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!
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