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Slide Notes

The Frederick Md real estate market is experiencing a
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Frederick Real Estate Market 2013

Published on Nov 24, 2015

The residential real estate market in Frederick Maryland is experiencing a recovery. Home values are increasing, sales are increasing, and more home owners are able to list their homes for sale in 2014. This slide presentation shows the main statistics for 2013 compared to 2012, showing the trends and forecasting a steady market in 2014.

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PRESENTATION OUTLINE

1.

Frederick Real Estate Market

Year-over-Year Comparison 2013 - 2012
The Frederick Md real estate market is experiencing a
Photo by J. Stephen Conn
2.

Inventory

Number of homes on the Market - STill Low but increasing
Photo by oatsy40
3.

Inventory Bottom

  • January saw a low of 615 homes on the market
  • January 2013 inventory was 30% below January 2012
  • A normal market is c. 1200 homes
  • The year ended with inventory 20% higher than 2012
  • As values increased, more homes were listed
Photo by oatsy40
4.

Number Sold

The number of homes sold increased in 2013
Photo by Jupiterimages
5.

Homes Sold

  • 2012:  2,664 Homes Sold
  • 2013:  3,112 Homes Sold
  • An Increase of 17%
  • Attached +12%   *   Detached +20%
  • Condominiums +11%
Photo by Digital Vision.
6.

Sold

Average Sold Price
Photo by Creatas
7.

Average Sold Price

  • Overall Average Sold Price Up 11%
  • 2013 - $296,077   *   2012 - $267,285
  • Attached - $211,239  Up 10%
  • Detached - $344,850  Up 10%
  • Condominium - $170,082  Up 11%
8.

Sold

Median Sold Price
Photo by Hemera Technologies
9.

Median Sold Price

  • Overall Median Sold Price Up 11%
  • 2013 - $268,500   
  • 2012 $241,950
  • Median Price - half of homes sold for more
  • half sold for less
10.

Time On Market

The Average time to sell a home has decreased
Photo by David Sacks
11.

Days on market - dom

  • Average DOM 2013 - 62 days
  • Average DOM 2012 - 88 days
  • Decrease of 30%
  • 1. Increased Demand
  • 2. Fewer Short Sales 
12.

List Price/Sale Price Ratio

Up +2.23%
Sellers are getting contracts closer to their listing price, showing the increase in values and demand in Frederick.
Photo by kejadlen
13.

Conclusions

  • Frederick Real Estate is Experiencing Recovery
  • Home Values are Increasing 
  • Luxury Homes have Stablized
  • Short Sales and Foreclosures Have Decreased...
  • But are still expected to be part of our market
The Frederick Real Estate market is experiencing a recovery. Home values are on the rise, short sales and foreclosures are decreasing.
Photo by Michael Blann
14.

For More information

Contact Chris Highland for more information about the Frederick Real Estate market. 301-401-5119
http://frederickrealsestateonline.com
Chris Highland
associate at Turning Point Real Estate
8923 Fingerboard Road
Frederick, Md 21704
Photo by Paul-W

Chris & Karen Highland

Haiku Deck Pro User
http://frederickrealestateonline.com