Odenton’s Maple Ridge: Homes Sales Down 24 Percent, Prices Stable

Odenton homes for sale

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.

Are You a House Flipper? Take This FREE Class in Millersville, Maryland

There's a lot more to "flipping" houses than most people realize. Unless you're an all-cash buyer, one of the biggest hurdles to overcome is securing funding for your renovation project. If you'd like to learn more about the basics of financing for real estate investors, CHARTER TITLE and KELLER WILLIAMS FLAGSHIP OF MARYLAND are holding a FREE CLASS on the subject tomorrow, Feb. 3. The class will cover:

- finance options for investors;

- ideal property types;

- equity based loans;

- seller financing and seller second loans; and

- commercial financing options.

The class will be held in the Keller Williams Flagship office training room, 1111 Benfield Blvd., Suite 250, Millersville, Maryland, 21108. Class time is 10 am until 11:30 am, and light breakfast refreshments will be served.

For more information on the class, or on investment property purchases in general. contact Jerry Kline, Realtor, Keller Williams Flagship of Maryland, at (443) 924-7418.

Hope to see you there!

The Cliftons Complete Their Pasadena, Md., Home Purchase

Pasadena Home Sales

Robert and Alicia Clifton completed the purchase of their new Pasadena, Md., home Dec. 22, just in time to move in for Christmas. The Cliftons relocated to the central Maryland area from Georgia to accommodate Robert's new assignment with the Coast Guard.

Avid boating enthusiasts, the Cliftons selected a large single family home with a 3-acre wooded lot, just a stone's throw from the water and a marina. Congratulations on your new home, Robert & Alicia, and thanks for allowing me to help you with the search and purchase!

If you know someone looking to buy or sell a home in the Baltimore/Washington/Annapolis area, call me at 443-924-7418. I'll be glad to help!

Second Arrest Made in Arkansas Agent's Murder

According to police reports, Crystal Lowery, the suspect's wife and a nursing student at the University of Arkansas at Little Rock, filed for divorce from Lewis on Oct. 17, citing general indignities and Lewis’ murder charge. She said in the filing that she did not know Lewis was a seven-time felon when they had married on April 20. Police have yet to disclose details on Lowery’s suspected involvement and if any additional suspects are being sought in the case. Second Arrest Made in Ark. Agent's Murder

When HOAs Foreclose, Mortgage Banks Are Left Empty-Handed

An eye-opening trend, really. Homeowner associations, similar to lenders, can foreclose on homes to recoup delinquent payments. Nevada, as well as 20 other states, has laws giving HOA liens priority over first mortgages. HOA Foreclosures Leave Banks Empty-Handed.

Federal Regulators Announce Dramatic Easing of Mortgage Standards

The move is expected to help open up the credit box to first-time buyers, self-employed borrowers, borrowers who have had recent job switches, and borrowers who faced financial hardship during the recession. FHFA's Dramatic Easing of Mortgage Standards

How to Assess the Real Cost of a Fixer-Upper House

• How to Assess the Real Cost of a Fixer-Upper HouseWhen you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

More Underwater Home Owners Are Refusing to Do Short Sales

Short sales have fallen sharply over the last few months after the expiration of a key tax break at the end of last year. Also, rising home prices have made lenders less likely to grant a short sale, The Wall Street Journal reports. Underwater Owners Refusing Short Sales

Study: Five Types of Distressed Homes Have the Deepest Discounts

The study by RealtyTrac analyzed residential property sales transactions for the year ending March 2014 to pinpoint the types of distressed properties that sell at the largest discounts, comparing factors like foreclosure status, occupancy status, equity and the year the home was built. 5 Types of Homes With Deepest Discounts

For Those Who Held On, Equity Has Returned

A new report shows that a borrower who bought a median-priced home in 2004 and held it for nine years – the average tenure in a home – would now have $28,114 in equity (including combined price appreciation and paying down mortgage principle). Home owners who purchased in 2006  and 2007 – during the peak of the market – are “nearly in positive equity” territory. For Those Who Held On, Equity Has Returned