Aaron Rice\’s Blog

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Towson, MD 21286 Market Trends Report     8/6/11

My independent MRIS research shows that 4% of the current active residential inventory

in the 21286 zip code is distressed (short sale or bank owned).  

There are currently 94 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 139.  

There are currently 25 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  

There were 24 listings that expired or were withdrawn from the market in the last 60-days.  The average day™s on market was 140.  

There were 38 properties that sold in the last 60-days.  The average day™s on the market was 69.  Seller™s got 96.44% of list price.

Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if sellers are not in the ballpark.  There is currently 6.06 months of inventory on the market in the 21286 zip code.  

It™s very important that sellers price the property correctly and competitively.  Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.WeFindRealEstateDeals.com

443-244-0051 C

410-342-4444 O

Randallstown, MD 21133 Market Trends Report

My independent MRIS research shows that 40% of the current active residential inventory in the 21133 zip code is distressed (short sale or bank owned).

There are currently 113 active listings on the market  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market. The average day’s on the market for these active properties is 164.

There are currently 58 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.

There were 28 listings that expired or were withdrawn from the market in the last 60-days. The average day’s on market was 219.

There were 39 properties that sold in the last 60-days. The average day’s on the market was 99. Seller’s got 93.92% of list price.

Buyers have a sense of what’s fair market value and what’s not and they just won’t show up if sellers are not in the ballpark. There is currently 5.34 months of inventory on the market in the 21133 zip code. It’s very important that sellers price the property correctly and competitively.

Buyers are looking for value pricing and if sellers don’t meet these expectations, they’re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

www.WeFindRealEstateDeals.com

Keller Williams Realty Baltimore

2936 O’Donnell St.

Baltimore, MD  21224

443-244-0051 Office

443-244-0051 Cell

My independent MRIS research shows that 16% of the current active residential inventory in the 21213 zip code is distressed (short sale or bank owned).   There are currently 315 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 250.  There are currently 66 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  There were 96 listings that expired or were withdrawn from the market in the last 60-days.   The average day™s on market was 235.   There were 45 properties that sold in the last 60-days.  The average day™s on the market was 106.  Seller™s got 86.77% of list price. Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if sellers are not in the ballpark.  There is currently 15.62 months of inventory on the market in the 21213 zip code.   It™s very important that sellers price the property correctly and competitively.   Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.    

Prepared By:                                                                                                        

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.BaltimoreMarketTrends.com

443-244-0051 Cell

410-342-4444 Office                                                                                                                        

Don’t miss out on the incredible opportunity available in today’s real estate market! Tour-10 luxury foreclosures from $150k up to $1.1Million. With record-low mortgage rates and bargain-basement prices – www.WeFindRealEstateDeals.com is your guide to a high-tech luxury treasure hunt staged throughout Baltimore’s Inner Harbor by motivated buyer’s equipped with GPS devices.

The basic idea is to locate hidden real estate treasures, called geo-deals, and then share your experiences online. Increasingly, first time home buyer’s, move-up buyer’s and real estate investors are facilitating this solution.

“As markets face the challenges of Short Sales & Bank Owned-REO’s, motivated buyer’s have the opportunity to find productive deals while helping communities stabilize,” Rice said.  

Register Now! www.GeoDeals.EventBrite.com.    

Baltimore, MD 21212 (Govans) Market Trends Report

By www.WeFindRealEstateDeals.com

My independent MRIS research shows that 24% of the current active residential inventory in the 21212 zip code is distressed (short sale or bank owned).   There are currently 151 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 174.  There are currently 25 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  There were 27 properties that sold in the last 60-days.  The average day™s on the market was 125.  Seller™s got 92.29% of list price. Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if you are not in the ballpark.  There is currently 10.41 months of inventory on the market in the 21212 zip code.   It™s very important that sellers price the property correctly and competitively.   Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.BaltimoreMarketTrends.com

443-244-0051 Cell

410-342-4444 Office

Baltimore, MD 21215 (Woodmere) Market Trends Report

By www.WeFindRealEstateDeals.com

My independent MRIS research shows that 30% of the current active residential inventory in the 21215 zip code is distressed (short sale or bank owned).   There are currently 350 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 180.  There are currently 72 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  There were 54 properties that sold in the last 60-days.  The average day™s on the market was 94.  Seller™s got 96.15% of list price. Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if you are not in the ballpark.  There is currently 12.96 months of inventory on the market in the 21215 zip code.   It™s very important that sellers price the property correctly and competitively.   Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.BaltimoreMarketTrends.com

443-244-0051 Cell

410-342-4444 Office

Baltimore, MD 21217 (Reservoir Hill) Market Trends Report

By www.WeFindRealEstateDeals.com

My independent MRIS research shows that 25% of the current active residential inventory in the 21217 zip code is distressed (short sale or bank owned).   There are currently 346 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 265.  There are currently 53 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  There were 35 properties that sold in the last 60-days.  The average day™s on the market was 123.  Seller™s got 83.73% of list price. Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if you are not in the ballpark.  There is currently 18.37 months of inventory on the market in the 21217 zip code.   It™s very important that sellers price the property correctly and competitively.   Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.BaltimoreMarketTrends.com

443-244-0051Cell

410-342-4444 Office

Baltimore, MD 21216 (Rosemont) Market Trends Report

By www.WeFindRealEstateDeals.com

My independent MRIS research shows that 34% of the current active residential inventory in the 21216 zip code is distressed (short sale or bank owned).   There are currently 286 active listings on the market.  Most of these properties are overpriced or are in less than ideal condition that do not attract buyers and just sit on the market.  The average day™s on the market for these active properties is 197.  There are currently 58 properties under-contract. These buyers have found and are expecting and getting a great value-a good property at a good price and with all the competition for their attention, they have a lot of choices.  There were 36 properties that sold in the last 60-days.  The average day™s on the market was 75.  Seller™s got 91.44% of list price. Buyers have a sense of what™s fair market value and what™s not and they just won™t show up if you are not in the ballpark.  There is currently 15.60 months of inventory on the market in the 21216 zip code.   It™s very important that sellers price the property correctly and competitively.   Buyers are looking for value pricing and if sellers don™t meet these expectations, they™re property will be overpriced and overlooked.

Prepared By:

Aaron Rice, CDPE, CIAS, CLHMS, CRS, GRI, SHS

www.BaltimoreMarketTrends.com  

443-244-0051  Cell

410-342-4444 Office