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HomeZIP Code: 21713 Boonsboro, MD - Real Estat...

ZIP Code: 21713 Boonsboro, MD - Real Estate Market Trends

The residential market in Boonsboro not as slow as some of the other areas in the region. In 21713, the average days on the market before a sale has reached 131. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning dows listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 87.89% of the average list price. The majority of sellers are getting lower sales prices than they expected. Lender owned foreclosures are competing with individual sellers. The REO inventory is high and lenders are motivated sellers because they must reduce their excess inventory of homes. This is a wonderful market for buyers.

Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 21713 Boonsboro, MD

Roy Kelley, Associate Broker, RE/MAX Realty Group, roykelley@mris.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 0 0 0 0 0 0 0 0 1 -30 Days 0
$100,000 - 149,999 0 0 1 0 0 1 0 0 31-60 Days 1
$150,000 - 199,999 0 0 0 0 0 3 0 0 61 - 90 Days 1
$200,000 - 249,999 0 2 0 0 0 11 0 0 91-120 Days 1
$250,000 - 299,999 0 0 0 0 0 8 0 0 Over 120 Days 2
$300,000 - 349,999 0 0 2 0 0 8 0 0 Total 5
$350,000 - 399,999 0 0 0 0 0 11 0 0
$400,000 - 449,999 0 0 0 0 0 6 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 0 0 0 4 0 0
$500,000 - 599,999 0 0 0 0 0 6 0 0 Conventional 2
$600,000 - 699,999 0 0 0 0 0 4 0 1 FHA 0
$700,000 - 799,999 0 0 0 0 0 4 0 0 VA 1
$800,000 - 899,999 0 0 0 0 0 1 0 0 Assumption 1
$900,000 - 999,999 0 0 0 0 0 1 0 0 Cash 1
$1,000,000 - 2,499,999 0 0 0 0 0 2 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 1 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 2 3 0 0 71 0 1 Total 5
Grand Totals 5 72
2008 2007 % Change
Total Sold Dollar Volume: $ 1,274,050 $ 1,426,500 - 10.69 %
Average Sold Price: $ 254,810 $ 285,300 - 10.69 %
Median Sold Price: $ 243,550 $ 250,000 - 2.58 %
Total Units Sold: 5 5 0.00 %
Average Days on Market: 131 118 11.02 %
Average List Price for Solds: $ 289,915 $ 307,780 - 5.80 %
Avg Sale Price as a
percentage of Avg List Price:		 87.89 % 92.70 %
Total NEW listings: 14
Total Properties Marked Contract: 6
Total Properties Marked Contingent Contract: 2
Total NEW pendings (Contracts + Contingents): 8

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

Posted Wednesday May 14

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