This data looks promising for the Frederick Real Estate Market area. Inventory is decreasing as sales are increasing. Foreclosures and Short sales have made up nearly 40% of the total sales in the last 2 months but only represent about 20% of the total current inventory. This suggest they are the most competitively priced.
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Currently there are 1160 active residential listings in Berkeley County WV. Of these
99 are Foreclosures (8.5%)
108 are Short Sales (9.3%)
Currently 182 are under contract which:
68 are Foreclosures (37%)
48 are Short Sales (26%)
In June 124 residential properties sold which:
43 were Foreclosures (35%)
9 were Short Sales (7%)
In May 101 residential properties sold which:
50 were Foreclosures (50%)
9 were Short Sales (4%)
In April 33 residential properties sold which:
11 were Foreclosures (33%)
5 were Short Sales (15%)
From this data it shows that although foreclosures only represent less than a tenth of the market inventory in Berkeley County, it represent a large percentage of the properties that are actually selling.
Why to consider Frederick Maryland for you next home?
Rich in History- Monocacy Battlefield, South Mountain Battlefields,National Museum of Civil War Medicine, Historic downtown Frederick, Brunswick Railroad Museum
Parklands- Catoctin Mountain Park, Chesapeake and Ohio Canal National Historical Park, Gambrill Park
Large Employment base- Fort Detrick, SAIC, Bechtel, Frederick Memorial Healthcare System, and more
Entertainment/Activities- Weinberg Center for the Performing Arts , Fishing, Hunting, Hiking, many festivals, shopping, nighttime scene bars/clubs, wide range of dining opportunities, Frederick Keys Professional Baseball, Ice skating and much more.
Colleges/Education- Hood College, Mount Saint Marys University, Frederick Community College, Great Public and Private School system
All types of homes to choose from- Historic homes, townhomes, condos, farms, luxury, new and old community subdivision, waterfront, homes on open farm lots or wooded mountain lots, and more.
Currently there are 75 active residential listings in Middletown with an average list price of $520,376 and average days on the market of 194. In addition 33 properties are under contract.
The following months show the number of sold properties in Middletown
February - 7 Avg. Sold Price- $392,779
March - 9 Avg. Sold Price- $386,811
April - 7 Avg. Sold Price- $309,914
As of today there have been 38 sold properties in Middletown so far in 2009. The lowest priced sale was $169,000 and highest sale was $800,000.
Serving Frederick, Washington, Carroll, and Montgomery Counties in Maryland and Jefferson and Berkeley Counties in West Virginia. Services include residential, farms and land, new homes, and relocation.
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