DAVIDSONVILLE MD 21035
Sales comparisons between April 2006 and 2007 don't mean much for Davidsonville, MD, when there was only one sale during April 2006. That seems crazy, but it's the information reported by Metropolitan Regional Information Systems, Inc., the regional multiple lsting service that includes Davidsonville.
I think we need to focus on the 2007 information, specifically the fact that there were 14 new listings in April, 4 new contracts, and 6 new settlements (see Total Units Sold below). Those 6 units were on the market for an average of 217 days - almost 2/3 of a year. If you have a home in Davidsonville to sell, therefore, it would be a good idea to plan ahead.
| Davidsonville (21035) | 2007 | 2006 | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 3,899,073 | $ 700,000 | 457.01 % |
| Average Sold Price: | $ 649,845 | $ 700,000 | - 7.16 % |
| Median Sold Price: | $ 519,500 | $ 700,000 | - 25.79 % |
| Total Units Sold: | 6 | 1 | 500.00 % |
| Average Days on Market: | 217 | 68 | 219.12 % |
| Average List Price for Solds: | $ 729,883 | $ 699,999 | 4.27 % |
| Avg Sale Price as a percentage of Avg List Price: | 89.03 % | 100.00 % |
Another factor to consider is the average sale price as a percentage of average list price - less than 90%. So don't plan on a full-price sale! Actually, I recommend pricing your property very conservatively - you might actually inspire a full price offer and even a bidding war. That strategy has been known to work in past buyers' markets.There has never been a more important time to choose a real estate agent with experience - one who has successfully navigated a buyer's market in the past. This is no time for you to be involved in any agent's learning curve! The statistics speak for themselves on this topic.
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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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 721-1500
