Morrell Park, Baltimore, MD - Market Trends Report

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Real Estate Agent with Coldwell Banker Residential Brokerage MD RE License 579412

Morrell Park, Baltimore, MD -  Market Trends Report

Morrell Park is one of those neighborhoods that most people don't think about when they think about affordable housing in Baltimore.  Morrell Park is located in south west Baltimore and according to the Live Baltimore website is encompassed by Hollins Ferry Rd., B&O Railroad Tracks, Gwynns Falls to Wilkens Ave. to Caton Ave. to Patapsco Ave. to C.S.X tracks, back to Hollins Ferry Road and is located in Zip Code: 21230.

From Morrell Park it's easy to get to I95, I695 and into the city by way of Washington Blvd. 

In Morrell Park you'll find a mix of single family detached homes and older row homes.  The average age of homes in the area is 74 years.  The average home price for row homes is $60,090 ranging from $22,900 to $139,900 during this last 6 month period.  For single family detached homes the average home price is $89,430 ranging from $36,900 to $180,500.

This table shows home selling activity since June 1, 2011.  The information was taken directly from the multiple list service and believed to be accurate.For the same time period one year ago there were 6 single family detached homes sold for an average price of $137,225, 2 of which were foreclosures and 4 were fair market sales, there were no short sales settled at that time. 

For the same time period one year ago there were 16 town/rowhomes sold for an average price of $53,894, 9 of which were foreclosures, 1 was a short sale and 6 were fair market sales.

  Active Contract/KO Contract/No KO Contract Sold Avg Days on Market Avg Price Avg Year Built
Detached Homes           185 89430 1926
Fair Market 3 0 0 0 5      
Short Sales 2 0 3 1 3      
Foreclosures 1 0 0 0 0      
Minimum $ 36900   69000 75000 79999      
Maximum $ 149900   105000   180500      
                 
Townhomes           211 69090 1942
Fair Market 21 0 0 2 4      
Short Sales 4 0 0 0 1      
Foreclosures 1 0 0 1 5      
Minimum $ 22900     31000 24900      
Maximum $ 139900     84900 84500      
                 

It looks like the average price for homes sold has increased slightly over this time last year, while the average price of detached homes has dropped and the number of foreclosures has dropped and the number of short sales has increased therefore increasing the average price of homes sold. 

 

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If you are thinking of buying or selling a home in  Maryland give me a call at 410-292-0100 or start your search here and I'll talk about the market conditions and what your home could possibly be worth in today's marketplace if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone are worth the plunge into today's market. Coldwell Banker and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here to Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Coldwell Banker and I are equipped with the latest technology to sell your home using Virtual Open Houses, Virtual showings, electronic signing, virtual inspection, and even online closings.   You can reach out to me through Snapchat, Duo, Skype, Google Hangouts, What's App, text messaging, or simply by phone.  We take your and your family's health and safety very seriously.  

June Piper-Brandon ~ Associate Broker ~ MRP, AHWD, CDPE, ePro

Coldwell Banker

410-292-0100 - Direct   410-461-7600 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Comments (1)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

June - Great, local real estate market report.  You've given both buyers and sellers a lot of good information to use.  Nicely done!

Jan 26, 2012 04:00 PM