Frederick Real Estate Year-End Statistics 2011

Looking back over the 2011 year of Frederick real estate sales is best done with some pictures:

Frederick Real Estate Sales Volume

The Frederick real estate market kept pace with 2010 for most of the year, with the Spring being a little sluggish, about 20% off of last Spring.

Frederick Real Estate Average & Median Home Prices

The Average home prices, although down from last year, are trending up for the first time since 2006.

The Median home prices are very close to last year’s prices, with the trend line fairly flat. We’re seeing the majority of sales in the under $200,000 price range, First-time buyers, investors and second home purchases are the majority of the market in Frederick County.

…and the big story for 2011…

And for a historic viewpoint, MRIS puts out these charts:

and

In the following chart you can see 2 things, yes, real estate sales is still seasonal. And you see a larger difference between pending sales and actual closed sales. This year, more contracted homes have not gone to settlement because of mainly 2 reasons: the length of time in the short sale process, and difficulties with appraisals.

Thanks for reading, commenting and participating with me in All Things Frederick this year. Best success in 2012!

The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: chris@allthingsfrederick.com
Text Us: 301-401-5119