Your Local January 2017 Real Market Analysis for Ellicott City, MD!

Ellicott City, MD Real Estate Market Analysis for January 2017

Looking to BUY or SELL a Central Maryland Home? Call 240-389-EPIK or use our 15 second Home Value Estimator

Epik Home GroupJanuary started off strong in Ellicott City, MD! Current Market Analysis shows Median Sold Prices are up, inventory is smaller and days on the market is down to a new low.

Excellent way to start the new year. Let’s take a look at some of the major indicators for this month!

 # 1- SOLD PRICE

The average sold price for detached homes in Ellicott City, MD in January 2017 was $503,500.

This is an increase in value of about 8% compared with January 2016. The number of Units sold last month was up substantially to 66 from 43 units the same time last year. List to Sold Price also stayed strong at 96.4%, homes are being priced very well for the area. There are some very serious and active buyers looking here, and taking their time to find that perfect home. We are recommending those who are planning to list in Spring, to consider listing sooner, you may be pleasantly surprised with the turn around!  Contact us and we’ll help you get ready!
     

ALERT – If you have been thinking about selling for more than a year – now is the time as interest rates remain low and inventory is moving!  Contact us for information on How to Get Ready to Sell (or  How to Get Ready to Buy if you are looking to move into this area!)


# 2 – AVERAGE DAYS ON MARKET

The average Days on the Market dropped to just 71 days from 81!   Ellicott City has kept a strong pace all last year, and is continuing to steamroll into the new year! We are excited to see this market so active!

Click here to see the Ellicott City MD Real Estate active listings right now! (Feel free to save this link, it updates as the Ellicott City MD Real Estate market changes- you will always have the live market update).

# 3- NEW LISTINGS

There are currently 192 active listings in Ellicott City, MD , 90 of these homes are new for January 2017. The inventory is lower than it was last year, which had 222 properties available. Under new contracts is up 18% from this time last year at 52.

Do you love reading all the details? Click this link for all the current updates on Ellicott City MD.

LIVING IN ELLICOTT CITY

Our area is so wonderful that many people do not move out once they move in!  Using a local Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!

Ellicott City in Howard County, MD is a great place to live with excellent public schools, lots of outdoor parks and recreation opportunities, an award winning historic main street and countless options for working, shopping and dining – no wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!

What does this mean for people looking to invest in Howard County Real Estate?  It means you want to use a local Realtor who knows the market REALLY well. Call a LOCAL Realtor to help you with your Howard County Real Estate needs.

Even if you already live in Ellicott City- it is always a good idea to know what homes are selling for in your area since selling prices affect your home’s value as well!

Read on for more details of this active market!

Real Estate orphan

EPIK Home Group Keller Williams Realty Centre
443-418-7668 (Cell or text message)
443-766-1768 (Office)
ellie@ellierealtor.com

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Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information.  Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs! 

Click here to see reviews of EPIK Home Group!

                ______________________________________________EPIK Kids in Action 

AS OF JANUARY 1ST 2016, EPIK Home Group of Keller Williams Realty Centre will be donating 2.5% of every commission check to EPIK Kids in Action Foundation.

The more homes we sell, the more money we can donate to “EPIK Kids in Action“. Our goal for 2017 is to help 100 families buy a home!

 

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