| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $3,784,785 | $3,443,400 | +9.91% |
| Average Sold Price | $344,071 | $430,425 | -20.06% |
| Median Sold Price | $290,000 | $391,500 | -25.93% |
| Total Units Sold | 11 | 8 | +37.50% |
| Average Days on Market | 187 | 148 | +26.35% |
| Average List Price for Solds | $397,368 | $469,507 | -15.36% |
Gambrills MD is a large, spread out community, but rarely has the number of sales of neighboring communities like Crofton and Odenton MD. This is due to the more rural nature of Gambrills MD. Many of the homes in Gambrills MD are on multiple acres, unlike Crofton and Odenton MD.
Total sold dollar volume seems to have stabilized and actually increased almost 10% when comparing August 2009 to August 2008.
Both average and median prices are down reflecting more purchases in the lower price ranges. You can see this pretty clearly from the Average List Price for Solds data row. A reduction of -15.36% from last year.
Days on the Market to sell a property increased +26.35% in Gambrills. It now takes, on average, 187 days to sell your Gambrills MD home. Gambrills MD is a wonderful community with excellent home values.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
©2009 - RichSellsHomes, All Rights Reserved
Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
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