Congratulations, RJ & Armine, you are UNDER CONTRACT to purchase your new-construction home in Jessup, Maryland! Building this beautiful home together is going to be a lot of fun! The home is being built by Harmony Builders, and construction should be completed by July. Thanks so much for choosing me as your Buyer’s Agent! I can’t wait until it’s finished.
Congratulations, Patrick & Krista, on the purchase of your new home in Shipley's Choice! Patrick & Krista have been working with Jerry Kline over the past year to find just the right home for their family. Jerry has also helped the clients rent their investment properties and helped Patrick's sister rent her home in the Piney Orchard section of Odenton, Maryland, and purchase another home there. Thanks very much for choosing Jerry to help you with all your real estate needs!
The Fort Meade-Area Housing Community Remains Extremely Popular With Buyers
The continued shortage of homes for sale in Odenton, Maryland’s, Piney Orchard community pushed the median home price there up 24 percent last month, according to year-over-year real estate data just released by MarketStats.
The median price for homes sold in Piney Orchard in December was $312,000, up from $251,600 in December 2016. Seventeen homes sold in Piney Orchard last month, while 18 homes sold in December 2016.
Despite the sharp jump in median home price, Piney Orchard homes took considerably longer to sell last month (65 days), on average, than in December 2016 (37 days). Still, the new data shows there simply are not enough homes for sale in the community to satisfy demand.
The “months of supply” of homes for sale in Piney Orchard last month was 1.8 months. Typically, less than 6 months of supply of homes indicates a market favorable to sellers, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.
The number of homes actively listed for sale in Piney Orchard in December (36) also was well below the five-year average for the community.
Of the 17 homes sold in Piney Orchard last month, 15 were attached homes (townhomes and condominiums) and two were detached single family homes. Buyers in six of those transactions used conventional financing to purchase their properties, four used Veterans Administration-backed loans, four used FHA loans, two purchased with cash and one buyer used another kind of financing.
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 (https://jerryklinerealtor.com/blog/).
Until Now, Homeowners Were Required to Be Age 55 or Older
There's big news today at Odenton's new, luxurious Two Rivers 55+ community! Two Rivers is now open to home buyers of ALL AGES!
Developers June 14 announced they are beginning construction on single family homes for all ages in a new neighborhood – The Cascade. Winchester Homes and Stanley Martin Homes are breaking ground on their new models this month, with sales beginning this fall. Anticipated home deliveries are early 2018.
Ryan Homes will be building all-age models in The Retreat neighborhood of Two Rivers later this year.
For more information on the community, or for a private tour of the homes available, contact me at (443) 924-7418!
A Strong Market for Odenton Home Sellers Pushed Prices Up More than 10 Percent Last Month
The average price of a home sold in Odenton last month rose more than 10 percent from the same time a year ago, according to new market data released by RealEstate Business Intelligence (RBI).
The increase in home prices stems in large part from an acute shortage of for-sale housing in Odenton, as the number of available homes for sale there dropped 37 percent from last year.
The shortage of available homes for sale was particularly notable in Odenton’s popular Piney Orchard community. The number of homes actively listed for sale in Piney Orchard (20) dropped 47 percent in February over the same time in 2016.
In Odenton’s Seven Oaks community, the number of available homes for sale in February (19) held steady from the previous year.
The “months of supply” of available homes for sale in Odenton remains critically low at 1.5 months, indicating an extremely strong market for home sellers. Anecdotal evidence shared by local realtors supports this data, with very active buyer-showing and open-house activity and multiple-bid scenarios involving many available Odenton properties.
Specifically, 24 townhomes, duplexes and condominiums sold in Odenton last month for an average price ($291,846) that was 10.29 percent higher than in the previous February. Six single-family detached homes sold in Odenton last month for an average price ($414,983) that was 10.21 percent higher than last year.
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/).
Congratulations, Caroline, on your accepted purchase offer for 8740 Bright Meadow Court in the Piney Orchard section of Odenton, Maryland! It's a lovely, renovated townhome in an excellent location. We'll have you moved in before St. Patrick's Day!
Congratulations, Anthony, on your accepted purchase offer for 808 Croggan Cres in the Glen Burnie community of Tanyard Springs! I'm excited for your first home purchase! You'll be moving into your new home in no time.
Just listed for rent in the Piney Orchard section of Odenton, Maryland, is this 3-bedroom, 2.5-bathroom townhome at 2474 Ivy Landing Way. The property, renting for $2,000 per month, is located just across the street from a large park, and is five minute's drive from Fort Meade, Maryland.
The townhome has 3 finished levels with large bump-out areas on 2 levels for extra space.
There's a bright and airy sunroom off the kitchen and a finished basement with family room. The master bedroom has a walk-in closet and full bath.
A very large deck on the rear of the home offers great outside space for entertaining.
The house is super clean and comes with 2 assigned parking spaces.
Piney Orchard offers tons of community amenities, including indoor and outdoor pools, tennis and basketball courts, running trails, a gym, a community center, and much more.
Call me today (443-924-7418) for more details!
Affordable single family homes located close to Fort Meade and the Odenton, Maryland, MARC Train Station are very difficult to find. This newly updated rancher at 8113 Beverly Road in Severn offers an extra big backyard and is tucked on a quiet street just five minutes from Fort Meade and the MARC commuter rail to Washington, D.C., & Baltimore.
Priced at $259,000, the home features remodeled baths and a large deck. The interior is freshly painted in neutral colors. And the private driveway leads to a secluded, park-like lot, ideal for games, gardens, picnics, campfires and exploring.
For buyers with young children, a five-star-rated elementary school is two short blocks away.
For more information on this three-bedroom, two-bathroom property (MLS#AA9829348), contact Jerry Kline (443-924-7418) today!
Congratulations, Ed, your home at 197 12th Street in the Pasadena, Maryland, neighborhood of Chelsea Beach is under contract!
Hugged by nature this charming, renovated home is located in a great school district. The upstairs features an updated kitchen, updated baths, a rustic wood fireplace with woodstove insert, three bedrooms and hardwood floors.
The lower level offers heated ceramic floors, a renovated full bath, a huge family room and an office/workout space.
Outside, watch a variety of wildlife from the rear deck or concrete patio.
This quiet oasis borders a thickly wooded conservation area and boasts Magothy River access via a private community boat ramp and park.
Do you know someone looking to buy or sell a home in the greater Baltimore/Annapolis/Washington, D.C. area? I can help! Have them contact Jerry Kline today (443-924-7418)!