Avery-Hess, Realtors Blog » Frederick County

Urbana, MD Market Report – 1/18/10

Amit Kulkarni — Mon, 18 Jan 2010 21:13:15 +0000

Urbana is a mix of older single family houses on large lots and the newer Urbana Town Center homes with village clustering. Urbana, which is located on the southern edge of Frederick County, is located within close-proximity to both the employment centers around the City of Frederick as well as down I-270 into the biotech corridor of Montgomery County.

The following is a summary of the housing market conditions in Urbana, Maryland.

Homes for sale: 72
Closed sales: 10
Average sold price: $345,080
Average Days on market: 52

Prices in Urbana are still about 13% below where they were one year ago, but we are seeing the trend of prices on the rise. The number of houses available for sale is 25% lower compared to the same time last year, and the time it takes to sell a house is about half as long as it was one year ago.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Urbana, and all of the DC Metro: www.averyhess.com

Frederick County, MD Market Report – 10/2/09

Amit Kulkarni — Fri, 02 Oct 2009 20:48:47 +0000

The following statistics represent the market in Frederick County, MD:

Homes for sale: 372
Homes sold: 246
Average sales price: $265,000
Average DOM: 117

At the same time in 2008 there were 445 homes for sale, as opposed to 372 this year. In one year the standing inventory for sale has been reduced 17%. With the drop in the average sales price in a year from $300,000 to $265,000 combined with the low mortgage rates in the low 5% range, affordability has soared for buyers in this market.

Meanwhile, a year ago homes took an average of 139 days to sell, but this year for the same period it is only taking 117.

Many of the residents of Frederick County commute to Montgomery County and Washington DC using the excellent public transportation and adequate road system.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Frederick County, and all the DC Metro: www.averyhess.com

Frederick County, MD Market Report – 9/10/09

Amit Kulkarni — Thu, 10 Sep 2009 20:23:40 +0000

The figures below represent the housing market for Frederick County, Maryland.

New listings: 440
Under contract: 305
Total sold: 261
Average sale price: $261,992
Average days on market: 116

Though Frederick County, Maryland lies northwest of Montgomery County, it is drawing interest as another suburb of the District of Columbia, especially for buyers entering the area. Much of the appeal is due to more affordable housing and the availability of rail transportation.

The average sales price in the county has dropped about 20% from this time last year, but the total units sold has gone up almost 40%. This not only shows the increased desirability of the area, but also the number of foreclosures available. Homes are staying on the market about the same amount of time as last year, about 5% less, while the supply of homes available has decreased by 28%.

Market data and commentary provided by Ginny Gunther, Managing Broker, Avery-Hess, Realtors.

Search for Homes in Frederick County, and all the DC Metro: www.averyhess.com