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May 2009 Market Statistics for Owings MD 20736

By Jen Anderson

Real Estate Agent with Exit By the Bay Realty

June 14, 2009 02:58 PM

This month in the zip code of Owings MD, there were only two properties to get to closing, howeve 7 went under contract. I am fortunate enough to have listed one of the under contract properties and we are looking for a June 26 closing. There were 16 new listings. The downside is there are 77 active listings in Owings and with 2 closings this month, that give us enough inventory for the next 38 months.

Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20736 Owings, MD
From: 05/01/2009 to 05/31/2009 Statistics generated on: 06/08/2009

	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	0	0	0	31-60 Days	0
$150,000 - 199,999	0	0	0	0	0	0	0	0	61 - 90 Days	0
$200,000 - 249,999	0	0	0	0	0	0	0	0	91-120 Days	0
$250,000 - 299,999	0	0	0	0	0	3	0	0	Over 120 Days	1
$300,000 - 349,999	0	0	0	0	0	4	0	0	Total	2
$350,000 - 399,999	0	0	0	0	0	9	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	1	0	0	0	14	0	0
$500,000 - 599,999	0	0	0	0	0	11	0	0	Conventional	1
$600,000 - 699,999	0	0	0	0	0	15	0	0	FHA	0
$700,000 - 799,999	0	0	0	0	0	7	0	0	VA	1
$800,000 - 899,999	0	0	0	0	0	3	0	0	Assumption	0
$900,000 - 999,999	0	0	0	0	0	0	0	0	Cash	0
$1,000,000 - 2,499,999	0	0	0	0	0	4	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	1	1	0	0	77	1	0	Total	2
Grand Totals	2	78

2009 2008 % Change

Total Sold Dollar Volume:	$ 894,000	$ 1,589,500	- 43.76 %
Average Sold Price:	$ 447,000	$ 529,833	- 15.63 %
Median Sold Price:	$ 447,000	$ 520,000	- 14.04 %
Total Units Sold:	2	3	- 33.33 %
Average Days on Market:	71	310	- 77.10 %
Average List Price for Solds:	$ 477,000	$ 559,797	- 14.79 %
Avg Sale Price as a percentage of Avg List Price:	93.71 %	94.65 %

Total NEW listings:	16
Total Properties Marked Contract:	2
Total Properties Marked Contingent Contract:	5
Total NEW pendings (Contracts + Contingents):	7

Jennifer Anderson
Associate Broker
Exit 1 Stop Realty
10130 Southern Maryland Blvd.
Dunkirk, MD 20754
301-855-7867 office
301-855-8255 fax
301-758-0391 cell phone

P.S. If you know someone thinking of buying or selling a home, who would appreciate first class service, I'd love to help them! So, as these people come to mind, just give me a call with their name and number. It would be my pleasure to follow up and tend to their needs. Thank you!