EDGEWATER, MD 21037 DECEMBER REAL ESTATE STATISTICS
Decenbember 2013 real estate statistics for Edgewater, MD are in and things are continuing to look up! The Sold Dollar Volume was up over 17% and the average sale price was up 4.60%. Total units sold was up 12.5% (18 units opposed to 16 units for 2012).
The average days on market was up to 119 days from 86 days in 2012 that's mostly due to the seasonal nature of home sales and the lower sample size that accompanies that. The average Sales price to OLP (original list price ratio) was 94.6% up from 90.2% in 2012.
The average sold price of a detached house was $485,519 (down 1.15%) and there were no sales of attached housing for the month.
There were 124 active listings compared to 116 active listings in 2012. This is a 6.90% increase. The continuing upswing in prices has led to more listings coming online. Another good indicator in the strength of the Edgewater market is the type of financing being used. 11 of the 18 sales in December were either cash or conventional. A conventional buyer is generally considered to be stronger as they need a larger down payment and a better credit score in order to qualify for a mortgage.
If you are interested in knowing your specific home value visit calvertarundelhomes.com for your FREE home valuation report.
If you would like a detailed report of Edgewater, MD 21037 Real Estate Statistics sent to you via e-mail or even snail mail I would be happy to provide it to you. I also have another report that has been popular with home buyers:
Contact me at richthomasrealtor@gmail.com or call me at 240-463-3706 and I will be happy to send that to you as well. You cand find me on facebook at: facebook.com/richardthomasrealtor as well.
