Catonsville, MD Real Estate Market Report November 2016
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The Winter Market is in full swing and we are starting to see how it may play out the rest of winter. Catonsville is doing exceptionally well for this time of year, in almost every statistic! With the holidays take over, Catonsville really lights up for the festivities, and apparently, so does its Real Estate! Let’s take a look at 3 of the major real Estate Market indicators for this unique historic town!
Indicator #1 - Active Listings
There are only currently 130 active listings in Catonsville, MD - this is a small decrease from last year which showed 150. On a positive note, we have an increase in New Listings to the market at 59, a whopping 15% from this time last year! Under new contracts is strong with 39 new, compared with last year which was at 29. New pending sales are at 53 for this November, a 12% increase from last year’s numbers. This is excellent news for Sellers, as there are many serious buyers still looking for that perfect home.
Are you thinking about putting your Catonsville, MD home on the market this year - contact EPIK Home Group now for our professional estimate of your homes' current value and suggestions for how and when to put your home on the market.
ALERT - If you have been thinking about buying 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 Buy (or How to Get Ready to Sell if you also have a home to sell!)
Indicator #2 - Days on Market
The Average Days on the Market nudged up just a bit to 47 Days, a 6% increase from last year which was at 44 during November. With an average Sold Price Ratio of 96.3% there is very little fluctuation in pricing. Excellent news for those considering putting their home on the market during the winter months. Homes are being priced well here, and serious buyers are putting in contracts on homes they love. With a Smaller inventory, they are weighing their options.
Indicator #3 - Average Home Prices
The Real Estate Market in Catonsville, MD is showing stable home prices throughout, something we like to see with historic areas. The current average sold price is $293,478 which is a 7% increase from this time last November. There was also an increase of the Number of Properties sold to 47, up 7% from last November.
The winter market is having a strong start this year, and all indicators say it should continue.
Why Live in Catonsville?
Catonsville has it all with great schools, walk-able local shops and restaurants and excellent access to jobs in Columbia, Baltimore and Washington. 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 idea - we live here and are in touch with many homeowners even before they are ready to sell!
Love getting educated about Real Estate? Here are more details of the current Catonsville Market:
Would you like to live in Catonsville?
Click here to check out the Catonsville MD Real Estate active listings right now! (Feel free to save this link, it updates as the Catonsville market changes so you will always have the live market update.)
Do you already live in Catonsville? Keep track here of what homes are selling for in your area - selling prices affect your home's value as well!
Contact us today and let us know how we can help you!
How can we help you with your real estate needs this year? That helps us give back!
Our EPIK Kids in Action foundation is our way of helping local kids learn to give back to their communities!
You are part of that team when you use or refer EPIK Home Group!
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.
WE ARE EPIK!
Our experienced LOCAL 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!
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