Piney Orchard real estate market update
Posted Dec 20, 2008 @ 11:34 pm, Viewed by 765 Visitors, Read 822 Times.While the overall stats for Piney Orchard look pretty stable, the reality is that a huge change is taking place. In the past 6 months we've seen the biggest decrease in value since the market flat lined in 2005. This should really begin to show with the final year end stats and first quarter of 2009.
As of 12/21 here's how the market is shaping up
83 Total active and under contract listings
14 Homes under contract
18 Foreclosure or short sale listings (5 under contract 13 active)
Average days on market is at 154
| October 1 - December 21st | ||||||
| Piney Orchard Sales Statistics | ||||||
| There were 25 homes sold during this period in Piney Orchard | ||||||
| Original list price | Final Sold Price | Bedrooms | Baths | Days on market | ||
| Min | $290,000 | $250,000 | 2 | 2 | 0 | |
| Max | $479,727 | $440,000 | 4 | 3 | 497 | |
| Avg | $364,424 | $338,421 | 3 | 2 | 134 | |
| Average sales price | $ 338,421 | |||||
| Low sale price | $250,000 | |||||
| High sale price | $338,421 | |||||
| 15 of the 25 sales included closing help from the seller | ||||||
| Average closing help | $ 9,890 | |||||
| The average sold price was 94% of original asking price | ||||||
| 3rd Quarter 2008 | ||||||
| Piney Orchard Sales Statistics | ||||||
| There were 46 homes sold this quarter in Piney Orchard | ||||||
| OrigPrice | Closed Price | Bedrooms | Baths | Days on market | ||
| Min | $228,900 | $202,800 | 2 | 1 | 0 | |
| Max | $629,900 | $593,000 | 4 | 4 | 476 | |
| Avg | $338,844 | $321,536 | 3 | 3 | 87 | |
| Average sales price | $ 321,536 | |||||
| Low sale price | $208,000 | |||||
| High sale price | $593,000 | |||||
| Average closing help | ||||||
| 15 of the 25 sales included closing help from the seller | ||||||
| Average closing help | $ 9,890 | |||||
| The average sold price was 94% of original asking price | ||||||
| 2nd Quarter 2008 | ||||||
| Piney Orchard Sales Statistics | ||||||
| There were 60 homes sold this quarter in Piney Orchard | ||||||
| OrigPrice | ClosePrice | Bedrooms | Baths | Days on market | ||
| Min | $199,987 | $196,156 | 2 | 2 | 4 | |
| Max | $719,000 | $663,300 | 4 | 4 | 265 | |
| Avg | $349,729 | $332,605 | 3 | 3 | 118 | |
| Average sales price | $ 332,605 | |||||
| Low sale price | $196,156 | |||||
| High sale price | $663,300 | |||||
| 34 of the 60 sales included closing help from the seller | ||||||
| Average closing help | $ 9,552 | |||||
Thomas Roskelly, Jr., Realtor USN CPO Retired
RE/MAX Leading Edge
1360 Main Chapel Way
Gambrills, MD 21054
(443) 871-4903 ~ Mobile
(410) 721-6694 ~ Office
E-mail: TWRoskelly@aol.com
On-line: www.PineyOrchardHomes.com
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