Frederick Maryland Lot and Land Real Estate Market Report- August 2007

Here is a snapshot of the current lot and land market in Frederick County Maryland.

As of the 8/13/07 there are 367 active lot & land listings in Frederick County. Currently 23 properties are under contract which equates to 5.8% of the total currently listed properties.

The breakdown of the price ranges for active listings appears as follows:

• $100K and under- 19 properties
• $100K+ - 200K - 72
• $200+ - 300K - 113
• $300+ - 400K- 58
• $400+ - 500K- 44
• $500+ - 61

Of the 367 active listings in, 150 have been on the market 180+ days and 98 total at 90-179 days.

Here is the breakdown of sold lots & land in June and July of the last 4 years:

2007 2006 2005 2004

• July 6 15 22 19
• June 23 24 25 28

As shown from sales over the past 4 years, 2007 is below that of the previous 3 years.

Now is the time to purchase a lot. A lot of inventory gives you plenty to choose from and many sellers appear to be willing to negotiate more on the price.

Other local housing market reports:

http://activerain.com/blogsview/172675/Frederick-Maryland-Real-Estate

http://activerain.com/blogsview/74226/Middletown-Maryland-Housing-Market

http://activerain.com/blogsview/76944/Myersville-Maryland-Real-Estate

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* Data obtained from the MLS - Metropolitan Regional Information System (MRIS).