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Chris & Karen Highland

Year In Review Real Estate Market Statistics for Frederick County MD

A picture paints a thousand words. Here are 3 thousand:

Real Estate Sales Volume for Frederick County MD

Median Home Price Frederick County MD

Average Days on Market

Frederick County Real Estate Market Report for September 2009

MRIS has published the real estate sales statistics for Frederick County for September 2009*

County-wide 2009 2008 % Change
Avg. Price $277,056 $290,129 -5%
Median Price $240,000 $262,000 -8%
DOM 98 120 -18%
# homes sold 230 205 +12%
New Listings: 383
Total Marked Contract: 169
Total Marked Contingent: 122
Total Pending (contract + contingent) 291

Note: There are currently 1587 properties (about 1300 are residential) listed for sale in Frederick County, continuing to come down month after month. That makes roughly a 6 month inventory, a balanced market. The number of homes sold as well as the number of pending sales is still higher than this time last year, although starting to show the usual seasonal decline.

*Other notable sales statistics: 62% of the 230 sales were under $300,000, still reflecting the surge in first-time buyers and investors getting deals in the present market.

Compare to Frederick County Real Estate Market Report for August 2009

Comimg: Frederick City Real Estate Market Report for September 2009, Real Estate Market Report for Frederick Communities - September 2009

*All statistics are gathered from the MRIS, Metropolitan Regional Information System, and while accurate, are not guaranteed.

Frederick Real Estate Frederick Real Estate

The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947 301-831-9947 301-831-9947 301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com

Frederick County Real Estate Market Report for June 2009

Real Estate Market Statistics have been published by MRIS, Metropolitan Regional Information Systems.* Frederick County continues to see an increase in sales, as investors and first-time buyers take advantage of the low interest rates and the bargain prices.

County-wide 2009 2008 % Change
Avg. Price $278,312 $310,900 -11%
Median Price $260,000 $272,500 -5%
DOM 116 131 -11%
# homes sold 237 198 +20%
New Listings: 390
Total Marked Contract: 175
Total Marked Contingent: 144
Total Pending (contract + contingent) 319

The number of sales has increased, and the inventory, down to 1739, has decreased, creating a 7 to 9 month inventory in most Frederick Communities. Urbana and Walkersville are experiencing a seller's market with a 5-month and 3.5 month inventory, respectively.

The pending sales are the highest we've seen since August 2006, promising a robust market to continue. Most months the sales are about half foreclosures, and about 300 homes go into foreclosure status each month in Frederick County, according to Realtytrac.com. Per capita, Frederick County has the 2nd highest foreclosure rate in Maryland, with Prince George's County being the highest by a wide margin.

*All information is deemed accurate, but not guaranteed.

Need the Funds to Buy a Frederick County Foreclosure?

The State of Maryland is stepping up to the plate to help would-be buyers come up with the funds for downpayment and closing costs to buy foreclosures in certain targeted zip codes. The State of Maryland has $28,778,469, which has been allocated from the Neighborhood Stabilization Program (NSP) funds. This money is to be administered to Frederick buyers under the Neighborhood Conservation Initiative. Foreclosures in the Frederick Real Estate market

You can sign up at their website for notification of when the program will start and information. There are income limits, target areas, and certain targeted employeees. Check out the details on their website.

The Highland Real Estate Group
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: isell4u2@msn.com

Frederick MD Homes and Real Estate

First Saturday in April in Downtown Frederick

First Saturday in the Historic District is always a great time to get out and explore the downtown Frederick shops and restaurants. There are carriage rides, live music in the streets, and shops are open until 9 pm.

Last First Saturday we enjoyed a wine tasting at the Frederick Basket Company in Everedy Square. We found a great new winery, Black Ankle Winery, located in Mt. Airy. I particularly loved their Syrah. Wine and a Good Book

One of the events planned for April's First Saturday is something near and dear to my heart. There will be a used book sale at Frederick Coffee Company in Everedy Square, to benefit the C. Burr Artz Library. You can donate books between now and then at Frederick Wine Cellars, at 221 N. East Street.

Hope to see you there!

Search the MLS for your Next Home What's My Frederick Home Worth?

The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com
Pictures of Frederick