Frederick County Maryland Real Estate as of 7/28/11

The SOLD and Pending Sale numbers for Frederick County for July continue to lag behind June’s number.  The holiday at the beginning of the month caused the unit counts to start the month in a bit of a hole, however throughout the month, activity has been stable and in fact, showing activity has picked up in the latter part of the month.  This indicates that the numbers are behind simply because of the “lost” first week of the month and shows that buyers are out there.  Many are looking to find a home before the end of summer.  Of the 169 SOLD units as of the 28^th, 20 are identified as Foreclosures, with 25 being identified as Short Sales.  The 169 SOLD count is 16 units behind June’s number as of the 28^th. As far as Pending Sales, 27 of the 224 recorded thus far in July are indicated as Foreclosures and 67 as Short Sales.  The July total Pending Sales of 224 is 35 units behind June’s number of 259 as of this point in the month.  New Listing totals for July as of the 28^th are 295, 17 indicated as Foreclosures and 63 as Short Sales.  As of July 30, the Current Active Inventory is only 1256 units. 

                     As of 7/28      As of 6/28    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                   169*            185           *Approx 66% of the way to beat June 11 (258) and 77% of the way to beat Jul 10 (220)

Pending            224#            259          #Approx 73% of the way to beat June 11 (306) and 94% of the way to beat Jul 10 (239)

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 31.22% (Down 0.45% from last week).  All five counties' percentages dropped this week with Frederick and Carroll dropping the least.   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	1417	1142	275	19.41%	-0.45%
Frederick	1826	1256	570	31.22%	-0.45%
Howard	2033	1506	527	25.92%	-0.93%
Montgomery	5510	3446	2064	37.46%	-1.21%
Washington	1150	906	244	21.22%	-1.33%
7/30/2011

* Distressed Property Activity - Frederick County:

Of the 1256 "Active" properties, 286 (42 Foreclosure, 244 Short Sale) are "Distressed" properties (23%)

Of the 570 "Under Contract" properties, 316 (47 Foreclosure, 269 Short Sale) are "Distressed" properties (55%)

NOTE:  This past week, the Active properties percentage was again stable at 23% while the Under Contract property percentage rose by 2% to 55%.  The rise in Under Contract percentage is not unexpected at this time of the month.  The change reflects two factors, the decline in the number of Under Contract units, mostly due to settlements, (from 594 last week to 570 this week) coupled with the stability of the distressed properties under contract (317 last week vs. 316 this week.)   The fact that many distressed properties take longer to sell keeps the Under Contract property count high since these typically take many months to reach settlement.  Frederick’s current Active Inventory count is 1256 units, a DECREASE of 26 units from last week.  Frederick’s inventory level remains quite low by comparison to other counties.

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 7/21/11

The SOLD and Pending Sale numbers for Frederick County numbers for July continue to lag behind June’s number.  The real estate activity started out the month slowly, with the holiday on the 4th, and while the activity is stable, the numbers have continued to run behind since that time.   Of the 106 SOLD units as of the 21^st, 15 are identified as Foreclosures, with 17 being identified as Short Sales.  The 106 SOLD count is 8 units behind June’s number as of the 21^st. As far as Pending Sales, 22 of the 173 recorded thus far in July are indicated as Foreclosures and 51 as Short Sales.  The July total Pending Sales of 173 is 33 units behind June’s number of 206 as of this point in the month.  New Listing totals for July as of the 21^st are 177, 14 indicated as Foreclosures and 52 as Short Sales.  As of July 16, the Current Active Inventory is only 1282 units. 

                     As of 7/21      As of 6/21    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                   106*            114           *Approx 41% of the way to beat June 11 (258) and 48% of the way to beat Jul 10 (220)

Pending            173#            206          #Approx 57% of the way to beat June 11 (306) and 72% of the way to beat Jul 10 (239)

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 31.66% (Down 0.71% from last week).  Three of 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	1440	1154	286	19.86%	0.56%
Frederick	1876	1282	594	31.66%	-0.71%
Howard	2078	1520	558	26.85%	0.29%
Montgomery	5669	3477	2192	38.67%	0.02%
Washington	1171	907	264	22.54%	-0.02%
7/23/2011

* Distressed Property Activity - Frederick County:

Of the 1282 "Active" properties, 292 (42 Foreclosure, 250 Short Sale) are "Distressed" properties (23%)

Of the 594 "Under Contract" properties, 317 (49 Foreclosure, 268 Short Sale) are "Distressed" properties (53%)

NOTE:  This past week, the Active properties percentage was again stable at 23% while the Under Contract property percentage rose by 1% to 53%.  Frederick’s current Active Inventory count is 1282 units, an increase of 16 units from last week.  Frederick’s inventory level remains quite low by comparison to other counties.

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 July 14

So far for the month of July, the SOLD and Pending Sale numbers are below June’s number, however, with the holiday weekend falling in that period, those numbers are not surprising.   Of the 57 SOLD units in July, 7 are identified as Foreclosures, with 7 being identified as Short Sales.  As far as Pending Sales, 19 of the 122 are indicated as Foreclosures and 28 as Short Sales.  New Listing totals for July as of the 14^th are 158, 8 indicated as Foreclosures and 36 as Short Sales.  As of July 16, the Current Active Inventory is only 1266 units.  Showing activity seems to have picked back up after the holiday week.  There is hope that the July numbers will catch up and surpass June’s and continue the strong showing for the area.

                     As of 7/14      As of 6/14    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                    57*               66           *Approx 22% of the way to beat June 11 (258) and 26% of the way to beat Jul 10 (220)

Pending            122#            139          #Approx 40% of the way to beat June 11 (306) and 57% of the way to beat Jul 10 (239)

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 32.37% (Down 0.11% from last week).  Three of five counties' percentages rose this week with Washington 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	1440	1162	278	19.31%	0.13%
Frederick	1872	1266	606	32.37%	-0.11%
Howard	2097	1540	557	26.56%	-1.04%
Montgomery	5750	3528	2222	38.64%	0.45%
Washington	1161	899	262	22.57%	1.31%
7/16/2011

* Distressed Property Activity - Frederick County:

Of the 1276 "Active" properties, 284 (49 Foreclosure, 235 Short Sale) are "Distressed" properties (23%)

Of the 601 "Under Contract" properties, 314 (50 Foreclosure, 264 Short Sale) are "Distressed" properties (5221%)

NOTE:  This past week, both the Active and Under Contract properties percentage was stable at 23% and 52%, respectively.  Frederick’s current Active Inventory count is 1266 units, an increase of 17 units from last week.  Frederick’s inventory level remains quite low by comparison to other counties.

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