Frederick County Real Estate Statistics April 2013 PROVIDED BY THE HIGHLAND GROUP, Statistics have been published by MRIS* Here are the highlights: County-wide 2013 2012 % Change Avg. Price $301,400 $260,000 +16% Median Price $262,500 $236,000 +11% DaysOnMarket 70 106 -34% # homes sold 244 212 +15% New Listings: 462 Total Marked Contract: 170 Total Marked Contingent: 233 Continue reading
City of Frederick Real Estate Statistics April 2013 provided by The Highland Group. City of Frederick real estate Statistics April 2013 have been published by MRIS*. Here are the highlights for the three zip codes in the City of Frederick: 21701 2013 2012 % Change Avg. Price $297,800 $202,000 +48% Median Price $240,000 $194,000 +24% DaysOnMarket 62 111 -44% # homes sold 50 37 +35% Continue reading
Wormans Mill Townhouse for Sale 2009 Mill Island Pkwy, a 3 bedroom 2.5 bath Wormans Mill townhouse for sale. The popular Georgetown model, the home is in great condition, with hardwood floors throughout the first level, finished basement rec room and Cathedral ceilings in the spacious master bedroom. This home is a short sale, negotiated professionally. It’s a good opportunity for the right buyer to get a lovely home for under market value. Check out the video tour: Contact Chris Continue reading
Assumable Loans Have Future Value Although FHA fees have gone up and VA funding fees have increased, these loans have built-in value that many buyers wouldn’t naturally think about… they are assumable. A few years from now, buyers may be at an advantage for having born those extra expenses. Both of these types of loans are assumable and may very well be an asset in the future, when interest rates are almost certain to be higher. Interest rates have reached Continue reading
Appraisals Can Be Challenging in A Seller’s Market The real estate market in Frederick Md is showing pockets of appreciation… Appreciation in the single digit percentages. Like many areas of the country, we’re seeing a mild recovery. In a market where prices are rising, there can be difficulties in the process of the appraisal. Appraisals are challenging in a seller’s market. The Appraisal – The Second Sale The appraisal is often referred to as the second sale. The lender orders Continue reading