ODENTON MD 21113
The effects of BRAC are not being felt yet in Odenton (21113) - which kinda surprises me, given its proximity to Ft. Meade and the NSA. I expected savvy investors to start buying up property in Odenton long before now - and certainly now that the market has levelled off a bit.
According to June sales statistics released today by MRIS, the real estate market for Odenton (21113) remained relatively stable last month, consistent with the immediate surrounding area.
| June (21113) | 2007 | 2006 | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 19,104,210 | $ 23,979,151 | - 20.33 % |
| Average Sold Price: | $ 347,349 | $ 352,635 | - 1.50 % |
| Median Sold Price: | $ 325,000 | $ 342,158 | - 5.01 % |
| Total Units Sold: | 55 | 68 | - 19.12 % |
| Average Days on Market: | 73 | 53 | 37.74 % |
| Average List Price for Solds: | $ 360,315 | $ 362,509 | - 0.61 % |
| Avg Sale Price as a percentage of Avg List Price: | 96.40 % | 97.28 % |
As I have mentioned in previous posts, the ratio of new listings and new sales is something I look for each month. In June 2007, there were 85 new listings in Odenton, and just 35 new sales. Another thing we're seeing now that we didn't a year ago is contingent contracts - 13 of those during June.
As of today, 7/10/07, there are 56 detached homes, 180 townhomes, 57 condos, and 2 semi-detached homes for sale or rent in Odenton (21113).
If you are considering real estate for investment, Odenton is the place to buy!
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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.
__________________________________
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
