Let’s take a closer look at Middletown Real Estate

To me Middletown has been a wonderful bedroom community to Frederick, Rockville and the Washington DC area. Since there isn’t any major businesses in this community of approximately 3,000 residents, most residents work elsewhere. The schools have claims of Blue Ribbon awards for their excellence in education. The town has excellent proprietors and community driven downtown businesses. (My favorites are The Main Cup and The Middletown Sportsland)

This tight knit community shows it’s pride in their preservation of history, community programs and complete support of local sports (Go Knights). They just recently had elections for their township board. Here’s the results from the Middletown Elections on April 7, 2008.

Burgess:
John D. Miller –610
Phyllis G. Thompson –209

Commissioner:
Dixie L. Eichelberger – 251
Vincent A. O’Reilly – 456
Anthony M. Ventre – 472
Bill Williams – 334

The town and it’s citizens have recently been battling the future presence of Dominion Gas in the Middletown Valley. You can read the press releases on the official Middletown Website. They are facing the construction of a gas pumping station off Marker Road. The concern is the impact on the historic value of the area, along with normal industrial noise and traffic. A grass roots citizens actions committee has been created to combines community efforts for the dispute this projects current placement. Their efforts have been documented on their website; Citizens for the Preservation of Middletown Valley.

As with any community, a poorly place industrial facility can negatively impact the surrounding community(s).

Middletown has wonderful developments like the Glenbrook Golf Community, North Pointe, Fountaindale South, Foxfield, Colebrook and a few of the more exclusive neighborhoods like The Vistas at Springdale and The Legends.

The housing numbers haven’t been too enlightening for this area as the mortgage market has taken it’s toll on homeowners. According to RealtyTrac, there are seven homes in Pre-Foreclosure status, nine with proceedings already taking place for foreclosure and three bank owned homes.

Below is the most recent market activity in Middletown.

Market Conditions in Middletown MD 4/9/08

So what does that tell me? The prices have dropped almost 11% over last year or less than 1% a month. Middletown has been a desirable area but has not been immune to the price depreciation that the rest of the county is experiencing. The absorption rate for this area is 13 months, which is a little higher than the county average. With interest rates still at an all time low, it is a great time to buy, just a tough time to sell if you have either purchased your home in the last few years or if you pulled the equity out of your home.

This chart and others can be found on the Area Prices Page.


If you would like to know what your home is worth, please contact me for a personalized market analysis of your home.

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.