Ellicott City, MD Real Estate Market Report December 2015
Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator
This Ellicott City, MD Market Report by EPIK Home Group includes homes in the 21042 and 21043 zip codes.
Please contact us directly for a breakdown by zip.
Let's take a look at the 3 major indicators for this very active real estate market in Ellicott City, MD:
# 1- SOLD PRICE
The average sold price for detached homes in Ellicott City, MD in December 2015 was $479,180.
This is down by about 8% from the average price a year ago, not surprising with interest rates rising. The good news for sellers in this sought after area in Howard County - prices have stabilized, with a good chance they may start to climb as the year progresses.
The number of units sold is at 93 for December, which is an increase of 32% from the previous year. Buyers are moving to Ellicott City, MD!
ALERT - If you have been thinking about selling for more than a year - now is the time as interest rates remain low and inventory is moving! Contact us for information on How to Get Ready to Sell (or How to Get Ready to Buy if you are looking to move into this area!)
# 2 - AVERAGE DAYS ON MARKET
Homes in Ellicott City were on the market for an average of 62 days in December. This is stable and similar to the market this time last year, despite that rise in interest rates.
List Price to Actual Price is still stable with indicates homes are being priced correctly in Ellicott City, MD.
# 3- NEW LISTINGS
New home listings are another indicator of real estate market conditions.
69 new properties came on the market in December. This is up 21% from last year! This area is highly sought after and it's not hard to see why!
There are currently 229 active listings in Ellicott City, MD - So many great options for buyers in this area!
Do you love reading all the details? Click this link for all the current updates on Ellicott City MD.
LIVING IN ELLICOTT CITY
Our area is so wonderful that many people do not move out once they move in! Using a local Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!
Ellicott City in Howard County, MD is a great place to live with excellent public schools, lots of outdoor parks and recreation opportunities, an award winning historic main street and countless options for working, shopping and dining - no wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!
What does this mean for people looking to invest in Howard County Real Estate? It means you want to use a local Realtor who knows the market REALLY well. Call a LOCAL Realtor to help you with your Howard County Real Estate needs.
Click here to see the Ellicott City MD Real Estate active listings right now! (Feel free to save this link, it updates as the Ellicott City MD Real Estate market changes- you will always have the live market update).
Read on for more details of this active market!
Even if you already live in Ellicott City- it is always a good idea to know what homes are selling for in your area since selling prices affect your home's value as well!
AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre will be donating 2.5% of every commission check to “EPIK Kids in Action” Foundation.
The more homes we sell, the more money we can donate to “EPIK Kids in Action“. Our goal for 2016 is 200 homes. The 100th home sale we will donate 100% of the commission. If we hit our lofty goal of 200 homes we will donate 200% of the commission.
Contact EPIK Home Group today to find out more about buying or selling a home in Ellicott City, MD.
Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information. Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs!
EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (Office)
E-mail anytime to:EllieMcintire@MRIS.com
Click here to see reviews of EPIK Home Group!
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