“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeWashington County, Maryland - Real Estate ...

Washington County, Maryland - Real Estate Trend Indicator

The Washington County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 197 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings. Buyers are looking for bargains in this soft market. The average sales price is 85.91% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and the REO properties are selling at discounted prices.

Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format

Washington County, MD

Roy Kelley, Associate Broker, RE/MAX Realty Group

Client Assistance: 301-670-8996

Email: roykelley@mris.com

Home Search Website: www.roykelley.com


From: 04/01/2008 to 04/30/2008 Statistics generated on: 05/07/2008

Residential
Unit Sales
Number of Bedrooms		 Active Listings Time on Market
Price Class 2
Or Less
3		 4
or More 		Condo
Coop		 Ground
Rent		 Residential
 Condo
Coop		 Ground
Rent		 of Units Sold
(No. of Units)
Under $100,000 1 3 0 0 0 37 0 5 1 -30 Days 19
$100,000 - 149,999 1 4 5 2 1 102 18 0 31-60 Days 11
$150,000 - 199,999 2 17 7 1 0 275 14 1 61 - 90 Days 6
$200,000 - 249,999 1 15 6 0 0 280 12 0 91-120 Days 7
$250,000 - 299,999 2 4 3 0 0 205 0 0 Over 120 Days 50
$300,000 - 349,999 0 2 6 0 0 121 3 0 Total 93
$350,000 - 399,999 0 1 2 0 0 118 0 0
$400,000 - 449,999 0 0 3 0 0 48 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 52 0 0
$500,000 - 599,999 0 0 2 0 0 53 0 0 Conventional 44
$600,000 - 699,999 0 0 0 0 0 33 0 1 FHA 16
$700,000 - 799,999 0 0 0 0 0 14 0 0 VA 6
$800,000 - 899,999 0 0 1 0 0 2 0 0 Assumption 14
$900,000 - 999,999 0 0 1 0 0 4 0 0 Cash 12
$1,000,000 - 2,499,999 0 0 0 0 0 7 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 2 0 0 All Other 1
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 7 46 36 3 1 1353 47 7 Total 93
Grand Totals 93 1407
2008 2007 % Change
Total Sold Dollar Volume: $ 21,911,671 $ 28,007,118 - 21.76 %
Average Sold Price: $ 235,609 $ 259,325 - 9.15 %
Median Sold Price: $ 200,900 $ 225,000 - 10.71 %
Total Units Sold: 93 108 - 13.89 %
Average Days on Market: 197 176 11.93 %
Average List Price for Solds: $ 274,251 $ 279,776 - 1.97 %
Avg Sale Price as a
percentage of Avg List Price:		 85.91 % 92.69 %
Total Number of NEW listings
taken for the month: 287

Total Number of Properties
marked Contract for the month: 91
Total Number of Properties
marked Contingent for the month: 36

Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 127

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

Please contact us if you have questions about the foreclosure process in Maryland. If you are searching for a property, please tell us about your specific needs. Please refer your friends that may wish to purchase a residence or investment property.

Posted Saturday May 10

Post a comment

Temporarily disabled — coming soon!