Monthly Archives: April 2012

April 2012 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch

The April 2012 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch is now available.

Realestate Business Intelligence (“RBI”) produces a monthly video covering local real estate market conditions. The one below is for the Balitmore Maryland metro region, which includes Annapolis and Anne Arundel County for April 2012. The video is about three minutes long and reviews the real estate market statistics for our region.

Real estate trends can be very local, one subdivision or neigborhood trending up in price while another one is trending down in price, and the very next month it could flip-flop.

When selling a home, knowing the current trends that might affect the sale of you home is critical information to proper price positioning. Without knowing the trends, you could easily overprice your home and scare buyers away or underprice your home and give it away. Either way, you’ll miss the market and possibly loose money along the way.

When buying a home, knowing which way home prices are trending offers critical guidance so that you don’t over pay for your next home. While “timing the market” is very difficult, knowing the current real estate trends will help you know just where a home fits into todays market.

Related MarketWatch Posts

March 2012 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch

Kent Island Waterfront Homes For Sale – April 2012

Kent Island waterfront homes are some of the most sought after real estate on the Eastern Shore of the Chesapeake Bay. Kent Island‘s adjacency to the Washington-Baltimore metropolitan area makes it a highly desirable retreat from the hustle and bustle of these metro cities. The Bay offers boaters and fishermen alike a vast water orient playground for all kinds of recreational activities, from sailing to windsurfing, boating to jet skiing, from fishing to hunting. Many waterfront homes located along the Eastern Shore of the Chesapeake Bay offer unrivaled waterfront vistas, private piers and sandy beaches. You can find cottages and castles on Kent Island on the Eastern Shore of the Chesapeake Bay.

Kent Island waterfront homes are well located just across the Chesapeake Bay Bridge from Annapolis and the major metro areas of Washington DC and Baltimore. You don’t have to leave “the Island” in order to find local shopping, restaurants and other essential services. There are marinas, a private airport (if you happen to also have a plane), and hotels on Kent Island. You you can easily live a Kent Island waterfront lifestyle and commute to Washington and Baltimore.

The spring selling season is heating up for the Chesapeake Bay waterfront real estate market. Real estate activity has been on the rise. Real estate agents are seeing have seen increased visitors to open houses, sometimes receiving multiple offers on desirable waterfront properties, and offers coming in within weeks and even days of waterfront homes going on the market. These are real positive signs that the Chesapeake Bay real estate market could be on the rebound.

The chart below tracks current real estate market trends for Kent Island in Maryland where many Chesapeake Bay waterfront homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There are 55 Kent Island waterfront homes for sale for sale today. The average asking price is $1,404,566 and they have been on the market an average of 325 days. The minimum asking price for Kent Island waterfront homes for sale is $419,900 and a maximum asking price of $4,999,000.

There are 8 Kent Island waterfront homes under contract today. The average asking price is $1,340,125, and they have been on the market an average of 372 days. The minimum asking price for Kent Island waterfront homes under contract is $175,000 and a maximum asking price of $2,550,000.

In the last 90 days there were just 3 waterfront homes sold on the Kent Island in Stevensville in Queen Anne’s County in Maryland. The average list price was $971,000 and they were on the market for an average of 77 days. The minimum list price for sold listings was $214,000 and a maximum list price of $2,100,000.

The average sold price for waterfront homes on Kent Island during the period was $811,667 for a 87.63% sold-to-list ratio off their original list price. The minimum sold price was $205,000 and a maximum sold price of $1,700,000. The average seller subsidy paid was $1,667 and a maximum of $5,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With only 1 Kent Island waterfront homes selling each month, there is 55-plus months of inventory of homes for sale on Kent Island in Stevensville Maryland. When inventory is less than six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. Current conditions suggest that it is a “buyer’s market” for Chesapeake Bay waterfront homes.

Don’t waste any more time, click here to find your ideal Kent Island waterfront home.

Kent Island is located in Stevensville in Maryland in the Chesapeake Bay which is the largest estuary in the United States. The Bay, as it’s often referred to, is more than just a place to live, it’s a waterfront lifestyle, a livelihood for waterman, and a playground for boaters, fishermen, and hunters alike. To learn more about what you can do to save the Bay, please visit the Chesapeake Bay Foundation. Their mission is to save a national treasure – The Chesapeake Bay.

Stephen Howell specializes in listing and selling Chesapeake Bay waterfront real estate, waterfront listings on Chesapeake Bay in Maryland, real estate on the Chesapeake Bay in Maryland, waterfront estates on Kent Island Maryland, waterfront estates on Chesapeake Bay in Maryland, luxury properties in Maryland, and waterfront real estate on Chester River and Eastern Bay.

NOTICE: All data as of April 14, 2012. Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

Chesapeake Bay Waterfront Homes For Sale – April 2012

Chesapeake Bay waterfront homes are some of the most sought after real estate in the Washington-Baltimore metropolitan area. The Bay, as it’s locally referred to, offers boaters and fishermen a vast playground for water oriented recreational activities. Many waterfront homes located along the shores of the Chesapeake Bay offer unrivaled waterfront vistas, piers (some with deep water), and sandy beaches. You can find castles and cottages along the Chesapeake Bay.

Chesapeake Bay waterfront homes are well located only a short distance from Annapolis and the major metro areas of Washington DC and Baltimore. Local shopping, area attractions, and more are all within within easy driving distances. If you work for the Federal government, at one of the many military installations around the area (including Ft. Meade or NSA or other local government contractors) you can easily live a waterfront lifestyle. You also have the Baltimore Washington International Airport, better known as “BWI”, the region’s airport nearby.

The spring selling season is heating the Chesapeake Bay waterfront real estate market. Real estate activity, like recent temperatures, have been on the rise. Real estate agents are seeing have seen increased visitors to open houses, sometimes receiving multiple offers on desirable waterfront properties, and offers coming in within weeks and even days of waterfront homes going on the market. These are real positive signs that the Chesapeake Bay real estate market could be on the rebound.

The chart below tracks current real estate market trends for Anne Arundel County in Maryland where many Chesapeake Bay waterfront homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There are 392 Chesapeake Bay waterfront homes for sale for sale today. The average asking price is $1,184,155 and they have been on the market an average of 275 days. The minimum asking price for Chesapeake Bay waterfront homes for sale is $150,000 and a maximum asking price of $15,000,000.

There are 80 Chesapeake Bay waterfront homes under contract today. The average asking price is $1,001,519, and they have been on the market an average of 237 days. The minimum asking price for Chesapeake Bay waterfront homes under contract is $124,500 and a maximum asking price of $6,495,000.

In the last 90 days there were 59 homes sold on the Chesapeake Bay waterfront in Anne Arundel County Maryland. The average list price was $851,470 and they were on the market for an average of 188 days. The minimum list price for sold listings was $161,900 and a maximum list price of $5,950,000.

The average sold price for Chesapeake Bay waterfront homes in Anne Arundel County Maryland during the period was $504,000 for a 83.47% sold-to-list ratio off their original list price. The minimum sold price was $150,000 and a maximum sold price of $5,100,000. The average seller subsidy paid was $3,425 and a maximum of $30,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With about 20 Chesapeake Bay waterfront homes in Anne Arundel County selling each month, there is about a nineteen and one half month inventory of homes for sale on Chesapeake Bay waterfront in Anne Arundel County Maryland. When inventory is less than six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. Current conditions suggest that it is a “buyer’s market” for Chesapeake Bay waterfront homes.

Don’t waste any more time, click here to find your ideal Chesapeake Bay waterfront home.

Map of Chesapeake Bay Waterfront Homes For Sale

The Chesapeake Bay is the largest estuary in the United States. It’s more than just a place to live a waterfront lifestyle, the Chesapeake Bay is a livelihood for waterman, as well as, a playground for boaters, fishermen, and hunters alike. To learn more about what you can do to save the Bay, please visit the Chesapeake Bay Foundation. Their mission is to save a national treasure – The Chesapeake Bay.

Stephen Howell specializes in listing and selling Chesapeake Bay waterfront real estate, waterfront listings on Chesapeake Bay in Maryland, real estate on the Chesapeake Bay in Maryland, waterfront estates in Annapolis Maryland, waterfront estates on Chesapeake Bay in Maryland, luxury properties in Maryland, and waterfront real estate on Severn River, Back Creek, Spa Creek, South River and West River.

NOTICE: All data as of April 10, 2012. Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

Homes For Sale in Blackwalnut Cove in Annapolis Maryland – April 2012

Blackwalnut Cove is a private community located in Annapolis Maryland on the Annapolis Neck Peninsula. Blackwalnut Cove includes both waterfront and non-waterfront homes, many of which have spectacular views of the Chesapeake Bay, Oyster Creek and Fishing Creek. Blackwalnut Cove is a water access community offering all residents use of two marinas, a boat ramp, and a fishing pier.

Blackwalnut Cove is a community of about 133 homes situated on the Annapolis Neck Peninsula. Blackwalnut Cove offers residents community amenities including a neighborhood waterfront park (on Blackwalnut Creek), a small hand-launch boat ramp, a playground and a basketball court. Blackwalnut Cove homes are well located minutes from downtown Annapolis, local shopping, area attractions, and is within easy commuting distance of Washington, Baltimore, Ft. Meade, NSA, and other local government contractors.

It is a hot spring season in Annapolis Maryland real estate market. Temperatures are on the rise and real estate activity is too. Agents are seeing strong showings at open houses, multiple offers on desirable “hot” properties, and offers coming in sometimes within weeks and even days of homes going on the market. These are real positive signs that the Annapolis Maryland real estate market could be on the rebound.

The chart below tracks current real estate market trends for Annapolis Maryland in the 21403 zip code where Blackwalnut Cove homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There is 1 Blackwalnut Cove homes for sale for sale today. The asking price is $$439,900 and it has been on the market 9 days.

There is 1 Blackwalnut Cove homes under contract today. The asking price is $399,500 and it has been on the market 17 days.

In the last 90 days there was only 1 home sold in Blackwalnut Cove in Annapolis Maryland. The list price was $314,900 and it was on the market for 23 days. The sold price for Blackwalnut Cove homes in Annapolis Maryland during the period was $320,000 for a 98.46% sold-to-list ratio off the original list price. The seller subsidy paid was $9,935. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With one or less Blackwalnut Cove home in Annapolis selling each month, there is about a 30-day inventory of homes for sale in Blackwalnut Cove in Annapolis Maryland. When inventory is less than six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. Current conditions suggest that it is a “seller’s market” in Annapolis Maryland Blackwalnut Cove.

Don’t waste any more time, click here to find your ideal home in the Blackwalnut Cove area of Annapolis Maryland.

Map of Homes For Sale In Blackwalnut Cove In Annapolis Maryland

The Blackwalnut Cove Property Owners Association has additional information about the Blackwalnut Cove neighborhood that may be of interest to you if you’re thinking about purchasing a home in this area.

NOTICE: All data as of April 7, 2012. Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

Homes For Sale in Oyster Harbor in Annapolis Maryland – April 2012

Oyster Harbor is a private community located in Annapolis Maryland on the Annapolis Neck Peninsula. Oyster Harbor includes both waterfront and non-waterfront homes, many of which have spectacular views of the Chesapeake Bay, Oyster Creek and Fishing Creek. Oyster Harbor is a water access community offering all residents use of two marinas, a boat ramp, and a fishing pier.

Established back in the 1950′s, you will find many architectural styles among the 400-plus homes in Oyster Harbor. There are cottages and bungalows, as well as traditional and contemporary homes located throughout the community. Residents are both year round and seasonal, with some only coming for the summer and others only on weekends. Oyster Harbor homes are well located minutes from downtown Annapolis, local shopping, area attractions, and is within easy commuting distance of Washington, Baltimore, Ft. Meade, NSA, and other local government contractors.

Homes For Sale In Oyster Harbor In Annapolis Maryland

It is a hot spring season in Annapolis Maryland real estate market. Not only have temperatures risen, but real estate agents from around the area are reporting increased showings at open houses, instances of multiple offers on properties, and offers over asking price within weeks and even days of homes going on the market. There is some real positive signs in the real estate market in Annapolis Maryland.

The chart below tracks current real estate market trends for Annapolis Maryland in the 21403 zip code where Oyster Harbor homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There are 9 Oyster Harbor homes for sale for sale today. The average asking price is $489,067 and they have been on the market an average of 165 days. The minimum asking price for Oyster Harbor homes for sale is $224,900 and a maximum asking price of $800,000.

There are 4 Oyster Harbor homes under contract today. The average asking price is $558,673, and they have been on the market an average of 221 days. The minimum asking price for Oyster Harbor homes under contract is $374,900 and a maximum asking price of $999,990.

In the last 90 days there were 6 homes sold in Oyster Harbor in Annapolis Maryland. The average list price was $287,483 and they were on the market for an average of 131 days. The minimum list price for sold listings was $110,000 and a maximum list price of $415,000.

The average sold price for Oyster Harbor homes in Annapolis Maryland during the period was $265,000 for a 84.67% sold-to-list ratio off their original list price. The minimum sold price was $115,000 and a maximum sold price of $387,000. The average seller subsidy paid was $5,735 and a maximum of $11,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With about 2 Oyster Harbor home in Annapolis selling each month, there is about a 4 and one half month inventory of homes for sale in Oyster Harbor in Annapolis Maryland. When inventory is less than six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. Current conditions suggest that it is a “buyer’s market” in Annapolis Maryland Oyster Harbor.

Homes For Sale In Oyster Harbor In Annapolis Maryland

Don’t waste any more time, click here to find your ideal home in the Oyster Harbor area of Annapolis Maryland.

The Oyster Harbor Citizens Association has additional information about the Oyster Harbor neighborhood that may be of interest to you if you’re thinking about purchasing a home in this area.

It’s A Hot Season

It is a hot spring season here at Coldwell Banker Residential Brokerage. Not only have temperatures risen, but real estate agents across numerous regions are reporting increased showings at open houses, instances of multiple offers on properties, and offers over asking price within weeks and even days. There is positive excitement in the real estate industry right now that is infectious and exhilarating.

Overall, there has been steady interest and demand from entry level and move-up buyers, but we are also seeing more confidence in the high-end market, with some luxury homes going under agreement fairly quickly. In one instance, a condo priced at $1.495 million recently went under contract in under a week. One home in a suburban neighborhood priced in the $400,000s had incredibly heavy attendance at an open house and received an offer the same day.

Look to the graphs below (follow the links by county) to see if similar trends are happening in the areas that are of most interest to you. You can also contact a Coldwell Banker Residential Brokerage sales professional who can tell you exactly what is happening in your community, and the price points that are experiencing the most interest.

So what has changed to cause this kind of stir and excitement that hasn’t been seen in years? In many areas, prices are no longer falling and have remained somewhat steady. Pent-up buyers also recognize that interest rates could go up and for many, lifestyle changes make it imperative to purchase a home. Consumer confidence is growing and inventory levels are still relatively low, compared to years past.

With this level of activity, buyers need to come prepared with solid financing, and be ready to make a quick purchase decision. Despite the misperception, financing is available for qualified buyers. If you are interested in purchasing a home, please contact a Coldwell Banker Residential Brokerage sales professional who can tell you what you need to do to obtain financing, locate your dream home in your price range and negotiate on your behalf.

For those who are thinking of placing their home on the market, but not sure if now is the right time, contact a Coldwell Banker Residential Brokerage sales professional today. Now is not the time to wait if you want to list and sell your home. There are buyers currently in the market who have financing, and as we’ve seen in the past weeks, are prepared to make a purchase decision now.

If you’re thinking about buying or selling a home, now is the time to please call me at (443) 994-8043.

Anne Arundel, Baltimore, Baltimore City, Caroline, Carroll, Cecil, Culpeper, Dorchester, Frederick, Harford, Howard, Montgomery, Prince Georges, Prince William, Queen Anne, Somerset, Stafford, Sussex, Talbot, Washington, Wicomico, Worcester

Originally posted on Active Rain at http://activerain.com/blogsview/3131154/it-s-a-hot-spring-coldwell-banker-market-watch-april-2012

Homes For Sale in Murray Hill in Annapolis Maryland – March 2012

In Murray Hill, in downtown Annapolis Maryland, the back streets all end at Spa Creek, Monticello and Southgate Avenues to name two. In Murry Hill you can live the Annapolitan lifestyle in homes historic or modern, colonial or contemporary, ready for rehab or ready to move in. When you live in Murray Hill you’ll find yourself just a short distance from City Dock, nightlife, resturants, shopping, sailing and boating, the USNA and St. John’s College, and the many other great reasons why living in Murray Hill is so great.

Murray Hill has about 800 homes that date from around the turn of the century to “under construction”, so you’re just as likely to find a home build in the early 1900′s next to new construction. The average home in Murray Hill was built in the late 1950′s or early 1960′s when most of the construction was done. There are both waterfront and non-waterfront home in Murray Hill. There is public access to the water at the foot of many Murray Hill streets. Murray Hill in Annapolis Maryland is well located for commuting to Washington DC and Baltimore Maryland or to nearby Fort Meade, NSA, and other government contractors. BWI, the region’s airport is close by as well.

It may seem premature to prepare for the spring selling season but the reality is that warm weather this winter has buyers out early looking for bargins early. Right now really is the time to meet and discuss your real estate options if you’re thinking of putting your home on the market or planning to buy a home. The declining inventory of homes for sale could mean market conditions will favor sellers this spring more than buyers. Low interest rates, even on jumbo mortgages, means homes are more affordable than they been perhaps in our lifetimes.

The chart below tracks current real estate market trends for Annapolis Maryland in the 21401 zip code where Murray Hill homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There are 10 Murray Hill homes for sale for sale today. The average asking price is $995,240 and they have been on the market an average of 167 days. The minimum asking price for Murray Hill homes for sale is $375,000 and a maximum asking price of $2,350,000.

There are 6 Murray Hill homes under contract today. The average asking price is $473,167, and they have been on the market an average of 279 days. The minimum asking price for Murray Hill homes under contract is $350,000 and a maximum asking price of $699,000.

In the last 90 days there were 2 homes sold in Murray Hill in Annapolis Maryland. The average list price was $461,000 and they were on the market for an average of 10 days. The minimum list price for sold listings was $399,000 and a maximum list price of $523,000.

The average sold price for Murray Hill homes in Annapolis Maryland during the period was $449,500 for a 96.92% sold-to-list ratio off their original list price. The minimum sold price was $399,000 and a maximum sold price of $500,000. The average seller subsidy paid was $3,500 and a maximum of $7,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With less than 1 Murray Hill home in Annapolis selling each month, there is about a 10 month inventory of homes for sale in Murray Hill in Annapolis Maryland. When inventory is less than six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. Current conditions suggest that it is a “buyer’s market” in Annapolis Maryland Murray Hill District.

Don’t waste any more time, click here to find your ideal home in the Murray Hill area of Annapolis Maryland.

Map of Homes For Sale In Murray Hill In Annapolis Maryland

The Murray Hill Residents Association has additional information about the Murray Hill neigborhood that may be of interest to you if you’re thinking about purchasing a home in this area.

NOTICE: All data as of April 2, 2012. Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

Live the Lifestyle … Live in Annapolis

Information on Annapolis Maryland Luxury Homes and Waterfront Real Estate