Joppa, Maryland (21085) Real Estate Housing Market Report - December 2008 - Harford County Homes for sale

WHAT IS HAPPENING IN THE JOPPA, MARYLAND REAL ESTATE HOUSING MARKET?

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

ZIP Code: 21085 Joppa, MD
From: 12/01/2008 to 12/31/2008 Statistics generated on: 01/07/2009

	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	1
$100,000 - 149,999	0	0	0	0	0	2	0	0	31-60 Days	1
$150,000 - 199,999	0	0	0	0	0	13	1	0	61 - 90 Days	2
$200,000 - 249,999	0	3	1	0	0	10	5	0	91-120 Days	2
$250,000 - 299,999	0	1	4	0	0	17	2	0	Over 120 Days	5
$300,000 - 349,999	0	1	1	0	0	18	0	0	Total	11
$350,000 - 399,999	0	0	0	0	0	12	0	0
$400,000 - 449,999	0	0	0	0	0	1	0	0	Type of Financing of Units Sold (No. of Units)
$450,000 - 499,999	0	0	0	0	0	4	0	1
$500,000 - 599,999	0	0	0	0	0	11	0	0	Conventional	7
$600,000 - 699,999	0	0	0	0	0	2	0	0	FHA	2
$700,000 - 799,999	0	0	0	0	0	1	0	0	VA	1
$800,000 - 899,999	0	0	0	0	0	1	0	0	Assumption	0
$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	0	0	0	Owner Finance	0
$2,500,000 - 4,999,999	0	0	0	0	0	0	0	0	All Other	0
$5,000,000 & Over	0	0	0	0	0	0	0	0	Unreported	0
Totals	0	5	6	0	0	93	8	1	Total	11
Grand Totals	11	102

2008 2007 % Change Total Sold Dollar Volume: $ 2,845,500 $ 1,129,000 152.04 % Average Sold Price: $ 258,682 $ 225,800 14.56 % Median Sold Price: $ 250,000 $ 255,000 - 1.96 % Total Units Sold: 11 5 120.00 % Average Days on Market: 165 101 63.37 % Average List Price for Solds: $ 295,867 $ 305,340 - 3.10 % Avg Sale Price as a percentage of Avg List Price: 87.43 % 73.95 %

Total NEW listings: 11 Total Properties Marked Contract: 6 Total Properties Marked Contingent Contract: 1 Total NEW pendings (Contracts + Contingents): 7

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

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WHAT DOES THIS DATA SUGGEST? (IN MIKE'S OPINION)

There is mostly good news! It appears that the Joppa Real Estate Housing Market in Harford County Maryland is one of the few areas that has seen a significant increase in just about everything: Total volume up over 150%, Total Units up over 120%, Average Sold Price up over 14%. The bad news is the days on the market are up over 65%. I have two theories on why this area's numbers are higher than everyone elses. One is that the starting of the brac migration of people from Fort Monmouth, New Jersey is helping move these numbers back up. The other theory I have is that there has been more New Construction in this area than many others. It will take time to see whether or not these are just artificially high numbers or if this is the HOT AREA TO MOVE TO!

REMEMBER REAL ESTATE IS LOCAL, NOT NATIONAL! If you need want an opinion about your personal situation, CONTACT AN AGENT IN YOUR AREA who knows your area!

To check your own zip code statistics in Maryland to see what is selling in your area, feel free to visit:
http://www.mris.com/reports/stats/zip_stats.cfm

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If you are considering listing and selling your Baltimore County or Harford County Maryland real estate, I can provide a FREE HOME EVALUATION REPORT also known as a Comparative Market Analysis Report (CMA). The report will detail all of the Baltimore County or Harford County homes comparable to yours that have recently SOLD in your immediate market area! CLICK HERE TO GET YOUR FREE BALTIMORE COUNTY OR HARFORD COUNTY MARYLAND HOME VALUE REPORT AND TELL ME A LITTLE ABOUT YOUR HOME!

Are you searching for a new place to call home in MD, PA, VA, DC, or WVA? Then CLICK HERE FOR A FREE MLS SEARCH AND SEE ALL OF THE ACTIVE HOME LISTINGS! They are directly downloaded from the same MLS system the real estate agents use! This database will show you ALL of the property addresses and you will also be able to search for open houses! Additionally, if you are RELOCATING TO BALTIMORE COUNTY OR HARFORD COUNTY MARYLAND CLICK HERE for more resources.

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FOR MUCH MORE INFORMATION ABOUT REAL ESTATE IN MARYLAND VISIT

Michael D. Klijanowicz
Top Office Individual Producer - 2008
(Top Listing Agent & Top Sales Agent)
Long & Foster Perry Hall

(800) 514-7355 X3158 Office
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http://www.isellmdhomes.com/


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