Recent home buyers who want a walk-in closet but didn’t get one in their home say they’re willing to spend $1,350 for one. After Central Air, Buyers Want Walk-In Closets
More Wrongful Foreclosures Against Military Members?
In 2011, reports began to surface that active military personnel members were losing their homes while deployed, which sparked Congressional hearings to further investigate. More Wrongful Foreclosures Against Military Members?
More Struggling Home Owners Opt for Short Sales
Foreclosure sales made up 11 percent of all transactions last year while short sales made up 32 percent, RealtyTrac reports. More Struggling Home Owners Opt for Short Sales
Interest-only Mortgages Begin to Reappear
Lenders say they provide these loans only to lower-risk, affluent borrowers with significant assets. Interest-only Mortgages Begin to Reappear
West Anne Arundel County Home-Sale Trends Continue Higher
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.
Seller Shortage Plagues Many Markets
In Odenton and elsewhere, buyers and agents are literally waiting for the next house. Seller Shortage Plagues Many Markets
More Home Owners Have Equity Again
Zillow recently estimated that 2 million home owners last year emerged from being underwater. More Home Owners Have Equity Again
Four Big Short Sale Hang-ups
Short sales are increasing this year, and these transactions can take up to three times longer than a traditional transaction. A lot can go wrong in that timeframe. 4 Big Short Sales Hang-ups
Study Reveals the Home Scents That Help You Sell
Some of the worst scents for real estate open houses: Potpourri, chocolate-chip cookies, gourmet foods, and other baked goods, according to the study. Study Reveals the Home Scents That Help You Sell
Vacation-Home Buyers Face Financing Hurdles
More buyers are bringing cash to the deal to avoid mortgage obstacles. Vacation-Home Buyers Face Financing Hurdles
