March saw nine new resale listings and one new construction listing. Generally, March, April and May are the months we see increased sales, contracts and activity. The resale market increased under contracts and volume appears to be steady. I think prices have come down to a point that has generated buyer interest.

Market absorption has changed little and look for additional listings to come online. I know of one new subdivision that will be releasing lots in April. I'll let you know when they are released. We should see additional solds in April as the homes that went under contract in February and March are settled.

Resales were priced between $264,900-$1,199,000. New Construction was priced between $359,900-$989,900.


Feel free to contact me with questions.

 
 

March 2008 Hughesville Resales Real Estate Market Graph

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Includes: Benedict Plantation, Bryantown Estates, Cameron Ridge, Carrico Mill, Carriage Crossing, Country Road Estates, Eastern Hills, Indian Creek Estates, Lake Jameson, Oakland Acres, Pine Grove Estates, Sandy Level Estates, Scouts Trail, Stoneleigh, Swanson Creek Landing, Walnut Hills, Willow Creek, Woodlawn Manor

 

 

March 2008 Hughesville New Construction Real Estate Market Graph

 

 


 

































Includes: Benedict Farms, Bucks Run, Carriage Crossing, Crystal Lake, Forest Run, Herbert Fields, Lake Jameson, Maple Brooke, Naylors Reserve, Ole Field Estates, Stoneleigh, Swan's Rest

 

 

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When buying or selling a home in Hughesville, MD and the surrounding area, you deserve local expertise and advice. Craig W. Barrett provides professional Real Estate services to home buyers and sellers in the Maryland areas of Hughesville, Charlotte Hall, Benedict, Waldorf, La Plata, Mechanicsville, Aquasco, Baden, Croom, Prince Frederick, Broomes Island, Dunkirk, Huntingtown and the Virginia areas of Leesburg, Ashburn, Aldie, Oak Hill, Fairfax, Montross and King George.

 

 

1 Comments on March 2008 Hughesville Real Estate Market Report

APR
09
2008
121,318 Points 2 Featured Posts Outside Blog
Craig~You do a fantastic job on your market reports. You are reminding me that I have a whole lot of catching up to do. I hope you are doing very well. Have a great night!
10:39pm • #1

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Craig W. Barrett - Hughesville MD Real Estate

Hughesville, MD

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RE/MAX 100

Address: 16475 Steeplechase Court, Hughesville, MD, 20637

Office Phone: (301) 843-5100

Cell Phone: (301) 751-6094

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