21030 Home Sale Statistics for February 2012 are here, and the numbers look worse than they really are.

Total sold volume is down about 54%, as well as average sold price, but that is due to two very large homes selling in February 2011.

Last February, five Hunt Valley homes sold, and the average sales price was $1,027,860. That is not a normal number for Hunt Valley home sales! It is due, in majority, to a $3,475,000 home that settled on February 11, 2011, and an $830,000 home that settled on 2/9/11. Those two large homes changing hands threw off the average, since there were only three other home sales for the month!

So, despite the quick glance appearing terrible, it is certainly not the case.

The average sold price was $332,286 this February, with seven homes changing hands. Average for four detached homes that sold was $430,650, while average for the three attached/townhouses/condo sales was $201,133. One of the four detached homes sold for $875,000, so you can see how that can easily affect average sales price!

There were 83 Hunt Valley homes for sale, with 35 of them coming on the market in February. 14 homes went under contract, with a total of 22 pending home sales by the end of February. Here is a link to the 21030 Home Sales Statistics for February 2012.

Hunt Valley Home Sales in January 2012 also had an expensive home sell, which inflated numbers then.

It really exemplifies just how local real estate markets are. Even zip codes don’t tell the whole picture. Each neighborhood is very different, and may have separate indicators as to the direction the area is taking. To find out your Hunt Valley house value, please contact me. I would love to help!