provided by The Highland Group
City of Frederick real estate Statistics December 2012 have been published by MRIS*. The last month of 2012 was a very active month for Frederick real estate agents.
Here are the highlights for the three zip codes in the City of?Frederick:
| 21701 | ??? 2012 | ???? 2011 | ? % Change |
| Avg. Price | ?? $266,500 | ?? $225,900 | ????? +18% |
| Median Price | ?? $236,500 | ?? $208,000 | ????? +14% |
| DaysOnMarket | ??????? 51 | ? ????? 129 | ????? -60% |
| # homes sold | ??????? 37 | ??????? 37 | ????? +0% |
| New Listings: | ? 30 |
| Total Marked Contract: | ? 13 |
| Total Marked Contingent: | ? 22 |
| Total New Pending (contract + contingent) | ? 35 |
The inventory is 125 active listings in the zip code, which represents roughly a 3-4 month inventory.??Sellers are getting an average 100% of list price, compared to 92% one year ago.
There are 17 short sales on the market in 21701, 14% of the active listings, 1 foreclosures on the market.
24% of sales last month were cash deals, still higher than the normal number of 7-9%. 19% (7 homes) of sales were short sales, 1 was a foreclosure.
| 21702 | ? 2012 | ? 2011 | ? % Change |
| Avg. Price | ? $245,100 | ? $187,100 | ? ? +31% |
| Median Price | ? $225,500 | ? $141,800 | ??? +59% |
| DaysOnMarket | ???? 68 | ??? 143 | ???? -52% |
| # homes sold | ???? 36 | ???? 40 | ????? -10% |
| New Listings: | ? 35 |
| Total Marked Contract: | ? 17 |
| Total Marked Contingent: | ? 18 |
| Total Pending (contract + contingent) | ? 35 |
There are currently 60 active listings in the zip code, representing roughly a 3-4 month inventory.???Sellers got 94% of list price on average, compared to 89% last year.
There are 12 short sales on the market in 21702, 20% of the active listings, 2 foreclosures on the market, 3% of the listings.
31% of sales last month were cash deals. 28% (10) of homes sold were short sales, 0 were foreclosures.
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| 21703 | ?? 2012 | ?? 2011 | ? % Change |
| Avg. Price | ?? $250,400 | ?? $194,000 | ????? +29% |
| Median Price | ?? $198,750 | ?? $187,000 | ????? +6% |
| DOM | ???? 77 | ???? 119 | ? ??? -35% |
| # homes sold | ???? 28 | ???? 29 | ????? -3% |
| New Listings: | ?29 |
| Total Marked Contract: | ?17 |
| Total Marked Contingent: | ?16 |
| Total Pending (contract + contingent) | ?33 |
This zip code shows 73 active listings, representing roughly a 3-4 month inventory.??Sellers got an average of 94% of list price this month,?compared to 91% this time last year.
14% of sales were cash deals.
There are 5 short sales on the market in 21703, 7% of the active listings, 1 foreclosures on the market.
Of the 28 sales last month, 9 were short sales, or 32%, and 0 foreclosure sold.
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Notes:? The inventory is still low right now, 658 county-wide. (31% lower than this time last year).
Short sales are still a force in the market, although not the majority of listings, they are a strong part of the sales each month.
Compare to City of Frederick Real Estate Market Reports
Coming ? County-wide statistics
*MRIS ? Mid-Atlantic Regional Information System ? These statistics are not guaranteed but are considered accurate.
___________________________________________________________
The Highland?Group
Chris & Karen Highland *????301-831-9947
Turning Point Real Estate ? 301-831-8232
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119
Source: http://allthingsfrederick.com/city-of-frederick-real-estate-statistics-december-2012/
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