Towson 21286 Home Sale Statistics December 2011

Towson has held value over the volatile last few years.

Average sales price was actually UP in 21286 to $330,255 from $246,288 last December. Sales were down slightly, with only 11 homes changing hands versus 15 last year, but that makes the average price even more significant.

Three townhouses in Towson sold with an average price of $181,667, but again, just one foreclosure or short sale could bring the average down tremendously when so few homes sold.

Eight detached homes sold, with an average sales price of $385,975. This tells me that the homes sold were most likely in Towson neighborhoods like Hampton, Wiltondale, Temfield, or Hunt Crest Estates.

Here is the detailed 21286 home sales report for December 2011.

Towson 21204 has also held its’ value, and had a good December, as I wrote in my Towson Patch post.

For more information on your Towson house value, contact me. I’d be happy to help!

21286 Towson Home Sale Statistics November 2010

The 21286 zip code of Towson, MD had decent home sales statistics for November 2010.

Towson real estate encompasses 21286 and 21204. The zip codes have very different market areas and statistics!

The average sold price in 21286 was up 9.36% over the same period last year. That is great news for Towson homeowners! Average sales price went up from $321,777 last November, to $351,887. The total sales dropped 12.51%in the same time, and only 20 homes sold versus 25 last year, a drop of 20%.

17 new homes came on the market, and 15 went under contract in November, leaving a total of 107 currently for sale in 21286.

This tells me that the 21286 home sales market is fairly stable, and I hope to see that for the whole year as I look in January at 2010.

Happy New Year 2010 Towson Real Estate Market Thoughts

As I sit here and reflect on 2009 and enjoy the beginning of 2010, I am reminded at what a new year can bring.

There is always a sense of excitement — that a new year can mean great things.

What will happen in the Towson real estate market? Will it rise? Will it fall? Will it stay at its’ teetering stabilization point that it has been in? I think we will remain about where we are — I don’t foresee a jump, but I think our neighborhoods are strong and prices will remain strong.

What about the real estate market in general? A few economists, like the National Association of REALTORS (R) economist, think there will be about a 10% increase.

I tend to be cautious in my optimism, and think we still have a large number of short sales and foreclosures coming down the pike in 2010, which will drop values lower, or keep them at the lower prices we are seeing now. I truly don’t foresee a real true recovery until 2012.

What does this mean for Towson sellers? That your homes are still worth a great amount because our area has been stabilized. That being said, they are not worth what they were even two years ago, so you can’t think about those prices when considering selling your home.

What does this mean for Towson homebuyers? BUY! It is a GREAT time! Interest rates are still very low, and prices are much lower than they have been in years.

For a true value estimation of a Towson home as a homebuyer or seller, or to find if this is the right time for you to move, please contact me – I am happy to help!