Market Conditions for Condos in Frederick County
December 3, 2007 by Bob Carney
Filed under Market Conditions, Real Estate Topics, frederick real estate
Condos seem to have been the litmus test of the real estate industry. As the sales increase so do the rest of the market. I guess it’s a matter of where either one starts or one finishes their home buying process. First Time home buyers find the price of condos to be an attractive place to start their real estate portfolio. Condos are usually the right size, more luxurious than their previous apartment, definitely better looking than their room at Mom and Dad’s and most cases maintenance free. So condos are usually an excellent choice for getting a start on your homeownership.
On the other end of the spectrum, you have the “empty nesters” down sizing. Couples that have raised their family, had the big house with the picket fence and are now tired of cutting the grass, raking leaves, cleaning all those empty rooms and end up heading over to the condominium purchase. The Active Adult communities are made up of condominium association with features and amenities conducive to the lifestyles of the 55 and older crowd. You find this demographic prefers something more on the luxurious side. They want the finer things in life as they spend (and prepare for) their retirement. Condos allow them security, community, and maintenance free living.
Condo Market 12/03/07
| Condo Assoc. | Active | Contract | Sold in last 90 Days | Price Range |
|---|---|---|---|---|
| Ambertowne | 12 | 1 | 1 | 115,000-162,500 |
| 8th St Mews | 9 | O | 1 | 189,900-219,900 |
| Creekside Plaza | 9 | O | O | 397,900-1,180,000 |
| Jefferson Chase | 10 | O | O | 159,900-234,500 |
| Mill Crossing | 12 | 1 | O | 209,900-249,900 |
| Maxwell Place | 4 | O | 1 | 345,000-673,750 |
| Monacacy Overlook | 4 | O | O | 190,000-205,000 |
| Old Farm Station | 11 | 2 | 3 | 155,000-239,000 |
| Ridgeview II | 6 | 3 | 4 | 215,000-260,000 |
| Springridge | 4 | 1 | 2 | 229,900-245,000 |
| Wormans Mill | 6 | 1 | 1 | 264,900-369,900 |
| All Frederick County | 158 | 16 | 42 | 115,000-1,180,000 |
If you are interest in more information about any of the condos in Frederick, feel free to contact me. I will gladly find you the information that you need.
Edit: Market Conditions provided for Freda
Bob Carney
