Morrell Park, Baltimore, MD - Market Trends Report
Morrell Park is one of those neighborhoods that most people don't think about when they think about affordable housing in Baltimore. Morrell Park is located in south west Baltimore and according to the Live Baltimore website is encompassed by Hollins Ferry Rd., B&O Railroad Tracks, Gwynns Falls to Wilkens Ave. to Caton Ave. to Patapsco Ave. to C.S.X tracks, back to Hollins Ferry Road and is located in Zip Code: 21230.
From Morrell Park it's easy to get to I95, I695 and into the city by way of Washington Blvd.
In Morrell Park you'll find a mix of single family detached homes and older row homes. The average age of homes in the area is 74 years. The average home price for row homes is $60,090 ranging from $22,900 to $139,900 during this last 6 month period. For single family detached homes the average home price is $89,430 ranging from $36,900 to $180,500.
This table shows home selling activity since June 1, 2011. The information was taken directly from the multiple list service and believed to be accurate.For the same time period one year ago there were 6 single family detached homes sold for an average price of $137,225, 2 of which were foreclosures and 4 were fair market sales, there were no short sales settled at that time.
For the same time period one year ago there were 16 town/rowhomes sold for an average price of $53,894, 9 of which were foreclosures, 1 was a short sale and 6 were fair market sales.
| Active | Contract/KO | Contract/No KO | Contract | Sold | Avg Days on Market | Avg Price | Avg Year Built | |
| Detached Homes | 185 | 89430 | 1926 | |||||
| Fair Market | 3 | 0 | 0 | 0 | 5 | |||
| Short Sales | 2 | 0 | 3 | 1 | 3 | |||
| Foreclosures | 1 | 0 | 0 | 0 | 0 | |||
| Minimum $ | 36900 | 69000 | 75000 | 79999 | ||||
| Maximum $ | 149900 | 105000 | 180500 | |||||
| Townhomes | 211 | 69090 | 1942 | |||||
| Fair Market | 21 | 0 | 0 | 2 | 4 | |||
| Short Sales | 4 | 0 | 0 | 0 | 1 | |||
| Foreclosures | 1 | 0 | 0 | 1 | 5 | |||
| Minimum $ | 22900 | 31000 | 24900 | |||||
| Maximum $ | 139900 | 84900 | 84500 | |||||
It looks like the average price for homes sold has increased slightly over this time last year, while the average price of detached homes has dropped and the number of foreclosures has dropped and the number of short sales has increased therefore increasing the average price of homes sold.
If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 Associates is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
In keeping with saluting our heroes, during 2011 I am waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the admin fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.
June Piper-Brandon ~ Associate Broker, CDPE, CIAS, ePro
From January 20-29, 2012, you can enjoy three-course dinners for $30.12 or $20.12. Also, select restaurants will be offering two-course lunch menus for just $15.12. See below for a list of participating restaurants.
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In the current market it's never been more important to make showing your home easy. Do yourself a favor and ask the agents you are interviewing how showings of your home will be handled. And, do yourself a favor don't cut corners by hiring a For Sale By Owner company to sell your home. Hiring a company and agent that offer full service. Homes that are sold by full service companies sell for more money and faster than those sold by the owner. If you are thinking about selling your home - call me and I will be happy to walk you through the steps it takes to take your home from home for sale to home sold.
This morning when I woke up there was frost on my car and on the roofs of the homes in my neighborhood in Lutherville. A lot of folks do this, they go out and start their car and leave it idling in the driveway or in front of their home to warm up while they finish their morning preparations. And, as we move deeper into winter the temptation will be greater to get into a warm car. A woman I used to work with used to have this gadget for her car that she could push a button that would start her car in the parking lot just before she was ready to leave so when she got out there her car would be all warmed up. Well, Baltimore County residents need to think twice about this. ABC news this morning posted an article that the Baltimore County Police Department wanted to warn residents that leaving your car unattended to warm up is not a good idea. In the past week, 5 cars have been stolen for this reason.