Like many areas of the country, Baltimore saw home sales slide in September 2010 as a whole.
There were a little over 1700 homes sold last month, compared to 2117 last year. Not surprisingly, much of this is attributed to the tax credit ending, as this point last year was the original deadline for settlement.
Baltimore County alone saw a drop of 25.7% in number of homes sold and a price drop of 1.4%, while Baltimore City PRICES dropped 26%, and number of homes sold 17%.
Two areas of Baltimore County bucked the trend, while another in between fell farther than the average. Towson real estate, specifically the 21204 zip code (which includes the West Towson and Ruxton neighborhoods), showed the average sold price up 13.38% from $357,496 last year to $405,325 last month. The one number heading into the negative category was the average days on market, dropping from 125 last year to 64 this September.
Hunt Valley real estate also showed rising numbers in both number of homes and prices, both up about 5.85%. Days on the market also dropped from 112 to 54, which is another good sign, and the best statistic for Hunt Valley homeowners is that these 9 sellers got 95.12% of their list price!
So though the Baltimore Metropolitian real estate market may have been down in September, there are many areas that did not see such drops.
Timonium, a town off I-83 in between the two rising cost areas Towson & Hunt Valley, showed a huge drop, of 31.51% lower prices.
This shows how very local the real estate market is, where three areas within 5 miles of each other can have very different statistics and results.
The best way to know how much your home may be worth is to contact a real estate professional. Make sure they know your neighborhood!
If you are looking for a Towson Realtor, Timonium Realtor, or Hunt Valley Realtor, contact me. I am your agent!
For any real estate needs in Towson, Maryland or around the Baltimore Metropolitan area,
THINK MARNEY IN MARYLAND!
Marney Kirk Keller Williams Excellence Realty
1850 York Road, Suite K
Timonium, MD 21093
Office: 410-560-5858 Cell: 410-493-4884