Lutherville, MD Real Estate Market Update for Week Ending 12/21/2014

Real Estate Agent with Houwzer Inc MD RE License 579412

Lutherville Real Estate

Market Report

The Week Ending December 21, 2014

Lutherville is located outside the Baltimore beltway north of Towson and is bordered to the east by Towson’s Hampton neighborhood, to the north of Ridgely Road by Timonium and on the west by I-83.

As of the 2010 census there were 37,732 people living in Lutherville, made up of 15,562 households. 

The area is serviced by Dulaney Valley Road (the eastern boundary), Ridgely Road on the north, Seminary Avenue and York Road.  Lutherville is served by the Maryland Transit Administration’s light rail and bus routes 8 and 9 and a limited service bus #12. 

Kaiser Permanente has an office in The Galleria on the corner of York and Seminary and Lutherville Personal Physicians (Mercy Health Services) has a large office on the corner of Ridgely and York Road.  And, Mars has a store on the corner of Ridgely and York Road as well.  In addition there are several other large grocery chains located nearby in Towson and Timonium. 

Children in Lutherville attend Lutherville Laboratory Elementary Magnet School, Hampton Elementary School, Ridgely Middle School, Dulaney High School (in Timonium) or Towson High School (in Towson).   All schools have very good reputations for educational excellence and in 2014 Towson High School was acknowledged as being one of the top 10 high schools in the state of Maryland. 

Lutherville home prices are increasing as the inventory remains low.  Lutherville has a voluntary neighborhood association that is very active in planning events for the area, keeping residents informed of any changes that might affect them and much more.  The neighborhood association meets the second Tuesday of the month at Lutherville Lab elementary school. 

This week’s real estate market snapshot shows:

Active Listings – 23

                Foreclosure –    3

                Short Sales -       1

                Standard Sales  19

Under Contract – 12

                Foreclosure        0

                Short Sales          1

                Standard Sales  11

Sold (Year to Date) – 108

                Foreclosure        4

                Short Sales          0

                Standard Sales  104

The average sales price for homes in the Lutherville market is $342,823 with a low price of $139,900 and high price of $985,000.  Lutherville is a stable community with very few distressed properties.  There are a few brand new homes available in the community and a variety of “vintage” homes of all ages including historic homes.  As we move towards the holiday season there will be fewer listings on the market until the new year.  If you are considering a move and would like more information about buying or selling in Lutherville give me a call today, 410-292-0100.  I have lived in Lutherville for 10 years and some of my kids have attended school here and have worked in the neighborhood and participated in many community organizations too.   It’s a great area to live.


Check out the Christmas train garden at the Fire Museum, fun for all ages!!

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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. Houwzer and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Houwzer 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 ~ CDPE, CIAS, ePro, MRP

Houwzer Inc.

410-292-0100 - Direct   410-559-0155 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

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