What has been going under contract in Frederick County

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In order to sell your home, you need to understand what is selling. Sometimes reality sucks, but it is the only thing that can help you sell your home. I constantly watch the trends of what is happening with contracts for the past week. It helps me, help sellers. It helps me, help buyers as well. In the scheme of things a seller can ask anything they want for their home and a buyer can offer anything they want, realistically it has to be what the market will bear. The contracts on they list below, first tells me what area is currently active, what price range is popular and what type of home is moving. Now mind you this is only a gauge at this point. The true tell is when these homes go to closing and finally settle. The closing price and seller consessions will tell me a different story. But here is list of homes that have went under contract…this is the first step at understanding on how to price your home. (It has be attractive enough to get buyer to look at it.)

Click to see entire document

Click on the document to open up a PDF of the past seven days of homes that went under contract. It is sorted by price range. Look for an area close to your home and see how you stack up to the homes listed. If you want more information about your neighborhood, give me a call and we can talk about the activity there. The average home is around $280,000 and averages 4 bedrooms. They also averaged 164 days before going under contract.

There were 171 homes sold in the month of July in Frederick County. August’s report will be out shortly and I suspect it will be about the same. The question you need to ask yourself, Do you want to be one of those homes next month? In case you are wondering, there are currently 2351 homes on the market right now. That’s a lot of competition.

Have a great week.

September 8, 2008 · Filed Under Frederick MD Real Estate

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Looking for something to do in Frederick

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September 13th, the Small Angels Rescue is putting on a Bluesfest. Come out to support and adopt some small animals. I wrote briefly about dogs and cats that fell victim to the local foreclosure issues, but we can’t forget about the gerbils, hamsters and guinea pigs that are also homeless now. SAR is looking for families to adopt and also volunteers to help with the cause. If you know someone that would be interested, contact the Small Angels Rescue at 301-668-0404 or email at info@smallangelsrescue.org.

Back to the event…

Blues Fest

When: Saturday September 13th 5 PM - 8 PM
Where: Rose Hill Farm 3223 Old National Pike, Middletown MD.
What: Food, Bands, and prizes
Why: To raise money and awareness for Small Angels Rescue.

Visit their website for more information and details.

Hope to see you there.

September 4, 2008 · Filed Under Frederick MD Real Estate

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How’s the Real Estate Market in Frederick County

The Frederick New Post did an article the other day about the news media and real estate. It seems they were finally trying to be neutral on their perspective. I am glad to see they had a broad spectrum of opinions about it. You always have to remember the source when researching information. Bernie Kohn sums it up at the end.

NAR is simply doing its job to represent real estate agents, Kohn said.

“It’s what you do on behalf of an industry that faces tough times,” Kohn said. “You have to find that little bit of silver lining.”

Our (NAR) Chief Economist Lawrence Yung always has better numbers than someone from a different industry. His numbers are always more rosey. Why? He has 1.3 million REALTORS that he has to keep somewhat happy so they stay on board. Even I read his stats with a grain of salt.

But back to the other statements…

“What’s going on as far as declining housing prices is a reflection of economic fundamentals,” said Steve Pilloff, a Hood College management professor who blogs for The Frederick News-Post. “If the media is being accused of painting a doom-and-gloom picture, that’s a reflection of what’s going on.”

It is not all doom and gloom. There are people still buying homes. There are people that want to buy homes but are afraid of the current market. 171 families bought homes in Frederick County in July. Yes, that is down from last year and the year before, but they did buy. And they paid less for their home than buyers of previous years.

Part of the problem as I see it, is the media cannot do too many “feel good” stories. It is all doom and gloom, seriously. We open the Newspaper or turn on the 6 Oclock news to see who died, who got shot, who was robbed and who was in an accident. Granted, a story about someone that drove safely from home to work is much less interesting…you get my point and so does Professor Weinberg

“When the economy is humming along and things are going smoothly, that’s not as interesting as when things head south,” Weinberg said. “It creates sad and unfortunate situations, but they are nonetheless interesting stories about the economic conditions.”

I have mentioned it many times here that you have to pay attention to the local market not the national news. We have our problems, but we also have our victories. And we had a 171 in July that didn’t make the paper.

Have a great day.

September 3, 2008 · Filed Under Frederick MD Real Estate, Frederick Market Conditions

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2008 Brunswick High School Football Schedule

It’s High School Football time again in Frederick County. Here is your teams schedule for the 2008 Football season.

2008 Brunswick High School Football

Date		Opponent	Time
9/5/08	vs	Poolesville	7:00 PM
9/12/08	@	Liberty	7:00 PM
9/18/08	vs	Middletown	7:00 PM
9/26/08	@	Walkersville	7:00 PM
10/3/08	@	Williamsport	7:00 PM
10/10/08	@	Smithsburg	7:00 PM
10/17/08	vs	Boonsboro	7:00 PM
10/24/08	vs	North Hagerstown	7:00 PM
10/31/08	vs	Clear Spring	7:00 PM
11/7/08	@	Catoctin	7:00 PM

Schedules are subject to change without notice. If you notice an error or ommission, please email me or leave a comment below and I will correct as quickly as possible.