We haven't seen the number of home sales fall on a year over year basis in a while, but we're going to discuss just that. In Havre de Grace, MD, for the month of October 2016, the number of home sales in the town fell by one to 24 for the month. With that, the median sales price remained constant at $270,000, reflecting the type of home you're likely to find in the waterfront community.
It took a little longer to sell a home in this zip code. This year, it took 17% longer to sell a home in Havre de Grace than it did last October, which was an increase from 93 days last year to 109 this year; this is also longer than it took in most other nearby zip codes in Harford County.
The highest sales price came from Bulle Rock, where 1126 Oak Tree drive changed ownership. The final sales price was $508,000 for the beautiful colonial in the upscale neighborhood, just off of Chapel road.
People in Harford County have been enjoying a thriving real estate market recently! In November 2016, things continued their upward swing, with one little outlier statistic that we still haven’t figured out, although we have some theories. Also, the high sale was one of the largest recorded residential deals in Harford County in many years.
The number of sales in November was up 15.1% over the same month in 2015, and it took almost 10% fewer days for a deal to close than last year. So instead of it taking 91 days to sell the average home last November, it only took 82 days this year. The downside is that the active listings continue to drop, dipping 17.55% from the 11th month of 2015. That means if you’re in the market to buy, you’ll have less to choose from and more competition.
The highest-priced sale took place in Fallston and was brokered by Krauss Real Property Brokerage. The home’s address is 2501 Pocock Rd, and it sold for $4.6 million! The home’s structure is over 12,000 square feet, and it sits on an astonishing 247 acres! A picture of the front of the estate is below.