The residential sales market in Clarksburg, MD 20871 is soft. The average sales price is 93.36% of the average list price. Sellers should expect offers at figures below the asking price if homes are not priced very competitively. The average days on the market is 194 which means that sellers should anticipate a longer marketing period. The longer the marketing period, the more expensive it is to the listing agent. Many agents are turning down prospective listings when the sellers are not highly motivated. Lender owned homes are a major competitive factor. The lenders have acquire homes through the foreclosures prices and are highly motivated sellers that are discounting the prices in order to reduce their inventory.
Metropolitan Regional Information Systems, Inc. ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20871 Clarksburg, MD
Roy Kelley, Associate Broker, RE/MAX Realty Group, roykelley@mris.com
From: 04/01/2008 to 04/30/2008 Statistics generated on: 05/07/2008
| |
Residential
Unit Sales
Number of Bedrooms |
Active Listings |
|
Time on Market |
| Price Class |
2
Or Less |
3 |
4
or More |
Condo
Coop |
Ground
Rent |
Residential
|
Condo
Coop |
Ground
Rent |
of Units Sold
(No. of Units) |
| Under $100,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
1 -30 Days |
2 |
| $100,000 - 149,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
31-60 Days |
2 |
| $150,000 - 199,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
61 - 90 Days |
1 |
| $200,000 - 249,999 |
0 |
0 |
0 |
0 |
0 |
1 |
1 |
0 |
91-120 Days |
0 |
| $250,000 - 299,999 |
0 |
0 |
0 |
0 |
0 |
3 |
7 |
0 |
Over 120 Days |
6 |
| $300,000 - 349,999 |
0 |
1 |
0 |
0 |
0 |
5 |
2 |
0 |
Total |
11 |
| $350,000 - 399,999 |
0 |
0 |
0 |
0 |
0 |
15 |
0 |
0 |
|
| $400,000 - 449,999 |
0 |
2 |
0 |
0 |
0 |
16 |
0 |
0 |
Type of Financing
of Units Sold
(No. of Units) |
| $450,000 - 499,999 |
0 |
0 |
3 |
0 |
0 |
21 |
0 |
0 |
| $500,000 - 599,999 |
0 |
0 |
4 |
0 |
0 |
28 |
0 |
0 |
Conventional |
10 |
| $600,000 - 699,999 |
0 |
0 |
0 |
0 |
0 |
18 |
0 |
0 |
FHA |
1 |
| $700,000 - 799,999 |
0 |
0 |
0 |
0 |
0 |
11 |
0 |
0 |
VA |
0 |
| $800,000 - 899,999 |
0 |
0 |
1 |
0 |
0 |
3 |
0 |
0 |
Assumption |
0 |
| $900,000 - 999,999 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |
0 |
Cash |
0 |
| $1,000,000 - 2,499,999 |
0 |
0 |
0 |
0 |
0 |
7 |
0 |
0 |
Owner Finance |
0 |
| $2,500,000 - 4,999,999 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
All Other |
0 |
| $5,000,000 & Over |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Unreported |
0 |
| Totals |
0 |
3 |
8 |
0 |
0 |
129 |
10 |
0 |
Total |
11 |
| Grand Totals |
11 |
139 |
|
|
| |
2008 |
2007 |
% Change |
| Total Sold Dollar Volume: |
$ 5,620,159 |
$ 4,196,000 |
33.94 % |
| Average Sold Price: |
$ 510,924 |
$ 524,500 |
- 2.59 % |
| Median Sold Price: |
$ 480,000 |
$ 482,500 |
- 0.52 % |
| Total Units Sold: |
11 |
8 |
37.50 % |
| Average Days on Market: |
194 |
58 |
234.48 % |
| Average List Price for Solds: |
$ 547,238 |
$ 536,675 |
1.97 % |
Avg Sale Price as a
percentage of Avg List Price: |
93.36 % |
97.73 % |
|
|
| Total NEW listings: |
30 |
| Total Properties Marked Contract: |
4 |
| Total Properties Marked Contingent Contract: |
7 |
| Total NEW pendings (Contracts + Contingents): |
11 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
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