January 17, 2010 at 5:46 am
· Filed under Maryland Real Estate, Real Estate Topics ·Tagged Baltimore County, Bel Air, Carroll County, Harford County, Joppa, Maryland, Perry Hall, Real Estate, tax credit, Whitemarsh
Maryland real estate selling! But what do the stats tell us?
Compared to December of 08, Baltimore City shows more new listings came on the market, while Baltimore, Carroll and Harford Counties showed a slight decrease in new listings.
Pending sales, those under contract and waiting to go to closing are up anywhere from 9% to 39% in the city and counties above.
Closed sales were up in Baltimore City by over 20%, while Baltimore County showed a decrease of about 3%, Carroll County slightly up by 1.1% and Harford County was down by 1.8%.
Average days on the market decreased anywhere up to 12% except Harford County where the average days on the market decreased by over 30%.
Price? We’re still doing well compared to many other areas of the country. The city and counties mentioned above averaged a decrease in the median price of 5%-10% compared to December of 08. With other areas showing decreases as high as 50% – 60%, I think you would agree we’re holding our own pretty well.
After visiting Florida, and seeing entire developments where buyers and developers have just walked away leaving a ghost town, living in Maryland I think I can live with the decreases we are experiencing here.
Is the tax credit helping the housing situation? Well, we are seeing first time buyers taking advantage. Homes that are in good condition and priced reasonably, along with the seller willing to help with closing cost are selling. These buyers are looking for homes that are solid, not necessarily fancy. They are very price conscious. They also have a good inventory to pick from. If the home has had updates like the bath and kitchen, roof and all major components not necessarily new, but fairly recent and in good working order, that’s the home they are looking for.
Want to see the details? Follow this link! http://www.ltrealty.com/statspage1.htm
Have a question? Please ask it!
What can I do for you today?
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January 17, 2010 at 5:19 am
· Filed under General, Maryland Happenings! ·Tagged Baltimore County, Bel Air, Carroll County, Harford County, Maryland, Perry Hall, Whitemarsh
Help for Haiti! Please donate $10.00 by Texting ‘Haiti’ to 90999! You’ve seen it on your TV. Your $10 dontation will show up on your mobile phone bill. You cannot watch TV and not see the horrible conditions for everyone there. Do you have a roof over your head? Did you have dinner this evening? These folks have nothing, and so many lives have already been lost. So, pick up your phone and text Haiti to 90999 , and then say a prayer for those suffering and those that have gone there to help.
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December 12, 2009 at 4:19 pm
· Filed under Maryland Real Estate, Real Estate Topics ·Tagged Baltimore County, Bel Air, Carroll County, Harford County, homes sold, Joppa, Maryland, Perry Hall, Real Estate, Whitemarsh
Over 79% increase in closed sales? Kidding? No Really! Yep, that is what is being reported by MRIS (Metropolitan Regional Information System) for Baltimore County Maryland! Closed sales for November 09 compared to November 08 a whopping 79.5% increase! AND with only a 3.5% loss in the median value!
For the same time period, Carroll County Maryland showed over a 64% increase while only losing 0.4% in their median price, and Harford County Maryland showed an increase in sales of 78.8% while showing a loss in median value of only 2.6%!
These numbers are fantastic compared to others around the country!
Obviously, sales and prices vary by neighborhood. If you need information on a particular neighborhood, contact me at leah@ltrealty.com and I’ll be happy to assit you!
If you like statistics and/or details and want more information follow this link!
http://www.ltrealty.com/statspage1.htm
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December 5, 2009 at 9:52 pm
· Filed under General, Maryland Happenings! ·Tagged Christmas, Harford County, Holidays, Perry Hall, Pictures, Whitemarsh
Christmas and Christmas pictures…Oh No! Do you hear this from you kids and family every year when you try to take pictures of everyone in front of the tree? Go ahead and plan your traditional picture, after all, if you’ve been taking the same shot for 20 years, it can be fun to see them side by side. Try putting them in a frame, or some way to display them so everyone can see why you want that same picture every year. They may complain, but hey, just like every other year, they’ll do it. But then, do something different.
Let somebody else take some pictures. Let the kids (young or old) pose everybody! One of the best pictures I have of my daughters with my grandson, the girls stood in line for their “yearly picture” and then they held my grandson across the front of them length wise, so he’s lying down! They were all laughing so hard, it’s a great shot! Get some great close ups and be sure you don’t have the tree in the background sticking out from someone’s head or out of their ear!
Before everyone arrives, make sure you picked a place with proper light to take your shots!
Next year you will probably still hear the same “Oh No…” but they will probably have some new ideas of their own!
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November 11, 2009 at 2:28 am
· Filed under Maryland Real Estate, Real Estate Topics ·Tagged Baltimore County, Bel Air, Harford County, home buyers, homes sold, Joppa, Maryland, Perry Hall, Real Estate, tax credit, Whitemarsh
Sales Stats for October in Maryland are in and they look pretty decent.
If you don’t think the first time home buyer’s tax credit along with excellent interest rates has had an impact on the number of homes available for sale, we may have to think again! While not every first time buyer buys a townhome, it’s a good judge of the impact. Take a look at the numbers and judge for yourself.
In all three counties, Baltimore, Carroll and Harford, the inventory of townhomes available has dropped over 15% compared to October of last year.
Single family home inventory has dropped between 13-23% over the three counties as well.
The medium sales price in all three counties did drop from about 7.5 – 10% compared to last year’s data, but considering there are parts of the country where there is anywhere from 20-50%+ drop in prices, we’re doing pretty well! Also, keep in mind we went through over 4 years of double digit increases per month as high as 24% per month in prices prior to this.
This is important to all homeowners and their property values. As inventory begins to dwindle, prices will steady.
If you’d like to look at the details by county, follow this link! http://www.ltrealty.com/statspage.htm
Every neighborhood is different. These figures are just to give you a feel for the market by county.
Please remember, if you need a Pin Point Price Analysis of your current home, or you know of a friend or family member that does, please call me directly on my cell at 410-262-3674, so I can be of assistance.
What do you think?
Have a great day, and hope to speak with you soon!
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November 6, 2009 at 2:01 am
· Filed under Maryland Real Estate, Real Estate Topics ·Tagged Baltimore County, Carroll County, Harford County, home buyers, homes sold, Joppa, Maryland, Perry Hall, Real Estate, tax credit, Whitemarsh
The $8,000 tax credit for first time buyers extended and explanded to include those that sold or are selling a home that has been their primary residence for 5 of the past 8 years, could qualifiy for a $6,500 home buyer tax credit on the home they purchase!
Click on the link below for all the details, as well as some questions and answers!
Hopefully, it will be signed and put into law on Friday.
http://tinyurl.com/yhu5wdz
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November 5, 2009 at 12:37 pm
· Filed under General ·Tagged home buyers, Maryland, Real Estate, tax credit
The tax credit for first time homebuyers looks like it’s going to happen! It finally got approved in the Senate extending the credit untill April 2010 with additional provisions raising the income limit and to include some current homeowners. Details to follow!
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October 29, 2009 at 4:39 pm
· Filed under General ·Tagged home buyers, Maryland, Real Estate, tax credit
From the NAR Political Action Committee:
HUD reports Administration Calls on Congress to Approve Key Housing Measures click here for details:
http://bit.ly/1HOrqZ
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October 28, 2009 at 3:50 pm
· Filed under General ·Tagged home buyers, Maryland, Real Estate, tax credit
Per NAR’s REALTOR Action Committee: The vote is expected today on the $8,000 tax credit. The Sentate is still negotiating the terms and how to proceed
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September 19, 2009 at 2:58 pm
· Filed under Maryland Happenings!, Maryland Real Estate ·Tagged Aberdeen, Baltimore County, Bel Air, Harford County, Joppa, Maryland, Whitemarsh
BRAC brings money to Joppatowne High School, not just the general area! Joppatowne High School just received a $143,000 grant for the expansion of the homeland security and emergency preparedness program at the school. The school’s magnet program prepares students in science and technology fields and should help the county meet job demands related to BRAC, the nationwide military base expansion that will bring as many as 10,000 jobs to Aberdeen Proving Ground.
As many are asking what benefits the area will see to justify the expenses of major road improvements and such are costing the State of Maryland and Harford County, this is just an example. I believe as many others that the housing and job markets are also seeing and will continue to see improvement in the area.
See the details as reported by the Baltimore Sun at : http://tinyurl.com/m4s5wk
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