Market Update for Frederick area and Condos

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We are in the beginning of the “Spring Market” and things are off to a good start. Creativity is up in ways of getting buyers out of the news medias grasp. Our office has been running very successful “Bargain Bus” by showing prospective buyers area aggressively priced homes whether it’s a bank owned, short sale, or foreclosure. I have heard from multiple agents that showings have increased on their listings, Open Houses are starting to get people back through them again, and the phones are ringing again. The interest rates are still very low for potential home buyers. Buyers that are on the fence need to do the math on the savings of whether to wait for the prices to come down more (or wait for the interest rates to change.)

Here’s a snapshot of the condos around Frederick.

Frederick Condo Market 4/7/08

Condo Assoc. Active Contract Sold in last 90 Days Price Range
Ambertowne 6 1 2 113,000-159,900
8th St Mews 5 2 1 189,900-219,900
Creekside Plaza 5 O O 397,900-1,180,000
Jefferson Chase 4 O O 149,900-192,900
Mill Crossing 13 O 1 209,900-269,900
Maxwell Place 5 O 1 325,000-673,750
Monacacy Overlook 6 O O 174,900-215,000
Old Farm Station 12 O 1 179,900-250,000
Ridgeview II 10 O 1 210,000-250,000
Springridge 6 1 2 175,000-249,900
Wormans Mill 8 O O 234,000-369,900
All Frederick County 171 15 30 115,000-1,180,000

Have a great day.

April 7, 2008 · Filed Under Frederick MD Real Estate, Frederick Market Conditions, Market Condition

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