Adamstown and Urbana Real Estate Market Report: October 2008

Published 13 November 08 07:38 PM | Chris & Karen Highland 

Urbana has seen some sales this month:

Urbana Market Statistics:                   2008                    2007              ChangeFrederick Real Estate Sales Statistics

Total Sold $ Volume:                         $4,891,690          $5,173,201           -5%
Avg. Sold Price:                                     376,284               431,100          -13%
Median Sold Price:                                 340,000               380,000          -10.5%
Total Units Sold:                                      13                          12             +8%
Avg. Days on Market                                91                         105             -13%
Avg. Sold price as % of list price:              95.5%                    97%
New Listings this month:                           27
New pending sales this month:                  12
                 

Adamstown almost doesn't get to have statistics for last month...only 1 house sold:(  But then, looking closer, only 2 houses sold in October 2007. Last year 2 houses took an average of 69 days to sell for 92.5% of list price, this year 1 house took 44 days to sell for 89% of list price.

See County-wide Market Statistics at Frederick County Real Estate Market Statistics for October 2008.

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              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
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# Frederick County Real Estate Information said on December 10, 2008 8:32 PM:

Urbana Market Statistics: 2008 2007 Change Total Sold $ Volume: $3,770,761 $4,029,800 -6% Avg. Sold Price:

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About Chris & Karen Highland

We’re Chris and Karen Highland, The Highland Real Estate Group. We’ve lived in the Frederick area for over 18 years and are raising our 4 children here. We’ve seen many communities built where there once was farmland. We love the “small-city yet large-town” atmosphere of Frederick, the quality of life, and the affordability we’ve found here. I've been selling real estate in Central Maryland for almost 16 years. Karen has been helping me over the years in different capacities, as an assistant, then as a buyer’s agent. For a year, I managed an office and Karen took over the bulk of the business. It was a great experience for both of us. I managed 90+ agents and saw more contracts come over my desk than the previous 14 years combined! Now I'm back, running the business and Karen is running the office, and blogging and marketing. With each new year comes a different kind of market and new challenges. In this present market, we face many challenges with mortgage problems, distressed properties and the credit crunch. I've gotten a nationally recognized certification , CDPE, Certified Distressed Properties Expert, to equip me to help homeowners in distress. I'll be blogging about a lot of these issues and about all kinds of real estate topics. Karen and I always have something to say! Join us in our online, ongoing conversation about Frederick Real Estate