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Calvert County Market update - First Quarter of 2011

By
Real Estate Agent with Monument Sotheby's International Realty

Calvert County Market update - First Quarter of 2011 - The Calvert County Real Estate Market is showing marked improvement for the first quarter of 2011 over the first quarter of 2010, particularly when considering the first-time homebuyer tax credit initiative was in place the first quarter of 2010 with the April 30, 2010 deadline looming.

The number of sales in Calvert County was up 34.69% in the first quarter of 2011 vs. the first quarter of 2010. When taking into account that the effect of the first-time homebuyer tax credit initiative was that it increased the number of units sold, it is particularly noteworthy that the number of units has increased to this degree in excess of the increase in number of units for the first quarter of 2010. 

Prices for the first quarter are up 5.47% as well with an average sales price of $308,338 through March 31, 2011 vs. an average sales price in that same period of 2010 of $292,358.

Source: MRIS data 4/8/11 (MLS)

 

 

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Calvert County Real Estate: Solomons Island, Lusby, MD, Saint Leonard, MD, Port Republic, MD, Huntingtown, MD, Prince Frederick, MD, Chesapeake Beach, MD North Beach, MD, Dunkirk, MD, Sunderland, MD, Owings, MD ....

Saint Mary's County Real Estate: California, MD, Leonardtown, MD, Hollywood, MD, Great Mills, MD, Lexington Park, MD, Saint Mary's City, MD, Saint Inigoes, MD, Ridge, MD, Dameron, MD, Valley Lee, MD, Mechanicsville, MD, Callaway, MD 

Comments (2)

Gabriela Agostinelli
RE/MAX100 - Leonardtown, MD
Gabriela A-Team

Good time for sellers right now! Great post Susan

Apr 09, 2011 09:57 AM
Susan Thompson-Solomons
Monument Sotheby's International Realty - Solomons, MD
Southern MD Real Estate-Solomons Specialist

Thanks Gabriela. The picture is definitely looking up - hopefully will bring a better balance between buyers and sellers.

Apr 09, 2011 11:05 AM