April 2012 showed another increase in sale for the Lutherville Timonium area.

$18,222,201 in homes sold in 21093, up 27.87% from $14,250,350 in April 2011. Average sales price was down 7% to $414,141.

Forty-four Timonium homes changed hands last month, versus 32 the April prior. Homes stayed on the market an average of 106 days before receiving an acceptable offer.

Half of the homes that sold were townhouses or condos, so that could be part of the reason the average sales price dropped. One of the homes that sold was over $2.5 million, and another over $1 million, though, as well!

Eighty-eight homes came on the market last month, and there were a total of 164 homes for sale in 21093. Fifty-two homes went under contract, hopefully setting May and June’s Timonium home sales to be strong.

Here is a link to the detailed April 2012 Timonium home sale report.

I’ve mentioned many times how Timonium and Lutherville homes are vastly different — neighborhood by neighborhood and often street by street. This month we had home sales ranging from $150,000 to over $2.5 million. That is the perfect example of the variety of homes in 21093!

For an idea of your Timonium house value, please contact me. I would love to help.