GOOD NEWS! The Perry Hall Real Estate Market in Baltimore County Maryland is starting to show signs that it has BOTTOMED OUT (at least in my opinion). Take a look at the graph below and notice the TOTAL DOLLAR SOLD VOLUME 2008 vs. 2007 (IT'S HIGHER IN 2008) and notice the AVERAGE SOLD PRICE 2008 vs. 2007 (IT'S ALSO HIGHER IN 2008 BY OVER 10%) and notice the TOTAL UNITS SOLD FOR THE MONTH 2008 vs. 2007 (MORE SOLD IN 2008) and notice the AVERAGE LIST PRICE VERSES SALE PRICE PERCENTAGE 2008 vs. 2007 (IT'S HIGHER IN 2008).
WHAT DOES ALL THIS TELL US?
The Perry Hall Real Estate Market in Baltimore County Maryland has definitely started showing signs that the market correction has ended here and prices are starting to go up again! More units are selling now than they were last year at this time and for more money (over 10% more in appreciation). So, the next time you turn on the news and hear that the real estate market is horrible and there are just soooooo many foreclosures, short sales, and auctions out there from people who can't make their payments, REMEMBER ONE THING.......................................
REAL ESTATE IS LOCAL, NOT NATIONAL!
If you would like to check your own zip code statistics, feel free to visit http://www.mris.com/reports/stats/zip_stats.cfm
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 21128 Perry Hall, MD
From: 10/01/2008 to 10/31/2008 Statistics generated on: 11/06/2008
| |
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
|
7
|
|
$100,000 - 149,999
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
31-60 Days
|
1
|
|
$150,000 - 199,999
|
0
|
0
|
0
|
1
|
0
|
2
|
0
|
0
|
61 - 90 Days
|
2
|
|
$200,000 - 249,999
|
0
|
1
|
0
|
2
|
0
|
5
|
5
|
0
|
91-120 Days
|
1
|
|
$250,000 - 299,999
|
0
|
1
|
0
|
2
|
0
|
8
|
12
|
0
|
Over 120 Days
|
3
|
|
$300,000 - 349,999
|
0
|
0
|
1
|
2
|
0
|
6
|
6
|
0
|
Total
|
14
|
|
$350,000 - 399,999
|
0
|
0
|
0
|
0
|
0
|
11
|
1
|
0
|
|
|
$400,000 - 449,999
|
0
|
0
|
1
|
1
|
0
|
10
|
0
|
0
|
Type of Financing
of Units Sold
(No. of Units)
|
|
$450,000 - 499,999
|
0
|
0
|
0
|
0
|
0
|
13
|
0
|
0
|
|
$500,000 - 599,999
|
0
|
0
|
2
|
0
|
0
|
22
|
0
|
0
|
Conventional
|
4
|
|
$600,000 - 699,999
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
FHA
|
5
|
|
$700,000 - 799,999
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
VA
|
1
|
|
$800,000 - 899,999
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Assumption
|
1
|
|
$900,000 - 999,999
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
Cash
|
3
|
|
$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
|
2
|
4
|
8
|
0
|
88
|
24
|
0
|
Total
|
14
|
|
Grand Totals
|
14 |
112 |
| | 2008 | 2007 | % Change |
| Total Sold Dollar Volume: |
$ 4,549,100 |
$ 3,226,900 |
40.97 % |
| Average Sold Price: |
$ 324,936 |
$ 293,355 |
10.77 % |
| Median Sold Price: |
$ 296,500 |
$ 277,400 |
6.89 % |
| Total Units Sold: |
14 |
11 |
27.27 % |
| Average Days on Market: |
99 |
86 |
15.12 % |
| Average List Price for Solds: |
$ 354,029 |
$ 322,654 |
9.72 % |
Avg Sale Price as a
percentage of Avg List Price: |
91.78 % |
90.92 % |
|
| Total NEW listings: |
26 |
| Total Properties Marked Contract: |
9 |
| Total Properties Marked Contingent Contract: |
4 |
| Total NEW pendings (Contracts + Contingents): |
13 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
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!
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FOR MUCH MORE INFORMATION ABOUT REAL ESTATE IN MARYLAND VISIT
Michael D. Klijanowicz
Multi-Million Dollar Realtor
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!
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