Where there’s smoke, there’s fire, and the source has been the real estate market in Bel Air, MD! During September, there was a whopping $29 million in residential homes moved, which is up 12% over the same month in 2015. This represented the sale of 97 homes, where the average sales price was $298,000. This was a modest increase over last year of 1.5%.
The highest-priced home sale was in Willow Chase on Springvale drive, and sold for $790,000. A picture of this property can be seen below.
The inventory issue doesn’t seem to be affecting Bel Air real estate as much as other areas. At last count, there were 312 homes actively listed, which is down from 326 during September of 2015. That’s a decrease of only 4.29%, compared to double-digit decreases in most areas.