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Crofton Area Real Estate Stats for April 2010

If you read my post and viewed the real estate statistics I posted on this blog for Crofton, just two days ago, you might be surprised to see that adjacent zipcodes are – well, quite DIFFERENT.

Davidsonville 4.10

The total # of homes sold went down in Davidsonville, remained steady in Gambrills, and more than doubled in Odenton from April a year ago.

Average and median sold prices were down dramatically for Davidsonville, mixed for Gambrills, and up slightly in Odenton.


Days on market were up, across the board in adjacent zipcodes, whereas Crofton experienced a huge drop.

Davidsonville and Gambrills saw final sold prices much lower than list price, whereas Odenton saw a slight increase.

Odenton 4.2010

When we look at the real estate statistics for zipcodes in the same immediate area, it certainly is evident that “all real estate is local”.   It’s really not possible to generalize – and certainly unrealistic to rely upon any media reports of national statistics for real estate sales.

Yet we must look at these figures for pricing new listings and deciding how much to offer in a purchase contract.  They are one lens that I consider when advising my clients, along with a Market Value Analysis or appraisal.

If this isn’t enough to leave you puzzled, there’s another perspective to consider, as well:  recent month-to–month trends.  For a look at those numbers, please visit Maryland Real Estate Blog over the weekend.  I’ll be working on those graphs today.

__________________________ is your one-stop source for information about Crofton, Maryland, and the surrounding area.  It’s my way of keeping current residents informed about their community and real estate matters while also attracting relocating home buyers to the Crofton area (including Bowie, Crownsville, Davidsonville, Fort Meade, Gambrills, Millersville and Odenton).  Please feel free to contact me any time for more information about these communities.

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