A picture paints a thousand words. Here are 3 thousand:
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.
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
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.
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. 
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
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. 
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!
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
 |
|
|
Chris & Karen Highland have been selling real estate in Frederick Co. for 19 yrs, lived in Frederick for 20 years, and are raising our 4 children (and dog:)here. Frederick is a great place to live.
The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate
8923 Fingerboard Road
Frederick, Md 21704
301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119
Husband and wife team, Chris and Karen Highland are the core of The Highland Group . We have been selling families on Frederick for 18 years. Integrity, Experience, and Enthusiasm, our by-line, speaks to what we have to offer. We've seen buyer's and sellers markets, hot and slow markets. We have the experience to help people navigate through the challenges that this present market presents.
We have lived in Frederick County for 20 years, and are raising our 4 children here. We love living in Frederick ourselves and are enthusiastic about the great values and quality of life people find here. We believe that our job is to be a customer service specialist, and as such, we are committed to serving our clients to the best of our abilities. Our hope is that our clients will find our professionalism and attention to their needs and goals so satisfactory that they will choose to use us again, and that they will gladly recommend us to relatives and friends. After 19 years, our hopes have been realized, because over 80% of our business comes from repeat clients and referrals.
Join our blogs for ongoing conversations about: All Things Frederick Frederick Short Sale News and our newest blog, 365Frederick, a blog about life in Frederick Md.
We have 18 years of experience in Frederick, Carroll, Howard, Montgomery and Washington Counties. We have worked with all types of buyers, from first-time buyers to luxury home buyers and retirees. Chris has had experience in management as well as his own real estate business. Giving oversight to 90+ agents has multiplied his knowledge of a myriad of issues that surround a real estate transaction.
Chris has a nationally recognized certification, CDPE, Certified Distressed Property Expert. If you or someone you know is having trouble making their mortgage payments, call us, we may be able to help you avoid foreclosure.
We still talk of the excellent service that Chris gave us on the buying and selling of your houses. He's a tough act to follow ...... We've been advertising your service every time the topic is brought up. And if we ever move......... we'll be calling ;-)
---Tony
Chris is a pit-bull! Without his tenacity, this difficult transaction would never have been completed.
---Mike
I just have one word of advice...do everything Chris says!
---Shannon
Karen is a great businessperson. Her creativity and marketing ideas are what got our place sold.
---DJ
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
