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Meyers Index Rating
SITE REPORT
MARYLAND
430
Chesaco Ave & McCormick Ave, Baltimore MD 21206
Chesaco Ave & McCormick Ave, Baltimore MD 21206
1
39.3308N -76.5229W
Prepared by Mary Dalnekoff at EA Realty, LLC
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Economy
2
Baltimore-Columbia-Towson CBSA Metro Area
Baltimore city County
JOB GROWTH year-over-year
Sep. 2016 Job Growth:
new jobs31,7002016 Job Forecast:
new jobs30,199
UNEMPLOYMENT RATE
Sep. 2016 Unemployment:
4.3%↓Unemployment 2016 Forecast:
4.6%↓
Baltimore Gas & Electric Co
JOB GROWTH
Nov. 2016 Job Growth:
new jobs5,3492016 Job Forecast:
new jobsBon Secours Hospital 1,000+
Columbia Flier 1,000+
Exelon 1,000+
H&S Bakery Inc 1,000+
5,754
TOP EMPLOYERS
EMPLOYMENT BY SECTOR
# employees
OFFICE ABSORPTION
ANNUAL JOB GROWTH BY SECTOR
1,000+
2001
-43,840
65,760
21,920
-21,920
-65,760
43,840
0
2013
1985
1997
2009
1981
1993
2005
2017
F19
7719
89
1999
-48,120
36,090
-36,090-24,060
24,060
-12,030
12,0300
2011
1981
1993
2005
2017
F19
7519
87
TTU
1,650
-1,650
3,300
825
-825
2,475
0
NRMPBSOMIHGFEHCON
2000
9.07.5
4.5
1.5
6.0
3.0
2017
F19
9020
10
Construction (CON)2.9%
Education & Health (EH)30.9%
Government (G)20.0%
Information (I)1.3%
Finance (F)5.0%
Hospitality (H)8.7%
Manufacturing (M)3.1%
Other (O)3.8%
Natural Resource Mining (NRM)
0.0%
Professional & Business Services (PBS)
13.3%
Trade, Transport & Utilities (TTU)
11.0%
year-over-year
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Community
3
Zip Code 21206
Mccormick Elementary School
POPULATION BY AGE
2016E Median Age:
POPULATION GROWTH
2016E Population Growth:
0.02%2021F Population Growth:
Golden Ring Middle School 2/10
Overlea High School And Academy Of Finance 2/10
0.26%
SCHOOLS score
CRIME RATE per 1,000 people
Total Crime Rate:
66.19
3/10
2021F
51,090
50,310
49,530
51,480
50,700
49,920
49,1402016E20102000
HOUSEHOLD GROWTH
2016E Household Growth:
-0.06%2021F Household Growth:
0.24%
2021F
19,53019,460
19,88019,81019,74019,67019,600
2016E20102000
HOUSEHOLD INCOME
2016E Median Household Incomes:
$52,206
2016E
57,78052,96548,15043,33538,52033,705
62,595
2000 2021F85
+
11,600.09,280.06,960.04,640.02,320.0
0.0
75 to
84
65 to
74
55 to
64
45 to
54
35 to
44
25 to
34
15 to
24
Under 15
Violent Crime Rate:
10.24Property Rate:
40.59 25.084.46
36
WALKABILITY
Walk Score: 43/
ETHNICITY
29.54
21206 Maryland
year
Others0.9%
Two Plus2.6%
American Indian0.4%
Pacific Islander0.0%
Asian1.9%
Black69.2%
White22.7%
Hispanic2.4%
6month
100
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Supply
4
Baltimore city County
PERMITSOct. 2016 Total Residential Permits:
1,067
2004
1,750
1,400
1,050
350
700
02016LTM1988 2000 20121984 1996 20081980 1992
Single-family Multifamily
last twelve months
City of Baltimore
PERMITS
Oct. 2016 Total Residential Permits:
1,067
2016LTM
1,005
670
1,675
335
1,340
0201520142013201220112010200920082007
last twelve months
Single-family Multifamily
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Supply
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Sold Out ProjectUpcoming ProjectActive ProjectNEARBY PROJECTS
PROJECTNO BUILDER UNIT SIZE TYPE
Brandywine Beazer Homes 1850-1895 Attached1 $254,990 - $256,990
Hidden Meadows K. Hovnanian Homes N/A Attached2 N/A
Chesaco Park Huhra Homes 1554-2590 Detached3 $295,900 - $379,000
Taylors Landing Huhra Homes 1623-1623 Detached4 $304,900 - $304,900
Shadow Knoll Ryan Homes 1952-3060 Detached5 $379,990 - $433,990
PRICE RANGE
Ridge View Huhra Homes 2441-2441 Detached6 $399,900 - $399,900
Kiefer Ridge Procopio Family Homes 2120-2120 Detached7 $369,990 - $399,990
McNeal Farm Ryan Homes 1509-1952 Detached8 $389,990 - $434,990
Shirley Ridge Gemcraft Homes 1250-2445 Detached9 $429,990 - $494,990
O'donnell Square Ryan Homes 1391-2158 Attached10 $359,990 - $378,990
Athena Square Metroscape Development 1400-1400 Attached11 $246,000 - $289,000
Canton Heights Metroscape Development 2104-2800 Attached12 $334,900 - $349,900
Knightsview Lofts Metroscape Development 2000-2700 Attached13 $374,900 - $449,900
Merchant Hill Merchant Homes 2350-2550 Attached14 $645,000 - $810,000
Renaissance Square Mark Building Company… 1500-2500 Attached15 $278,000 - $345,000
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Sales
6
Baltimore city County
Total Home Closings
2007
27,325
16,395
5,465
21,860
10,930
02005 2016LTM20032001 20131999 20111997 2009
Tota
l Hom
e Sa
les
Oct. 2016 Total Home Closings:
6,154Oct. 2016 Total New Closings:
313Oct. 2016 Total Existing Closings:
5,841
City of Baltimore
Total Home Closings
2007
15,810
31,620
7,905
23,715
39,525
02005 2016LTM20032001 20131999 20111997 2009
Tota
l Hom
e Sa
les
Oct. 2016 Total Home Closings:
11,081 59010,491
21206 Zip Code
Total Home Closings last twelve months
2007
1,005
670
1,675
335
1,340
02005 2016LTM20032001 20131999 20111997 2009
Tota
l Hom
e Sa
les
Oct. 2016 Total Home Closings:
414 17397
Oct. 2016 Total New Closings:Oct. 2016 Total Existing Closings:
Oct. 2016 Total New Closings:Oct. 2016 Total Existing Closings:
last twelve months
last twelve months
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Prices
7
21206 Zip Code
CLOSINGS BY PRICE RANGE
200K
-340K
255075
100125
0
160K
-200K
120K
-160K
80K-12
0K
40K-80
K0-4
0K
CLOSING HOME PRICE
2007
144,135
288,270
96,090
240,225
48,045
192,180
336,315
2005 2016LTM20032001 20131999 20111997 2009 2008
60
15
75
30
90
45
2013
2003
2015
DETACHED AFFORDABILITY
City Of Baltimore
Oct. 2016 Median Detached New:
$372,686Oct. 2016 Median Detached Existing:
$218,195
2007
378,850
151,540
303,080
75,770
454,620
227,310
02005 2016LTM20032001 20131999 20111997 2009
Oct. 2016 Median SFD New:
$201,207Oct. 2016 Median SFD Existing:
$146,665New Existing
last twelve months
New Existing
CLOSING HOME PRICE
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Distress
8
City of Baltimore
HOUSING TRANSACTION VOLUME BY TYPE last twelve months
2015
15,800
12,640
9,480
6,320
3,160
02014 2016LTM
NOTICES OF DEFAULT & FORECLOSURES last twelve months
2007
12,825
10,260
7,695
5,130
2,565
02005 2016LTM20032001 20131999 20111997 2009
Oct. 2016 Notices of Default:
40Oct. 2016 Total Foreclosures:
3,344
21206 Zip Code
NOTICES OF DEFAULT & FORECLOSURES last twelve months
2007
725
435
145
580
290
02005 2016LTM20032001 20131999 20111997 2009
Oct. 2016 Notices of Default:
N/AOct. 2016 Total Foreclosures:
118
New Existing NODForeclosure Sale Foreclosure
Chesaco Ave & McCormick Ave, Baltimore MD 21206, Dec. 20, 2016 Appendix
9
ABOUT
DEFINITIONS AND METHODOLOGY
Meyers Research combines experienced real estate and technology advisors with leading data to provide our clients with a clear perspective and a strategic path forward. Based in Beverly Hills, we are home to 80 experts in 9 offices across the country.
Experienced real estate and technology advisors.
An international real estate investment and services firm with a success proven legacy.
www.kennedywilson.com
A comprehensive research platform withreal-time information all in one place.
www.meyersresearchllc.com [email protected]
(877) 966-3210
All information presented involved the assembly of data sources that we consider to be reliable, including the Bureau of Labor Statistics, Nielsen Claritas, Public Record Data, Moody's Analytics, Great Schools, U.S. Bureau of the Census, Zillow, various regional Multiple Listing Service providers, Meyers Research and Zonda. We do not guarantee any data accuracy as all information is subject to human errors, omissions, and/or changes.
Meyers IndexThe Meyers Index is a proprietary index that produces a score ranging from 0 to 1,000 for a geographic area, ranging from the nation to a specific zip code. A higher index score captures the desirability of housing development for the selected area and is calculated using specific data sets
weighted to interpret the strength of the market. Such metrics include price appreciation, sales activity, permit activity, demographic growth, household income levels, school scores, and affordability.
Walk ScoreWalk Score measures the walkability of a zip code from 0 - 100 using a patented system based on access to amenities, population density and road metrics. Methodology and full walk score scale can be viewed at https://www.walkscore.com/methodology.shtml.
Score ranges:0-49 - car dependent area50-69 - somewhat walkable90-100 - daily errands do not require a car.
DefinitionsCM - Current Month E - Estimated F - Forecast LTM - Last 12 Months