The Aberdeen, MD real estate market continued a pretty hot trend in August of 2016, with 36 homes changing owners during the period, totaling a robust $6.2 million in sales-- a 12.6% increase over the same month in 2015. Even though the number of homes sold jumped, the average sales price dipped a bit, mainly due to the number of distressed sales in the area. Of the 36 homes that transferred, 11 were either foreclosures or short sales.
The highest priced sale in Aberdeen, MD during the month was a two-year-old single family home at 712 Bentgrass drive in the Beechtree Estates community, which sold for $426,900. The most active community was Hollywoods, where eight properties changed hands, the highest of which was a Villa for $255,000.
The number of active listings had one of the largest year-over-year decreases that I’ve seen in a while. Last year in August, there were 170 active listings on the market from which to choose; this year, there were only 118 actively listed properties. This is a decrease of 30.59%!
The lower inventory doesn’t mean that you won’t find anything that you’re looking for; it just means you have to work harder. We work with plenty of buyers that are in the real estate market in the area, and use special tools to help them nail down to their specific criteria. We also work with sellers in preparation and marketing for sale in this turbulent market, using marketing strategies tailored for their unique home. Give us a call at (443) 866-6728, email at email@example.com, or search homes actively listed for sale at http://www.highpowerrealty.com/a_46940-properties.html.