Frederick County, MD 5/31/11

31 May
May 31, 2011

The Real Estate Market in Frederick, MD is a mixed bag of statistics (see charts below).  With four zip codes: 21701, 21702, 21703, and 21704, to cover – the news is not as positive as I would like.  For the most part all categories are down over this time last year.  But if you remember, the Spring of 2010; The Fed did artificially stimulate the market, with the First Time Home Buyer Tax Credit.

If we compare these numbers with last month (March 2011): robust improvements can be found in all but one zip code in Frederick.  The SOLD Dollar Volume numbers for April 2011 of this year have shown significant improvements over last month, jumping as much as +68.96% in  21703.

With interest rates in the 4% range – Buyers are out there! When the numbers for May 2011 are posted, for Frederick, Maryland, I expect even more improvement.

 

April 2011 Real Estate Market Statistics for: 21701 Frederick, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $9,904,059 -25.66% +19.94%
Closed Sales 44 -16.98% +22.22%
Median Sold Price $212,454 -8.03% +3.38%
Avg Sold Price $225,092 -10.46% -1.87%
Avg Days on Market 101 days -5.61% -27.86%
Avg Sold to Orig List Ratio 90.03% -4.46% -2.98%

 

April 2011 Real Estate Market Statistics for: 21702 Frederick, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $4,895,895 -57.88% -41.66%
Closed Sales 27 -48.08% -27.03%
Median Sold Price $169,000 -13.97% -17.56%
Avg Sold Price $181,329 -18.88% -20.05%
Avg Days on Market 100 days +26.58% -9.91%
Avg Sold to Orig List Ratio 90.81% -5.59% -1.56%

 

April 2011 Real Estate Market Statistics for: 21703 Frederick, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $8,819,050 -33.83% +68.96%
Closed Sales 52 -17.46% +67.74%
Median Sold Price $162,000 -15.14% +4.52%
Avg Sold Price $169,597 -19.83% +0.73%
Avg Days on Market 93 days +24% -7.92%
Avg Sold to Orig List Ratio 87.77% -8.83% +0.05%

 

April 2011 Real Estate Market Statistics for: 21704 Frederick, MD

Statistic Values YoY MoM
Total Sold Dollar Volume $5,996,250 -5.16% -12.12%
Closed Sales 17 +6.25% -10.53%
Median Sold Price $350,000 -21.17% +15.51%
Avg Sold Price $352,721 -10.74% -1.78%
Avg Days on Market 106 days +140.91% +3.92%
Avg Sold to Orig List Ratio 92.31% -6.88% -3.23% 

 

 

There is so much to do in Frederick that it is hard to know where to begin.  Civil War battlefields, parks, museums, wineries, zoos, minor league ballgames, historic sites, antique shops, farm markets and more.

Not far from DC, the drive up 270 from the Washington suburbs is an easy one. As you near the Frederick area, you will see why so many people choose to live here – the view as you crest the rise on 270 is a spectacular one, with mountains in the background and the city spread out before you.  You might like it so much you won’t want to leave!

Market data and commentary provided by Kathy Fleskes & Serena Toro, Rockville Regional Office.

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

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