Frederick Real Estate Blog

Montgomery County Real Estate Market ~ April 2012

Chris & Karen Highland — Wed, 16 May 2012 14:10:00 GMT

M ontgomery County Md Real Estate Market Report Presented by The Highland Group R eal estate sales statistics for April 2012 have been published by MRIS *, here are the highlights: County-wide 2012 2011 % Change Avg. Price $464,400 $436,500 +6% Median Price $365,000 $350,450 +4% DOM 73 81 -10% # homes sold 872 837 +4% New Listings: 1461 Total Marked Contract: 459 Total Marked Contingent: 793 Total Pending (contract + contingent) 1252 Note: There are currently 2750 homes listed for sale in Montgomery...(read more)

Mt. Airy Real Estate Market Statistics for April 2012

Chris & Karen Highland — Tue, 15 May 2012 22:02:00 GMT

Mount Airy Real Estate Statistics provided by the Highland Group. Mt. Airy real estate statistics for April 2012 have been published by MRIS*. Here is the synopsis: * * * * * * Mount Airy 2012 2011 % Change Avg. Price $360,800 $309,900 +16% Median Price $302,500 $275,000 +10% DOM 174 169 +3% # homes sold 16 13 +23% New Listings: 57 Total Marked Contract: 15 Total Marked Contingent: 25 Total Pending (contract + contingent) 40 There are currently 159 homes on the market in Mount Airy, representing...(read more)

Thurmont Real Estate Market Statistics for April 2012

Chris & Karen Highland — Tue, 15 May 2012 17:02:00 GMT

Thurmont Real Estate market statistics provided by the Highland Group. MRIS* has published April's real estate statistics. Here is the synopsis: * * * * * * Thurmont 2012 2011 % Change Avg. Price $267,900 $202,500 +33% Median Price $227,800 $184,500 +23% DOM 69 188 -63% # homes sold 9 14 -36% New Listings: 19 Total Marked Contract: 7 Total Marked Contingent: 5 Total Pending (contract + contingent) 12 There are currently 56 homes on the market in Thurmont, representing roughly an absorption rate...(read more)

New Market Real Estate Market Statistics ~ April 2012

Chris & Karen Highland — Tue, 15 May 2012 14:46:00 GMT

New Market Real estate market statistics provided by The Highland Group. MRIS* has published market statistics for March 2012, Here is the synopsis: * * * * * * New Market 2012 2011 %Change Avg. Price $298,400 $321,800 -7% Median Price $291,500 $315,000 -7% DOM 127 161 -21% # homes sold 15 14 +7% New Listings: 29 Total Marked Contract: 6 Total Marked Contingent: 13 Total Pending (contract + contingent) 19 There are currently 68 homes for sale in New Market, representing roughly a 3-5 month absorption...(read more)

Walkersville Real Estate Statistics ~ April 2012

Chris & Karen Highland — Mon, 14 May 2012 21:41:00 GMT

Walkersville Real Estate Market Statistics provided by the Highland Group - MRIS* has published real estate statistics for the month of April 2012 , here are the highlights: Walkersville 2012 2011 % Change Avg. Price $216,200 $239,200 -10% Median Price $196,500 $262,000 +25% DOM 254 106 +140% # homes sold 6 10 -40% New Listings: 9 Total Marked Contract: 7 Total Marked Contingent: 4 Total Pending (contract + contingent) 11 There are currently 20 homes on the market in Walkersville. This represents...(read more)

Middletown Md Real Estate Statistics ~ April 2012

Chris & Karen Highland — Mon, 14 May 2012 17:31:00 GMT

Real Estate Statistics for Middletown Md - provided by The Highland Group - Frederick Md Realtors. MRIS* has published real estate market statistics for April 20112, here are the highlights: Middletown 2012 2011 % Change Avg. Price $340,200 $366,100 -7% Median Price $305,000 $450,000 -32% DOM 94 153 -39% # homes sold 9 7 +29% New Listings: 18 Total Marked Contract: 5 Total Marked Contingent: 15 Total Pending (contract + contingent) 20 There are currently 53 homes on the market in Middletown, representing...(read more)

Urbana Md Real Estate Statistics ~ April 2012

Chris & Karen Highland — Mon, 14 May 2012 14:25:00 GMT

Real Estate Statistics for Urbana Md - provided by The Highland Group - Frederick Md Realtors. MRIS* has published real estate market statistics for April 2012, here are the highlights Urbana 2012 2011 % Change Avg. Price $346,800 $352,700 -2% Median Price 326,000 350,000 -6% Da ys O n M arket 88 106 -17% # homes sold 24 17 +41% New Listings: 28 Total Marked Contract: 10 Total Marked Contingent: 5 Total Pending (contract + contingent) 15 There are currently 50 homes on the market in Urbana, which...(read more)

City of Frederick Real Estate Market Report for April 2012

Chris & Karen Highland — Sat, 12 May 2012 14:05:00 GMT

Frederick Md Real Estate Statistics provided by The Highland Group Statistics for April 2012 have been published by MRIS*. Here are the highlights for the three zip codes in the City of Frederick : 21701 2012 2011 % Change Avg. Price $202,000 $225,100 -10% Median Price $194,000 $212,500 -9% D ays O n M arket 111 101 +10% # homes sold 37 44 -16% New Listings: 78 Total Marked Contract: 25 Total Marked Contingent: 46 Total New Pending (contract + contingent) 71 The inventory is 165 active listings in...(read more)

Frederick County Real Estate Market Statistics for April 2012

Chris & Karen Highland — Fri, 11 May 2012 15:32:00 GMT

Frederick County Real Estate Market Report for April 2012 provided by the Highland Group, Statistics have been published by MRIS* Here are the highlights: County-wide 2012 2011 % Change Avg. Price $260,000 $239,500 +9% Median Price $236,000 $210,000 +12% D ays O n M arket 108 125 -15% # homes sold 212 215 -1% New Listings: 401 Total Marked Contract: 121 Total Marked Contingent: 185 Total Pending (contract + contingent) 306 Notes: There are currently 904 homes on the market in Frederick County, up...(read more)

Price Reduced on 5703 Nottingham Place in Adamstown

Chris & Karen Highland — Wed, 09 May 2012 14:58:00 GMT

Adamstown, Frederick - Announcing a price reduction on 5703 Nottingham Place, a 3,390 sq. ft., 3 bath, 4 bdrm 3 story "Colonial". Now MLS® $415,000 - Short Sale.

Property information

Price Reduced on 15422 Conrad Spring Rd in Branch Hill

Chris & Karen Highland — Wed, 09 May 2012 14:27:00 GMT

Branch Hill, Boyds - Announcing a price reduction on 15422 Conrad Spring Rd, a 4,000 sq. ft., 3 bath, 5 bdrm 3 story. Now MLS® $725,000 - Reduced!.

Property information

Price Reduced on 28 All Saints St W. in Historic District

Chris & Karen Highland — Sat, 05 May 2012 14:00:00 GMT

Historic District, Frederick - Announcing a price reduction on 28 All Saints St W., a 2,200 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $285,000 - Reduced!.

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New Frederick Listing: 7975 Parkland Place in Waterside

Chris & Karen Highland — Thu, 03 May 2012 14:20:00 GMT

Waterside, Frederick - Announcing a new listing... 7975 Parkland Place, a 1,900 sq. ft., 2 bath, 3 bdrm 3 story. MLS® $220,000 - Well-priced, quality Ausherman-built townhouse. Backs to common ground and to the Monocacy River. This is a short sale.

Property information

6613 Jefferson Blvd in Braddock Estates is Sold!

Chris & Karen Highland — Tue, 01 May 2012 14:03:00 GMT

Braddock Estates, Braddock Heights - The single story at 6613 Jefferson Blvd has been sold. The home was a short sale, and after 2 buyers backed out while waiting for the third party response, the third buyer won the prize! Their patience paid off.

The home was finally listed at $225,000, after 2 reductions, and the buyers got the home for $215,000. What a great home for a great price, congratulations to the lucky buyers.

This short sale was probably the most difficult we've had... very uncooperative lender. That has been unusual, as most banks are really catching on to the positives of the short sale process for their bottom line. But we prevailed, with the help of some very professional title agents, thanks Salsbury & McLister!

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Five Tips for Making A Mortgage Application

Chris & Karen Highland — Sun, 29 Apr 2012 14:10:00 GMT

Here are 5 helpful tips for making a mortgage application with a happy ending: 1. Before making application, do everything you can to shore up your credit scores. If you see an error on your report, get it corrected immediately. If you've made a late payment, contact the creditor to see if you can resolve the issue. 2. Be prepared with documentation when you apply. At the first meeting with the lender, they'll give you a list of items you'll need to bring when you make loan application....(read more)

Underwriting Explained

Chris & Karen Highland — Wed, 25 Apr 2012 14:43:00 GMT

After you've spoken to a lender, been pre-qualified, contracted a home you love and made a mortgage application... then comes Underwriting. What is underwriting exactly? What is entailed in the process of underwriting? Let me explain with some definitions I've collected over the years: Underwriting is the process a lender uses to determine if the risk of offering a mortgage to a specific borrower under certain guidelines is acceptable. Most of the risks considered by the underwriter fall...(read more)

Carroll County Real Estate Report - March 2012

Chris & Karen Highland — Sun, 22 Apr 2012 17:43:00 GMT

Carroll County Md Real Estate Market Report Presented by The Highland Group R eal estate sales statistics for for March 2012 have been published by MRIS *, here are the highlights: County-wide 2012 2011 % Change Avg. Price $274,400 $265,500 +3% Median Price $255,000 $221,400 +15% DOM 176 214 -18% # homes sold 103 85 +21% New Listings: 280 Total Marked Contract: 107 Total Marked Contingent: 73 Total Pending (contract + contingent) 180 Note: There are currently 880 homes listed for sale in Carroll...(read more)

Washington County Real Estate Report - March 2012

Chris & Karen Highland — Sun, 22 Apr 2012 14:32:00 GMT

Washington County Md Real Estate Market Report Presented by The Highland Group R eal estate sales statistics for for March 2012 have been published by MRIS *, here are the highlights: County-wide 2012 2011 % Change Avg. Price $145,800 $135,500 +8% Median Price $125,000 $116,000 +8% DOM 121 146 -17% # homes sold 97 93 +4% New Listings: 206 Total Marked Contract: 72 Total Marked Contingent: 66 Total Pending (contract + contingent) 138 Note: There are currently 642 homes listed for sale in Washington...(read more)

Montgomery County Md Real Estate Report - March 2012

Chris & Karen Highland — Sat, 21 Apr 2012 14:14:00 GMT

Montgomery County Md Real Estate Market Report Presented by The Highland Group R eal estate sales statistics for for March 2012 have been published by MRIS *, here are the highlights: County-wide 2012 2011 % Change Avg. Price $436,900 $456,700 -3% Median Price $345,000 $332,450 +4% DOM 90 92 -2% # homes sold 730 756 -3% New Listings: 1680 Total Marked Contract: 441 Total Marked Contingent: 814 Total Pending (contract + contingent) 1255 Note: There are currently 2630 homes listed for sale in Montgomery...(read more)

Thurmont Real Estate Report - March 2012

Chris & Karen Highland — Fri, 20 Apr 2012 14:43:00 GMT

Thurmont Real Estate market statistics provided by the Highland Group. MRIS* has published March's real estate statistics. Here is the synopsis: * * * * * * Thurmont 2012 2011 % Change Avg. Price $140,000 $231,400 -39% Median Price $140,100 $181,000 -23% DOM 115 125 -8% # homes sold 4 6 -33% New Listings: 18 Total Marked Contract: 3 Total Marked Contingent: 9 Total Pending (contract + contingent) 12 There are currently 46 homes on the market in Thurmont, representing roughly an absorption rate...(read more)

New Market Real Estate Report - March 2012

Chris & Karen Highland — Thu, 19 Apr 2012 18:12:00 GMT

New Market Real estate market statistics provided by The Highland Group. MRIS* has published market statistics for March 2012, Here is the synopsis: * * * * * * New Market 2012 2011 %Change Avg. Price $350,100 $325,600 +8% Median Price $321,250 $299,900 +7% DOM 107 114 -6% # homes sold 18 13 +38% New Listings: 30 Total Marked Contract: 12 Total Marked Contingent: 11 Total Pending (contract + contingent) 23 There are currently 56 homes for sale in New Market, representing roughly a 3-5 month absorption...(read more)

Walkersville Real Estate Report for March 2012

Chris & Karen Highland — Mon, 16 Apr 2012 19:00:00 GMT

Walkersville Real Estate Market Statistics provided by the Highland Group - MRIS* has published real estate statistics for the month of February 2012 , here are the highlights: Walkersville 2012 2011 % Change Avg. Price $238,500 $188,800 +26% Median Price $217,500 $180,400 +21% DOM 125 47 +166% # homes sold 12 7 +71% New Listings: 13 Total Marked Contract: 6 Total Marked Contingent: 3 Total Pending (contract + contingent) 9 There are currently 21 homes on the market in Walkersville. This represents...(read more)

Middletown Real Estate Market Report for March 2012

Chris & Karen Highland — Mon, 16 Apr 2012 13:43:00 GMT

Real Estate Statistics for Middletown Md - provided by The Highland Group - Frederick Md Realtors. MRIS* has published real estate market statistics for March 20112, here are the highlights: Middletown 2012 2011 % Change Avg. Price $357,800 $381,700 -6% Median Price $386,450 $372,500 +4% DOM 136 121 +12% # homes sold 6 10 -40% New Listings: 19 Total Marked Contract: 5 Total Marked Contingent: 6 Total Pending (contract + contingent) 11 There are currently 57 homes on the market in Middletown, representing...(read more)

Urbana Real Estate Market Report for March 2012

Chris & Karen Highland — Mon, 16 Apr 2012 13:31:00 GMT

Real Estate Statistics for Urbana Md - provided by The Highland Group - Frederick Md Realtors. MRIS* has published real estate market statistics for March 2012, here are the highlights Urbana 2012 2011 % Change Avg. Price $407,900 $359,100 +14% Median Price 380,400 303,000 +26% Da ys O n M arket 66 102 -35% # homes sold 15 19 -21% New Listings: 29 Total Marked Contract: 11 Total Marked Contingent: 27 Total Pending (contract + contingent) 38 There are currently 48 homes on the market in Urbana, which...(read more)

City of Frederick Real Estate Market Report for March 2012

Chris & Karen Highland — Sat, 14 Apr 2012 15:10:00 GMT

Frederick Md Real Estate Statistics provided by The Highland Group Statistics for March 2012 have been published by MRIS*. Here are the highlights for the three zip codes in the City of Frederick : 21701 2012 2011 % Change Avg. Price $227,800 $229,400 -1% Median Price $200,000 $205,500 -3% D ays O n M arket 107 140 -24% # homes sold 45 36 +25% New Listings: 78 Total Marked Contract: 28 Total Marked Contingent: 41 Total New Pending (contract + contingent) 69 The inventory is 167 active listings in...(read more)