | 7 | 4 | +75% |
| New Listings: | 6 |
| Total Marked Contract: | 3 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 4 |
There are currently 29 homes on the market in Ijamsville, which represents roughly a 4-5 month inventory.
| Monrovia | 2009 | 2008 | % Change |
| Avg. Price | $403,333 | $286,000 | +41% |
| Median Price | $375,000 | $286,000 | +31% |
| DOM | 118 | 36 | +228% |
| # homes sold | 3 | 1 | +200% |
| New Listings: | 4 |
| Total Marked Contract: | 1 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 2 |
There are currently 17 homes on the market in Monrovia, representing roughly a 6-7 month inventory.
| Myersville | 2009 | 2008 | % Change |
| Avg. Price | $290,650 | $316,000 | -8% |
| Median Price | $306,000 | $335,000 | -9% |
| DOM | 92 | 61 | +51% |
| # homes sold | 6 | 3 | +100% |
| New Listings: | 4 |
| Total Marked Contract: | 0 |
| Total Marked Contingent: | 2 |
| Total Pending (contract + contingent) | 2 |
There are currently 47 homes on the market in Myersville. This represents a 9-10 month inventory.
| Brunswick | 2009 | 2008 | % Change |
| Avg. Price | $168,257 | $198,075 | -15% |
| Median Price | $168,500 | $203,250 | -17% |
| DOM | 110 | 125 | -12% |
| # homes sold | 7 | 6 | +17% |
| New Listings: | 10 |
| Total Marked Contract: | 4 |
| Total Marked Contingent: | 1 |
| Total Pending (contract + contingent) | 5 |
There are currently 45 homes for sale in Brunswick, representing roughly a 9 month absorption rate.
| Knoxville | 2009 | 2008 | % Change |
| Avg. Price | $268,500 | $682,875 | -61% |
| Median Price | $237,000 | $402,500 | -41% |
| DOM | 169 | 82 | +106% |
| # homes sold | 4 | 4 | +67% |
| New Listings: | 9 |
| Total Marked Contract: | 2 |
| Total Marked Contingent: | 2 |
| Total Pending (contract + contingent) | 4 |
There are currently 33 homes on the market in Knoxville, representing an absorption rate of about 7 months.
| Jefferson | 2009 | 2008 | % Change |
| Avg. Price | $316,000 | $320,000 | -1% |
| Median Price | $336,250 | $320,000 | +5% |
| DOM | 88 | 408 | -78% |
| # homes sold | 6 | 2 | +200% |
| New Listings: | 3 |
| Total Marked Contract: | 4 |
| Total Marked Contingent: | 2 |
| Total Pending (contract + contingent) | 6 |
There are currently 25 homes on the market in Jefferson, representing roughly an absorption rate of 5 months.
We™re seein the seasonal slowdown of sales, but still an active market compared to this time last year. We™re seeing the inventory shrink everywhere in the county, and therefore, we are moving closer to a balanced market.
To see Frederick County Market Statistics for September 2009.
Compare to Market Reports for Smaller Frederick Communities August 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
Leave a Reply
Oct
13
Real Estate Market Report for Frederick Communities – September 2009
Posted by Chris & Karen Highland under For Buyers, For Sellers, Frederick Md, Market Reports, Marketing Reports, Neighborhoods
Frederick County real estate market statistics for the month of September 2009. Listed by community:
| Middletown | 2009 | 2008 | % Change |
| Avg. Price | 530,438 | $301,750 | +76% |
| Median Price | $392,500 | $277,500 | +41% |
| DOM | 172 | 108 | +59% |
| # homes sold | 8 | 12 | -33% |
| New Listings: | 11 |
| Total Marked Contract: | 7 |
| Total Marked Contingent: | 8 |
| Total Pending (contract + contingent) | 15 |
There are currently 81 homes on the market in Middletown, which represents roughly a 5-6 month inventory.
| Urbana | 2009 | 2008 | % Change |
| Avg. Price | $377,024 | $343,129 | +10% |
| Median Price | $320,000 | $328,000 | -2% |
| DOM | 32 | 95 | -66% |
| # homes sold | 11 | 7 | +57% |
| New Listings: | 27 |
| Total Marked Contract: | 3 |
| Total Marked Contingent: | 6 |
| Total Pending (contract + contingent) | 9 |
There are currently 93 homes on the market in Urbana, representing roughly a 8-9 month inventory. 6 of the 11 homes sold last month sold in under 30 days.
| Walkersville | 2009 | 2008 | % Change |
| Avg. Price | $235,169 | $295,300 | -20% |
| Median Price | $195,000 | $298,000 | -35% |
| DOM | 62 | 106 | -42% |
| # homes sold | 11 | 15 | -27% |
| New Listings: | 22 |
| Total Marked Contract: | 10 |
| Total Marked Contingent: | 7 |
| Total Pending (contract + contingent) | 17 |
There are currently 51 homes on the market in Walkersville. This represents a 3-4 month inventory.
| New Market | 2009 | 2008 | % Change |
| Avg. Price | $326,450 | $300,308 | +9% |
| Median Price | $332,500 | $292,000 | +14% |
| DOM | 99 | 82 | +21% |
| # homes sold | 18 | 13 | +38% |
| New Listings: | 17 |
| Total Marked Contract: | 13 |
| Total Marked Contingent: | 4 |
| Total Pending (contract + contingent) | 17 |
There are currently 83 homes for sale in New Market, representing roughly a 5-6 month absorption rate.
| Mount Airy | 2009 | 2008 | % Change |
| Avg. Price | $344,160 | $372,663 | -8% |
| Median Price | $340,000 | $339,000 | 0% |
| DOM | 118 | 164 | -28% |
| # homes sold | 24 | 15 | +60% |
| New Listings: | 34 |
| Total Marked Contract: | 17 |
| Total Marked Contingent: | 7 |
| Total Pending (contract + contingent) | 24 |
There are currently 157 homes on the market in Mount Airy, representing an absorption rate of 7-8 months.
| Thurmont | 2009 | 2008 | % Change |
| Avg. Price | $224,480 | $247,857 | -9% |
| Median Price | $192,500 | $237,000 | -19% |
| DOM | 138 | 181 | -24% |
| # homes sold | 5 | 7 | -29% |
| New Listings: | 13 |
| Total Marked Contract: | 6 |
| Total Marked Contingent: | 5 |
| Total Pending (contract + contingent) | 11 |
There are currently 70 homes on the market in Thurmont, representing roughly an absorption rate of 7-8 months.
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We™re the seasonal decrease in the number of sales throughout Frederick County communities, although its still a healthy market. Prices are leveling off throughout Frederick County. As the inventory shrinks, we are moving closer to a balanced market in most of the county. The highest number of sales are in the first-time buyer price range.
To see Frederick County Real Estate Market Statistics for September 2009.
Compare to Real Estate Market Reports for Frederick Communities August 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
Leave a Reply
Jul
18
Absorption Rates in Frederick County Real Estate – June 2009
Posted by Chris & Karen Highland under For Buyers, For Sellers, Frederick Md, Market Reports, Marketing Reports, Neighborhoods
The Absorption rate in Frederick County real estate is roughly 7 months. What is the absorption rate? It™s a rough estimate of how long it will take the current homes on the market to sell. Because the current number of listings and pending sales fluctuate from month to month, even day to day, absorption rate is an estimate.
An absorption rate of 6 months is considered a balanced market, while a rate under 6 months is a seller™s market. A balanced market, of course is what most of us want to see, and the good news is, we are getting closer. We’re seeing a seller’s market in Urbana and Walkersville, as inventory continues to decrease and sales continue to increase.
Absorption rates for Frederick County and major communities:
| Frederick County as a whole | 7 months |
| 21701 | 7 months |
| 21702 | 5 months |
| 21703 | 7 months |
| Urbana | 5 months |
| Ijamsville | 6.5 months |
| Monrovia | 6 months |
| Mount Airy | 6 months |
| New Market | 10 months |
| Walkersville | 3.5 months |
| Thurmont/Emmitsburg | 8 months |
| Middletown | 7 months |
As the inventory continues to come down; it™s now around 1700, down from a high of 2400, and the number of sales continue to go up, we will see a leveling off of the market and a return to a normal absorption rate, 5 to 6 months.
Contact us if you™d like more details about your neighborhood.
I think Absorption Rates cannot be missed in determing the best listing price for a home. One in Walkersville might be able to go a little higher since they don’t stay on the market very long; but the one in New Market will have to price below where they might feel comfortable if they want to sell.
You’re right, Cindy, absorption rates should be considered when listing your home for sale. They vary accross the county, and tell a story about what the market is doing in each community.