Canton Home Sales Up 19.4% From Last Year

The Canton area sold 74 homes in March 2011 and 62 homes in March 2010 showing an overall increase of 19.35 percent. Other data is shown in the chart below gives a reflection of the average sold price, median sold price, units sold, average days on the market over a year’s period, and a decrease or increase within a year.

 
 


Sold Summary Mar-11 Mar-10 %Change
Average Sold Price $117,795 $173,023 -31.92%
Median Sold Price $77, 805 $157,000 -50.44%
Units Sold 74 62 19.35%
Average Days on the Market 106 100 6.00%

One of the truly amazing things that I find quite impressive is the sold details. The Canton area showed a substantial amount of sold homes of attached townhomes over detached homes which are notated below in the chart.

Price Ranges 2 or Less 3 Bedroom 4 or More Condo
Bedroom Residential Bedrooms /Coop
Residential Residential
Detached Attached Detached Attached Detached Attached All
/TH /TH /TH
< $50,000 1 11 1 11 1 0 0
$50K to 99999 0 7 0 8 0 0 0
$100K to 149999 0 9 0 3 0 0 0
$150K to 199999 0 3 1 1 0 0 1
$200K to 299999 0 7 0 1 0 1 0
$300K to 399999 0 2 0 4 0 0 1
$400K to 499999 0 0 0 0 0 0 0
$500K to 599999 0 0 0 0 0 0 0
$600K to 799999 0 0 0 0 0 0 0
$800K to 999999 0 0 0 0 0 0 0
$1M to 2499999 0 0 0 0 0 0 0
$2.5M to 4999999 0 0 0 0 0 0 0
$5,000,000+00 0 0 0 0 0 0 0
Total 1 39 2 28 1 1 2
Average Sold Price $42,685 $120,701 $118,700 $103,727 $11,088 $265,000 274,500
Previous Year- Average Sold Price $125,000 $171,203 $0 171,819 $0 239,900 175,000
Average Sold % Change -65.85% -29.50% 0.00% -39.63% 0.00% 10.46% 56.86%
Previous Year- #of Sold 1 29 0 29 0 2 1

The Canton area displayed some amazing and impressive statistics for their sold homes which were the following:

* 11 townhomes with two bedrooms or lesser;  sold for under $50,000 with an overall average sold price of $120,701
* 11 townhomes with three bedrooms;  sold for under $50,000 with an overall average sold price of $103,727
* There were no million dollar homes sold in this area
* There were only four townhomes attached sold for a purchase price between 300k-399K

Looking at the sold homes and sold details of this neighborhood, do you think it was fair to price the average sold price of a home between the ranges of $103,000 to $120,701?

For more information about purchasing a home in the Canton neighborhood, please contact a Baltimore CondoDomainAgent.


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