In June, the Average Sold Price in Perry Hall showed a remarkable increase even though the number of homes sold was down. The average price was just over $90,000 higher than the month before in May, and up over $51,000 from June of last year! The Average Days on Market for these homes also fell significantly - down 84 days from May and 34 days from 2011.
Even though the Average Sold Price was up, both the Attached and Detached Sold Prices were down from 2011 - while the Attached Sold Price was only down a little more than $1,000, the Detched Sold Price was down over $20,000. However, the Attached Average was up $9,000 when compared to May's average, and the Detached Average up a fantastic $63,968 from the month before!
With inventory still at low levels and interest rates at historic lows, it will be interesting to see what the real estate market looks like throughout the summer.
Real Estate Numbers - Perry Hall, 21128 June 2012 May 2012 June 2011 Baltimore Co. June 2012 Average Sold Price $372,843 $282,766 $321,269 $265,878 Number of Homes Sold 11 15 16 741 Average Days on Market 60 144 94 97 Attached Average Sold Price $218,758 $209,363 $220,033 $194,186 Attached # Homes Sold 3 8 9 276 Detached Average Sold Price $430,625 $366,657 $451,429 $308,431 Detached # Homes Sold 8 7 7 465
Real Estate Numbers - Kingsville, 21087 June 2012 May 2012 June 2011 Baltimore Co. June 2012 Average Sold Price $358,500 $441,475 $635,160 $265,878 Number of Homes Sold 5 4 2 741 Average Days on Market 26 11 302 97 Attached Average Sold Price - - - $194,186 Attached # Homes Sold 0 0 0 276 Detached Average Sold Price $358,500 $441,475 $635,160 $308,431 Detached # Homes Sold 5 4 2 465
Even though these local real estate numbers by zip code give us a lot of information about how our local market is doing, much depends on the inventory sold that month. For example, a single family home's value can vary immensely by square footage, number of bedrooms and bathrooms, updates to the home, etc. Because of such variation, we expect the numbers each month to fluctuate a bit based on the inventory sold in that month.
If you would like to get more information specific to your type of home and your subdivision or immediate neighborhood, feel free to contact me by email at Rebecca@RebeccaJenkinsRealtor.com for this information.