The October 2010 Crofton, MD, real estate sales numbers are in for zip code 21114, and as you can see, there has been a softening in many areas.
Sales are down -16.35%, but when you compare that to the -37.5% reduction in Anne Arundel County, Crofton home sales are holding up better.
We have to make sure we don't tend to overinterpret the real estate statistics, because we're dealing with a small base. A couple of sales either way and the percentages can swing wildly.
One figure that has been pretty stable over the past few months is the average sold price. We haven't seen significant downward pressure on prices in Crofton for most of this year. That, coupled with the fact that the list to sales ratio if 93%, indicates that home prices are about where they should be for this market.
If you're interested in buying or selling a Crofton, MD home, or a home anywhere in the area, I can help. Call Rich at 443-995-9595.
| October |
2009 | 2010 | % Change |
| Sold Dollar Volume | $8,616,700 |
$7,207,800 |
-16.35% |
| Average Sold Price | $319,137 |
$327,627 |
+2.66% |
| Median Sold Price | $308,000 |
$297,450 |
+3.80% |
| Total Units Sold | 27 |
22 |
-18.52% |
| Average Days on Market | 83 |
110 |
+32.53% |
| Average List Price for Solds | $340,054 |
$352,282 |
+3.60% |
| Average Sale as a % of Average List Price: |
93.85% |
93.00% |
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).
SKYPE ME: RichSellsHomes
Actually your stats are not bad for what we have been seeing
your friend in Charlottesville
CHARLES: We do tend to be in a bit of a bubble here with all the government workers.