ODENTON MD 21113
The effects of BRAC are not being felt yet in Odenton (21113) - which kinda surprises me, given its proximity to Ft. Meade and the NSA. I expected savvy investors to start buying up property in Odenton long before now - and certainly now that the market has levelled off a bit.
According to June sales statistics released today by MRIS, the real estate market for Odenton (21113) remained relatively stable last month, consistent with the immediate surrounding area.
June (21113) 2007 2006
| Total Sold Dollar Volume: |
$ 19,104,210 |
$ 23,979,151 |
- 20.33 % |
|
Average Sold Price: |
$ 347,349 |
$ 352,635 |
- 1.50 % |
| Median Sold Price: |
$ 325,000 |
$ 342,158 |
- 5.01 % |
| Total Units Sold: |
55 |
68 |
- 19.12 % |
| Average Days on Market: |
73 |
53 |
37.74 % |
| Average List Price for Solds: |
$ 360,315 |
$ 362,509 |
- 0.61 % |
Avg Sale Price as a
percentage of Avg List Price: |
96.40 % |
97.28 % |
As I have mentioned in previous posts, the ratio of new listings and new sales is something I look for each month. In June 2007, there were 85 new listings in Odenton, and just 35 new sales. Another thing we're seeing now that we didn't a year ago is contingent contracts - 13 of those during June.
As of today, 7/10/07, there are 56 detached homes, 180 townhomes, 57 condos, and 2 semi-detached homes for sale or rent in Odenton (21113).
If you are considering real estate for investment, Odenton is the place to buy!
Copyright 2006-12. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
__________________________________
Margaret Woda, REALTOR and Associate Broker
Direct: (301)346-2923 or click on EMAIL
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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 721-1500
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