JEFFERSON MD 21755 REAL ESTATE TREND INDICATOR

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Real Estate Agent with Realty Group Referrals 16766

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    
    2009   2008   % Change
Total Sold Dollar Volume: $ 1,001,598 $ 769,983 30.08 %
Average Sold Price: $ 333,866 $ 384,992 - 13.28 %
Median Sold Price: $ 340,000 $ 384,992 - 11.69 %
Total Units Sold: 3 2 50.00 %
Average Days on Market: 137 173 - 20.81 %
Average List Price for Solds: $ 401,633 $ 392,442 2.34 %
Avg Sale Price as a
percentage of Avg List Price:
83.13 % 98.10 %  
Total NEW listings: 11
Total Properties Marked Contract: 1
Total Properties Marked Contingent Contract: 2
Total NEW pendings (Contracts + Contingents): 3

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.    

Posted by

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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