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Market Conditions in 21702 : Real Estate Advice

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  • Local Info0
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 4
Fri Nov 22, 2013
Sean Dawes answered:
Jim,

Your best bet is to email a local realtor and have them comp your home. Websites just use raw numbers and generally are off by a decent amount when it comes to pricing. Either too high or too low. They do not take a look at the inside of homes and compare apples to apples.



Sean Dawes
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Tue Apr 14, 2009
Fernando Herboso answered:
The reason you should buy is very simple. There has been a huge price reduction in houses already. .chances are that if there is still some left. . it will make very little difference. You can never TIME IT to buy real estate at the bottom of the market. You can only know that the bottom of the market has occurred when is already on it's way up. ... more
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Fri Jan 23, 2009
Kevin O'Neill answered:
Martin,

The answer to this question is very dependent upon what time frame you are asking about and the type of home you are talking about. For example the downtown Frederick historic district was seeing appreciation while the residential market was depreciating! Also the price range in which you are interested in may be seeing different increases or declines than other price brackets!!

If you respond back with a few more specifics about the time range and details I will be better able to answer your question. The market here in Frederick appreciated very rapidly from 2003 - 2005 and has, like most of the rest of the country, depreciated since then. The rate of depreciation or appreciation simply depends on the details!

If you will share the details... I promise to get back to you with an answer!
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Fri Jan 23, 2009
..... answered:
Hi John -
Based on Statistics from MRIS for the past 6 months the average % of list price that homes are selling for is 95.31 and the average % of original price is 91.79. I live in the New Market area and can tell you that there are many homes that I would consider a great deal on the market currently. ... more
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