Middletown and Myersville Real Estate Sales Statistics for October 2008

Published 13 November 08 09:01 PM | Chris & Karen Highland 

Middletown and Myersville had real estate market numbers that differed this month:

Middletown Statistics:                   2008              2007               Change

Total Sold $ Volume:                   $2,136,000       $3,368,750          -36.5%
Average Sold Price:                         534,000            421,094          +27%
Median Sold Price                            546,00             406,250          +34.5%
Total Units sold:                                 4                          8               -50%
Avg. Days on Market:                        80                       198              -60%
Avg. sale price as % of list price:        91.5%                 88%
New listings this month:                     25
New pending sales this month:            9

** Middletown was the move-up hub of the Frederick County Market this month.

Myersville Statistics:    

Total Volume:                      $1,851,915           $1,350,000             +37%
Avg. Sold Price:                       370,383                 450,000             -18% 
Median Sold Price:                   430,000                 290,000            +48%
Total Units Sold:                               5                         3                +67% 
Avg. Days on Market                       251                      253                 
Avg. Sale Price as % of list Price:     88%                      70%          
New Listings this month:                    7                      
Total New Pending Sales this month:   3     

**Looks like Myersville was also the move-up hub, with a drop in price that 5 people couldn't resist.     

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

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                           Chris & Karen Highland 
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# Frederick County Real Estate Information said on December 10, 2008 8:13 PM:

The sales in Middletown in November, like the rest of Frederick County, slowed down substantially. Most

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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