21093 Home Sale Statistics December 2011

December 2011 showed another increase in sale for the Lutherville Timonium area.

$14,986,850 in homes sold in 21093, up 19.56% from $12,534,600 in December 2010. Average sales price was up as well, to $405,000 from $391,706 last year.

37 Timonium homes changed hands last month, versus 32 the December prior. Homes stayed on the market a bit longer, though, averaging 114 days to sell versus 81 days a year ago.

One home sold over $1M, so that could be a reason for the % to jump for many of the categories, but the good news is that the Timonium real estate market really seems to be stable, looking back at November Timonium home sales and much of last year.

14 homes came on the market last month, and there were a total of 137 homes for sale in 21093. 34 homes went under contract, which should hopefully show a strong January and February for Timonium home sales!

Here is a link to the detailed December 2011 Timonium home sale report.

I’ve mentioned many times how Timonium and Lutherville homes are vastly different — neighborhood by neighborhood and often street by street.

For an idea of your Lutherville house value, contact me! I would be thrilled to help!

21093 Home Sale Statistics November 2011

November 2011 showed a large jump in Timonium home sales over the same period last year.

There were 47% more sales — up  42.94% to $12,293,200 in homes changing hands, while last November had $8,600,150 in home change hands. The average sales price was only down very slightly (3.51%), to $307,330.

13 more homes changed hands than last year, with 40 settlements that happened.

An interesting statistic is that 23 detached homes sold, versus 9 last November. There are many small cape cod and rancher style homes that, in this market, are selling under $300,000, which could explain the large jump in sales, yet the slight drop in price.

Homes in Timonium are staying on the market a bit longer as well — 100 days on average for those that sold last month, versus 81 days last year. That’s almost an additional three weeks to sell your home in this real estate market! One of those 40 homes that sold, though, was on the market for almost two years, so that definitely skews the numbers. 13 of them actually sold in less than a month (5 within a week or 2 on the market!) So, it appears that if the houses are in good condition and priced well, there are many people who want to buy a home in Timonium!

47 homes went under contract, and 33 were newly listed for sale. That is a good sign! It means that the housing inventory in Timonium is dropping, with 180 available homes for Timonium homebuyers, and that homes are selling in the area!

Here is a link to the detailed November 2011 Timonium Home Sale report.

As I have mentioned many times before, even within the 21093 zip code, there are many neighborhoods, each with their own characteristics and resale values. Sometimes these houses are just one street over from each other, but could have vastly different averages.

For professional and knowledgeable Timonium real estate help, contact me. I am ready to assist!

Timonium Home Sale Statistics October 2011

Home sales in Timonium were up slightly over the same period last year with $10,144,017 in homes changing hands last month.

The average sales price was down 8.63% to $349,794, mostly due to the detached homes price which was down 18.39% from $428,953 last October to $350,060 this year. This tells me that most likely more of the smaller Lutherville cape cod, rancher, and split levels sold, rather than some of the larger single family homes.

56 new homes came on the market, while 37 homes went under contract, which a 44% increase over October of last year. A total of 214 homes are for sale in Timonium.

Here is a link to the detailed October 2011 Timonium home sale report.

As you can see from the numbers this month, more of the smaller detached homes sold, while the attached/townhouse numbers can be skewed because one of the nine sales was in the $600-799,000 range.

Keep in mind that each Timonium neighborhood is different. Contact me for your Timonium house value!

21093 Home Sale Statistics September 2011

Home sales in 21093 were stable in September, with a small increase of 8.7% over the same month last year.

Average home sale price in Timonium was up 5.5% as well, up to $336,156 versus a low of $318,630 last September.

One more home sold this September, with 34 changing hands.

An interesting statistic (but not a good one), is that townhouse sales prices were down 18.22% to $250,692 while last year’s average was $306,542. It appears that there were a number of condos that sold, and they are used in the statistics. One sold for under $150,000, two for $150-200,000, and 4 in the $200-299,000 price range, which could explain the large drop in prices throughout the 21093 zip code.

At the same time, we had a price jump for detached homes, with average sales price rising to $389,062 over last September’s average of $325,538. Again, though, this number is skewed because there were FOUR sales in the $600-800,000 price range, which bring that average up tremendously and artificially.

Here is a link to the detailed September 2011 Timonium home sale report.

What this really reminds me is that real estate is extremely local. Timonium real estate is no different. There are $800,000 neighborhoods that are adjacent to $275,000 ones. Each neighborhood, even each street, can hold different values. Contact me for your Lutherville neighborhood house value!

Timonium Home Sales Statistics August 2011

Timonium home sales were up in a HUGE way in August 2011 — across the board, great numbers were showing over the same month last year.

Total sold volume was up 134.17% from $8,953,500 in August 2010 to $20,966,275 last month. Average sold price was up a smidgen 4.54% to $374,398.

Total number of homes sold was up 124.00% to 56 over last year’s 25 homes sold in August.

The one number that was down is a good one — the number of days on average that it took to sell a home dropped 46.55% — on average, it has been taking 62 days to sell instead of the 116 days it was taking in the same period last year.

38 homes went under contract, and 59 new ones were listed. There were a total of 226 homes on the market in 21093.

This appears to be a continuation of the rise we saw in both June and July Timonium home sales.

Compared to much of the Baltimore real estate market, Timonium is really doing well.

See the full August 2011 Timonium home sale report here.

As I have talked about many times before, each neighborhood, even within zip codes, can have different markets and statistics. Contact me for more details on your Timonium neighborhood house sales.

Timonium Home Sales Statistics July 2011

Timonium home sales statistics for July 2011 were up — and up in many good ways!

Not only were sales up 56.54% over the same period last year, PRICES were up 8% as well.

Of course, this could be due to more of the larger Timonium single family homes selling versus townhouses, especially since 28 detached homes sold versus 15 last July. One number that did drop was the average sold price for attached homes (townhouses or Mays Chapel condos), down about 12% from $297,091 last year to $261,314 this year.

48 homes went under contract (that is DOUBLE last July), and 68 homes were listed last month.

This appears to be a continuation of the rise we saw in June Timonium home sales.

Compared to much of the Baltimore real estate market, Timonium is really doing well.

See the full July 2011 Timonium home sale report here.

As I have mentioned before, each neighborhood is very different, even within zip codes. Contact me for more details on your Timonium neighborhood house sales.

Timonium Home Sale Statistics June 2011

Timonium home sale statistics showed minor drops in June 2011 from the same period last year.

June 2011 was much better than May 2011 21093 home sales statistics!

Sold dollar volume was down 6.84% from $20,528,050 last June to $19,124,100 this June.

The great news is that the average sales price in 21093 rose 5.95% to $374,982!

Seven less houses sold, but days on the market were less as well.

67 homes came on the market in June, and there were a total of 219 active for sale. 47 homes went under contract.

Compared to other areas around us in the Baltimore real estate marketplace, Timonium real estate is holding strong, and is seeing a bit of a comeback this month.

See the full June 2011 Timonium home sale report here!

Each neighborhood is different. Contact me for more details on your Timonium neighborhood house sales!

Timonium Home Sales May 2011

Timonium home sales were down in May over the same period last year.

The entire Baltimore metropolitan area was down last month, and our area was no different.

Total sold volume was down 32.86% from 19,721, 900 in May 2010 to $13,242,125 this May. This is partially due to the number of sales being down from 56 last year to 39 last month. 17 less homes changing hands can certainly affect the total volume! Both were down a little over 30%.

Townhouse sales, in areas like Mays Chapel, prices averaged about the same, while detached prices were down just under 8%.

See the full May 2011 Timonium home sale report here!

Each neighborhood is different — even street by street. Contact me for more details on your Timonium neighborhood house sales!

21093 Home Sale Statistics November 2010

The Lutherville-Timonium zip code of 21093 did not fare very well in home sales for November 2010 versus the same time last year.

Sales were down 43.86% with only a little over $8 Million selling, versus over $14M last year. Average Timonium home sale prices were down 7.15% from $340,288 to $315,967. Here is the report.

The good news is that the days on market also dropped from 120 last November to 84 this one.

This was very different from the two Towson zip code statistics. 21204 had a jump of 44% in sales price while 21286 had an over 9% increase in price.

Timonium house prices have had a rough year with prices, and I am hoping to see a better year for the area in 2011.

Will My Timonium House be Worth More in the Spring?

Will my house be worth more in the spring?

Often times, sellers wait for the “Spring Market” to put their house up for sale, since usually buyers are more apt to look, your house looks great with the spring blooms and the winter doldrums over.

The end of 2010 into the Spring 2011 home sales market is looking a bit different — and not in a good way for home sellers.

In reading an article from Keeping Current MattersTM, where the writers reference multiple trend reports, the recovery seems much more likely to be in 2012 than 2011. Once the paperwork is cleared with the banks, more foreclosures will flood the market — with a number coming on that had been held up before. Short sales are still on the rise, which hurt house values.

Economist and trend valueists still show 2011 in a lower curve, expecting prices to drop even more-so in the next 12 months.

So what does this mean for Timonium homes for sale?

Sellers need to price their home correctly to sell within 60 days — before the market drops further!

Sellers should also consider the fact that Timonium homebuyers who are looking right now, are very serious — not just looking for the sake of looking! So if you are a seller considering selling, get it ready, and get it on the market as quickly as possible. Houses tend to look beautiful around the holidays with decorations!

Contact me for more information about selling a Timonium house. I am happy to help!

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