If You Can't Find Something Nice to Say...But When You Can...

By
Real Estate Agent with Berkshire Hathaway Home Services McNelis Group Properties

If You Can't Find Something Nice to Say...But When You Can... Calvert County sales up 30.64%. There I said it - because it needs to be said. Respectfully, I understand that there are markets throughout the country that continue to struggle, but when confronted with numbers like this it forces us to look at our market locally. We are bombarded with negative news but have to overcome the perspectives that are pervasive in our daily dose. The final numbers for 2009 have been compiled and this is a stat to be reckoned with - a 30.64% increase in number of sales in Calvert County.

The reasons for that are many - but maybe that's not what's most important with this. This is a big number- this is a number that should have a huge impact on consumer confidence locally- and that's important.  This says people are buying - there is momentum in our local market.

And that momentum means dollars - another big number at a 21.07% dollar increase. Not only is the market impacted psychologically by the numbers of sales - this 21.07% increase is a physical dollar re-investment in real estate.

MOMENTUM   ->   DOLLARS  ->  POSITIVE

Now there are some numbers here that aren't where anyone wants them to be. However, momentum and dollars are positives to note and build on. Hopefully these positives are the foundation for anxiously awaited improvement in prices. And hopefully these positives will lead to more optimistic perceptions in other markets and create the catalyst for momentum and dollars to expand into other markets as well.

Calvert County Year-End 2009

 

2009

2008

% Change

Total Sold Dollar Volume:

$ 298,285,493

$ 246,365,871

21.07 %

Average Sold Price:

$ 323,871

$ 349,455

- 7.32 %

Median Sold Price:

$ 289,500

$ 310,000

- 6.61 %

Total Units Sold:

921

705

30.64 %

Average Days on Market:

162

169

- 4.14 %

Average List Price:

$ 358,259

$ 387,505

- 7.55 %

Avg Sale Price as a
percentage of Avg List Price:

90.40 %

90.18 %

 

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2010 - Information deemed reliable, but is not guaranteed.

 

 

 

 

Comments (1)

Brian & Val Mayer
RE/Max One | Sellers Agent - Huntingtown, MD
Listing Specialist | Realtor in Calvert County MD

This is great news Susan. Calvert has a lot to offer and we who live here know what a treasure it really is.

Mar 02, 2010 01:50 AM