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Frederick County, MD Real Estate News

By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
The inventory picture is improving and the results from Bright MLS’s most recent survey show that nearly two out of five listings were from a seller who was probably not turning around and buying another home. According to agents surveyed, 61.9% of homes sold in March were primary residences, suggesting a seller who might be in the market to buy. However, the other listings that were added to the inventory were not primary residences. For example, 14.3% of homes sold in March were rental properties. Another 13.5% were estate sales, or the sale of a property whose owner had passed away. Second homes, vacation homes, investment properties, builder sales, foreclosures, and short sales were also part of the inventory of sellers who probably were not buyers.   The Bright MLS survey also rev...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
  Understanding How NAR's Settlement May Impact Buyers and Sellers  The recent legal settlement involving the National Association of Realtors has been met with much discussion about its implications for both buyers and sellers in the real estate market. The settlement is yet to be finalized by the courts and could take effect as early as mid-July. In essence, this settlement signals potential shifts in how commissions are negotiated between buyers, sellers, and their respective agents, which could impact the dynamics not only of real estate transactions, but also the overall costs for an employee to relocate for a new job.  What home buyers need to know ~ Buyers will now be required to enter into a written agreement with their agent before touring properties, (Please note, this has be...
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
#3 Best City to Live in Maryland - FrederickIn keeping with a theme, The World Atlas published a list of the 7 best cities to live in Maryland last week. The number 3 city is Frederick.Frederick is located in the northern part of the state of Maryland and has served as a major crossroads since colonial times. Today it is located at the junction of I-70 and I-270, US Route 340, 40, and 15.  Frederick is 46 miles west of Baltimore, 50 miles northwest of Washington DC, and 24 miles southeast of Hagerstown. Frederick has maintained its small-town feel but has a big-town appeal. The city's historic downtown area is home to boutique shops and is surrounded by distilleries, wineries, and breweries. Frederick is so close to many historical spots like Antietam, C & O Canal, Point of Rocks, Harpe...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
So far this year limited inventory and strong buyer demand have created many multiple-offer situations. As the spring market kicks into gear we expect to see an increase in the number of new resale listings coming into the market, although it is still below normal.  Additionally,  with an increase in new listings comes an increase in new buyers ready to purchase. As we navigate the impending changes in the real estate industry. We understand that changes can be concerning to many, but please know that we are here as a trusted source to help navigate these changes effectively.   Whether you're seeking to better understand the current market or are considering a move I invite you to contact me to discuss your real estate needs.                          CALL / TEXT  (301)748-3696
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
The spring market promises to be a strong one, with the dip in interest rates and overall economic strength, the climate is the brightest it has been in the past few years for those considering buying, selling, investing, or downsizing.  While the number of transactions is below seasonal levels, the low number of new resale listings coming on the market is creating a shortage of available properties in many price ranges in our market area. Pending and sold numbers are down and with the low supply of inventory and the buyer demand in the more affordable and mid-price ranges, home prices are heading higher making this an ideal time to sell. If you have been considering listing your property. I have guided valued clients through complex markets for over 38 years, delivering trusted experti...
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By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
IntroductionFrederick County, MD, offers an array of charming cities and towns that are ideal for homebuyers seeking a blend of modern amenities and picturesque surroundings. In this article, we'll explore the top five cities in Frederick County that stand out for their real estate opportunities. 1. Frederick   READ MORE: https://www.maxusrealtygroup.com/blog/6865/The+Top+5+Cities+To+Buy+A+Home+In+Frederick+County%2C+Md ???Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system www.reallynicehomes.com/sell  - Call or text 240-426-5754 for more
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
Home prices continued to climb in December as limited inventory prolongs Buyers slim choices as 2023 wraps up. A majority of Sellers are selling at the asking price or above in about two weeks, and most did not offer concessions. As we move into 2024 news of inflation beginning to subside and an election year on the horizon should bring interest rates down slightly. With real estate being local, it's important to work with a local expert that understands the changing market.    Although a lower number of homes are going under contract and fewer new resale listings are coming on the market, the sales activity for new resale listings going under contract within a couple of weeks remains resilient. I have guided valued clients through market balancing times like these for over 39 years, de...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
 Prices remain high in our region because demand for homes continues to outpace the supply. Many first-time home buyers have been shut out of the market with mortgage rates that have more than doubled in the past two years increasing from around 3.1 percent to about 7 percent, making it that much pricier to purchase a home. However, the markets are currently obsessed with inflation and the future course of monetary policy. Therefore any news that reinforces the notion that inflation is subsiding and the Fed is done raising interest rates and they begin to fall is being received positively. The holiday season housing market is in full swing and feeling the effects of a normal seasonal cycle with fewer transactions. It is anticipated prices will continue to increase into the New Year in m...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
After over three years of meetings and public hearings on The Sugar Loaf Treasured Landscape Management Plan (SLTLMP) and overlay, the Frederick County Council rejected the overlay portion of the plan by a 5-2 vote. Those who have followed this long saga will find both sides, the opposition and those in favor of the overlay, have the same common goal of protecting the rich agriculture and environment around the mountain. The current zoning in place is working without infringing on the property rights of landowners through overreaching government restrictions.  As explained in my "Ripple Effects" blog post, a coalition that included The Frederick County Association of  REALTORS®, The Chamber of Commerce, citizens groups, the local Builders Association, and the Farm Bureau joined together...
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By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
When you have a soft spot for old homes, it is such a treat to visit historic Frederick and drive through the tree-lined streets of Baker Park and Hood College. Most of the homes were built from the 1910s to the 1940s with architecture ranging from arts & crafts bungalows to Victorians to (Dutch) colonials. It shows that residents take pride in their homes and neighborhoods. Historic character has been preserved and curb appeal is abundant. It's no exaggeration when I claim that one house is prettier than the next. The two subdivisions, Baker Park and Hood College, are in between/surrounding their namesakes, the 58-acre Baker Park with its jogging and biking trails, playgrounds, ball and tennis courts, carillon, and picturesque Culler Lake, and the private Hood College, established in 1...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
 As we enter the holiday season the housing market is feeling the affects of a normal seasonal cycle with fewer transactions. Inventory remains in short supply as many home owners with sub 4% mortgages are delaying a move. Higher home interest rates have caused Buyer activity to cool down as many have hit an affordability ceiling. It is anticipated prices will continue to increase through next year in many areas and neighborhoods where fewer homes are available and strong buyer activity is present in the affordable and mid-price ranges. Qualified buyers that think waiting for a lower interest rate environment is advantageous might be surprised to learn that waiting actually has a very strong chance of costing them much more over the long-term as home prices continue to increase. If you ...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
 Frederick County, MDIndustry Watch Q3-2023Key Metrics                     Q3-2023              1-Year Change Market ActivityMedian Sales Price       $475,000                         + 5.6%Avg. Sales Price              $505,787                         + 3.9% Closed Sales                     1,001                                - 27.5%Months Supply                 1.2                                    - 33.3%Avg. Prop. Mktg. Period  42                                   + 38.8%Pct. of Orig. Price Received 101.3%                       + 0.9%Homes for Sale                388                                   - 49.7% We are experiencing a market with limited inventory creating a shortage of available properties in many price ranges in our region. Pending and sold numbers are down which is m...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
There is still a scarcity of supply in the Mid-Atlantic region. but the gap from 2022 levels has narrowed with new listings down just 7.8% from this time last year. In typical years, there is a significant decrease in listings throughout August, but this year, listings have stayed far steadier. Labor Day weekend did not slow down listing activity with the number of new listings up 2.6% from a week earlier. The median list price reported by Bright MLS made a jump for the week ending September 3rd, it was $395,000, a 2.6% increase. The list price is also up 5.3% from last year.  Contracts were down only slightly. While new contracts were down 16.5% from last year, the week-over-week decrease into the holiday weekend, down 3.2%, is far less than in recent years at this time. With mortgage ...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
          627 GRANT PLACE, FREDERICK, MDThis renovated 3 bedroom, 2 full bath all-brick ranch is located on a double city lot, nearly 1/2 acre, a large yard, and an alley in the rear. Recent renovations include refinished gleaming hardwood floors, a new roof, new windows, a new exterior HVAC compressor, a remodeled kitchen with new stainless steel appliances, granite counters, and a new concrete patio off the kitchen that overlooks the large yard.  The living room includes a brick fireplace, and the dining room has two built-in corner curio cabinets. This home features a popular split bedroom plan with the owner's suite and full bath on one side and two bedrooms and full bath on the other end of the living room. You will find lots of space for storage and room to expand in the unfinishe...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
Maryland’s Ongoing Lack of Housing Inventory Amidst Rising Prices Remains the Prominent Focus in the July 2023 Maryland REALTORS® Housing Stats       ANNAPOLIS, MD—August 17, 2023—The number of home sales in Maryland continued to decline in the July 2023 Maryland REALTORS® Housing Statistics report, dropping 22.6% to 5,915 units versus July 2022’s figure of 7,643 units. The average sales price grew by 3.2% to $486,385, while the median sales price rose 4% to $414,900.    As in months past, July’s housing statistics point to a market with low inventory and fewer sales amidst steadily increasing prices, which is further exemplified by a drop in units pending (houses under contract) of 8.2% to 6,560 units and a 34.4% drop in the number of new listings, down to 6,491 units.   “We’re seeing...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
Maryland Home Sales Continue to Fall Across All Counties As Sales Prices Continue Their Rise in the June 2023 Maryland REALTOR® Housing Stats   ANNAPOLIS, MD—July 19, 2023—Home sales in Maryland dropped substantially by 21.7% to 6,938 units in June 2023 against June 2022 sales of 8,857, according to the June 2023 Maryland REALTORS® Housing Statistics. Prices continued their climb, with the average sales price rising 2.9% to $501,346 versus last year’s figure of $487,085. The median sales price rose 1.3% to $415,148. Units pending (houses under contract) dropped 11.7% to 6,854 from 7,758 units in June 2022. Fewer houses under contract reflects the lack of inventory, which further exacerbates the number of homes sold in the state. Leading indicators are also reflecting the slowdown, as th...
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By Buzz Mackintosh, “Experience, reliable, leadership”
(Mackintosh REALTORS)
Right now pre-owned home inventory for active listings is at historically low levels causing housing frenzy spikes. Inventory challenges equal competition for homes that are desirable and priced appropriately. To help buyers put their best foot forward on the next home offer here are a few strategies for winning a bidding war in today's market. Offer a seller post-occupancy / rent back agreementBuyers I represented recently won a multi-offer situation by offering a 30 day  post-occupancy with a 30 day option to extend to sellers who were having a new home built. Most lenders will allow a buyer to offer a 30 to 60 day rent back agreement to the current owner of the property. This type of arrangement gives the sellers more time to find a property, have a house built , pack, or finish out ...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Today’s View –  May 28, 2023 – New Market, Md. 21774 – Detached HomesThis is a market report for existing detached homes in New Market, Md. 21774. At the time of this report (5/28/2023) 12 such homes are on the market FOR SALE, another 31 are currently under contract, and 17 have successfully completed the sales process in the last 30 days.  Of the currently active, 1 came to market in the last 7 days.  There are none that have a status of coming soon.  Three Bedroom HomesThere are 5 three-bedroom detached homes in New Market that are currently on the market for sale.  The current list price of these homes ranges from $560,000 to $1,500,000; with the median being $640,000.   The days on market for this set of homes goes from over 3 weeks (25 days) to approaching 2 years (700 days); with...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
Is the market active? You be the judge.We all have heard stories/reports on how the real estate market is doing. We read them in print; view them on the web, hear them on the radio, listen to them on podcasts, and watch them on the TV. Most of these reports are on either the National, State, or County levels. I believe real estate conditions are most relevant at the local level. These other reports cover both a wide area (National, Region, State, or County) and several property types (detached, townhouses, unit-flats). Here is my view for detached homes in the Mount Airy, Monrovia, New Market, and Ijamsville Md. zip codes, not including new construction.As of May 28, 2023 there are 38 such homes currently on the market for sale, 16 (42 percent) of which were added just this last week. T...
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By Bob Force (REALTOR®), The FORCE in Maryland Real Estate
(Weichert Realtors - Aspen Hill)
We all have heard stories/reports on how the real estate market is doing. We read them in print; view them on the web, hear them on the radio, listen to them on podcasts, and watch them on the TV. Most of these reports are on either the National, State, or County levels. I believe real estate conditions are most relevant at the local level. These other reports cover both a wide area (National, Region, State, or County) and several property types (detached, townhouses, unit-flats). Here is my view for townhouse market in the Mount Airy, Monrovia, New Market, and Ijamsville Md. zip codes, not including new construction.As of May 28, 2023 there are four such homes currently on the market for sale, one (25 percent) of which were added just this last week. There are eight townhouses under so...
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