Frederick County, MD Real Estate Market Statistics, August, 2013
Currently, there are 984 active listings of homes for sale in Frederick County, Maryland. 37 (3.76%) of the available homes are lender owned foreclosures (REO). 91 (9.25%) of the listings are short sale pre-foreclosures. Short sale transactions require the approval of the secured mortgage lenders since the proceeds of a sale will not fully satisfy the outstanding mortgage obligations.
During August, 2013, the total sold dollar volume of residential properties in Frederick County, MD was $90,429,535, up 19.94% from the same month last year. There were 312 closed sales, up 20.46%, at a median sold price of $262,995, down 6.07%. The average sold price was $289,838, down 0.43%, with an average of 55 days on the market. The average sold to original list price ratio was 95.6%.
Please contact us for current market conditions in specific neighborhoods. Home buyers that plan to use mortgage financing will need to have a pre-approval letter in hand since home sellers and their agents will want to verify the source of funds with any offer.
For out of the area readers, Frederick County is the location of Camp David, the Presidential retreat. The local residents enjoy a beautiful countryside.
Dahlia, Kentlands IMG_9373
Photograph by Roy Kelley using a Canon PowerShot G11 Camera.
Roy and Dolores Kelley Photographs
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