Buyers are finding a lot fewer homes to choose from, and homes are selling much faster.
Real estate sales activity in west Anne Arundel County continues to be strong, as measured by the latest data provided by the Metropolitan Regional Information Service.
Far fewer homes are on the market than at the same time a year ago and homes are selling much faster.
Median home prices in Odenton and Gambrills tailed off a bit during the most recent reporting period. But those drops were relatively small and followed several months of sizable home price increases in those areas.
Gambrills enjoyed a huge jump in the number of homes sold over the same time last year. Meanwhile, Crofton residents saw the median price for homes sold in their zip code jump by nearly 31 percent over January 2012.
In Odenton, there were far fewer homes on the market in January than during the same period in 2012, and the Odenton houses that sold in January did so twice as quickly on average as the year before.
Odenton (21113)
Jan. 2013
Jan. 2012
% Change
Median Sold Price
$224,500
$230,000
-2.39%
No. of Homes Sold
18
21
-14.29%
Avg. Days on Market
48
103
-53.40%
No. Attached Homes Sold
15
16
-6.25%
No. Detached Homes Sold
3
5
-40.00%
No. of Active Listings
76
130
-41.54%
In Severn, median home prices in January jumped more than 10 percent over the previous year. Also, there were far fewer homes for sale in Severn in January than a year ago.
Severn (21144)
Jan. 2013
Jan. 2012
% Change
Median Sold Price
$285,000
$257,500
10.68%
No. of Homes Sold
13
16
-18.75%
Avg. Days on Market
158
147
7.48%
No. Attached Homes Sold
5
2
150.00%
No. Detached Homes Sold
8
14
-42.86%
No. of Active Listings
109
149
-26.85%
In Gambrills, more than twice as many homes sold in January than during the same period one year earlier. However, the homes sold in January stayed on the market much longer than in January 2012, and the median home price dropped 14 percent.
Gambrills (21054)
Jan. 2013
Jan. 2012
% Change
Median Sold Price
$323,500
$376,500
-14.08%
No. of Homes Sold
14
4
250.00%
Avg. Days on Market
135
48
181.25%
No. Attached Homes Sold
6
1
500.00%
No. Detached Homes Sold
8
3
166.67%
No. of Active Listings
42
42
0.00%
In Crofton, median home prices in January jumped 31 percent year-over-year. The number of homes actively for sale in Crofton in January dropped 45 percent from the year before, and the homes that sold were on the market an average 36 percent less time than the previous January.
Crofton (21114)
Jan. 2013
Jan. 2012
% Change
Median Sold Price
$287,500
$219,000
31.28%
No. of Homes Sold
18
16
12.50%
Avg. Days on Market
65
101
-35.64%
No. Attached Homes Sold
12
11
9.09%
No. Detached Homes Sold
6
5
20.00%
No. of Active Listings
41
75
-45.33%
Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418.
