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Making the Right Move in Manchester, MD. Time to Buy or Sell!

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Real Estate Agent with Coldwell Banker Residential Brokerage

 

 

Making the Right Move in Manchester, MD

 

Have  you thought about moving to Manchester, Md? Or maybe you've been thinking about moving away from Manchester to escape the cold, snowy winters? Whichever option is in your plans, it's a good time for making the right move in Manchester, Md...it's a good time to buy or sell your home!

 

Manchester, Md is a small incorporated town located in northern Carroll County. The closing of North Carroll High School in nearby Hampstead, Md may encourage some families to relocate to Manchester. Some families may desire their children be closer to their new school, Manchester Valley High School. If you are a current homeowner, it's time to think about making the right move in Manchester, Md and listing your home before there is more competition. As they say, "the early bird gets the worm". The number of homes for sale remains low, which makes it a seller's market. Now that's great news for homeowners!

Perhaps you have been thinking about buying a home in Manchester, Md. Now is a good time to get started! According to Consumer Reports, Manchester is one of the safest towns in Maryland. Two popular places to eat in Manchester are Dutch Corner Restaurant  and  Spargo's.  You are sure to love Manchester and it's proximity to Westminster and Hanover, PA. You are sure to find the right home in Manchester due to the variety of neighborhoods and types of homes available. Manchester is located in a USDA eligible area, which means a qualifying purchaser can buy a home with no money down! It's time to think about making the right move in Manchester, Md! It's a good time to buy, indeed.

 

Home Prices in Manchester, MD

 

In general, home prices in Manchester, Md are gradually increasing, yet remain affordable. The median sold price for 2015 was $265,000, which is a 2.76% increase from the year before. This means half of the homes sold for more and half sold for less than $265,000.

The average sold price for 2015 was $274,974, a 1.63% increase from the year before. 

Homes sold in an average of 93 days last year, compared to 111 days the previous year. Homes in Manchester, MD have been selling faster! If you're thinking about buying a home in Manchester, Md, it's good to get started sooner rather than later so you don't miss out! Homes are going under contract rather quickly. If you're thinking about selling, it's advisable to list while inventory is low and while homes are selling quickly.

132 homes sold in Manchester, Md, which is a 14.78% increase over the prior year. This means more people are buying homes in Manchester, they are making the right move in Manchester, Md.

 

There are quite a few communities in Manchester, Md. For example, there is Whispering Valley, Country Life Estates and Hallie Hills to name a few.  Two more communities are Manchester Farms and Crossroads Overlook. The styles and sales prices of homes vary among the different communities. Manchester Farms and Crossroads Overlook are compared below.

 

Manchester Farms has seen positive gains in the past year. Located very close to Manchester Valley High School, this is one of the popular neighborhoods. Manchester Farms was built by Bob Ward Homes in several phases. During the past year, the median sales price was $360,000, which is a 14.29% increase from the previous year. The average sales price in Manchester Farms was $350,948, which is 10.26% more than in 2014.  Homes in Manchester Farms sold in an average of 57 days, compared to the previous year in which it took an average of 80 days for a home in Manchester Farms to sell. This means homes sold 28.75% quicker in 2015. The final phase of Manchester Farms is currently being developed. If you are interested in buying a home in Manchester Farms, now is a great time to buy.

 

Crossroads Overlook is another neighborhood in Manchester, Md that has seen positive gains. Crossroads Overlook is conveniently located off Route 27 and was built by Preakness Homes. During the past year, the median sales price was $267,000, which is a 4.75% increase from the previous year. During the past year, the average sales price in Crossroads Overlook was $274,707, which is 7.04% more than in 2014. Homes in Crossroads Overlook sold in an average of 57 days in 2015, compared to the previous year in which it took 196 days for a home in Crossroads Overlook to sell. Wow, what a difference! 

 

As you can see from these examples, making the right move in Manchester, Md is the right thing to do. It's the perfect time to buy or sell a home. Interest rates remain low, there are a variety of mortgage options, and homes are in demand in Manchester, Md.

 

 

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www.MelissaMovesManchester.com

Posted by

Melissa Spittel, Carroll County Maryland real estate agent