Cockeysville Home Sale Statistics December 2011

Cockeysville home sales were down over 31% from December 2010 with $2,200,000 in real estate changing hands last month versus $3,192,099 the same period last year.

Eight homes sold in December versus seven in 2010, so the lower average sales price is most likely due to a very large sale in December of 2010, which December 2011 did not have.

The average sales prices for townhouses was up to $300,000 versus $236,000 the year prior, but the year prior only had one attached home settle in that month.

As I mentioned in my post about the October 2011 home sales in Cockeysville, 21030 (which encompasses both Cockeysville and Hunt Valley) does not have many sales each month, so even one or two of the smaller condos or townhouses in Cockeysville instead of a larger Hunt Valley townhouse sale can make a big difference in what the statistics show us.

Here is the detailed report on 21030 home sales for December 2011.

For a better picture of your Hunt Valley house value, please contact me. I would love to help!

Baltimore County Most Expensive Home Sales 2011

Baltimore County real estate had a few high end home sales in 2011.

The five highest home sales in Baltimore County, according to MRIS, our local multiple listing system, included a few farms, and most had a large amount of acreage.

5. 905 Hayfields Rd, Cockeysville, MD 21030. $3,475,000. Listed and sold by Krauss Real Property Brokerage. This is a gorgeous newly-built home, that was finished around Summer 2011. Including the finished lower level, there are eight bedrooms, seven full and two half baths. It has 2.28 acres off a private drive, the home overlooking Hayfields Golf Course. Beautifully appointed, and spectacular views!

4. 2700 Butler Road, Reisterstown, MD 21136. $3,750,000. Listed and sold by Coldwell Banker Residential Brokerage. A “French Country Estate” home built in 2005, this is located up a hill and shared/private drive off Butler Road. Located on 53 acres, it has five bedrooms, 4 full and one half bath, and overlooks beautiful Worthington Valley.

3. 12757 Greenspring Avenue, Reisterstown, MD 21136. $3,900,000. Listed and sold by Yerman, Witman, Gaines & Conklin. This home was built in 1940, as is part of the “Vanderbilt Estate,” according to the listing. It is situated off a very private drive on over 138 acres. There are eight bedrooms, eight full four half baths. It boasts an in-ground pool, and it even has a bowling lane and full gym in the lower level!

2. 7309 Brightside Road, Baltimore, MD 21212. $4,200,000. Listed and sold by Coldwell Banker Residential Brokerage. This spectacular home was built in 1880, and has been gracefully and exquisitely restored. I have been in this house a few times, and it is truly gorgeous. It showcases 11 fireplaces (yes, 11!), seven bedrooms, six full and two half baths. It has 5.46 acres in the 21212 zip code!

And the highest sale in Baltimore County for 2011:

1. 2509 Butler Road, Reisterstown, MD 21136. $9,500,000. It was listed & sold simultaneously by Krauss Real Property Brokerage, which is why there are not many details or photos about the home. It is situated on 144.49 acres near the Falls Road Corridor, and looks to be a working farm, with rolling acres, animals, and convenient location. It has four bedrooms and seven full baths.

Much of Baltimore County real estate has been holding its’ own, despite the downturn in many areas. Each neighborhood is VERY different, so general overviews are not good indicators of your value. Contact me for more details on your Baltimore County house value. I would be happy to help!

Cockeysville Home Sale Statistics October 2011

The Cockeysville home sale statistics for October were down a significant amount from October 2010.

The total sold dollar volume was down over 30%, and the average sales price was down 10%.

Seven houses changed hands, two less than October last year.

The biggest difference is the sales prices for attached homes — down 44.30% to an average of $158,000 vs $285,000 last year.

Cockeysville and Hunt Valley neighborhoods are very different, and Cockeysville has a few condo communities which count in the “attached” home sales statistics. 21030 does not have many sales each month, so even one or two of the smaller condos or townhouses in Cockeysville, versus the larger Hunt Valley townhouses can make a big difference in what the statistics show us.

Here is the detailed 21030 home sale report for October 2011.

Be sure to contact me to find out more about what is happening in your Hunt Valley neighborhood. I would love to help!

Hunt Valley Home Sale Statistics August 2011

Hunt Valley home sales were down in August 2011, in line with drops seen in much of the Baltimore real estate market.

Total sold volume was down 37.40% to $6,125,080 from a high last August of $9,784,500. It is very interesting, and makes me look at the statistics more carefully, that only two less homes sold (18 vs 20 last year).

This means that higher priced homes moved more last August than this August, as average sales price dropped 30.44% to $340,282 from the average of $489,225. One Cockeysville condo sold for under $50,000, which could have a large part of that % drop.

The good news is that more homes went under contract his August than last year this time, with 14 new pending contracts, and a total of 19 under contract. There are a 101 active homes for sale in 21030.

See the full August 2011 Cockeysville home sale report here.

As you can see, when there are not many sales in an area, the whole zip code’s value can be brought down a significant amount by just one low sale. This is why it is important to get a true view of your neighborhood, and not rely on general statistics. Contact me for a deeper look at your Hunt Valley house value!

Hunt Valley Home Sale Statistics July 2011

Hunt Valley home sales had an incredible July with a over 95% increase in homes sold over the same month last year!

This is a terrific bounce back from June Hunt Valley home sales, which had seen a 40% drop.

Total sold volume was over $12 million with 9 more detached homes sold this July over last.

The average sales price was down for both Hunt Valley townhouses and single family homes. This is a trend we are seeing across the Baltimore real estate market, with many more sales happening, but with lower prices dominating.

29 houses came on the market, and 24 went under contract. There are currently 106 houses for sale in Cockeysville/Hunt Valley.

See the full July 2011 Hunt Valley home sale report here.

Each neighborhood in Cockeysville and Hunt Valley is different, and can drive average home sales prices up or down depending on where sales happen. Be sure to contact me to find out more about what is happening in your Hunt Valley neighborhood. I would love to help!

Hunt Valley Home Sales Statistics June 2011

Hunt Valley saw a large drop in total home sales, and a decent percentage in average sale price for homes in June.

The 21030 zip code, which branches both Cockeysville and Hunt Valley, saw a 44.40% drop in total sales in June 2011 versus the same period last year, down to $7,109.497 from a high of $12,786,900 in 2010. The number of sales dropped from 26 to 17 as well.

Average sold price was down 14.96% from $491,804 last year to $418,206 this year. This could be partially due to location within the 21030 zip code, as some areas draw higher prices than others. Townhouses actually averaged higher than last year, while detached homes’ average dropped from $674,467 last year to $500,682 this year.

25 new homes came on the market in June, making for a total of 101 active listings for sale in Cockeysville. 18 homes went under contract.

See the full June 2011 Hunt Valley house sale report here.

Each neighborhood location within 21030 is different. Though this is an overview of the zip code, your area of Cockeysville may be different! For more information on your Hunt Valley neighborhood, please contact me. I know the areas (both large and small) well!

Pot Spring Development Must Conform to Current Zoning

There is good news for the homeowners near the Pot Spring and Old Bosley Rd intersection, where a 33 home development had been proposed, and almost presented to the Baltimore County Council.

The lot is currently zoned for 13 homes, while the larger development would have been designed for a 55+ community, adding another 20 homes to the current zoning.

The potential Pot Spring development caused an uproar in the community, because of the additional traffic, drain on resources, and lack of parking would have caused issues for the currently standing communities.

Councilman Todd Huff was ready to propose a change in zoning for the planned unit development, but listened carefully when his new constituents came to him.

The Pot Spring community is located just north of Timonium in Cockeysville.

They are, I am sure, feeling more confident that their Cockeysville house values shouldn’t be compromised by a development not suited for the area.

21030 Home Sale Statistics May 2011

Cockeysville and Hunt Valley showed similar statistics as the rest of the Baltimore Metro area in terms of a downturn in sales for May 2011 versus May 2010.

21030 had a 28.97% drop in sales volume, from $6,942,400 last year to $4,931,450 this May. Average sales price dropped as well, from $408,376 last year to $328,763 this year. Only 2 less houses sold than May last year, and the good news is that the days on market dropped to only 98 average days to sell versus 161 last year!

Two more detached homes sold this year, but the average price was much lower, indicating the Cockeysville single family homes sold were in different neighborhoods than those last year.

Half as many townhouses sold as last May, only four versus last May’s eight. The average sales price was up about 4.79%.

See the full May 2011 Cockeysville home sale report here.

Each neighborhood within 21030, whether in Cockeysville and Hunt Valley is different. Though this is an overview of the zip code, your neighborhood may be different! For more information on your Hunt Valley neighborhood, please contact me. I know the area well!

Development at Pot Spring and Old Bosley Rd in Timonium

The development of the acreage at the corner of Pot Spring Road and Old Bosley Rd in Cockeysville near Timonium had its’ plans halted on Thursday, as new Councilman Todd Huff postponed his consideration of the development.

The land is currently zoned for 13 homes, but the developer, Jeffrey C. Kirby, wants to build 33 attached homes for a 55+ community. Over 200 residents came out, many to oppose the resolution last Monday at a meeting, and the work session was scheduled for tomorrow, February 1, 2011. The Baltimore Sun reported in an article on the development’s postponement. This was just one step of many that would have to be approved before the project were to be able to continue.

The lot’s location is the wooded area behind the Lake Apartments on the left side of Pot Spring, south side of Old Bosley Road.

View Larger Map

The proposal is in limbo right now, but not withdrawn or canceled.

Many of the neighbors are concerned with the change in the current zoning, and the traffic issues that could be caused by an additional 20 homes than zoning currently allows for the land. To the west of the proposed development is an already highly developed area of Cockeysville homes.

I will stay tuned as the changes in development continue!

Hunt Valley House Values October 2010

Hunt Valley house values for October 2010 were on the rise, showing good signs for recovery in the fourth quarter of the year.

Though two less homes settled from the same time last year, average Hunt Valley house values were up 14.64% from $336,862 in October 2009 to $386,167 this October. This is the second month in a row of increasing home sales prices in Hunt Valley!

Also getting better is the average amount of time it takes to sell a home in Hunt Valley — down to 47 days from a high of 161 days in 2009, a drop of 70.81% from this month last year. Great news for homeowners wishing to sell — less hassle because their house is on the market for less time — and their values, in general, have risen!

There are a few factors that could create a false positive in the 21030 zip code, one major one being that many foreclosures had been halted due to the “Robo-signing” controversy, and though Maryland was not one of the states where the lawsuits were filed, while the banks were figuring out the issues, they stopped things in their tracks.

Add onto that the natural yearly slow down of active foreclosures heading into the holiday season, plus the election year, and you have good reasons why it could possibly have looked better than it truly is.

I like to think on the bright side, and view it as the Hunt Valley housing market at the beginning of recovery, but I am cautiously optimistic at this point. I will be following the trend over the next few months, and see how January and February shape up for the 2011 market.

For more Hunt Valley real estate needs, make sure to contact me!

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