Frederick MD Housing Market Trendsmdelpierre@conversionpipeline.com
Recent government announcements have opened up numerous opportunities for individuals looking to purchase or sell their home this year. Homebuyers or real estate investors that purchase a home in 2020 can take advantage of mortgage interest deductions and a variety of local and state property tax credits. However, the largest tax benefits in 2020 comes from the sale of a property. As long as the homeowner lived in the home for at least two of the past five years, they do not have to pay tax on the profit of the sale. This makes 2020 an excellent year to sell and buy a new home.
Frederick, MD Housing Market
When deciding where to live, nowhere offers more charm or history than Frederick, MD. Frederick offers small town feel with all of the convenience of a large city. This popular destination has gained a lot of attention in recent years. Prospective homebuyers considering a move to Frederick, MD must act fast to take advantage of this year’s tax credits and make an investment into a market area that’s moving up. Available homes in Frederick are not lasting very long on the market.
In Frederick, the median list price was $335,000 in August, 2020. Median list price has risen 4.9% year-over-year since 2017. This year, most available homes in Frederick sold for their approximate asking price. The low inventory of available homes compared to the high number of prospective buyers makes 2020 an excellent year to sell. However, the low inventory makes the real estate market extremely competitive. Prospective buyers need to act fast if they plan to purchase a new home before the end of the year.
Buying a New Home in Frederick, MD
As most prospective homebuyers know, location makes a big difference when buying a home. Before making this important purchase, homebuyers must consider multiple factors including lifestyle, commute, school aged children, and more. The small city feel and relaxed atmosphere of Frederick makes it an extremely attractive location for individuals and families. Although homebuyers can choose from a selection of available homes, purchasing a newly constructed home offers undeniable advantages. Homebuyers that purchase homes in master-planned communities like Landsdale get to choose from a selection of carefully crafted homes while taking advantage of premium amenities.
About Frederick, MD
Located close to Baltimore and Washington DC, Frederick residents don’t have to travel far to go to work or enjoy the entertainment big cities have to offer. For people that enjoy a quieter lifestyle, Frederick has a thriving art scene, several local eateries, and historic landmarks. For families, Frederick is home to top rated school districts.
Frederick County’s fastest selling new home community, Landsdale offers residents a welcome escape from hectic city life. This stunning community features homes built by the area’s finest local builders. Residents enjoy scenic views and premium amenities including an Olympic-size swimming pool, leisure pool, tennis courts, playgrounds and tot lots, sport court, walking trails, outdoor amphitheater, and a Craftsman-style clubhouse.
Please contact us for more information about available homes or to schedule an appointment with our builders.