Site Report - LoopNet

[Pages:10]SITE REPORT

11240 Whithorn Way, Ellicott City MD 21042

Prepared by Tracy Koch at EA Realty, LLC

MARYLAND

418

11240 Whithorn Way, Ellicott City MD 21042

39.2485N -76.9057W

Meyers Index Rating

1

11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

PARCEL CHARACTERISTICS

APN

1403351580

Zoning

RCDEO

Land Use

SFR

Lot Size

45,738 sq ft

Lot Size

1.05 acres

Parcel Details

LAST RECORDED CLOSING

Date

Dec. 27, 2011

Sale Price

$980,000

OWNER INFORMATION

Name

LIANG XIN-ZHONG / CHEN SHENGFANG

Address

11240 WHITHORN WAY, ELLICOTT CITY MD, 21042

Lot Price per sq ft

$21.43

In Care Of -

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

Baltimore-Columbia-Towson CBSA Metro Area

JOB GROWTH year-over-year

Jul. 2017 Job Growth:

13,100new jobs

2017 Job Forecast:

10,407new jobs

63,990 42,660 21,330

0 -21,330 -42,660 -63,990

1978 1982 1986 1990 1994 1998 2002 2006 2010 2014 2018F

Howard County

JOB GROWTH year-over-year

Aug. 2017 Job Growth:

2,955new jobs

2017 Job Forecast:

3,163new jobs

11,960 8,970 5,980 2,990

0 -2,990 -5,980 -8,970

1976

1982

1988

1994

2000

2006

2012

2018F

OFFICE ABSORPTION

ANNUAL JOB GROWTH BY SECTOR

2,750 2,200 1,650 1,100

550 0

-550 -1,100

CON EH F G H I M O PBS NRM TTU

Economy

UNEMPLOYMENT RATE

Jun. 2017 Unemployment:

4.2%

Unemployment 2017 Forecast:

4.3%

9.0 7.5 6.0 4.5 3.0 1.5

1990

2000

2010

2018F

TOP EMPLOYERS

Johns Hopkins Univeristy Applied Physics Laboratory Lorien Health Systems Howard County General Hospital Verizon Communications

Howard Community College

# employees

5,000 2,000 1,777 1,700 1,294

EMPLOYMENT BY SECTOR

6.2% Construction (CON) 11.7% Education & Health (EH) 5.7% Finance (F) 10.0% Government (G) 8.6% Hospitality (H) 2.0% Information (I)

4.2% Manufacturing (M)

3.5% Other (O)

27.8% Professional & Business

Services (PBS)

0.0%

Natural Resource Mining (NRM)

20.4%

Trade, Transport & Utilities (TTU)

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

Community

Zip Code 21042

HOUSEHOLD INCOME

2017E Median Household Incomes:

$144,214

158,760 145,530 132,300 119,070 105,840 92,610 79,380

2000

2017E

2022F

POPULATION GROWTH

2017E Population Growth:

0.48%

46,115 44,110 42,105 40,100 38,095 36,090 34,085

2000

2010

2022F Population Growth:

1.07%

2017E

2022F

HOUSEHOLD GROWTH

2017E Household Growth:

1.16%

15,800 15,010 14,220 13,430 12,640 11,850 11,060

2000

2010

2022F Household Growth:

1.11%

2017E

2022F

CRIME RATE per 1,000 people

21042

Total Crime Rate:

10.77 27.72

Violent Crime Rate:

0.72 4.57

Maryland

Property Rate:

10.05 23.15

POPULATION BY AGE

2017E Median Age:

45 3 year

month

8,010.0 6,408.0

4,806.0 3,204.0 1,602.0

0.0

Under

15 15

to

24 25

to

34 35

to

44 45

to

54 55

to

64 65

to

74 75

to

84

85+

ETHNICITY

0.7% Others 3.0% Two Plus 0.2% American Indian 0.0% Pacific Islander

SCHOOLS

20.0% Asian 6.1% Black 67.1% White 3.0% Hispanic

score

Longfellow Elementary School

7/10

Harpers Choice Middle School

7/10

Wilde Lake High School

4/10

WALKABILITY

Walk Score:

15/100

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

Supply

Howard County

PERMITS last twelve months

Jul. 2017 Total Residential Permits:

999

6,700

5,360

4,020

2,680

1,340

0

1980

1984

1988

1992

1996

NUMBER OF LISTINGS

Jul. 2017 # of Listings:

898listings

1,575 1,260

945 630 315

0

Aug, 2013

Aug, 2014

Aug, 2015

Aug, 2016

Jul, 2017

Single-family

Multifamily

2000

2004

2008

2012

2017LTM

DAYS ON MARKET

Jun. 2017 Days on Market:

73days

160 140 120 100 80 60

Jul, 2013

Jul, 2014

Jul, 2015

Jul, 2016

Jun, 2017

City of Ellicott City

PERMITS last twelve months

Jul. 2017 Total Residential Permits:

N/A

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

NEARBY PROJECTS

Active Project

NO PROJECT 1 Riverwood

BUILDER Winchester Homes

UNIT SIZE 2957-6136

2 Patuxent Chase

Toll Brothers

4035-4975

3 Walnut Creek

Craftmark Homes

5120-5571

4 Walnut Creek Landmark Coll... Winchester Homes

3600-5995

5 Walnut Creek

Camberley Homes

3600-5995

6 Westmount

NVHomes

N/A

7 Estates at Walnut Creek

NVHomes

4195-5642

8 Estates At Walnut Grove (The) Trinity Homes

3585-5624

9 Walnut Creek

Trinity Homes

3900-5060

10 Walnut Grove

Mitchell & Best Homebui... 3959-5695

11 Centennial Overlook

Beazer Homes

2498-3628

12 Greenberry

NVHomes

2967-5242

13 Vantage at Turf Valley

Keelty

1269-1593

14 River Hill Overlook

NVHomes

2967-3468

15 Scot's Glen

Goodier Baker

2720-3020

Supply

Upcoming Project PRICE RANGE $800,000 - $3,100,000 $1,046,995 - $1,227,995 $1,096,900 - $1,181,900 $989,900 - $1,267,900 $949,900 - $1,267,900 N/A $999,990 - $1,209,990 $1,049,900 - $1,408,400 $950,900 - $1,300,000 $939,900 - $1,099,900 $731,990 - $845,990 $899,990 - $1,159,990 $334,990 - $404,990 $864,990 - $914,990 N/A

Sold Out Project TYPE Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Detached Attached Detached Detached

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

Sales

Howard County

Total Home Closings last twelve months

Jul. 2017 Total Home Closings:

4,980

Jul. 2017 Total Existing Closings:

4,160

Total Home Sales

9,550

7,640

5,730

3,820

1,910

0

1998

2000

2002

2004

2006

2008

Jul. 2017 Total New Closings:

820

2010

2012

2014

2017LTM

City of Ellicott City

Total Home Closings last twelve months

Jul. 2017 Total Home Closings:

1,368

Jul. 2017 Total Existing Closings:

1,161

Total Home Sales

2,625

2,100

1,575

1,050

525

0

1998

2000

2002

2004

2006

2008

Jul. 2017 Total New Closings:

207

2010

2012

2014

2017LTM

21042 Zip Code

Total Home Closings last twelve months

Jul. 2017 Total Home Closings:

654

Jul. 2017 Total Existing Closings:

540

Total Home Sales

1,050

840

630

420

210

0

1998

2000

2002

2004

2006

2008

Jul. 2017 Total New Closings:

114

2010

2012

2014

2017LTM

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11240 Whithorn Way, Ellicott City MD 21042, Aug. 31, 2017

Prices

City Of Ellicott City

CLOSING HOME PRICE

Jul. 2017 Median Detached New:

$813,774

1,028,650

Jul. 2017 Median Detached Existing:

$546,128

881,700

734,750

587,800

440,850

293,900

146,950

1998

2000

2002

2004

2006

2008

2010

2012

2014

2017LTM

21042 Zip Code

CLOSING HOME PRICE

Jul. 2017 Median SFD New:

$856,879

Jul. 2017 Median SFD Existing:

$559,920

1,766,910 1,472,425 1,177,940

883,455 588,970 294,485

0 1998 2000 2002 2004 2006 2008 2010 2012 2014

2017LTM

CLOSINGS BY PRICE RANGE last twelve months

225

180

135

90

45

0

80K-200K

200K-320K

320K-440K

440K-560K

560K-680K

DETACHED AFFORDABILITY

New

100 80 60 40 20 0

2004

Existing

2009

2014 2016

New

Existing

680K-800K

800K-920K

920K-3M

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