Bowie MD 20715 Local Real Estate Market Report-March 2018

Bowie MD 20715 Local Real Estate Market Report-March 2018

Spring has finally sprung. Normally when this happens you start to see more Local Bowie MD home buyers who become more active in their Local Real Estate Market. With less inventory in many areas (Bowie MD included) and pent up demand for motivated and ready,willing and able home buyers,home buyers need to get more serious and most importantly creative with their offers to sellers. Why? Home buying Competitition is fierce.

And According to this March 2018 Bowie MD zip code 20715 Local Real Estate Market Report,the numbers from this time last year to this year tells it all. 

Let's delve more into the numbers for Bowie MD zip code 20715 Local Real Estate Market Report -March 2018

• Total Sold Dollar Volume for Bowie MD 20715 in March 2018 was $9,999,999. That is actually down 27.80% from March 2017 when it was $13,850,600.
• Average Bowie MD zip code 20715 Home Sold in March 2018 was $333,333 down only 1.33% from March 2017 when the average sold Bowie MD Home in zip code 20715 was $337,820.
• 30 Bowie MD Houses for sale in zip code 20715 SOLD in March 2018 compared to March 2017 when 41 Bowie MD Houses sold in the 20715 zip code.
• Average days on the market of a Bowie MD 20715 House was 33 days. That is better than March 2017 when the average days on the market of a Bowie MD House zip code 20715 was 37 days. This means Houses are selling more faster than this time last year. 
• Average SP (Sold Price) ratio to OLP (Original List Price) ratio was 99.8% in March 2018 for Homes sold in Bowie MD zip code 20715. This is 2.33% higher than this time last year when Average SP (Sold Price) to OLP (Original List Price) of Bowie MD Homes in zip code 20715
• 27 out of the 30 Homes sold in Bowie MD zip code 20715 were sold in 90 days or less.
• 24 out of the 30 Homes sold in Bowie MD zip code 20715 were sold in 60 days or less in March 2018.
• 22 out of the 30 Homes sold in Bowie MD zip code 20175 were sold in 30 days or less in March 2018.
• 14 out of the 30 Houses sold in Bowie MD 20715 zip code were purchased with a FHA Loan.
• 11 out of the 30 Houses sold in Bowie MD 20715 zip code were purchased with a Conventional Loan.
•  4 out of the  30 Houses sold in Bowie MD 20715 zip code were purchased with a VA Loan.
•  1 out of the  30 Houses sold in Bowie MD 20715 were purchased with CASH 

13212 12TH ST, BOWIE, MD  20715. 4 Bedroom,2.5 bath Detached House with a 2 car garage built in 2007 is ON SALE for $455,000.

So what does this report tell me about the Bowie MD zip code 20715 Local Real Estate Market? 

• More home buyers now are using a Conventional Loan to purchase a house in Bowie MD zip code 20715. With the home buying competition being fierce and many home buyers offers not being accepted,many home buyers are doing things to improve their chances of getting their offers accepted by sellers. Some home buyers are using Conventional Loans instead of a FHA Loan.
• Houses for sale in Bowie MD zip code 20715 are selling much quicker now.  This is good news for young couples who are living in either townhouses or a house and need to sell their house to get a bigger house due to lack of space. Or if you have children and they need to be in a new school district before the school year starts. And or if you get either get a new job or If you are in the military and you get a PCD'(Program Change Decision) which means you need to sell your house as soon as possible.
• If you price your house right according to the Local Real Estate Market not only will it sell quicker but you will get very close to what you listed it for. Many areas are selling over list price.

I think that the Bowie MD 20715 Local Real Estate Market is going to continue to keep its momentum up until around August/September when the Local Real Estate Market tends to cool down. 

Also check out my Bowie MD zip code 20715 Weekly Local Real Estate Market Report

To find out what you home is worth in your current local Real Estate Market email me at DChomesforsale@gmail.com. Or you can call or text me at 202-378-0283. #BowieMD #BowieMDHousesforsale #SellyourBowieMDHouse #PGCountyMDHomes #BowieMDRealEstateMarketReport #BowieMDZIPCODE20715 #BowieMD20715