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There were 145 homes sold in Piney Orchard in 2011. That's trending pretty even with 2009 and 2010 but still way below the 300+ homes that we were seeing move at the market peak. We saw some substantial loss in value again this year with single family homes averaging almost $40,000 less than 2010. Townhomes and condos stayed pretty steady with an average year over year decline of a fixed $10,000. However condo inventory began climbing mid-year and days on market for that category almost doubl... Read Full Post

It is hard to believe that we can be looking back at a decade of sales in Piney Orchard but it's true. I was working on some 2010 year end reports and out of curiosity kept going back further to track sales volume. Interestingly enough we are back to about 2000 stats when it comes to the number of homes sold per year. And Piney Orchard is one of the few areas where we are beginning to see a balanced market with supply and demand. We still hear that many people are holding on to their homes so... Read Full Post

If you are a current home owner in Piney Orchard Odenton MD or are considering purchasing or renting a home here no doubt you will want to see how this neighborhood stacked up on sales in 2010. It certainly was an interesting year in real estate and those stats are posted below. There were 141 homes sold in Piney Orchard in 2010 including 90 townhomes, 3 villas, 5 single family detached homes and 43 condominiums. Total sales volumes were down very slightly from last years' 147 sales and down ... Read Full Post

Great year end stats for Piney Orchard real estate sales with only a 2% loss in the average home sale price. While the number of sales was down dramatically I attribute this more to "upside down" home owners who decided to delay selling than a diminshed interest in the community. Days on market was down considerable over 2008. There were 12 single family home sales, 32 condo sales and 103 town home sales in 2009. Piney Orchard Period Average sale price Days on market Number of homes sold Cale... Read Full Post

Both the number of sales and the average home price were up in December. Three single family homes settled and that helped to raise the average price. None of the sales this month were foreclosures or short sales. Piney Orchard continues to defy the odds with a very low number of distressed property sales while many neighboring communities like Seven Oaks in Odenton are maintaining 30% or more of their inventory in the distressed category. Piney Orchard Period Average sale price Days on marke... Read Full Post

The number of home sales in November was down over last month but up over 2008 totals. The average sales price took a big hit this month but that is more a product of zero single family home sales than a drastic price decrease. Piney Orchard Period Average sale price Days on market Number of homes sold Nov-08 $ 356,484 122 12 Nov-09 $ 299,000 127 15 Change $ (57,484) 5 3 % change 2008/2009 -16% 4% 25% Read Full Post

We saw another slight increase in the volume of sales in October though the average sales price continues to fall. This month's decline was primarily the result of a sales volume that was heavy on condominiums. Of the 19 sales, two were short sales and two were foreclosures. The rest were normal transactions. Piney Orchard like Crofton remains a top pick for local real estate buyers and values are holding steady. Piney Orchard Period Average sale price Days on market Number of homes sold Oct-... Read Full Post

The Piney Orchard real estate market is stabilizing and the number of September sales in 2009 was just slightly lower than in 2008. The high sale for the month was a single family home priced at $489,900 that sold for $460,000 with $20,000 in closing help. The low sale was a foreclosure condo on Samantha Lane that sold for $183,500 some $70,000 less than it's original sale price in 2006. There was one foreclosure sale and one short sale in Piney Orchard in September which is well below the st... Read Full Post

Sales of all home types in Piney Orchard remained stable this month as compared to August 2008. While the average sales price appears to have increased, that is primarily due to the sale of two large single family homes and one super luxury townhome that sold over $430,000. One of those homes that settled at $600,000 was last sold in 2005 for $594,000. A good sign that prices may be stabilizing but no overall increase. Days on market has climbed slightly but that is due in part to the short s... Read Full Post

Here is the latest round up of Piney Orchard Sales data for July 2009. Not a stellar month with declines in both average sales price and number of homes sold. All in all though the houses that are priced well and in good condition are selling much less than the 96 day average. We've also been better insulated than some surrounding neighborhoods when it comes to foreclosures and short sales. Piney Orchard Period Average sale price Days on market Number of homes sold July 2008 $ 336,395 93 18 J... Read Full Post