Many thanks to my buyer and seller clients who closed their real estate transactions in November -- among them Randy Barth, Mike & Melissa Fletcher, and David & Isabella White. All of you could have chosen any real estate agent out there, and I very much appreciate the trust you put in me to get your goals accomplished. Thanks, also, to all of the agents in the Keller Williams Odenton office. You're all great friends and you’re always there when I need help!
Year-over-year housing figures for Gambrills, Md., show that the number of homes sold in the area last month remained on par with the number of homes sold in November 2013. However, the median price of those homes dropped 18 percent from last year.
Moreover, the homes sold in Gambrills last month stayed on the market much longer than the year before.
According to data prepared by RealEstate Business Intelligence, the average price of detached single family homes sold in Gambrills in November dropped 16 percent from last year. The average price of attached homes, which include townhomes, condominiums and duplexes, dipped 29 percent.
The number of homes actively for sale in Gambrills in November (67) was roughly the same as the prior year (62). However, homes sold last month took 58 percent longer to sell than last year. The average “Days on Market” was 106 days in November 2014, up from 67 days in November 2013.
Overall, 14 homes sold in Gambrills in November 2014, compared to 13 over the same period last year. Ten of the homes sold last month were detached properties and four were attached homes.
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.
Number of Homes Sold Dropped 29 Percent; Median Prices Down 8 Percent
November brought a steep drop in temperatures to Odenton and nearby Ft. Meade, Md., and along with the cold weather came a corresponding chill in the local real estate market.
Year-over-year housing numbers show that fewer homes sold in Odenton in November 2014 than in the previous November. Average home prices here dropped and homes took longer to sell.
Median home prices in zip code 21113 dropped 8 percent, from $305,000 to $280,000. The number of homes that were sold fell 29 percent, from 38 to 27. And the average number of days those homes stayed on the market rose 18 percent, from 45 days to 53 days.
Last month also saw a 20 percent jump in the total number of homes listed for sale in Odenton compared to the previous November (147 homes versus 122 homes).
The number of detached single family homes sold in Odenton took the biggest hit, dropping 53 percent, from 15 homes to seven. Similarly, the median sale price of those homes plunged 36 percent from the same time last year.
Attached homes, which include townhomes, condominiums and duplexes, fared a little better by comparison. Average prices of attached homes sold in Odenton dropped 4 percent over the previous year, while the number of attached units sold dropped from 23 to 20.
The housing data was issued by RealEstate Business Intelligence.
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.
Randy Barth has helped flip more than 30 residential properties in the greater Baltimore area over the last few years. After purchasing a 1924 duplex in Baltimore's Forest Park neighborhood for $21,000, he recently completed a massive renovation of the home and sold the property for $125,000. Randy enlisted me to sell the home.
Interestingly, to help boost market exposure of the property, I was able to get the home included in Live Baltimore's "Buying Into Baltimore" program (http://livebaltimore.com/events/details/buying-into-baltimore/#.VHiKv_10z5o). As a result, more than 50 qualified homebuyers were able to tour the home during the program's open-house bus tour on Sept. 27. The buyer found the house during that tour.
Do you have an interest in buying and "flipping" residential investment properties? Are you a first-time homebuyer in need of financial assistance for a Baltimore-area home? Call me, and I'll be glad to help you with your real estate need.
Again, congratulations Randy on your home sale, and thanks for choosing me as your listing agent!
David and Isabella White and their four young children faced a daunting move from Florida to accommodate David's new job at Ft. Meade, Md. Not knowing where to turn for help, they enlisted me as their buyers agent earlier this year. We spent time visiting a wide variety of properties in the greater Anne Arundel County area. In the end, David and Isabella settled on a Lennar new-construction home in the Glen Burnie community of Tanyard Springs.
We were able to get the Whites a fully upgraded, quick move-in Patriot single-family model for an incredibly low price. Tons of closing help from the builder, too!
If you know someone moving to the central Maryland area and needs help finding a place to live, have them give me a call. I'd be happy to help them, too!
Keep Your Home Purchase on TrackYou’ve found your dream home. Make sure missteps don’t prevent a successful closing. Read
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Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®
Brandon Crawford buys distressed residential properties in Baltimore City, then updates and renovates them. Some he keeps as rental properties and some he re-sells to others. Brandon recently enlisted me to help him with the purchase of 3110 Wolcott Ave. in Baltimore's Forest Park neighborhood. Having just closed the sale a few days ago, Brandon's already hard at work gutting and rebuilding the 90-year-old structure. Thanks, Brandon, for choosing me as your Buyers Agent!
Sometimes the “off-peak” holiday time can actually be the perfect moment to sell your home. Several studies show that, on average, homes listed in November and December are more likely to sell, sell more quickly, and more closely approach the asking price. Rush to Buy Homes During the Holidays?
Thanks, Mike Fletcher, for engaging me to help you sell 3551 Fortuna Ct. in Huntingtown. Now, we're off to find you a new place!
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
