Real Estate in North Frederick and Walkersville August 2013

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The Talk of the Market to You!

 

Real estate in the northern Frederick area has been fast paced this summer. Homes are moving fast making the difficulties of 2012 a thing of the past.

According to Real Estate Business Intelligence (RBI), Walkersville homes were averaging 30 days on the market in the month of July beating the average of 90-120 days by a huge margin. North Frederick (Kingsbrook, Worman’s Mill, Dearbought, area) is still sitting at an average of 51 days.

Selling prices for single family homes are $314,000-$318,467 in both areas, signifying an approximate increase of 34% since 2012.

Townhomes are selling for an average of $175,967-$225,291 in these areas, up 75% in Walkersville and 14% in North Frederick compared to last year. July held 146 active listings in the 21701 area and 29 active in Walkersville.

There is a steady stream of cash buyers in the North Frederick area signaling to investors and buyers alike that prices are still too good to turn down.

21701

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$19,349,999

+115.33%

+8.09%

Closed Sales

71

+73.17%

+4.41%

Median Sold Price

$249,000

+17.45%

+0.61%

Avg Sold Price

$272,535

+24.35%

+3.52%

Avg Days on Market

51 days

-16.39%

-35.44%

Avg Sold to Orig List Ratio

95.27%

+0.58%

-0.31%

 

21793

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$1,470,800

+6.98%

-53.69%

Closed Sales

6

-14.29%

-60%

Median Sold Price

$225,000

+10.54%

+0.04%

Avg Sold Price

$245,133

+24.81%

+15.79%

Avg Days on Market

30 days

-61.04%

-16.67%

Avg Sold to Orig List Ratio

94.41%

-0.87%

-1.95%

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