Wednesday, December 7, 2016

Frederick County Housing Statistics, Year-to-Date October 2016 - Prices Up Slightly

How is the Frederick County housing market?  Are prices are rising? Yes, slightly. The county has shown a small increase. Year to date October 2016 numbers indicate a 1.9% rise in overall housing prices.  Looking at Chart A below, prices have modulated steadily for 4 years but not risen much. Click on any of the charts to see a larger view.

HOUSING INDICATORS  I use five basic indicators to look at to gauge the health of the market:  1) Average price, 2) Number of homes sold, 3) Days on market, 4) Inventory, and 5) Short sales and foreclosures.  I will update these numbers in a month or so when year end data are available.   In this post, you will find all of these indicators plus provide some data by Frederick County ZIP Code shown in Chart H.

SUMMARY FREDERICK COUNTY:  As of October 2016,
  1. PRICE - The year-to-date (YTD) average sold price for all Frederick County homes rose 1.9% over last year, coming in at $302,320.  Shown by home type, the average prices for October 2016 look like this: detached homes:  $365,743; townhouses: $254,421; and condos: $183,302. Chart B below shows the average home price by type for a two year period.
  2. NUMBER OF SALES - The total sales, YTD were 3,645, which is 13% higher than in the total for 2015. Annual number of homes sold has been rising steadily since 2012. See Chart C.
  3. DAYS ON MARKET - The average number of days a home stayed on the market (DOM) until getting a contract was 72 throughout the year.  Up 2 days from the previous year.  This has varied a lot over the past 10 years. See Chart D.
  4. INVENTORY - Inventory can be tricky to understand. It is not simply the number homes on the market, but is a ratio of the number of homes for sale compared to the number of homes just sold. This is an indicator of the number of active buyers and yields a number that tells you how many months it would take to clear out all the currently available inventory.Inventory is 3. 4 months. This means that it would take 3.4 months to clear out all inventory given the current number of homes sold. 3.4 is somewhat low, as 6 months is considered average. Inventory has hovered below 5 months since 2012. See Chart E.
  5. SHORT SALES AND FORECLOSURES -  The Frederick County housing market also contains a percentage of short sales and foreclosures and it's good to keep an eye on those numbers. As of October 2016, about 3.6% of home sales were Short Sales, down slightly (.6) over last year. The number of Foreclosures dropped 2.4% , and are now around 12%.
    See Chart F.  Chart G shows the 10 year trend in Frederick County for Short Sales and Foreclosures.
Chart A  - Average Home Price by Type of Home - 2 Year Trend, Frederick County MD



Chart B - Average Home Price by Frederick City, MD ZIP Codes - YTD October 2016


Chart C -  Number of Homes Sold in Frederick County, MD - 10 Year Trend


Chart D -  Average Days On Market in Frederick County, MD - 10 Year Trend



Chart E -  Housing Inventory in Frederick County, MD - 10 Year Trend


Chart F: Percentage of Total Sales Which Are Foreclosures and Shortsales in Frederick County, MD ZIP Code - YTD October 2016


Chart G:  Foreclosures and Shortsales in Frederick County, 10 Year Trend as of  October 2016

Chart H: Average Home Price by Frederick County, MD ZIP Code - YTD October 2016

The data in this post comes from both MRIS, and SmartCharts RBI. Feel free to email or call me if you have any questions or would like further information about a particular subdivision in the County. Contact info is below. ~  Darcy

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Housing Market  •   Interest Rates  •  Daily Home Updates  •  www.darcyrichards.com
To suggest additional topics for the Talk About Frederick blog, to share your photos, or if you have questions, or corrections, e-mail darcyrichards01@gmail.com or call direct: 240/215-0381.  

Frederick MD is the city people love to live in!

Darcy Richards is your Realtor for the heart of Frederick, Maryland.  She will help you sell your current home, or buy a home, in the Frederick area. You can count on her for professional, competent, trusted guidance through the process.  Reviews.   Darcy Richards, RE/MAX Results, 7210 Corporate Ct, #B Frederick MD 21703   Direct: 240/215-0381 Main: 301/698-5005. Each office independently owned and operated.


Wednesday, November 16, 2016

December 2016 E-News from City of Frederick: Holiday Happenings, Leaf Pickup, Festival of LIghts, Pack a Police Car, Some Free Parking

The City of Frederick, MD's eNewsletter for December is packed full of useful information!   It is re-posted here by permission. If you have any questions or suggestions, direct them to Patti Mullens, the city's NEW Public Information Coordinator, and author of the newsletter:  pmullins@cityoffrederick.com. The topics for this month's newsletter are shown below and the articles follow. See the e-Newsletter archives for other issues.   ~ Darcy Richards
 eNewsletter Contents
  1. Celebrate Frederick! Holiday happenings to make memories
  2. 'Tis the Season for Snow - Know what you must do
  3. Leaves Are Leaving: Collection Continues - DPW making final pickups in December
  4. Celebrate at City Hall with Festival of Lights - December 16
  5. Third Annual Pack a Police Car - Event December 10 to help feed those in need
  6. Weinberg Center for the Arts - Warm up with 2016-2017
  7. TGIS: Weekend Parking Is Free! - Shoppers, visitors can park free in garages or at meters
  8. Talk to the Mayor Tuesday - December 27, from 2-6 p.m.
  9. Employment Opportunities - The City of Frederick 
  10. Municipal Government Works - Local leaders oversee essential service delivery
  11. Sustainability News - Compost bins still available to city residents



Sign-Up Today!
In This Issue
Time to Celebrate!
Preparation for Snow
Leaf Collection Under Way
Festival Lights City Hall
Pack a Police Car for Good
Weinberg Does Holidays
Park for Free on Weekend
Talk to the Mayor Tuesday
Job Opportunities
MGW Month Wrap-Up
Sustainability: Composting
Stay Informed by Watching City Cable Channel 99 for the latest City news!
Downtown Frederick Partnership 
It's what's happening!
City Board/Commission Vacancies
 Shopping, Dining and the Arts
Quick Links
Sign Up for Alert Frederick County
61st Administration
Connect with The City
 
December 2016

Celebrate Frederick!
Holiday happenings to make memories


     The City of Frederick sparkles with Celebrate Frederick this season: 
 Check out the Holiday Art Competition, Candlelight Historic House tour,  Kris Kringle's procession, gingerbread house making, musical  performances and crafts. 
 Find out more on the Celebrate Frederick website.

'Tis the Season for Snow      
Know what you must do



Believe it or not, it's that (snow) time of year again! The Department
snow-shovel.jpg
of Code Enforcement would like to remind you that if
you are the owner or occupant of a property in The City of Frederick, abutting a sidewalk, you are responsible for removing the snow and ice from that sidewalk. 
You have up to 12 hours after the snow stops falling to clear the snow and ice for a width of 4 feet (or the width of the sidewalk, whichever is less). This is important for the safety of our residents and visitors. 
It is also required by city ordinance, and failure to comply is a municipal infraction punishable by a fine of $100 - plus the costs of removal. 
The city's snow plow drivers get briefed on the upcoming season. 
In addition, it is illegal to deposit snow or ice onto the street or
sidewalk. This defeats the efforts of snow plow drivers and causes public safety concerns. Violation is a municipal infraction punishable by a fine of $500 - plus the costs of removing the snow or ice and repairing any damage to city property.  
Declared snow emergencies come with their own rules, posted on the city website.

Leaves Are Leaving: Collection Continues
DPW making final pickups in December

DPW is still collecting leaves.

The City of Frederick Department of Public Works'
leaf collection campaign continues, and property owners may put out their leaves for pick up through Friday, Dec. 18.   
Leaves will be collected in all areas of the city 
several times throughout the collection period, which began in October. After the campaign is over, everyone continues to get twice a month yard waste collection. 
For more information regarding yard waste and leaf collection, contact the Department of Public Works at 301-600-1440.

Celebrate at City Hall with Festival of Lights
December 16

City Hall's Christmas tree arrives for the season.
 
Friends and celebrants of all ages will gather Dec. 16 at the City Hall courtyard for the annual Festival of Lights, which brings the true spirit of the season alive. Holiday greetings, carols and an inspirational message are all part of this community tradition-based event.  Attendees participate in the program with a candle lighting ceremony that fills the City Hall courtyard with magnificent light.
This year, the festival is presented by Friends Meeting School, a K-12 community devoted to empowering the light within each student to shine brightly.  
Music will be provided by the Frederick Children's Chorus, Mayor Randy McClement will welcome the audience, and Jim Racheff is the Master of Ceremonies.
This year's program will also feature guest speaker, Annette Breiling, founder of Friends Meeting School.



Third Annual Pack a Police Car
Event December 10 to help feed those in need


10 a.m. to 1 p.m., Dec. 10
Monocacy Boulevard Walmart

The Frederick Police Department is inviting the community to help "Pack a Police Car" with non-perishable food and other needed items in support of the Community Action Agency. 
Items to be collected include:
       Non-perishable food, such as: canned vegetables and fruit, soup, crackers, canned meat/fish, condiments, pasta, rice, etc.
       Toiletries,  personal care items, and cleaning supplies

Keep up with the Frederick Police through the FPD App; and on FacebookTwitter, Instagram, YouTube, and Nextdoor.
  

Weinberg Center for the Arts

Warm up with 2016-2017



The Weinberg Center for the Arts' 38th season entertains in holiday style.
* "It's a Wonderful Life" - Dec. 2 - The Frank Capra classic Americana holiday film.
* "Shadows of the 60's- A Holiday Tribute to Motown" - Dec. 3 - Grooves with a musical tribute to legendary stars, including The Supremes, The Four Tops, The Temptations.
* "The Nutcracker" - Dec. 9 - Performed by the Maryland Regional Ballet.
* "A Christmas Carol" - Dec. 15, 16 - The Maryland Ensemble Theatre Fun Company produces this seasonal favorite. 
For information on these performances and the rest of the 2016-2017 season lineup, visit the website.

TGIS: Weekend Parking Is Free!

Shoppers, visitors: Park free in garages or at meters


Free Holiday parking started Thanksgiving Day.
  • Free parking every weekend 
From 8 a.m. to 6 a.m., Saturday-Monday, the parking is free at parking meters and garages every weekend from Thanksgiving through New Year's day, Jan. 1.

Talk to the Mayor Tuesday  
December 27, from 2-6 p.m.



Mayor McClement sets aside time to meet informally with citizens to discuss topics or issues of their choice during the monthly Talk to the Mayor Tuesday, scheduled for the fourth Tuesday, from 2-6 p.m., in the mayor's office. 
No appointment is necessary, and citizens meet with the mayor on a first-come, first-served basis.  
Talk to the Mayor Tuesday is next scheduled for Dec. 27.
For details, contact Pam Stocksdale: 301-600-1184 or pstocksdale@cityoffrederick.com.

Employment Opportunities
The City of Frederick 

The City of Frederick values diversity in its workforce and is an equal opportunity employer.  For information on employment with the City, visit  Job Opportunities & How to Apply.
Applications and current job descriptions are also available inside City Hall by the security desk on the first floor. 

Municipal Government Works
Local leaders oversee essential service delivery


A Tweet by The City of Frederick shared with The Maryland Municipal League.

The Maryland Municipal League spent November spotlighting and broadcasting the essential work that municipal governments like Frederick's do. Municipalities deliver essential services: road and sewer systems, water service, parking spaces, trash collection, leaf and snow removal. Mayor Randy McClement and members of the Board of Aldermen met with the state delegation Nov. 17 to discuss transportation funding, tax policy and economic development ahead of the upcoming General Assembly session. 

Sustainability News
Compost bins still available to city residents


Keeping it sustainable
Inexpensive compost bins are one way The City of Frederick encourages resource conservation, recycling, and sustainability. Bins are for sale from the Department of Public Works: $20 plus tax for the bin. The order form is available on the city website.
Information is available from Jenny Willoughby, sustainability manager, 

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To suggest additional topics for the Talk About Frederick blog, to share your photos, or if you have questions, or corrections, e-mail me at darcyrichards01@gmail.com or call my direct line: 240/215-0381.  Frederick is the city people love to live in!

Call on me to be your Realtor for the heart of Frederick.  I will help you sell your current home or find a new one. You can count on me for professional, competent, trusted guidance through the process.  Agent reviews.   Darcy Richards, RE/MAX Results, 7210 Corporate Ct, #B Frederick MD 21703   Direct: 240/215-0381 Main: 301/698-5005. Each office independently owned and operated.