Monday, August 15, 2011

Baltimore Metro July 2011 Real Estate Statistics

The July 2011 real estate sales statistics have been released by MRIS and RBI. The Baltimore Metro area includes Anne Arundel, Baltimore, Carroll, Harford and Howard counties and Baltimore city.

 Baltimore Metro July 2011 Sales Statistics

Statistic Volume Year over Year Month over Month
Total Sold Dollar $606,817,429 + 6.66% - 7.68%
Closed Sales Units 2,176 +12.45% - 8.11%
Median Sold Price $225,000 -10.00% - 4.46%
AVG Sold Price $278,868 - 5.15% +  .46%
AVG Days on Market 114 days +17.53% + 1.79%
AVG Sold to Orig List Price

88.58%

- 2.31% - 1.12%

Anne Arundel County July 2011 Sales Statistics

Statistic Volume Year over Year Month over Month
Total Sold Dollar $167,587,360 + 1.58% - 8.86%
Closed Sales Units 447 + 5.92% -17.07%
Median Sold Price $290,000 -12.09% +2.84%
AVG Sold Price $374,916 - 4.10% + 9.89%
AVG Days on Market 115 days + 9.52% + 2.68%
AVG Sold to Orig List Price 90.47% - 1.57% - 1.11%

Eastern Shore Metro July 2011 Sales Statistics – includes Caroline, Cecil, Dorchester, Kent, Queen Anne’s & Talbot counties

Statistic Volume Year over Year Month over Month
Total Dollar Sold $53,097,088 –8.48% -17.62%
Closed Sales Units 200 + 3.63% -15.25%
Median Sold Price $192,500 -15.94% - 3.75%
AVG Sold Price $265,485 -11.69% - 2.79%
AVG Days on Market 166 days - 0.60% -18.63%
AVG Sold to Orig List Price 87.12% - 1.22% +3.84%

On average for the areas shown, Average Sold Price to Original List Price shows that properties are selling for 9.53% to 12.88% off the seller’s original list or asking price. Real estate is local and these statistics may not represent those in your area or subdivision. Contact us or your real estate agent to find our what the statistics are for you area or subdivision.

For more information, please contact - Charles Kraus, Associate Broker
Coldwell Banker Residential Brokerage Annapolis, MD (O): (410) 919-2642

Thursday, August 4, 2011

Interest Rates Improve

As money flees Wall Street in search of a safe haven, bonds are a beneficiary and that means interest rates are improving for mortgages. Contact your lender today to see if improving rates may help your situation.

Charles Kraus, Associate Broker
Coldwell Banker Residential Brokerage
Annapolis, MD