Mount Airy, MD 2/1/12

01 Feb
February 1, 2012

Mount  Airy is centrally located, just north of Washington, D.C., west of Baltimore, south of Gettysburg, and east of Frederick. Interstate 70 borders our town and provides easy access to larger cities and major employment centers in Washington, D.C., Maryland and Northern Virginia.  It encompasses 4 of Maryland’s counties – Carroll, Montgomery, Frederick and Howard.

People love the small-town charm of Mount Airy with its quaint historic buildings and welcoming atmosphere.  Their slogan is Stop, Shop and Stroll and it is easy to do all of those things on Main Street in the older part of the town.

Stroll along Main Street and take time to eat in one of the many excellent restaurants or shop for fresh fruits and vegetables at the Farmer’s Market during the spring and summer months.  Teens love to shop for vintage clothing as well as one of kind gowns at Deja Vu.

Downtown Mount Airy displays the small-town charm with quaint historic buildings and a welcoming atmosphere. It takes you back to a time long past, away from the hustle and bustle of the city.

Options for housing range from the older Victorian houses to newer golf course communities.

The housing market in Mount Airy continues to improve – take advantage of the prices now and return to small town living in this lovely area of Maryland.

The Market report this week is focusing on the Montgomery County section of this tri-county area.

December 2011 Real Estate Market Statistics for:  21771 Mount Airy, MD

 

Statistic Values YoY MoM
Total Sold Dollar Volume $4,844,200 -8.56% -26.51%
Closed Sales 13 0% -35%
Median Sold Price $377,330 +4.84% +20.28%
Avg Sold Price $372,631 -8.56% +13.06%
Avg Days on Market 140 days +26.13% -11.39%
Avg Sold to Orig List Ratio 93.27% +2% +1.16%

Average Sold Prices are down -8.56% to $372,631 over $407,522 this same time last year.  Days on the Market continue to increase up +13%, to 140 days in Dec ’11 comparing to 111 in Dec ’10.  This along with the number New Pending Sales down -29% shows a struggling housing market.

Sellers who have found a buyer have had to price their homes very competitively.   The small shimmer of light is that Median Sold Price; Average Days on Market and Average Sold to Original List Price have improved in the last 30 days.

With the spring market around the corner I do predict a slight increase in activity through June – prices overall will remain flat.  If you are interested in becoming a part of the Mount Airy community, this is your chance to find a very nice home at a VERY REASONABLE PRICE.

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

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

Tags: ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply