Wednesday, January 15, 2014

Bel Air Maryland Real Estate Market Report

Bel Air Maryland Real Estate Market Report
Compass Home Group of Keller Williams American Premier Realty
Call or Text 443-360-0086

We have written up market reports for Harford County, Baltimore County and now we are bringing you this hyperlocal report for all of our Bel Air friends out there!!  Our main office is located in Bel Air so we didn't want to skip over the hub of Harford County, even though we often find ourselves using our partner offices in Baltimore, Towson, and Perry Hall.  As the new year is upon us, we have already seen a huge jump in traffic on our listings, more phone calls, web leads and lots of conversation as the year is kicking off to a great start in Real Estate!!  The average sales price of a home sold last month rang in at $280,450, down 1.63% from the same time last year.  Nothing to be alarmed about, as it's a just a year over year comparison, and a house or two with a low, or high, price point could have skewed this a little.  Overall prices crept up in 2013.  The number of homes sold actually stayed exactly the same year over year.  The biggest drop we saw was that only 17 Bel Air Homes went under contract in December, down 48.48% from December of last year.  Judging by our last month, a lot of that can probably be attributed to the various snow storms we had that kept buyers, and Realtors alike, couped up in their warm and cozy homes!  Have no fear though, only 14 days into January, and we already have at least 23 properties under contract in the Bel Air Real Estate Market!! 

If you're interested in finding out what your home Bel Air home can sell for in today's market, please visit www.ListWithCompass.com for a free market analysis of your homes value!  The short survey will take 3-4 minutes and allow us to give you our professional opinion of where you home should be positioned, price wise, on the market today!  292 Active listings were sitting on the market at the end of December, up 32.13% from the same time last year.  This equates to the Bel Air Real Estate Market having just over 6 months of active inventory on hand for buyers to choose from, which the National Association of Realtors defines as a "balanced" market.  A balanced market is able to provide value to both home sellers, and buyers as they live in a happy medium.  For home buyers, if you are intersted in setting up a custom home search, so only the homes that match your personal needs are delivered to your inbox daily, visit www.BuyWithCompass.com and tell us a little bit about what your ideal home looks like. 
41 New Listings hit the market in December, up just under 14% from the same time last year as more sellers are trying to beat the flood of inventory that hits the market in the Spring.  If your debating selling your home this year, contact us today and find out why waiting for Spring can end up costing you more money, and more time.  Beat the rush and list today!!  www.ListWithCompass.com  29 listings have already hit the market in the first two weeks of 2014 showing us that January should outpace December by about 40%.  The average it is currently taking a listing to sell in the Bel Air Real Estate Market is 78 days, about 3 days faster than the same time last year, and 4 days faster than the county average.  By hiring the expertise and professionalism of the Compass Home Group, you can benefit from the fact that on average our Bel Air Homes listed sold 23 days faster than the average!!  Put our marketing, realtor connections, and vast database to work to get your home sold today!! 443-360-0086

Compass Home Group of Keller Williams American Premier Realty  
Tim Langhauser & Michele McCartin  
Call or Text 443-360-0086 for information
Get a FREE REPORT of your HOME'S VALUE at www.ListWithCompass.com