Ijamsville and Holly Hills Market Conditions

If you’re looking for market reports about homes in Ijamsville and Holly Hills, you have come to the right spot. We are closing in on another month. This is usually one of the last peaks in our cyclic industry before the holidays. Real Estate in the Frederick Area is just like everywhere else, it has its good times and it has its bad times. Don’t get me wrong homes still sell around the holidays…but the traffic usually slows down. Don’t be discouraged, these buyers are serious…no more tire kickers. You tend to find a lot of relocation buyers this time of year. Large corporations like Bechtel, BP Solar, Fort Detrick and National Cancer Institute relocate employees year round, but you still see a higher amount this time of year with retirements, new positions…they want to be settled before the new year starts.

So don’t be discouraged by the lack of traffic…they are serious

A quick snap shot of what is going on in the neighborhood…

You can see that every home had a reduction…On average 7%. If you price your home agressively it will sell. You are in competition with everyone else in your neighborhood. It comes down to a couple things…who needs to sell and who has the best looking product for the price. In a market like this, you definitely need to have your home in tip top shape or you will have large reductions and longer days on market. (*DOM means Days on Market.) The average DOM for Ijamsville and Holly Hills is 133 which is about the average for the county right now.

Unfortunately, you have to be serious to sell in this market and if you just recently bought your home (2005), you bought in the peak of the market. It really is best for you to stay put unless you have to move.

If you want a personalized Competitive Market Analysis of your home, feel free to contact me.

Bob is a licensed Real Estate agent in Maryland and Pennsylvania. You can contact him via email at bob@gotbob4homes.com or call him on his cell phone at 240-285-4918.  Bob left the Frederick area to manage a resort office near Deep Creek Lake in Western Maryland. He still stays in touch with the area that he has grown to love.