Monday Market conditions in Worman’s Mills area

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I had a listing appointment yesterday in Worman’s Mills. It was on one of the couple hundred condos in the development. The inventory is low for the number of condominiums, but the sales are very slow too. After meeting with the owner, I went for a ride around the neighborhood to get some local amenity photos. I never realized how many homes were for sale in this area.

This community is relatively new and quite unique in the layout. You have have to be a special type of buyer to live here. Not in a good or bad way, just the design is very different. There are clusters of homes. Driveways have about four homes on them with small back yards. Most of these homes offer first floor Master Bedrooms with two or three bedrooms upstairs. There are estate homes on Mills Island that are still being built, so you can get one with a yard. But for the most part, if you look at everything back there…it is really, really close together. If you don’t like you neighbor, your screwed. The community also has multiple town homes. I really like these town homes. They are larger than your typical town home but you also pay more.

You have plenty of common areas that you can walk or have picnics, if you like being a spectacle. They are WIDE open spaces. The center of the community has a nice size gazebo. There is a club house with two pools, tennis courts and basketball courts. Tot lots are spread throughout the community.

I know I sound a little biased about the layout, it’s just what I feel when I drive through the neighborhood. I feel very enclosed. The homes are quite exquisite and beautifully manufactured. Very low yard maintenance on most properties since most areas are maintained by the HOA.

The number of homes were quite surprising to me for this popular community. Below is the breakdown of the numbers.

Condos 2 Bedroom only

Total for Sale - 8
Sold in past yr - 4
Price Range - $239,000 - $339,000
Absorption - 2 years

Townhouses

Total for Sale - 15
Sold in past yr - 17
Price Range - $365,000 - $599,900
Absorption - 11 months

Single Family Homes

Total for Sale - 8
Sold in past yr - 10* (does not include “New Construction”)
Price Range - $409,900 - $899,999
Absorbtion - 10 months (only for resales)

There you have it, a look into the confines of Worman’s Mills.

Have great St. Patty’s Day.

March 17, 2008 · Filed Under Frederick MD Real Estate

Comments

5 Responses to “Monday Market conditions in Worman’s Mills area”

Kristal Kraft on March 17th, 2008 12:37 pm

Funny how perceptions differ. In my area small lots are all we have to offer. The issue in Colorado is water, or lack of it, so developers squish homes together. Of course if you read the trends, buyers want “walkable” neighborhoods, having large lots makes walking harder due to the greater distance.

Kristal Kraft’s last blog post..Mortgage Debt Cancellation Relief - H.R. 3648 Public Law 110-142
gotbob on March 17th, 2008 4:27 pm

KK, This exclusive neighborhood has some “large lots” .25 acres but most are less than .18 acres.
Carole Cohen on March 19th, 2008 8:28 am

Your descriptive writing ability is really good, Bob, and it sounds like a huge community. It’s also helpful that you include the absorbtion rate. .18 acres is pretty typical in my hood and our houses have been here since the early 1900s lol. So I guess newer communities really are mimicking city neighborhoods.

Carole Cohen’s last blog post..You Want a Home for $100,000 or Less? West Side (Part Two)
Jack Boardman on March 19th, 2008 5:56 pm

Gee! my .14 acre lot would fit right in!

Jack Boardman’s last blog post..Old Men & Coffee Shops—All-in-all I’d rather see flowers!
gotbob on March 20th, 2008 2:49 pm

We have a few communities that try to get back to that tight knit neighborhood feel with Neo Traditional homes. They look like the older homes in Polish Hill, Bloomfield areas of Pittsburgh. And Jack they look a lot like your St. Paul neighborhood. The homes are monstrous on little wee lots. Then the throw in some town homes, and some larger single family homes with “bigger” yards.