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Nottingham, Maryland (21236) Real Estate Housing Market Report - December 2008 - Baltimore County Homes for Sale

By
Real Estate Agent with Cummings & Co. Realtors 604121

WHAT IS HAPPENING IN THE NOTTINGHAM, MARYLAND REAL ESTATE HOUSING MARKET?

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format
 

ZIP Code: 21236 Nottingham, MD
From: 12/01/2008 to 12/31/2008                Statistics generated on: 01/07/2009

 

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

4

$100,000 - 149,999

0

0

0

1

1

0

0

0

31-60 Days

5

$150,000 - 199,999

1

3

1

7

0

14

17

1

61 - 90 Days

4

$200,000 - 249,999

1

8

1

0

0

47

5

1

91-120 Days

4

$250,000 - 299,999

0

1

0

0

0

41

0

0

Over 120 Days

10

$300,000 - 349,999

0

1

1

0

0

24

0

0

Total

27

$350,000 - 399,999

0

0

0

0

0

15

0

0

 

$400,000 - 449,999

0

0

0

0

0

7

0

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

0

0

0

6

0

0

$500,000 - 599,999

0

0

0

0

0

1

0

0

Conventional

8

$600,000 - 699,999

0

0

0

0

0

0

0

0

FHA

11

$700,000 - 799,999

0

0

0

0

0

0

0

0

VA

0

$800,000 - 899,999

0

0

0

0

0

0

0

0

Assumption

4

$900,000 - 999,999

0

0

0

0

0

0

0

0

Cash

4

$1,000,000 - 2,499,999

0

0

0

0

0

0

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

2

13

3

8

1

155

22

2

Total

27

Grand Totals

27 179
    2008    2007    % Change
Total Sold Dollar Volume: $ 5,639,900 $ 7,182,400 - 21.48 %
Average Sold Price: $ 208,885 $ 247,669 - 15.66 %
Median Sold Price: $ 197,000 $ 229,000 - 13.97 %
Total Units Sold: 27 29 - 6.90 %
Average Days on Market: 117 85 37.65 %
Average List Price for Solds: $ 227,525 $ 267,605 - 14.98 %
Avg Sale Price as a
percentage of Avg List Price:
91.81 % 92.55 %
Total NEW listings: 23
Total Properties Marked Contract: 28
Total Properties Marked Contingent Contract: 4
Total NEW pendings (Contracts + Contingents): 32

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.


WHAT DOES THIS DATA SUGGEST? (IN MIKE'S OPINION)

There is good news and mostly bad news!  Good news is that homes are still selling in the Nottingham Real Estate Housing Market in Baltimore County Maryland.  The bad news is that the prices have come down significantly from last December, total volume of sales is down, and the average days on the market have increased.  Further investigation into these numbers also shows that the only town homes, condos, and single family homes that are selling in Nottingham, Maryland are the ones that are priced under $350,000 (probably to first time home buyers).  If you have a home and are priced over $350,000 right now in Nottingham, Maryland, there is not much activity going on. 

REMEMBER REAL ESTATE IS LOCAL, NOT NATIONAL!  If you need want an opinion about your personal situation, CONTACT AN AGENT IN YOUR AREA who knows your area! 

To check your own zip code statistics in Maryland to see what is selling in your area, feel free to visit:
http://www.mris.com/reports/stats/zip_stats.cfm

 


       

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Baltimore County Real Estate Agents - Michael Klijanowicz - Long & Foster Real Estate, Inc.Michael D. Klijanowicz 
Top Office Individual Producer - 2008
(Top Listing Agent & Top Sales Agent)
Long & Foster Perry Hall 
 

(800) 514-7355 X3158 Office
(410) 236-3331 Cell - Direct 

http://www.isellmdhomes.com/


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Greater Baltimore & Harford County Metropolitan Areas

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