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!
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