ARNOLD MD 21012
45 new listings, and only 20 new contracts in Arnold (21012) during April 2007. Now THAT is a scary figure for home sellers! Yet, as a buyer's agent, I encountered an Arnold home seller (and agent) in April who acted like it was a seller's market - holding out for top dollar, demanding a seller's contingency, and generally ignoring the facts of the marketplace. So keep in mind that statistics are just numbers, and they don't reflect each and every home or situation.
Okay, back to the basics... Here are sales statistics published by MRIS for April 2007 in Arnold (21012):
| 21012 zipcode | 2007 | 2006 | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 8,909,958 | $ 11,685,406 | - 23.75 % |
| Average Sold Price: | $ 424,284 | $ 417,336 | 1.66 % |
| Median Sold Price: | $ 364,000 | $ 343,951 | 5.83 % |
| Total Units Sold: | 21 | 28 | - 25.00 % |
| Average Days on Market: | 177 | 69 | 156.52 % |
| Average List Price for Solds: | $ 459,967 | $ 438,425 | 4.91 % |
| Avg Sale Price as a percentage of Avg List Price: | 92.24 % | 95.19 % |
Here is another interesting fact: There were 7 contingent contracts in addition to the 20 new sales. This is a situation that we haven't seen for a few years, and it reflects the "desperation" of home sellers in today's market.
Home buyers - THIS IS GOOD NEWS FOR YOU! You have not had opportunities like this for years, so don't miss the bandwagon!
MRIS publishes sales statistics monthly, and these are just the highlights. If you would like more information about Arnold or any other zipcode, please contact me at mwoda@remax.net
Copyright 2006-12. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
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Margaret Woda, REALTOR and Associate Broker
Direct: (301)346-2923 or click on EMAIL
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