People have been on the fence about the real estate market in Aberdeen, MD. I’ve heard everything from “BRAC (Base Realignment and Closure) wasn’t all it was cracked up to be,” and “they overbuilt the area preparing for what would never happen.” While this could be partly true, I’d like to point out that it could be that the building may have just been done a little too early and that the market in Aberdeen is stronger now than it was at the peak of the Base Realignment.
There were 26 homes that got a new owner in Aberdeen, MD during November 2016 (the month for which we have the most recent, complete statistics), which was a hike of 36% over the same month last year! With that, the average sales price hopped just under 20% to $198,488. It took a few days longer to sell a home in the 21001, but that’s a small trade for the other booming metrics.
Of the homes that sold, two-thirds were detached and the rest were condos or townhomes. Despite the amount of “attached” listings that were available, it shows that the demand was strong for single family places to accommodate an entire family as opposed to a single person. The number of active listings is down in Aberdeen, MD as well, falling 22.7% from last year, continuing the trend throughout the country of limited inventory and growing prices.
The highest sales price for a home in Aberdeen, MD in November 2016 was a new property delivered by Ryan Homes in the Eagle’s Rest community, just off route 22 toward Churchville. A picture of the beautiful colonial is below, which is located at 705 Turkana Circle and sold for $454,020.
If you’re in the market for something like this, or any real estate for that matter, feel free to contact us at firstname.lastname@example.org or phone at (443) 866-6728.
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.