Frederick County, MD Real Estate Market Statistics, Dec., 2012

 

There are 617 active listings of homes for sale in Frederick County, Maryland.  73 (11.8%) of the active listings are short sale properties which indicates that the owners owe more than the current value.  23 (3.7%) of the available homes are lender owned foreclosures (REO). The source of this data is the regional multiple listing service (MRIS).

Let's compare the currently available properties with the market statistics for December.  During December, 2012, there were 221 closed sales, up 28.49% from the same period of the previous year.  The total sold dollar volume was $61,252,163 (up 54.65%) and the median sold price was $265,000 (up 33.53%).  The average sold price was $277,159 (up 20.36%) with an average of 83 days on the market (down 30.25%)  The average sold to original list price ratio was 94.58% (up 4.57%).

Some of the home sales are taking place with home buyers that are being pushed further out from the DC metro area by the higher prices in neighboring Montgomery County, which had an average sales price of $485,254 in December.

All prospective home buyers, including investors, that plan to use mortgage financing are advised to obtain a pre-approval letter from their mortgage lender as one of the initial steps in the home purchase process.  Those without evidence of financial ability will not be taken seriously by listing agents and their home seller clients.

Some relocation families try to avoid short sale transactions because of the uncertainty.  A high percentage of short sale contracts fail to reach settlement because of the needed transaction approval by the secured mortgage lenders.

Please contact us for local market information for neighborhoods that are of interest.  We are always willing to suggest names of loan officers that are successful in the local market.

Flowers, Longwood Gardens IMG_9998

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC. 

Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group 

Client Assistance:  301-670-8996   

Recipient of the RE/MAX International Lifetime Achievement Award - 2008

 
This post has been included in Maryland Real Estate News Frederick County, MD Real Estate News
Post is included in group: Photos
Post is included in group: ActiveRainPhotoBlogger
Post is included in group: Tuesday's Treasures
Post is included in group: Wordless Wednesday
Post is included in group: 2013 BIG Jumpstart Blog Challenge

14 Comments on Frederick County, MD Real Estate Market Statistics, Dec., 2012

JAN
16
634,853 Points 53 Featured Posts Outside Blog Called Shot Master

Roy,  That sounds like quite a bit of inventory.  I bet a buyer can find exactly what they are looking for in Frederick County with Roy Kelley as their guide.
12:02pm • #1
755,962 Points 37 Featured Posts Outside Blog Called Shot Master

Roy ... I agree with Belinda ...That's a lot of inventory and a great report!

Have a great day in MD!
1:11pm • #2
1,095,699 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Roy, another great market report on Frederick County in Maryland.  There is quite a difference in price of homes sold in Frederick compared to Montgomery County.
1:58pm • #3
923,599 Points 13 Featured Posts Called Shot Master

Roy,

What a great report, and I concur with Rob and Belinda.  I would be delighted to send someone your way.  A
2:16pm • #4
1,439,099 Points 26 Featured Posts Outside Blog Called Shot Master

It is always good to hear from you.  I hope you are having an outstanding week.  We are expecting snow in Maryland on Thursday.

Anthurium, A Longwood Christmas, Longwood Gardens IMG_9978

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs
3:24pm • #5
342,627 Points 12 Featured Posts Localism Sponsor Called Shot Master

Roy - Looks like the market is making a turn in Frederick County!  Anyone thinking of buying or selling a home needs to call Roy Kelley.
6:40pm • #6
250,832 Points 16 Featured Posts Called Shot Master

Hi Roy, very informative market report.  I hope that would be buyers follow your advice about getting a pre-approval letter BEFORE they put in an offer. 

Thank you for the information about your camera.  I dream of being able to take great pictures like yours. 
9:11pm • #7
1,089,538 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
Hi Roy, I really like these type of narrative reports. They add perspective to the numbers and create a relevance.
10:39pm • #8
JAN
17
645,720 Points 67 Featured Posts Outside Blog Attended Rain Camp

Hi Roy.  A third of your market is either a foreclosure or short sale.  Interesting.
3:23am • #9
431,004 Points 10 Featured Posts Outside Blog

Roy, great report today and informative statistics! Thanks for sharing and enjoy a great day!
4:53am • #10
530,595 Points 8 Featured Posts Outside Blog Called Shot Master

Good morning, Roy.  Thanks for the market report for Frederick County, MD.  I will pass along to my sister who lives in Frederick, MD.  Have a great day and thanks for the flowers.  At this time of year flowers are food for the soul.
4:57am • #11
491,947 Points 29 Featured Posts Outside Blog Called Shot Master

It seems that that the market is firming in all the areas. Hopefully the large number of foreclosures and short sales will become a smaller share of the market.
5:45am • #12
1,439,099 Points 26 Featured Posts Outside Blog Called Shot Master

Thanks so much for stopping by.  It is always good to hear from you.

Orchids, Longwood Gardens IMG_0034

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs
11:55am • #13
FEB
04
121,049 Points

Thank you for the updated on your housing market. 
8:22am • #14

Login or register to leave a comment
 
Img_2076 Rainmaker_large

Roy Kelley, Montgomery County, MD Homes For Sale

Gaithersburg, MD

More about me…

Roy Kelley and RE/MAX Realty Group

Address: Roy Kelley, RE/MAX Realty Group, 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

Office Phone: (301) 921-4569

Email Me

Roy Kelley advises home buyers, sellers and REO asset managers, in the Maryland suburbs of Washington DC and nearby counties. REO and foreclosures sales. Market area includes Montgomery County, Frederick County, Washington County and Prince George's County. Real Estate blogs


Listings

Links

Archives

RSS 2.0 Feed for this blog