WHAT IS HAPPENING IN THE FOREST HILL, MARYLAND REAL ESTATE HOUSING MARKET?
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 21050 Forest Hill, 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
|
2
|
|
$150,000 - 199,999
|
0
|
0
|
0
|
1
|
0
|
1
|
7
|
0
|
61 - 90 Days
|
0
|
|
$200,000 - 249,999
|
0
|
2
|
1
|
0
|
0
|
11
|
8
|
0
|
91-120 Days
|
0
|
|
$250,000 - 299,999
|
0
|
1
|
1
|
0
|
0
|
9
|
1
|
1
|
Over 120 Days
|
8
|
|
$300,000 - 349,999
|
0
|
1
|
0
|
0
|
0
|
23
|
0
|
0
|
Total
|
11
|
|
$350,000 - 399,999
|
0
|
0
|
2
|
0
|
0
|
19
|
1
|
0
|
|
|
$400,000 - 449,999
|
0
|
0
|
1
|
0
|
0
|
7
|
0
|
0
|
Type of Financing
of Units Sold
(No. of Units)
|
|
$450,000 - 499,999
|
0
|
0
|
0
|
0
|
0
|
11
|
0
|
0
|
|
$500,000 - 599,999
|
0
|
0
|
1
|
0
|
0
|
16
|
0
|
0
|
Conventional
|
6
|
|
$600,000 - 699,999
|
0
|
0
|
0
|
0
|
0
|
12
|
0
|
0
|
FHA
|
3
|
|
$700,000 - 799,999
|
0
|
0
|
0
|
0
|
0
|
11
|
0
|
0
|
VA
|
0
|
|
$800,000 - 899,999
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
Assumption
|
0
|
|
$900,000 - 999,999
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
Cash
|
2
|
|
$1,000,000 - 2,499,999
|
0
|
0
|
0
|
0
|
0
|
1
|
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
|
4
|
6
|
1
|
0
|
129
|
17
|
1
|
Total
|
11
|
|
Grand Totals
|
11 |
147 |
2008 2007 % Change
| Total Sold Dollar Volume: |
$ 3,449,395 |
$ 6,057,776 |
- 43.06 % |
| Average Sold Price: |
$ 313,581 |
$ 465,983 |
- 32.71 % |
| Median Sold Price: |
$ 289,500 |
$ 430,000 |
- 32.67 % |
| Total Units Sold: |
11 |
13 |
- 15.38 % |
| Average Days on Market: |
155 |
133 |
16.54 % |
| Average List Price for Solds: |
$ 343,639 |
$ 480,071 |
- 28.42 % |
Avg Sale Price as a
percentage of Avg List Price: |
91.25 % |
97.07 % |
|
| Total NEW listings: |
12 |
| Total Properties Marked Contract: |
4 |
| Total Properties Marked Contingent Contract: |
4 |
| Total NEW pendings (Contracts + Contingents): |
8 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
WHAT DOES THIS DATA SUGGEST? (IN MIKE'S OPINION)
There is good news and mostly bad news! Good news is that there were a few homes in the Forest Hill Real Estate Housing Market in Harford County Maryland did sell in December of 2008. The bad news is basically everything esle, total volume is down significantly, prices have come down significantly, days on market are up, and there is a lot of inventory out there. Further investigation into these numbers also shows that the town homes, condos, and single family homes that are selling in Forest Hill, Maryland are the ones that are priced basically under $450,000 (probably mostly to first time home buyers). Only one sold for over $450,000 and was priced between $500,000 and $599,000. If you have a home and are priced over $450,000 right now in Forest Hill, Maryland, there is probably not much activity going on.
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
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.
CLICK HERE TO SET UP YOUR OWN CUSTOMIZED FREE LISTINGS EMAIL NOTIFICATION! Here is your chance to be notified via email of all the new listings in your selected areas that meet your criteria, ABSOLUTELY FREE! Not only will you be notified by email of all the new listings that meet your criteria from my website, I will also enter your property search criteria into the local MLS system so you will get to SEE ALL OF THE NEW LISTINGS THAT ALL OF THE AGENTS SEE as soon as they hit the market!
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
(410) 236-3331 Cell - Direct
http://www.isellmdhomes.com/
Serving Buyers & Sellers in the
Greater Baltimore & Harford County Metropolitan Areas
CONTACT ME FOR MORE INFORMATION - FREE CONSULTATIONS AVAILABLE!
© Copyright 2009 By Michael D. Klijanowicz, All Rights Reserved*
