Frederick County Maryland Real Estate as of 8/14/11

Frederick County’s August SOLD units are continuing to run well as of the 14^th of the month.  SOLD units are at 74, 18 ahead of the July 14^th number.  Eleven of these are indicated as Foreclosures and 13 as Short Sales.  Pending Sales are at 112 as of the 14^th of the month, 10 units behind the 122 recorded as the 14^th of July.  Ten of these are indicated as Foreclosures and 36 as Short Sales.  So far there have been 158 New Listings for the month, 9 indicated as Foreclosures and 28 as Short Sales.

                     As of 8/14      As of 7/14    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                    74*                57           *Approx 34% of the way to beat July 11 (221) and 33% of the way to beat Aug 10 (227)

Pending            112#             122          #Approx 42% of the way to beat July 11 (270) and 51% of the way to beat Aug 10 (221)

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 30.67% (down 0.62% from last week).  This week’s numbers were split with three counties' percentages RISING this week and two falling.  Washington rose 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	1412	1129	283	20.04%	-0.01%
Frederick	1816	1259	557	30.67%	-0.62%
Howard	2036	1494	542	26.62%	0.06%
Montgomery	5419	3348	2071	38.22%	0.04%
Washington	1127	866	261	23.16%	0.20%
8/16/2011

* Distressed Property Activity - Frederick County:

Of the 1259 "Active" properties, 293 (41 Foreclosure, 252 Short Sale) are "Distressed" properties (23%)

Of the 557 "Under Contract" properties, 297 (40 Foreclosure, 257 Short Sale) are "Distressed" properties (53%)

NOTE:  This past week, both the Active properties percentage and Under Contract percentage were stable at 23% and 53%, respectively.  Frederick’s current Active Inventory count is 1259 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.

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Thus ends my post.  See you next time.

Bob