Frederick County, MD Real Estate Market Statistics, March, 2013

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Frederick County, MD Real Estate Market Statistics, March, 2013

 

There are 708 active listings of homes for sale in Frederick County, Maryland.  26 (3.67%) of the available properties are lender owned foreclosures (REO). 64 (9.04%) of the active listings are short sale pre-foreclosures.  Short sale transactions must be approved by the secured mortgage lenders since the proceeds of a sale would not fully cover the existing mortgage obligations.

During March, 2013, the total sold dollar volume of residential properties in Frederick County, MD was $61,397,744, up 14.31% from the same month last year. There were 221 closed home sales during the month, up 7.28%.  The median sold price was $242,500, up 6.59% and the average sold price was $277,818, up 6.55%.  The average days on the market (DOM) was 77 and the average sold to original list price ratio was 94.97%.

The Frederick County market is strong and is expected to gain strength during the coming months as home buyers take advantage of the very low mortgage interest rates.  Home buyers need to be well prepared for multiple contract competition in preferred areas. Those that plan to use mortgage financing should obtain a pre-approval letter from their mortgage lender as one of the initial steps in the home purchase process.

Residents of Montgomery County are attracted to the lower home prices in Frederick County.  During March, the average sold price was $484,775 in Montgomery County as compared to the average sold price of $277,818 in Frederick County.

We are always willing to suggest names of mortgage loan officers, home inspectors and title companies.  Please contact us for market conditions in neighborhoods of interest.

 

Kentlands, Spring Flowers IMG_9513

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

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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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Rainmaker
970,961
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Up Up and away... good news Roy...

Apr 22, 2013 04:49 AM #1
Rainmaker
4,278,893
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

I can see why Frederick County is attractive given the price points. A

Apr 22, 2013 05:43 AM #2
Rainmaker
5,223,237
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your comments are very much appreciated.  By the way, Camp David, the Presidential retreat, is located in Frederick County, MD.

 

Kentlands, Spring Flowers IMG_9517

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 22, 2013 06:16 AM #3
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good evening Roy.

Frederick County is a great place to live.

A great report.

 

Apr 22, 2013 08:26 AM #4
Rainmaker
1,433,926
Yolanda Cordova-Gilbert
Richmond, TX

Roy,

    It looks like everything in Frederick County is up except maybe inventory! I hope you had a great time at George Washington's farm!

Apr 22, 2013 08:28 AM #5
Rainmaker
1,728,458
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro
Roy ....great report and info ....if you run short send them down to Bristol! Have a great night!
Apr 22, 2013 10:51 AM #6
Ambassador
3,981,814
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Roy, Your market is very heated up. Good advice to buyers to be prepared with their preapproval in hand.

Apr 22, 2013 10:00 PM #7
Rainmaker
3,752,579
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Roy,

Looks like an excellent report for Fredrick County! Looks like spring 2013 will bring some good sales but buyers need to be ready with the shortage of inventory with a pre-approval letter or they don't stand a chance!

Apr 22, 2013 10:25 PM #8
Rainmaker
4,003,361
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, always great to read market reports from other parts of the Country.     Fredrick County looks like it is enjoying a great Spring Buying season!

Apr 22, 2013 10:36 PM #9
Rainmaker
5,223,237
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your feedback is very much appreciated.  Have an outstanding week with your camera in hand.

 

Kentlands, Spring Flowers IMG_9515

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Apr 22, 2013 10:59 PM #10
Rainmaker
5,223,237
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your comments and your continued support are very much appreciated.

May 12, 2017 03:09 AM #14
Rainmaker
5,223,237
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is sometimes a good idea to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Apr 16, 2019 10:15 AM #16
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Roy Kelley

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