PineyOrchardHomes' Blog: Piney Orchard Real Estate

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 stats of surrounding communities in Odenton.

Piney Orchard             Period   …

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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 sale process.  Three of the settled transactions this month were short sales and one property was a foreclosure.

Condo prices are ranging from $240,000 - $268,000

Townhomes between $260,000 - $380,000

Single family homes $432,000 - $600,000

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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 …

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Piney Orchard Homes Sales June 2009               

 

                  Sold Price         Beds Baths          List price Minimum   $223,000           2 2 $224,900 Maximum   $537,000            5 4 $549,900 Average SOLD price …

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    Piney Orchard Homes Sales April 2009                                    Sold Price         Beds      Baths           List price Minimum   $305,000          2          2 $315,000 Maximum   $370,000          4         4 $421,000 …

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Piney Orchard Homes Sales March 2009                              Sold Price            Beds        Baths            List price Minimum $228,000                2            2 $235,000 Maximum $366,500                4            4 $375,000 Average SOLD price $292,241                3 …

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There were 7 homes sold in Piney Orchard for February 2009     Original     Final          list price   Sold Price       Beds Baths Minimum $219,000 $187,000         2   2 Maximum $599,990 $530,500         5   4 Average $298,040 $291,640         3   3   …

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January 2009 Piney Orchard Sales Statistics               There were 11 homes sold in Piney Orchard for January 2009                   Original list price Final Sold Price Bedrooms Baths Days on market Min $312,500 $280,000 2 3 …

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