JEFFERSON MD 21755 REAL ESTATE TREND INDICATOR
If you are planning to purchase or sell a home in Jefferson, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 11 new listings and 3 went to pending new contracts. The sold dollar volume was up 30.08% from last year. There were 29 active listings of homes for sale during the month. The number of homes sold was 3 from 2 last year. The average days on the market was 137 days from 173 days last year. The average sale price was 83.13% of the average list price. The median sold price was $340,000. The market is still soft which means that it favors buyers. Foreclosures and short sales listings still influence the area market. Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price. FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount. First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer. More investors are buying because the prices on lender owned foreclosures are the lowest in several years.
Roy Kelley, Associate Broker, RE/MAX Realty Group
Home Search Website: www.roykelley.com
Email: roykelley@mris.com; Client Assistance: 301-670-8996
ZIP Code: 21755 Jefferson, MD
From: 03/01/2009 to 03/31/2009 Statistics generated on: 04/08/2009
| 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 | 0 |
| $100,000 - 149,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 31-60 Days | 0 |
| $150,000 - 199,999 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 0 | 61 - 90 Days | 1 |
| $200,000 - 249,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 91-120 Days | 0 |
| $250,000 - 299,999 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | Over 120 Days | 2 |
| $300,000 - 349,999 | 0 | 0 | 1 | 0 | 0 | 6 | 0 | 0 | Total | 3 |
| $350,000 - 399,999 | 0 | 0 | 1 | 0 | 0 | 7 | 0 | 0 | ||
| $400,000 - 449,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | Type of Financing of Units Sold (No. of Units) |
|
| $450,000 - 499,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| $500,000 - 599,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | Conventional | 2 |
| $600,000 - 699,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | FHA | 0 |
| $700,000 - 799,999 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | VA | 0 |
| $800,000 - 899,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Assumption | 0 |
| $900,000 - 999,999 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | Cash | 1 |
| $1,000,000 - 2,499,999 | 0 | 0 | 0 | 0 | 0 | 2 | 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 | 1 | 2 | 0 | 0 | 26 | 3 | 0 | Total | 3 |
| Grand Totals | 3 | 29 |
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
Your Real Estate Professional,
Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD 20879 USA
Direct: 301-921-4569 Client Assistance: 301-670-8996
Email: roykelley@mris.com Main Office: 301-258-7757 x 569
Home Search Website: www.roykelley.com Blog: http://activerain.com/blogs/roykelley
Follow me on Twitter: http://twitter.com/roykelley
FIRST TIME HOME BUYER $8,000 TAX CREDIT: www.federalhousingtaxcredit.com
Newly increased FHA loan limits for Montgomery County and Frederick County: $729,750. New limit for FHA reverse mortgages: $625,000.
