November Market Condition Reports

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The totals are in for November. Not a surprise as we get ready to close in on another year on the Frederick MD real estate market. Looks like we will finish up with around a 30% decrease in sales over last year. (which was down 20% from 2005) You can see the total number of listings are starting to decline as well. This is due to the Holidays. It is truly unfortunate for the sellers, because the winter months have some of the more serious buyers out and about. Corporate Relocations always happen throughout the year but are more likely to occur at the end of the year and in the beginning of the year. It seems like most REALTORS® are closing down shop around this time. Some of my busiest months have been in December…just sayin’.

The prices are still coming down over last year as the average days on market increase to 153 days. The prices are going to continue to decline as we see the impact of the foreclosures and bank owned properties increase. The economist don’t have a true idea of the impact as most of their models can’t predict this market yet. It’s purely speculation.

November 2007 Market Totals

	2007	2006	% Change
Total Sold Dollar Volume:	$51,875,314	$86,846,551	-40.27%
Average Sold Price:	$341,285	$347,386	-1.76%
Median Sold Price:	$299,700	$311,950	-3.93%
Total Units Sold:	152	250	-39.20%
Average Days on Market:	153	96	59.38%
Average List Price for Solds:	$374,652	$367,970	1.82%
Avg Sale Price as a	91.09%	94.41%
percentage of Avg List Price:

You can see we are approaching 2004 prices in the housing market.

Click to enlarge.

If you are selling in today’s market, it is imperative to price your home correctly. This is not a time to test the market at a higher price. If you would like a personalize Competitive Market Analysis (aka CMA) of your home, just contact me and I will have it for you in a few days.

December 10, 2007 · Filed Under Frederick Market Conditions, frederick real estate

2 Comments

Familiar Foto Friday

not to be confused, originally uploaded by gotbob.

I just love the dollar stores. The name brands are just….well … you know. Just so FAMILIAR!!!

As for Vegetable Oil. I don’t buy the unfamiliar type at all.

Have a great weekend

December 7, 2007 · Filed Under Friday, Fun

10 Comments

It’s not too early to plan for New Years Eve

I just received my invitation to the gala event at the Weinberg Center. You know you are going to be asking yourself later “What’s there to do on New Year’s Eve in Frederick?” You know it’s going to happen! Well plan early. This black-tie event not only contributes to your enjoyment for the evening, but also helps the restoration process of the Weinberg Center. Now let me share that invitation with you. And when you make your reservations, tell them you were invited by Bob Carney on FocusOnFrederick.com. (that’s invited not sponsored.)

Hooray for Hollywood Gala
Weinberg Center for the Arts - Frederick County
12/31/2007, 8:00 PM

Join the Black-tie benefit for the Weinberg Center that includes all the glamour of old Hollywood. Come dance the night away to a hit, 10-piece band; indulge your senses with fabulous hors d’oeuvres and desserts catered by Canapés; toast the holiday with a full, open bar; test your luck in the exciting Monte Carlo game room; relax in the cigar lounge; and relive nostalgic moments with the multimedia midnight countdown show. There will be elegant party favors and fun surprises. VIP hotel and limo packages are available. Step out on the red carpet and see what everyone will be talking about in 2008!

Limited Tickets available – Early Reservations recommended

Please visit the event website or call 301-600-2828 for more information.

You have questions, they have answers. Check out the FAQ section

Be safe on New Year’s Eve and let someone else to the driving…someone sober!!!

December 6, 2007 · Filed Under Frederick Events

4 Comments

Ed Rybczynski makes presentation to REALTORS at the Long & Foster Office in Frederick

I want to take a moment to thank Ed Rybczynski for taking the time out of his busy day to make a presentation to the agents in our Long & Foster office.

This man is simple amazing in person as on the screen. Just as you read the compelling and intriguing material in his Title-opoly Blog and also his blog on Active Rain, in person he is even more so captivating. The information that he has securely tucked away in his brain comes out through his heart. He is that passionate about his message.

Mortgage and title fraud should not be taken lightly. As REALTORS®, we have a Fiduciary responsibility to our customers and clients that we will represent their best interest PERIOD. If there are issues that we are not comfortable, it should be know and disclosed to all parties involved. (i.e. passing of checks or money outside of closing) I don’t need to expound on his message…you can read it and feel it for yourself in his blogs.

This was the first time he presented to strictly Real Estate agents, but you would have never known. The information that the agents took away from his presentation will stick with them throughout their career. Part of his presentation was outlined on his post about the issues we are about to see with foreclosures across the states. VERY EYE OPENING!!!

Again, Thank you Ed. I had wished there were more people here today. However mother nature had the last word.

Bob