Spring Ridge Neighborhood Real Estate Report

Frederick Neighborhood Report: Spring Ridge Second Quarter 2017

provided by the Highland Group

The Summer Ridge real estate report is for the second quarter 2017. Spring Ridge is a planned community, a large neighborhood in east Frederick that offers Single-family houses, townhouses and condominiums, as well as an apartment complex for active adults.

Spring Ridge Boundaries:

The community is located directly from Route 144, Old National Pike, east of the Monocacy River. There are two entrances from Route 144, the main entrance into the market district, and the secondary entrance which accesses Spring Ridge Elementary School.

• East: Bordered by Meadow Road
• West: Monocacy River
• North: Linganore Creek and Lake Linganore
• South: Route 144

Spring Ridge is in the Frederick city limits, the I-70 access is less than a mile east on Rte. 144, making an easy commute to Baltimore and places east. Commuting south to Montgomery County is easy with access to I-270. Close to downtown Frederick, a quick 5 minute drive. Close to Pinecliff Park and the Monocacy River.

Spring Ridge Community Schools

A portion of Spring Ridge students attend the Governor Thomas Johnson High School feeder schools, a portion attend Oakdale High School feeder system. Consult the Frederick County Public School website for details.
Spring Ridge Elementary School, Oakdale Middle School, Gov. Thomas Johnson Middle

Spring Ridge Community Information:

Spring Ridge has a market district, with a Weis grocery store anchoring the commercial strip. Currently, there is a beer & wine store, a restaurant, gas station, and fire station, and more.

Spring Ridge Community also has a professional park, with several medical professionals, dental service, chiropractic, financial services and more.

Learn more about the Spring Ridge Community: Homes for sale in Spring Ridge

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What’s My Spring Ridge Home Worth?

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Spring Ridge, Frederick Md Real Estate Information:

Spring Ridge consists of almost 1400 homes, 820 single-family homes and 570 townhouses. There are 4 sub-associations within Spring Ridge. Spring Ridge Condominium, Hampton Court I and Hampton Court II Condominiums total 22 buildings with a total of over 300 condos.

The majority of homes in Spring Ridge are Colonial and traditional floor plans, built between the years 1990 and 2002. Most homes were built by Kettler Forlines, Lovell Regency, NVR Homes, Regency, and Rivermead.

Spring Ridge Real Estate Market Information:

Real estate market data from the second Quarter of 2017:

• Number of homes sold, 31 total: 13 single-family; 14 townhouses; 4 condominiums; last year
• Average Price of single-family homes sold: $459,854   UP 7% from last year, $428,339, the same as last quarter.
• Average DOM (Days on Market) for Single-family homes: 24
• Average Price of townhouses sold: $274,086 ; Up 1% from last quarter, and down 1% from last year
• Average DOM for townhouses: 30
• $172,475… $172,501 for condominiums; the same as this time last year.
• Average DOM for condos: 25
• Median price of homes sold: $475,000, (up from $460,000 last quarter) for single-family homes;  $267,000, (up from $255,000 last quarter) for townhouses; $174,900, (up from $172,200) for condos;
• Sold Price as Percent of List Price: Single-family homes – 99.4%, townhouses – 99.7%, condos – 99.5%. The fact that homes are selling for nearly 100% of list price, on average, is a sign of strong demand, and a healthy, appreciating market in Spring Ridge.
• There were 11 out of 31 homes that sold for 100% or more of list price at time of sale.
• There were 19 seller subsidies.

Notes on statistics: The demand for  homes in Spring Ridge Community was the same as the second quarter 2016. Prices have leveled off for townhouses and condos, but Single-family homes saw a considerable gain of 7%.

Homes Currently for sale in Spring Ridge Community

There are currently 15 homes on the market:

• 7 single-family homes, average list price: $479,114
• 3 condominiums, average list price: $171,933
• 5 townhouses, average list price: $283,940

Homes for sale in Spring Ridge:

See all Real estate matching your search.
(all data current as of 8/21/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Use our Advanced Search to see Spring Ridge Real Estate

What’s My Spring Ridge Home Worth?

See Spring Ridge Real Estate Market Trends

For more information on Spring Ridge or the Spring Ridge real estate market, please contact Chris Highland at Turning Point Realt Estate: 301-401-5119; email:

Enjoy our Spring Ridge Neighborhood Video:

Summary

Article Name

Spring Ridge Real Estate Report

Description

Spring Ridge Neighborhood Real Estate Market report in the recent quarter, single-family homes, townhouses, condos, neighborhood information & statistics

Author

Karen Highland

Publisher

the Highland Group with eXp Realty

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