| 21701 | 2011 | 2010 | % Change |
| Avg. Price | $205,000 | $267,300 | -23%
|
| Median Price | $187,500 | $262,700 | -29% |
| DaysOnMarket | 119
| 128
| -7% |
| # homes sold | 23
| 30
| -23% |
| New Listings: | 55
|
| Total Marked Contract: | 23
|
| Total Marked Contingent: | 17
|
| Total Pending (contract + contingent) | 40
|
The
inventory is 251 active listings in the zip code, which represents
roughly a 6-7 month absorption rate. Sellers are getting an average 90%
of list price, compared to 93% one year ago. 22% of sales last month were cash deals, higher than the usual 5-7%.
* * * * *
| 21702 | 2011 | 2010 | % Change |
| Avg. Price | $255,600 | $204,300 | +6% |
| Median Price | $207,500 | $191,500 | +8% |
| DOM | 43
| 77
| -44% |
| # homes sold | 20
| 29
| -31% |
| New Listings: | 50
|
| Total Marked Contract: | 16
|
| Total Marked Contingent: | 21
|
| Total Pending (contract + contingent) | 37
|
There
are currently 210 active listings in the zip code, representing roughly
a 6-7 month inventory. Sellers got 95% of list price on average,
compared to 88% last year. 30% of sales last month were cash deals.
* * * * * *
| 21703 | 2011 | 2010 | % Change |
| Avg. Price | $190,600 | $178,700 | +7% |
| Median Price | $155,000 | $165,000 | -6% |
| DaysOnMarket | 77
| 64
| +20% |
| # homes sold | 25 | 31
| -19% |
| New Listings: | 32 |
| Total Marked Contract: | 17
|
| Total Marked Contingent: | 12
|
| Total Pending (contract + contingent) | 29
|
This
zip code shows 175 active listings, representing roughly a 7-8 month
inventory. Sellers got an average of 90% of list price this
month, compared to 89% this time last year. 24% of sales last month were cash deals.
Notes: The inventory has decreased, typical of the
season. In 21702 and 21703, the average and median sale price was up
over last month as well as last year. 21701… not so much, a reversal of
last month’s bump in sales and average price..
* * * * * *
Compare to City of Frederick Real Estate Market Report for December 2010
______________________________________________________________
To see homes on the market, use our free MLS search, or contact us
for information about the Frederick Real Estate Market or the
Montgomery County Real Estate
Market.
_________________________________________________________
The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119