Results
Belair-Edison
- Median days on the market decreased 81%, dropping from 75 days in 2001 to 14 days through the first three fourths of 2006. From 2005 to 2006, median days increased slightly from 12 to 14..
- Median sales prices increased 92%, rising from $65,450 in 2001 to $125,500 as of 2006. From 2005 to 2006, median sales prices have increased from $90,250 to $125,500 and are currently above the Belair Edison Census tract ($120,000).
- The number of houses sold annually has increased from 94 to 130 from 2001 to 2005. There is a small increase of houses sold in 2005 to 2006 from 130 to 134 houses.
- Rehab investment activity over $5,000 has increased from 0.69% in 2003 to 1.17% in 2006.
- Foreclosures are on a steady decline from 5.09% in 2001 to 1.65% in 2006.
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Charles Village
- Median days on the market are on drastic decline from 2000 to 2005, an 84% decrease. However, there has been an increase from 11.5 days to 33 days in years 2005 to 2006.
- Median sales prices have increased consistently from 2000 to 2005. Data shows a slight drop from $192,060 in 2005 to $189,000 in 2006.
- The number of houses sold rose from 68 in 2000 to 149 in 2005. From 2005 to 2006, the number of houses sold has declined from 149 to 94.
- Rehab investment activity over $5,000 has increased from 4.98% in 2005 to 6.60% in 2006.
- Foreclosures on the target blocks decreased from 2.70% in 2000 to 0.95% in 2006. A small decrease occurred with 1.11% in 2005 to 0.95% in 2006.
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Ednor Gardens
- Median days on the market have decreased 66%, dropping from 35 days in 2001 to 12 days through the first three fourths of 2006. From 2005 to 2006, median days have increased slightly from 10 to 12.
- Median sales prices have increased 117%, rising from $78,000 in 2001 to $169,500 in 2006. From 2005 to 2006, median sales prices have continued to rise from $142,500 to $169,500.
- The number of houses sold annually has sharply increased with 159 houses in 2005 to a projected 252 in 2006.
- Rehab investment activity over $5,000 increased from 0.84% in 2003 to 1.82% in 2004. From 2005 to 2006, rehab investment declined from 1.75% to 1.26%
- Foreclosures on the target blocks rose from 1.65% in 2000 to 1.68% in 2005, after reaching a high of 3.05% in 2001. Foreclosures have declined from 1.68% in 2005 to 0.80% in the first three fourths of 2006.
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Garwyn Oaks
- Median days on the market decreased 43%, dropping from 53 in 2001 to 30 days in 2006 after a spike of 105 days in 2002. An increase of 22 days to 30 days occurred in 2005 to 2006.
- Median sales prices have increased 117%, from $50,500 in 2001 to $109,500 in 2006. From 2005 to 2006, sales prices increase from $83,000 to $109,500.
- The number of houses sold annually has increased 45%, from 56 in 2001 to 81 in 2005. A decline occurred with 81 houses in 2005 to 72 houses in 2006. Rehab investment over $5,000 has increased from 1.67% in 2001 to 3.3% in 2002.
- From 2005 to 2006, investment increased from 1.74% to 2.63%.
- Foreclosures have decreased from 3.49% in 2000 and 2.62% in 2006. A decrease from 2.62% to 2.55% occurred from 2005 to 2006.
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Midtown
- Median days on the market have decreased from 60 in 2000 to 8 days in 2003 and then have increased to 44 days in 2006. From 2005 to 2006, median days have increased from 13 to 44 days.
- Median sales prices have increased 53%, rising from $151,732 in 2001 to $232,900 in 2006. From 2005 to 2006, sales prices have increased from $228,000 to $232,900.
- The number of houses sold per year has increased 68%, rising from 99 in 2001 to 166 in 2004. There has been a substantial decrease to 41 sales in 2005.
- Rehab investments of over $5,000 have increased significantly from 1.75% in 2001 to 8.82% in 2006. From 2005 to 2006, investments have decreased slightly from 8.95% to 8.82%.
- The rate of foreclosures decreased from 1.41% to 0.94% in 2005 to 2006.
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Mondawmin
- Median days on the market decreased 68%, dropping from 84 days in 2001 to 27 days in 2006. From 2005 to 2006, median days increase from 25 to 27.
- Median sales prices increased 42% from $42,250 in 2001 to $60,000 in 2006. From 2005 to 2006, median sales prices increase from $52,175 to $60,000.
- The number of houses sold annually has decreased 43% from 28 in 2001 to 40 in 2006, after a high of 50 houses in 2005.
- Rehab investments greater than $5,000 rose from 0.15% in 2001 to 1.54% in 2005 and 2006.
- Vacant and abandoned homes have increased from 4.9% in 2001 to 10.02% as of December 31, 2005. A slight decrease occurred with 8.92% of homes in 2006.
- Foreclosures have decreased from 2.93% in 2001 to 1.44% in 2006, spiking at 3.55% in 2002. Foreclosures decrease from 2.16% to 1.44% in 2005 to 2006.
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Neighborhoods of Greater Lauraville
- Median days on the market decreased 78%, dropping from 41 days in 2001 to 9 in 2006. From 2005 to 2006, median days dropped from 16 to 9.
- Median sales prices have increased 98%, rising from $78,200 in 2001 to $155,000 as of 2006. This is a small decline from $163,000 in 2005.
- The number of houses sold annually has increased 74%, a rise from 19 in 2001 to 33 in 2005. A decline in houses sold is projected to occur from 2005 to 2006 with 24 units sold.
- Rehab investment activity over $5,000 increased drastically from 0.62% in 2001 to 3.7% in 2005. From 2005 to 2006, rehab investment decreased from 3.7% to 2.16%.
- Foreclosures have remained steady at 1.54% in years 2000 and 2005. The number of foreclosures has increased to 2.06% in 2006.
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Patterson Park
- Median days on the market increased 82%, increasing from 34 days in 2001 to 62 days in 2006. Median days increased from 17 days in 2005 to 62 days in 2006.
- Median sales prices have increased 396%, rising from $35,000 in 2001 to $173,750 as of 2006. From 2005 to 2006, sales prices have increased from $130,000 to $173,750.
- The number of houses sold annually increased 32%, increasing from 152 in 2001 to 200 in 2005. The number of houses sold has decreased from 200 in 2005 to 146 in 2006.
- Rehab investments over $5,000 increased from 3.3% in 2001 to 10.34% in 2006. From 2005 to 2006, investments decreased from 11.71% to 10.34%.
- Foreclosures have dropped from 6.28% in 2001 to 0.51% in 2006.
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Reservoir Hill
- Median days on the market have decreased 16% dropping from 58 days in 2001 to 49 in 2006. From 2005 to 2006, median days have increased from 27 to 49 days.
- Median sales prices have increased 180% rising from $71,386 in 2001 to $200,000 in 2006. From 2005 to 2006, sales prices decreased slightly from $207,250 to $200,000.
- The number of houses sold annually has decreased from 94 in 2005 to 60 in 2006.
- Rehab investments of over $5,000 have soared, going from 1.76% in 2001 to 10.14% in 2006. This is a slight increase from 9.78% in 2005.
- Foreclosures have decreased from 3.64% in 2001 to 0.44% in 2006. From 2005 to 2006, foreclosures have decreased from 2.09% to 0.44%.
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Southeast Baltimore
- Median days on the market decreased 61%, dropping from 51 days in 2001 to 20 days as of 2006. From 2005 to 2006, median days have increased from 7 to 20 days.
- Median sales prices have increased 189%, from $55,400 in 2001 to $160,000 as of 2006. From 2005 to 2006, sales prices have increased from $131,500 to $160,000.
- The number of houses sold has increased 34%, from 85 in 2001 to 114 in 2005. From 2005 to 2006, the number of houses sold is projected to decrease from 114 to 98.
- Rehab investment activity over $5,000 has increased from 0.73% in 2001 to 2.06% in 2006. From 2005 to 2006, investment activity has decreased slightly from 2.66% to 2.06%.
- Foreclosures have decreased from 1.86% in 2001 to 0.67% in 2005. An increase to 1.15% occurs in 2006.
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