Archive for the 'Market Statistics' Category
Annapolis and Anne Arundel County Real Estate Market Statistics March 2012
April 13th, 2012
Categories: Home Buying, Home Selling, Market Statistics
We’ve got a Spring inventory shortage, buyers are shopping, and sellers are needed!
I’ve been talking about how our office has been hopping, and the most recent market statistics confirm it.
Last month, 430 sales closed, more than the previous March by 9%. Listings are down 20%, to 2,650, as compared to 3,295 a year ago.
Here are more numbers on home sales, for March 2012 vs. March 2011 for Anne Arundel County:
- Average Discount Off Original Price: 10%
- Average Days on the Market: 134 (up 3.88%)
- Number of Homes for Sale: 2,650 (down 19.58%)
- Total Sales: $141,521,775 (down 2.09%)
- Average Sold Price: $329,120 (down 10.29%)
- Real Buyers (Home Sold): 430 (up 9.14%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)
We have moved from a strong buyers market into a balanced market, with approximately 6 months of inventory.
Considering a move? Don’t hesitate to call any time, for a confidential chat.
I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Statistics December 2011
January 14th, 2012
Categories: Home Buying, Home Selling, Investing, Market Statistics
Here are the latest numbers on home sales, for December 2011 vs December 2010 for Anne Arundel County:
Average Discount Off Original Price: 11%
Average Days on the Market: 141 (up 17.5%)
Number of Homes for Sale: 2,688 (down 14.64%)
Total Sales: $132,697,257 (up 1.67%)
Average Sold Price: $345,566 (down 1.51%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)
While the sales numbers are not quite as rosy as November’s, the lower inventory provides some upward pressure on prices, along with the continued extremely low interest rates.
A statistic was just published about people in higher-end homes. As you may know, I have been saying for the past year that it is a good time to sell a modest-priced home and buy a higher-priced home. That’s because modest price ranges have gone down some, but the high end has dropped a lot more.
It was just published that the largest increase in mortgage defaults and foreclosures is in the Jumbo mortgages.
These distressed properties soften home prices even more because they increase the supply of houses on the market that are sold at a discount. That’s exciting for people who have wanted to buy up and haven’t been able to afford the house of their dreams.
Are you thinking of doing something with a higher-end home? Or do you know someone who is?
If your answer is yes, let’s talk.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
Local web sites in and around Annapolis, Maryland
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Anne Arundel County Real Estate Market Update December 2011
December 12th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
Here are the latest numbers on home sales, for November 2011 vs November 2010 for Anne Arundel County:
Average Discount Off Original Price: 9.62%
Average Days on the Market: 123 (up 4.24%)
Number of Homes for Sale: 2,941 (down 11.68%)
Total Sales: $125,812,587 (up 5.92%)
Average Sold Price: $349,479 (up 8.57%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
The numbers show signs of market strength as compared to last year, with lower inventory, higher sales volume, and higher average sold price. With those positives, most sellers don’t mind the higher average time on market!
The trend continues of many people choosing to stay in their current homes, and making home improvements while the contractors are less busy. (Let me know if you need a referral to a good contractor. I know lots of them, and they appreciate the referrals, too.)
Others are finding it’s a great time to take advantage of the opportunity to negotiate a good purchase on a new home. Of course, it’s not as easy to sell. Good staging and marketing make all the difference.
To beat the averages, get good advice as you plan your next move.
Would you like to know what is happening in your neighborhood? Just ask.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Update November 2011
November 11th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
Here are the latest numbers on home sales, for October 2011 vs October 2010 for Anne Arundel County:
Average Discount Off Original Price: 8.67%
Average Days on the Market: 123 (up 6.96%)
Number of Homes for Sale: 3,261 (down 9.44%)
Total Sales: $119,453,226 (down 8.77%)
Average Sold Price: $323,721 (down 9.51%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
To beat the averages, get good advice as you plan your next move.
Would you like to know what is happening in your neighborhood? Just ask.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Update September 2011
September 12th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
To the surprise of many, and despite earthquakes, hurricanes and floods, Anne Arundel County homebuyers and sellers went about their business consistent with seasonal expectations in August. Here are the latest numbers, comparing this August to last August:
Average Discount Off Original Price: 9.9%
Average Days on the Market: 115 (up 16.16%)
Number of Homes for Sale: 3,520 (down 7.32%)
Total Closed Sales: 445 (down 0.22%)
Average Sold Price: $349,735 (down 4.81%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
In addition to higher days on market, and a lower average sold price, another pattern is emerging. In August, 222 contingent contracts were made, versus only 86 last August, an increase of 158%. While we are seeing more contracts made, as buyers and sellers work together, greater numbers of contracts are falling through due to the other properties not selling.
Here’s an opportunity. Are you frustrated by the stock market, and thinking of moving some money? As you know, real estate prices are down, and sellers are eager for non-contingent cash buyers. With the numbers of contracts falling through due to financing troubles and buyers who need to sell other homes, you can be in a very strong negotiating position if you arrange to buy with cash.
Would you like the numbers for a particular neighborhood, or price bracket? Let me know, and I will get them for you.
On another note, here’s a brand new listing this week. It’s a nice property, and a reminder that you can ask whatever you want…
As you know, I’ll be happy to help you with this home, or any other real estate move, so don’t hesitate to get in touch any time!
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
Local web sites in and around Annapolis, Maryland
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Anne Arundel County Real Estate Market Statistics June 2011
July 19th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
Here are the latest numbers on home sales, for June 2011 vs June 2010 for Anne Arundel County:
Average Discount Off Original Price: 8.51%
Average Days on the Market: 112 (up 6.67%)
Number of Homes for Sale: 3,691 (down 6.03%)
Total Sales: $183,887,713 (down 18.23%)
Average Sold Price: $341,165 (down 9.13%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
To beat the averages, get good advice as you plan your next move.
Would you like to know what is happening in your neighborhood? Just ask.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Statistics May 2011
June 15th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
The real estate roller coaster continues.
Sales in the Annapolis and Anne Arundel County real estate market, compared to last year, have not been as strong for the last couple of months. Here are stats for May 2011 vs May 2010 for Anne Arundel County.
Average Discount Off Original Price: 9.5%
Average Days on the Market: 109 (up 0.93%)
Number of Homes for Sale: 3,659 (down 2.03%)
Total Sales: $149,966,509 (down 16.29%)
Average Sold Price: $333,259 (down 1.78%)
Real Buyers (Homes Sold): 450 (down 14.77%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
The continuing buyers’ market means it is more important than ever to get good advice as you plan your next move.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy the home of your dreams.
Wouldn’t you like to save time and money on your move? Put our proven systems to work for you today.
Don’t you have a friend who wants to move? Please introduce us, so I can help them.
Do you know someone who needs to move, who owes more than their property is worth in today’s market? We are having a special seminar to help people understand their options, on Saturday, July 9th. Please let me know if you, or someone you know, would like to attend. And feel free to share this info with them.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Spring Surge Softens in Annapolis and Anne Arundel County – Market Statistics April 2011
May 13th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
The Spring surge softens! After a couple of months of increased sales in the Annapolis and Anne Arundel County real estate market, this past month was not as strong. Here are stats for Apr 2011 vs Apr 2010 for Anne Arundel County.
Average Discount Off Original Price: 10.7%
Average Days on the Market: 130 (up 5.69%)
Number of Homes for Sale: 3,547 (down 1.39%)
Total Sales: $155,394,469 (down 9.76%)
Average Sold Price: $340,032 (up 2.09%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)
The continuing buyers’ market means it is more important than ever to get good advice as you plan your next move.
If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help. Call for a free, no-obligation consultation. Get the information you need to help you enjoy the home of your dreams.
Wouldn’t you like to save time and money on your move? Put our proven systems to work for you today.
Don’t you have a friend who wants to move? Please introduce us, so I can help them.
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Statistics March 2011
April 11th, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
“LET’S MOVE!” Average Sales Price Leaps 10%!
Spring sales soar! Here are stats for Mar 2011 vs Mar 2010 for Anne Arundel County…
Average Discount Off Original Price: 9.7%
Average Days on the Market: 129 (down 0.77%)
Number of Homes for Sale: 3,295 (down 1.93%)
Total Sales: $144,542,001 (up 5.52%)
Average Sold Price: $366,858 (up 10.07%)
Real Buyers (Homes Sold): 394 (down 4.14%)
Wouldn’t you like to save time and money on your move? Put our proven systems to work for you today.
Don’t you have a friend who wants to move? Please introduce us, so I can help them.
P.S. A new listing is on the way – a great house on Central Avenue in Edgewater with a huge garage and workshop on a big level lot – a third of an acre! It will be just $299,000. If you know someone who would like a home like that, please call me, and I’ll get them in early!
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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Anne Arundel County Real Estate Market Statistics February 2011
March 21st, 2011
Categories: Home Buying, Home Selling, Investing, Market Statistics
“LET’S MOVE!” HOME SALES KEEP JUMPING +21.22%
This year is starting off well, a lot better than last year.
We’ve waited long enough for this, haven’t we?
Here are stats for Feb 2011 vs Feb 2010 for Anne Arundel County…
Average Discount Off Asking Price: 9.9%
Average Days on the Market: 127 (down 1.55%)
Number of Homes for Sale: 3,150 (up 1.09%)
Total Sales: $109,834,609 (up 21.22%)
Average Sold Price: $345,392 (up 1.02%)
Real Buyers (Homes Sold): 318 (up 20.00%)
Wouldn’t you like to save time and money on your move?
Put our proven systems to work for you today.
Don’t you have a friend who wants to move? Please introduce us, so I can help them.
We had a really fun Client Appreciation Party last weekend on the water at Yellowfin. How lovely to enjoy the water view as Spring unfolds in Annapolis, celebrating friendships and successful real estate transactions!
P.S. Now I’m a Certified Luxury Home Marketing Specialist (CLHMS)!
Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Select Realtors Annapolis, Annapolis Real Estate, Anne Arundel County, Maryland, 410-268-0160 or 410-972-4000 x4032
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