25 of the 29 Maple Ridge Homes Sold in 2015 Were Duplexes
The number of homes sold in the Odenton, Maryland, subdivision of Maple Ridge fell 24 percent in 2015, while the median sale price of homes in the community remained at $225,000.
Sales data released by Real Estate Business Intelligence (RBI) show that the number of attached units sold in Maple Ridge dropped 17 percent, from 30 homes in 2014 to 25 homes in 2015. The amount of time needed to sell Maple Ridge homes in 2015 increased 8 percent from the year before, from 60 days to 65 days, on average.
Only four detached, single family homes sold in Maple Ridge in 2015. Five such homes sold during the previous year.
Maple Ridge is one of the older, more affordable communities in Odenton, which is adjacent to the vast Fort Meade military complex. Maple Ridge is located just east of Kings Heights, bordered by Odenton Road on the north and by Waugh Chapel Road on the south.
Maple Ridge is comprised mainly of colonial, split-foyer and rancher/rambler style homes. Most homes in the community were built between the early 1960s and the early 1970s.
According to RBI, 10 of the 29 Maple Ridge homes sold in 2015 were three-bedroom units. The remaining homes sold were four bedroom units.
Seven of the 29 Maple Ridge homes sold last year were bank-owned properties that had been through the foreclosure process. The rest were standard sales.
Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418, or visit his website (www.JerryKlineRealtor.com) or blog (http://jerryklinerealtor.com/about/jerrys-blog/).