The Heat Is Rising

THE HEAT IS RISING Okay, it's not quite on fire yet, but the Baltimore-area home market is finally something to celebrate. MOVING BACK TO DOWNTOWN PRICIEST 'HOODS Howard County dominates the list of neighborhoods with the highest median sales prices. POPULATION GROWTH (RELATIVE TO DISTANCE FROM CITY HALL) CARROLL COUNTY 395% WOODBINE: $505,000 ELLICOTT CITY: $520,000 CLARKSVILLE: $657,750 80% FULTON: $600,000 5.58% ANNE ARUNDEL COUNTY .25 .5 (IN MILES) DAVIDSONVILLE: $641,500 VIRGINIA TOP 10 DENSEST URBAN CENTERS IN THE U.S. NEW YORK SAN FRANCISCO HANG UP THE "SOLD" SIGN 3 CHICAGO 4 PHILADELPHIA LOS ANGELES FASTEST-SELLING COMMUNITIES 6. SEATTLE BOSTON BALTIMORE WASHINGTON, DC 10 SAN DIEGO MEDIAN DOM* FOR REGION DOWNTOWN TRANSPLANTS 2012 2013 *LOWEST MEDIAN NUMBER OF DAYS A HOUSE STAYS ON THE MARKET 66% HARTFORD, CT NEW YORK, NY BALTIMORE, MD OAKLAND, CA BIRMINGHAM, AL RICHMOND, VA MEMPHIS, TN FORT WORTH, TX NEW ORLEANS, LA TAMPA, FL FORECAST FOR BALTIMORE: MEDIAN HOME PRICE : $299,000 PREDICTED GAIN THROUGH SEPT. 2014: 8% 10 HOTTEST HOUSING MARKETS FOR 2014 Baltimore has been included in the top 10 major metro areas expected to see the biggest increase in home prices this year, according to CoreLogic Case-Shiller's latest home price forecast. MILLENNIALS 22% TAKE IT OR LEAVE IT! Top three neighborhoods that sell closest to their asking prices. NO.1 NO.2 NO.3 21202 Fulton Ellicott City EASTERN SIDE OF THE SOUTHERN HOWARD COUNTY HOWARD COUNTY DOWNTOWN BUSINESS DISTRICT EMPTY NESTERS/ RETIREES CONDOS AND TOWNHOUSES AND SHOPPING GREEN SPACE GOOD SCHOOLS WATERFRONT PARKS AND GREEN SPACE HISTORIC CHARM 12% AVERAGE PRICE PAID (RELATIVE TO ASKING PRICE) AVERAGE PRICE PAID AVERAGE PRICE PAID (RELATIVE TO ASKING PRICE) (RELATIVE TO ASKING PRICE) 100.6 % 98.2 % 97.6 % INCREASE IN SALES INCREASE IN SALES INCREASE IN SALES 17 % 18.3 % 18.6 % FAMILIES Adapted from "The Heat Is Rising' feature in the April 2014 issue of Baltimore magazine. A primary source for the data was mrishomes.com. ABINGDON: 35 days SYKESVILLE: 28 days CANTON/FELLS POINT: 27 days LUTHERVILLE: 20 days CROFTON: 19 days COLUMBIA: 17 days ELLICOTT CITY: 15 days