Real Estate Marketing Specialists

Category Archives: Frederick Real Estate Market Statistics

Monthly real estate statistics for the Frederick County Market. A long-term look at what the numbers are doing will help buyers and sellers have a better strategy in purchasing or selling their home.

Frederick County Real Estate Market Snapshot October 2014

Frederick County Real Estate Market Snapshot October 2014

Frederick County Real Estate Market Snapshot October 2014

provided by the Highland Group

The real estate market in Frederick continues with a steady demand in October. Here is a snapshot of Frederick County real estate statistics:

Frederick Real Estate Trends for October 2014

Real Estate Statistics in Frederick Md

Average Home Sales Price:  $290,900: almost equal to last October. Also up 3% from September’s average sales price.

  • Average Single-Family Sales Price:  $331,000
  • Average Attached Home Sales Price:  $223,200

Median Home Sales Price:   $259,200: up 1% since last October. Also up 2% from September.

Average Days on Market (DOM): 68 days, higher than last year, still lower than the 5 year average.

Number of Homes Sold:  282, up 18% from last year.

Total Listings in Frederick Md: 1259, up from 989 last October, 27%. The inventory seems to be leveling off, with a balanced market, with a 4 to 5 month inventory.

Newly Under Contract: 308, similar to last year (311).

Sellers got 95% of list price on average, compared to 96% last year. This number has been steady for the year.

What’s Notable:

  • September saw a large number of homes go under contract, sometimes “Pending” is a term you may see. We have a healthy number of 308 new contracts in October. The total waiting to close is 528.
  • The inventory has increased throughout 2014, and is now leveling off, as more people are able to see appreciation over last year.
  • Cash deals were 13% of sales. As appreciation is expected, we’re seeing more Investors and flippers in Frederick. 51% of loans were with Conventional financing, 21% were FHA. (FHA raised fees recently and we can watch them become less relevant in the market)
  • Conventional loans are becoming more affordable. Many loan products are on the market requiring 10% and even 5% down, making them appealing.
  • The majority of home sales take place in the $200,000 to $300,000 price range. 36%.

A Quick Visual Chart of Frederick County Real Estate Market October 2014 provided by MRIS (Mid-Atlantic Regional Information System):

Frederick real estate statistics Oct. 2014

*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 Md.


301-401-5119

Frederick County Real Estate Market Snapshot April 2014

Frederick County Real Estate Market Snapshot April 2014

provided by the Highland Group

We’re seeing the Spring market take place, Here is a snapshot of Frederick County real estate statistics April:

County-wide    2014   2013 % Change
Avg. Price    $286,100  $301,400        -5%  ↓
    Month-Over-Month    $255,200  $282,500 (Mar)        +1%   ↑
Median Price    $255,200  $261,500        -2%   ↓
    Month-Over-Month    $255,200  $250,000 (Mar)        +2%   ↑
DOM         56       70        -20%   ↓↓
# homes sold        260       244        +7%   ↑
    Month-Over-Month        260       221 (Mar)        +17%  ↑↑
Total Listings        992       725        +37%  ↑↑
Inventory       c. 3- 4 mos.      c. 3-4 mos.           ↔
New Pending Sales       385      403         -4 %   ↓
Sale Price as
% of List Price
      96%        96%              –


What’s Notable:

  • Cash deals were 17% of sales. Investors and flippers are finding a good market in Frederick this spring.
  • Average price for town homes was $216,500, compared to $222,100, -2% over last year.
  • Average sold price for single-family homes was $339,500, compared to $346,200 in April 2013, -2%.
  • The number of Homes that went under contract in April, 385, although slightly lower than last April, show a healthy month ahead.

For a historical view of average and median home prices:

Frederick Md Real Estate

Frederick Md Real Estate

 

*MRIS – Metropolitan Regional Information System – These statistics are not guaranteed but are considered accurate.

Frederick Real Estate – 2013 Year In Review

Frederick Real Estate – 2013 Year In Review

Frederick Md Real Estate Market – 2013 – Year In Review

Real estate sales in Frederick is seeing a healthy recovery, good news for home owners. Buyers are also seeing more homes on the market this year, giving them more choices. Here are the year-end statistics:


Created with Haiku Deck, the free presentation app for iPad

For targeted statistics on neighborhoods and communities, contact Chris Highland * The Highland Group

 

Historic Look at Frederick Real Estate Market

Historic Look at Frederick Real Estate Market

A Historical view of the Frederick Md Real Estate Market

To understand current values and trends in the local Frederick Real Estate market, it’s very helpful to take a look at the last 5 years to see what the real trends are and just what they mean.

Comparing Closed Sales and Pending Sales

Frederick Md Real estate Closed Sales

Frederick Md Real Estate Market Statistics

 

Notes:  The cyclical, seasonal nature of real estate sales continues, no matter what kind of market we are in.  The years 2009 and 2010 were most likely higher in sales due to the First-Time Home Buyers Tax Credit.

Pendings Vs. Closed sales in Frederick Md

Notes:  Notice how in the last 2 years, the number of Pending sales (those that are under contract) is significantly higher than the number of closed sales, compared to the years 2006 to 2009. We have a higher number of contracts that never make it to settlement, mostly because of distressed sales, ie. short sales and foreclosures. Several months this year, as many as 25% of pending sales never made it to closing because of Appraisal issues.* [NAR stat].

Average and Median Sales Prices for Frederick Real Estate

Historic look at Frederick Real Estate

Average and Median home prices in Frederick County Maryland have decreased by double digit percentages from 2006 to 2008. From 2009 to present, prices have decreased by less than 5% per year. We definitely see the trend is stabilization.

Frederick Real Estate Inventory

Frederick md Real Estate

When inventory is significantly higher we saw a buyer’s market, now we are seeing a much more balanced market.  The Frederick Real Estate Market is relatively stable, remember:  All Real Estate is Local.

The Highland Group
eXp Realty
.
Frederick, Md 21704
301-401-5119