Bowie MD zip code 20715 Real Estate Market Report-April 2018

                              Bowie MD zip code 20715 Real Estate Market Report-April 2018

4405 Olando Lane Bowie MD 20715. This expanded cape offers 4 bedrooms, 2.5 baths, a large family room addition, converted garage and remodeled kitchen, with ceramic flooring, maple cabinets, and custom countertops. The backyard oasis provides a stamped concrete patio, custom wood trellises and large storage shed. Additional upgrades include the HVAC system, windows, electrical upgrade, carpet, hardwood flooring and so much more. This house is on sale for $349,900.

Listing is courtesy of RE/MAX Leading Edge.

Here is the Bowie MD zip code 20715 Real Estate Market Report-April 2018

• Total Sold Dollar Volume of  Bowie MD zip code 20715 Houses in April 2018 was $12,080,200. That is 15.61% from April 2017 when the Total Sold Dollar Volume of Bowie MD zip code 20715 Houses was $10,448,790.
• Average median price of a Bowie MD zip code 20715 House sold in April 2018 was $327,000. That is only 3.54% from April 2017 when the average median price of a Bowie MD zip code 20715 House sold was $339,000.
• 37 Bowie MD zip code 20715 Houses were sold in April 2018. That is 19.31% more than April 2017 when 31 Bowie MD Houses in the zip code 20715 were sold. 
• Average days on the market of a Bowie MD zip code 20715 House for sale SOLD was 35 days. That is 12.50% better than April 2017 when the average days on the market of a Bowie MD zip code 20715 House was 40 days.
• Average selling price to original list price ratio of a Bowie MD zip code 20715 in April 2018 was 99.1%. That is only 0.08% lower from April 2017 when it was 99.2%.
• Average sold price of a Attached Bowie MD zip code 20715 house sold was $261,633.
• Average sold price of a Detached Bowie MD zip code 20715 house sold was $332,215.
• 18 out of the 37 Bowie MD zip code 20715 Houses for sale SOLD in April 2018 were purchased with a Conventional loan.
• 7 out of the 37 Bowie MD zip code 20715 Houses for sale SOLD in April 2018 were purchased with a FHA loan.
• 3 out of the 37 Bowie MD zip code 20715 Houses for sale SOLD in April 2018 were purchased with CASH.
• 6 out of the 37 Bowie MD 20715 zip code Houses for sale SOLD in April 2018 were purchased with a VA loan.
• 3 out of the 37 Bowie MD Houses for sale that were sold in the zip code 20715 were purchased with a other kind of loan.
• 32 out of the 37 Bowie MD zip code 20715 Houses for sale SOLD in 90 days or less.
• 31 out of the 37 Bowie MD zip code 20715 Houses for sale SOLD in 60 days or less.
• 29 out of the 37 Bowie MD 20715 zip code Houses for sale SOLD in 30 days or less.

Check out this FAIRWOOD IN BOWIE MD NEW HOME FOR SALE

Even though the average sold price of a Bowie MD zip code 20715 in April 2018,not only are more houses are selling in Bowie MD zip code 20715 but they are selling even more quicker. Conventional loan now seems to be the new loan product that most first time home buyers are using. With more home buyers competing against other home buyers when there is less inventory to choose from,you have to do things different in order to make your offer appealing to potential home owners.

First time home buyer who is using a conventional loan to buy a house is considered in the eyes of many homeowners more stable and less risky than someone who is using a FHA Loan product. Quick comparison of a Conventional Loan vs FHA Loan. Homeowners want to accept offers from home buyers who are submitting an offer on their house who have a great chance of having their loan application go through a successful underwriting process. I mean isn't that what everybody involved in the home buying process want anyway?

Also check out my other Bowie MD Real Estate Market Report Blogs

Bowie MD zip code 20716 Real Estate Market Report-March 2018

Bowie MD zip code 20715 Local Real Estate Market Report-March 2018

Bowie MD zip code 20715 Weekly Local Real Estate Market Report -3/25/18-3/31/18

Bowie MD 20721 zip code Local Real Estate Market Report-March 2018

Bowie MD Weekly Local Real Estate Market Report-5/13/18-5/19/18

Bowie MD zip code 20720 Real Estate Market Report-March 2018

Need a Real Estate Professional who will help you negotiate the purchase and/or sale

of your next house please give me-Lanre Folayan a call or text me. I can be reached

at 202-378-0283.Or you can send me an email to DChomesforsale@gmail.com. I would love to represent you as your Real Estate Agent. 

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