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Caroline County, Maryland, First Quarter 2011 Home Sale Stats

by Mickey Hayward

Home sales in Caroline County are up by 38 % over the first quarter in 2010.  Though this sounds like a huge increase in home sales it's really not.  First quarter home sales in 2010 were only 39 compared with 54 this year. Of the homes sold in the first quarter this year, approx. 41 % were foreclosures and almost 19 % were short sales.  So, almost 60% of homes sold here were short sales or foreclosures.  Scary!

The "Buyers' Market" continues.  There are 362 homes on the market now in Caroline County.  At a consumption rate of just 18 homes per month (54/3) it would take an estimated 20 months for all homes in Caroline County to sell, even if no more homes come on the market.

Home Sale Stats for Caroline County, Maryland, from 1/1/08 through 8/31/08

by Mickey Hayward

In the first eight months of 2008, one hundred fifty seven (157) homes were sold in Caroline County, Maryland.  That compares to two hundred twenty four (224) homes sold during the same period in 2007 and to three hundred four (304) homes sold during the same period in 2006.  So, that equates to a drop of about 29.9% from 2007 to 2008 and about 48.4% from 2006 to 2008.  That's huge for each of the last two years! 

When will home sales pick up again?  Interest rates are still very good. The absorption rate for homes in Caroline County, Maryland, reveals that with 502 homes on the market there is over a 25 month supply of homes to be sold even if no more homes were to come on the market in the next 25 months.  Wow.  Given that there will be additional homes listed in the coming months you obviously get the picture that there is an abundance of homes on the market in Caroline County and thus . . . it's still a Buyer's Market.

Call me or email me if you would to buy or sell a house land or a farm or if you need help with planning for a 1031 exchange (buy or sell).  Mickey Hayward Cell Phone (410) 924-2277 or  Email mickey@sunsetproperties.net

 

 

As of today, there are a total of 465 homes on the market in Caroline County, Maryland.  This is according to MRIS MLS data.  The majority of those homes are Active but some are Under Contract or Under Contract with Contingenices.  If you would like a breakdown of how many homes are under contract email me at mickey@sunsetproperties.net and I will email you that information.

Also, if you would like to know how many homes SOLD in a given price range in Caroline County, MD, (or in another county), email me and I will do a search for you and email you a personalized response.  If you are interested in a specific price range (how many homes sold in the $300,000 to $400,000 price range for example) I will need to know that.  I need to know as much specific information as you can supply for the data that you are interested in (County, mailing city, acreage range - if not in a town, price range, bedrooms, baths, specific time frame).  An example would be:

How many 3 Bedroom, 2 Bath, homes, on 1 to 3 acres, in the $250,000 to $300,000 price range, SOLD in the Denton area (or Greensboro, Ridgely, etc.) from 3-1-2007 to today?

Also, if you have a comment about the housiing situation in Caroline County, Maryland, please post to this blog.

Email me or call me any time:  Mickey Hayward, mickey@sunsetproperties.net  (410) 924-2277.

 

8/26/07 Home Availability on the Eastern Shore of Maryland

by Mickey Hayward

As of today, there are a total of 495 homes on the market in Caroline County, Maryland.  This is according to MLS data.  The majority of those homes are Active but some are Under Contract or Under Contract with Contingenices.  If you would like a breakdown of how many homes are under contract email me at mickey@sunsetproperties.net and I will email you that information.

Also, if you would like to know how many homes SOLD in a given price range in Caroline County, MD, (or in another county), email me and I will do a search for you and email you a personalized response.  If you are interested in a specific price range (how many homes sold in the $300,000 to $400,000 price range for example) I will need to know that.  I need to know as much specific information as you can supply for the data that you are interested in (County, mailing city, acreage range - if not in a town, price range, bedrooms, baths, specific time frame).  An example would be:

How many 3 Bedroom, 2 Bath, homes, on 1 to 3 acres, in the $250,000 to $300,000 price range, SOLD in the Denton area (or Greensboro, Ridgely, etc.) from 3-1-2007 to today?

Email me or call me any time:  Mickey Hayward, mickey@sunsetproperties.net  (410) 924-2277.

 

       

8/17/2007 Caroline County, Maryland, MLS Data

by Mickey Hayward

As of today, there are 494 homes actively on the market in Caroline County, Maryland.  This is per current MLS data in the MLS system for this area.

 

Displaying blog entries 1-5 of 5

Contact Information

Photo of Maryland, Virginia & Delaware Farms Homes & Land Real Estate
Maryland, Virginia & Delaware Farms Homes & Land
Sunset Properties / Hayward Realty
1138 0cean Highway
Pocomoke City MD 21851
(410) 479-9729
(410) 924-2277
Fax: (800) 547-1243



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