Frederick County Maryland Real Estate as of 6/28/11

   The Real Estate Market numbers trending so far for Frederick County for June have flipped.  Previously this month, the Sold numbers were running slightly behind and the Pending Sales numbers slightly ahead of last month.  Currently, that has reversed with the Sold number now running ahead and the Pending Sale number running behind last month.  As of the 28^th of June the SOLD number is 185 units, 12 units AHEAD of the 173 units SOLD as of May 28^th.  Of those SOLD units, 38 units were Foreclosed homes and 24 were Short Sales.  There were 259 New Pending Contracts as of June 28^th, 27 of which were on Foreclosed properties and 69 on Short Sales.  The 259 Pending Sales units puts Frederick County 19 Pending Sale units behind the number as of the 28^th of May.  There have been 344 New Listings thus far in June, 31 of them were identified as Foreclosures and 57 as Short Sales.  One interesting note is that all five counties are showing the same trend, Sold units are running ahead and Pending Sales are running behind last month.

                     As of 6/28      As of 5/28    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                  185*               173           *Approx 77% of the way to beat May 11 (235) and 65% of the way to beat Jun 10 (283)

Pending            259#              278          #Approx 82% of the way to beat May 11 (278) and 22% ABOVE Jun 10 (212)

In addition to the normal chart, below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 32.95% (Down 1.12% from last week).  All five counties' percentages fell this week with Howard falling the most.   Montgomery still maintains the highest percentage while Frederick maintains second place.

Percent of Homes Under Contract vs. Total

Current Active vs. Contract Snapshot
	Total	Active	Contract	% Contr	% Chg vs LW
Carroll	1418	1138	280	19.75%	-1.94%
Frederick	1903	1276	627	32.95%	-1.12%
Howard	2100	1503	597	28.43%	-2.21%
Montgomery	5816	3549	2267	38.98%	-0.67%
Washington	1170	936	234	20.00%	-2.20%
6/30/2011

* Distressed Property Activity - Frederick County:

Of the 1276 "Active" properties, 289 (53 Foreclosure, 236 Short Sale) are "Distressed" properties (23%)

Of the 627 "Under Contract" properties, 321 (51 Foreclosure, 270 Short Sale) are "Distressed" properties (51%)

NOTE:  This past week, the Active properties percentage was stable at 23% while the Under Contract percentage rose by 2% to 51%.  This increase is likely due to the larger number of settlements at the end of the month dropping the under contract count, while the Under Contract distressed properties continue to wait for bank approval.  Frederick’s current Active Inventory count is 1276 units, a DECREASE of 9 units from last week.

Visit my website for more information and to sign up for County Reports in a graph format.  In addition to Frederick County, I cover Carroll, Howard, Montgomery, and Washington Counties in Maryland.  Click on the County Reports Button on the left side of my Home Page.

http://www.bobsawchuck.com/ or scan the code below from your smartphone:



Thus ends my post.  See you next time.

Bob

Frederick County Maryland Real Estate as of 6/21/11

The Real Estate Market numbers so far in June for Frederick County continue to be stable and have varied only minimally from the May numbers.  The SOLD number, as of the 21^st, is 114 units, 6 units behind the 120 units SOLD as of May 21^st.  Of those SOLD units, 21 units were Foreclosed homes and 16 were Short Sales.  There were 206 new Pending Contracts as of June 21^st, 20 of which were on Foreclosed properties and 54 on Short Sales.  The 139 Pending Sales puts Frederick County 9 Pending Sale units AHEAD of the number as of the 21^st of May.  There have been 271 New Listings thus far in June, 26 of them were identified as Foreclosures and 41 as Short Sales. 

                     As of 6/21      As of 5/21    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                  114*              120           *Approx 49% of the way to beat May 11 (235) and 40% of the way to beat Jun 10 (283)

Pending            206#             197          #Approx 65% of the way to beat May 11 (278) and 97% of the way to beat Jun 10 (212)

In addition to the normal chart, below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 34.07% (UP 0.24% from last week).  Three of the five counties' percentages rose this week with Howard rising the most.   Montgomery still maintains the highest percentage while Frederick maintains second place.

Percent of Homes Under Contract vs. Total

Current Active vs. Contract Snapshot
	Total	Active	Contract	% Contr	% Chg vs LW
Carroll	1448	1134	314	21.69%	0.05%
Frederick	1949	1285	664	34.07%	0.24%
Howard	2151	1492	659	30.64%	0.46%
Montgomery	5929	3578	2351	39.65%	-0.35%
Washington	1171	911	260	22.20%	-0.08%
6/23/2011

* Distressed Property Activity - Frederick County:

Of the 1285 "Active" properties, 295 (58 Foreclosure, 237 Short Sale) are "Distressed" properties (23%)

Of the 664 "Under Contract" properties, 327 (58 Foreclosure, 269 Short Sale) are "Distressed" properties (49%)

NOTE:  This past week, both the Active properties and Under Contract percentages were stable at 23% and 49% respectively.  Frederick’s Active Inventory count was 1285 units, an increase of only 2 units from last week.  As a comparison, Frederick’s Active Inventory count on Dec 30, 2010 was 1291.

Visit my website for more information and to sign up for County Reports in a graph format.  In addition to Frederick County, I cover Carroll, Howard, Montgomery, and Washington Counties in Maryland.  Click on the County Reports Button on the left side of my Home Page.

http://www.bobsawchuck.com/ or scan the code below from your smartphone:



Thus ends my post.  See you next time.

Bob

Frederick County Maryland Real Estate as of 6/14/11

   The Real Estate Market numbers so far in June for Frederick County are relatively stable vs. the same period in May.  The SOLD number, as of the 14^th, is 66 units, 7 units behind the 73 units SOLD as of May 14^th.  Of those SOLD units, 11 units were Foreclosed homes and 11 were Short Sales.  There were 139 New Pending Contracts as of June 14^th, 11 of which were on Foreclosed properties and 35 on Short Sales.  The 139 Pending Sales puts Frederick County 5 Pending Sale units ahead of the number as of the 14^th of May.  There have been 189 New Listings thus far in June, 20 of them were identified as Foreclosures and 31 as Short Sales. 

                     As of 6/14      As of 5/14    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                    66*                73           *Approx 28% of the way to beat May 11 (235) and 23% of the way to beat Jun 10 (283)

Pending            139#             134          #Approx 44% of the way to beat May 11 (278) and 66% of the way to beat Jun 10 (212)

Below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 33.83% (UP 0.10% from last week).  Three of the five counties' percentages rose this week with Carroll rising the most.   Montgomery still maintains the highest percentage while Frederick maintains second place.

Percent of Homes Under Contract vs. Total

Current Active vs. Contract Snapshot
	Total	Active	Contract	% Contr	% Chg vs LW
Carroll	1456	1141	315	21.63%	0.56%
Frederick	1939	1283	656	33.83%	0.10%
Howard	2157	1506	651	30.18%	0.51%
Montgomery	6000	3600	2400	40.00%	-0.08%
Washington	1176	914	262	22.28%	-0.71%
6/16/2011

* Distressed Property Activity - Frederick County:

Of the 1283 "Active" properties, 293 (56 Foreclosure, 237 Short Sale) are "Distressed" properties (23%)

Of the 656 "Under Contract" properties, 324 (61 Foreclosure, 263 Short Sale) are "Distressed" properties (49%)

NOTE:  This past week, the Active properties percentage was stable at 23% while the Under Contract percentage dropped 2% to 49%.  This is the first time the Under Contract percentage has been under 50% since I started looking at the data over a year ago.  The number had been as high as 64% at one point.  Frederick’s Active Inventory Count was 1283 units, an increase of only 6 units from last week. 

Visit my website for more information and to sign up for County Reports in a graph format.

http://www.bobsawchuck.com/ or scan the code below from your smartphone:



Thus ends my post.  See you next time.

Bob

Frederick County Maryland Real Estate

   Frederick County’s May Real Estate numbers continue the solid run it has maintained for the past several months.  SOLD units were 235, 9% ABOVE April of 2011.  While that number is 20% below April of 2010, it comes as no surprise since April 2010 was the first month after the end of the government Tax Credit and its SOLD numbers were artificially high.  Continuing the good news was the Pending Sales number.  Frederick County posted 315 new Pending Sales in May, a 6% increase over April of 2011 and a 61% increase over April 2010.  While it was to be expected that Pending Sales would be higher than April 2010, again because of the end of the Tax Credit, the over 60% increase is a very good sign of the strength of the current market activity.  

The Total Volume Sold for Frederick County in May was $57,399,608, an increase of nearly 11 ½% over April which was $51,499,689 and as expected, down from 2010 (by 25%).  The Average Sold Price of $244,254 was nearly 2% higher than the $239,533 for April.   The Median Sold Price was $218,000, which was approx 4% higher than the $210,000 for April.  These are all good numbers and another good number is the Average Days on Market.  For May, Frederick County’s Average was 107 days vs. an average of 125 days in April, good for an improvement of approx 14%. 

                       May FINAL    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                   235*           *Approx 9% ABOVE Apr 11 (215) but 20% below May 10 (293)

Pending            278#          #Approx 6% ABOVE Apr 11 (298) and 61% ABOVE May 10 (196)

So far in June, the SOLD number, as of the 7^th, is 27 units vs. 31 units as of May 7th.  Five of those sales were of Foreclosed homes and five were short sales.  There were 73 New Pending Contracts as of June 7^th, 8 of which were on Foreclosed properties and 18 on Short Sales.  The 73 Pending Sales puts Frederick County 8 Pending Sale units ahead of the number as of the 7^th of May.  There have been 105 New Listings thus far in June, 18 of them were identified as Foreclosures and 20 as Short Sales. 

                  As of 6/7    As of 5/7    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold              27*              31           *Approx 12% of the way to beat May 11 (235) and 10% of the way to beat Jun 10 (283)

Pending       73#             65           #Approx 23% of the way to beat May 11 (278) and 34% of the way to beat Jun 10 (212)

In addition to the normal chart, below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 33.73% (down 0.33% from last week).  Four of the five counties' percentages fell this week. Carroll was the only county to in the positives as it rose by .79%.   Montgomery still maintains the highest percentage while Frederick maintains second place.

Percent of Homes Under Contract vs. Total

Current Active vs. Contract Snapshot
	Total	Active	Contract	% Contr	% Chg vs LW
Carroll	1447	1142	305	21.08%	0.79%
Frederick	1927	1277	650	33.73%	-0.33%
Howard	2150	1512	638	29.67%	-0.29%
Montgomery	5983	3585	2398	40.08%	-1.01%
Washington	1170	901	269	22.99%	-0.67%
6/9/2011

* Distressed Property Activity - Frederick County:

Of the 1277 "Active" properties, 300 (60 Foreclosure, 240 Short Sale) are "Distressed" properties (23%)

Of the 650 "Under Contract" properties, 332 (67 Foreclosure, 265 Short Sale) are "Distressed" properties (51%)

NOTE:  This past week, the Active properties percentage was stable at 23% while the Under Contract percentage dropped 1% to 51%.  Frederick’s Active Inventory Count was 1277 units, an increase of only 1 unit from last week. 

Don't forget to visit my website http://www.bobsawchuck.com/. 

Thus ends this post.  See you next time..

Bob