BOYDS MD 20841 REAL ESTATE TREND INDICATOR

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BOYDS MD 20841 REAL ESTATE TREND INDICATOR  

If you are planning to purchase or sell a home in Boyds, you will want to know the trends of the market. The following report is for the past month and the statistics are compared with the same month last year. During the month, there were 12 new listings and 8 went to pending new contracts. The sold dollar volume was down 3.39% from last year. There were 44 active listings of homes for sale in Boyds during the month. The number of homes sold was 5 from 6 last year. The average days on the market was 157 days from 83 days last year.  The average sale price was 86.35% of the average list price.  The median sold price was $524,500.  The market is still soft which means that it favors buyers.  Foreclosures and short sales listings still influence the area market.  Buyers are finding it more difficult to qualify for mortgage financing and the trend is to the use of FHA financing which has a minimum cash requirement of 3.5% of the purchase price.  FHA Streamlined 203(k) financing allows borrowers to include up to $35,000 of home improvements in the mortgage amount.  First time buyers have the benefit of the currently available $8,000 federal tax credit for purchases completed before the end of November. All prospective buyers are advised to obtain pre-approval for mortgage financing before submitting an offer.     

Roy Kelley, Associate Broker, RE/MAX Realty Group

Home Search Website:  www.roykelley.com

Email:  roykelley@mris.com;  Client Assistance:  301-670-8996

Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format

ZIP Code: 20841 Boyds, MD
From: 04/01/2009 to 04/30/2009                Statistics generated on: 05/06/2009

  Residential
Unit Sales
Number of Bedrooms
Active Listings   Time on Market
Price Class 2
Or Less  

3
4
 or More  
Condo
Coop
Ground
Rent
Residential
 
Condo
Coop
Ground
Rent
of Units Sold
(No. of Units)
Under $100,000 0 0 0 0 0 0 0 0 1 -30 Days 0
$100,000 - 149,999 0 0 0 0 0 0 0 0 31-60 Days 1
$150,000 - 199,999 0 0 0 0 0 1 3 0 61 - 90 Days 1
$200,000 - 249,999 0 0 0 0 0 0 0 0 91-120 Days 0
$250,000 - 299,999 0 0 0 0 0 0 0 0 Over 120 Days 3
$300,000 - 349,999 0 0 1 0 0 5 0 0 Total 5
$350,000 - 399,999 0 0 0 0 0 2 0 0  
$400,000 - 449,999 0 0 0 0 0 1 0 0 Type of Financing
of Units Sold
(No. of Units)
$450,000 - 499,999 0 0 1 0 0 7 0 0
$500,000 - 599,999 0 0 2 0 0 13 0 0 Conventional 4
$600,000 - 699,999 0 0 0 0 0 8 0 0 FHA 1
$700,000 - 799,999 0 0 0 0 0 2 0 0 VA 0
$800,000 - 899,999 0 0 0 0 0 1 0 0 Assumption 0
$900,000 - 999,999 0 1 0 0 0 0 0 0 Cash 0
$1,000,000 - 2,499,999 0 0 0 0 0 1 0 0 Owner Finance 0
$2,500,000 - 4,999,999 0 0 0 0 0 0 0 0 All Other 0
$5,000,000 & Over 0 0 0 0 0 0 0 0 Unreported 0
Totals 0 1 4 0 0 41 3 0 Total 5
Grand Totals 5 44    
    2009   2008   % Change
Total Sold Dollar Volume: $ 2,795,500 $ 2,893,500 - 3.39 %
Average Sold Price: $ 559,100 $ 482,250 15.94 %
Median Sold Price: $ 524,500 $ 485,000 8.14 %
Total Units Sold: 5 6 - 16.67 %
Average Days on Market: 157 83 89.16 %
Average List Price for Solds: $ 647,500 $ 524,667 23.41 %
Avg Sale Price as a
percentage of Avg List Price:
86.35 % 91.92 %  
Total NEW listings: 12
Total Properties Marked Contract: 3
Total Properties Marked Contingent Contract: 5
Total NEW pendings (Contracts + Contingents): 8

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

Please contact us with your questions on the residential real estate market.  

Your Real Estate Professional,  

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  

Direct:  301-921-4569   

Client Assistance:  301-670-8996

Email: roykelley@mris.com    Fax:  301-921-4586  Main Office:  301-258-7757 x 569

Home Search Website: www.roykelley.com

Blog:  http://activerain.com/blogs/roykelley  

Follow me on Twitter:  http://twitter.com/roykelley  

FIRST TIME HOME BUYER $8,000 TAX CREDIT:   www.federalhousingtaxcredit.com  

Newly increased FHA loan limits for Montgomery County and Frederick County:  $729,750.  New limit for FHA reverse mortgages:  $625,000.

Posted by

Amateur Photographer, Roy and Dolores Kelley Photographs

A real estate broker since 1960, I have retired from RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 

Roy Kelley, Associate Broker

Realty Group Referrals

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Home Office: 301-670-8996



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