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Market Trends
Commentary Provided byThe Damico/Land Realty Group If you can qualify, now is an exceptional time to buy a home in Catonsville. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Vincent @443-463-8709 or David @301-370-9520 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Baltimore | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 90-120 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | There is a good supply of homes for sale in and around the Catonsville are. Buyers are able to get good deals on some very nice homes. | ||
| Average Home Price | $300,000 - View Graph Trend | ||
| Best Selling Price Range | $250,000 - $299,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 10-15% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | If your home shows VERY GOOD and you price it slightly less then the comps, you stand a good chance at getting multiple offers to raise your price above the list price. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Catonsville is | Increasing | ||
| Seller Activity for the past 90 days in Catonsville is | Increasing | ||
| Is Financing Available For Qualified Buyers in Catonsville? | Yes | ||
| Comments on Financing For Qualified Buyers | If you are a qualified buyer there is plenty of financing available for you!! | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% | ||
| Housing Hot Spots | Most cities within the Balitmore County area are considered 'Housing Hotspots' especially Catonsville and surrounding areas (21228, 21229 zip codes). | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Catonsville! | ||
| Average Sold Price | $300,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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The Damico/Land Realty Group
Main Street Realty, LLC Ellicott City, Maryland Vincent @443-463-8709 or David @301-370-9520 vince@DamicoLand.com Agent Home Page 
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Catonsville Local News
Who Needs Nationalized Healthcare?!? - Friday October 2nd, 2009 12:18pm
Not me. Just keep the Buyer Tax credit alive and this housing market may pull us out of the biggest US economic downturn in history. Well, that is a bit optimistic, but now that the power is back in the hands of buyers, many people are feeling empowered again. That's the kind of public attitude that we are in desperate need of. If we can help you buy or sell a home, we feel we are doing our part to add to the optimistic environment that this country is known for! Happy House Hunting.
News for Catonsville, MD and Surrounding Area - Monday September 28th, 2009
**Homebuyer Alert** Take advantage of the $8,000 tax credit while it is still available. Currently it expires November 30, 2009! Don't miss out!
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Vincent @443-463-8709 or David @301-370-9520
