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SOLD! 670 W Central Avenue, Davidsonville, MD 21035 – Beautiful Land with Home in Sought-After Location

670 W Central Avenue, Davidsonville, MD 21035 is a great find – nearly ten acres in sought-after Davidsonville, with a custom home just built in 2004. This level, wooded lot with a stream offers great potential for horses, stables, livestock, farming, nursery, kennel, and more.

If you know someone who would love to have their very own horse property, room for their animals, or a place to store all of their toys, cars, boats, etc., please let them know about this rare opportunity. Most properties with this amount of land in Davidsonville sell for far higher prices.

Click here for further details.

P.S.  Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Written by Carlyn Lowery | Discussion: No Comments »

Anne Arundel Real Estate Market Statistics – October 2008

The National Association of REALTORS reported in late September that recent sales for existing homes declined slightly, to an estimated annual volume of 4.91 million units for 2008. Recent tightening in mortgage lending has created challenges for some of today’s home buyers. According to Freddie Mac, the thirty year fixed rate mortgage hovered around 6.5 percent during the month of August, up slightly from the month before.

Officials are hoping that recent actions taken by the Federal government will create stability in the housing market. Lawrence Yun, chief economist for the National Association of REALTORS, says, “With higher loan limits and a beefing up of the FHA program, all the mechanisms have been falling into place to increase mortgage availability.”

Average (Mean) Sales Price of Existing Homes by Region

Date

U.S.

Northeast

Midwest

South

West

2006

268,200

299,700

205,300

230,000

371,300

2007

266,000

307,100

200,500

225,600

365,900

05/08

252,600

309,100

190,700

219,000

326,700

06/08

257,900

298,700

201,900

230,500

328,500

07/08

253,300

307,100

196,900

221,100

322,400

08/08

245,400

300,600

196,400

220,400

294,500

Statistics from the National Association of REALTORS®

Anne Arundel County figures for September 2008 are shown below.

2008 2007 % Change
Total Sold Dollar Volume: $ 156,630,704 $ 199,884,468 – 21.64 %
Average Sold Price: $ 403,687 $ 441,246 – 8.51 %
Median Sold Price: $ 320,000 $ 345,000 – 7.25 %
Total Units Sold: 388 453 – 14.35 %
Average Days on Market: 136 114 19.30 %
Average List Price for Solds: $ 466,403 $ 480,279 – 2.89 %
Avg Sale Price as a
percentage of Avg List Price:
86.55 % 91.87 %
Total Number of NEW listings
taken for the month: 887
Total Number of Properties
marked Contract for the month: 326
Total Number of Properties
marked Contingent for the month: 106
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 432

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2008 – Information deemed reliable, but is not guaranteed.

P.S.  Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Written by Carlyn Lowery | Discussion: No Comments »

The Tao of Annapolis Real Estate

When will the local real estate market hit bottom and values resume their upward climb?  What will be the impact of the federal bailout?  Whose opinion should you listen to?  Said Lao Tzu, “Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.”

While we may not know when the market will turn, we do know that today offers tremendous buying opportunities – low interest rates, lots of inventory, and motivated sellers.  And we live in a great place to own real estate, near our nation’s capital, paradise by the Chesapeake Bay.

If your long-term financial plan includes acquiring more real estate, observe the yin and yang – the dark chaos is accompanied by tremendous opportunity.  Are you focused on the gloom or present to the opportunity?

Don’t miss the moment.

Some of our clients are now negotiating great deals to acquire properties with 100% owner financing and with lease-options, some are leverage existing assets to create down payments and getting great rates with bank financing.  And many are waiting.

“When the highest type of men hear Tao,
They diligently practice it.
When the average type of men hear Tao,
They half believe in it.
When the lowest type of men hear Tao,
They laugh heartily at it.
Without the laugh, there is no Tao.”

- Lao-tzu, The Way of Lao-tzu

P.S.  Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Written by Carlyn Lowery | Discussion: No Comments »

SOLD! 2009 Bell Point Court, Odenton, Maryland 21113- A Beautiful Home with a Perfect Price

2009 Bell Point Court, Odenton, Maryland 21113 is a beautiful home with a perfect price.  Just listed, and a great buy particularly for a first-time homebuyer or investor.  It’s always a good time to buy a good piece of real estate, so if you know someone who is renting and would like to own their own home, or an investor who would like to expand their portfolio, please let them know about this opportunity.

Click here for further details.

P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Written by Carlyn Lowery | Discussion: No Comments »

How On Earth Can I Sell My House in Maryland Today?

With the national and global financial markets in chaos, and consumer uncertainty at a record-high level, lots of people are wondering how they can make the move they want to make, especially if they have a house to sell.  Such times call for creativity – for making deals and designing transactions to meet the needs of the people involved, taking into consideration their positions and their objectives, rather than requiring people to fit into standard molds.  This can be tricky to do when people are under pressure; it takes patience, flexibility, and a skilled team.

For a creative real estate deal that we recently structured, we were featured in the September 2008 issue of What’s Up? Annapolis. Click here to read the article.

As I mentioned last month, now is the time to find motivated sellers and acquire properties at great prices with excellent financing, and to structure deals that work for everyone.

We are increasing our services to investors, so if you want to buy more rental property in Maryland, and you want to work with someone who understands your vision, let us know.  And of course, if you know someone who needs to sell today, please call us right away.

We’re building a new web site at http://www.IntentionalInvestor.com

Check it out and let us know your thoughts and suggestions.

P.S.  Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Written by Carlyn Lowery | Discussion: No Comments »

Intentional Investors Buying Maryland Real Estate

How’s the real estate market? Everyone is asking me these days. Recent headlines in The Capital, our local Annapolis newspaper, include:

  • County home sales drop 31 percent in July
  • Shaky economy hits schools, kids
  • Restaurants closing reflects disturbing trend (about the closing of our much–loved locally-owned Northwoods Restaurant)
  • State unemployment rate creeps upward
  • Rumor has it that some of the new upscale chain restaurants in Park Place near Murray Hill may be closing. What will happen with Morton’s and Fado? Today’s Wall Street Journal reports:

  • Financial Unease Trips Up Stocks
  • Housing Downturn Hits Home Depot
  • Fannie, Freddie Are Pounded
  • Things are looking pretty bleak, one might say. Of course, it all depends on your perspective.

    Here are some other facts from our local multiple listing service:

  • Of the 38 single-family homes sold in Annapolis in the last thirty days, the net price when sold averaged 87% of the original list price.
  • A lovely property is listed in Murray Hill now for over $100,000 below the last sale on the street in 2006.
  • For those who are intentional about building wealth through real estate investing, this market is outstanding. Remember “Buy Low, Sell High”? Now is the time to find motivated sellers and acquire properties at great prices with excellent financing.

    We are increasing our services to investors, so if you want to buy more rental property in Maryland, and you want to work with someone who understands your vision, let us know.

    We’re building a new web site at http://www.IntentionalInvestor.com

    Check it out and let us know your thoughts and suggestions.
    P.S.  Call me today for all your Annapolis real estate needs.
    Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

    Written by Carlyn Lowery | Discussion: No Comments »

    How Much Is My Maryland Real Estate Worth?

    Wondering how much your Maryland home is worth?

    Find out… FREE!

    FREE Automated e-mail information on the market value of your home in today’s

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    growing real estate market without having to talk to an agent!

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    including addresses, selling prices, and photos.

    A cutting edge Internet system that emails directly to you!

    It’s FREE, simple, and dependable.

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    http://www.AnnapolisHomeValues.com

    Written by Carlyn Lowery | Discussion: No Comments »

    Anne Arundel County Maryland Real Estate Market Statistics – August 2008

    The National Association of REALTORS® (NAR) reported a decrease in the rate of existing home sales through the month of June, which fell 2.6 percent. NAR’s revised home sales forecast now stands at 4.86 million units for 2008.

    Despite the decrease, REALTORS® are reporting activity in all regions across the country. NAR president Richard F. Gaylord explains, “Timing the market can be very tricky, which is why home buyers should always have a long-term view to build wealth.”

    Average (Mean) Sales Price of Existing Homes by Region

    Date

    U.S.

    Northeast

    Midwest

    South

    West

    2006

    268,200

    299,700

    205,300

    230,000

    371,300

    2007

    266,000

    307,100

    200,500

    225,600

    365,900

    01/08

    245,500

    298,400

    178,800

    206,500

    335,600

    02/08

    242,000

    292,700

    175,100

    204,600

    333,100

    03/08

    247,100

    310,800

    183,200

    209,600

    325,200

    04/08

    247,200

    294,400

    188,500

    212,900

    327,000

    05/08

    252,600

    309,100

    190,700

    219,000

    326,700

    06/08

    257,500

    292,600

    204,200

    229,900

    330,500

    Statistics from the National Association of REALTORS®

    To stimulate market activity, the Federal Housing Administration has increased loan limit guarantees for 2008. FHA programs are available with a modest 3 percent down payment, and allow borrowers more buying options when purchasing a home. The national median existing home price was reported at $215,100 in June, down from a year ago when the median price was $229,000 for all housing types.

    Anne Arundel County figures for July 2008 are shown below.

    2008 2007 % Change
    Total Sold Dollar Volume: $ 163,200,495 $ 247,874,259 - 34.16 %
    Average Sold Price: $ 397,081 $ 428,848 - 7.41 %
    Median Sold Price: $ 332,900 $ 362,403 - 8.14 %
    Total Units Sold: 411 578 - 28.89 %
    Average Days on Market: 121 92 31.52 %
    Average List Price for Solds: $ 437,012 $ 459,905 - 4.98 %
    Avg Sale Price as a percentage of Avg List Price: 90.86 % 93.25 %

    Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
    Copyright 2008 – Information deemed reliable, but is not guaranteed.

    P.S.  Call me today for all your Annapolis real estate needs.
    Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

    Written by Carlyn Lowery | Discussion: No Comments »

    How to Find The Best Contractors and Service Providers in and Around Annapolis Maryland

    As you may guess, my team and I receive many requests from friends and associates for referrals to professional trades and services in Annapolis and Anne Arundel County – everything from painters to attorneys.

    Because we receive such a large number of requests, and because we operate our own business by referral, we have decided to commit some of our time and resources to compiling a Referral Directory that lists the finest individuals and companies serving our community.

    With this in mind, we want your input! Chances are you know contractors, home repair persons, CPAs, doctors, attorneys, window cleaners, auto mechanics, etc. whose services have been exceptional and extremely valuable to you and your family. Speaking of people who do an excellent job, perhaps you provide a service you would like us to include in this Directory, which will be distributed to all our clients, friends and associates.

    In any case, we will be mailing a questionnaire to the people who are in our Client Appreciation Program. When it arrives, please complete it and return it to us. Or, if you prefer, email us with your recommendations, as well as the referrals you will be needing in the next twelve months. If you are not in our Client Appreciation Program, and would like to be, please let us know! This is a great program where we keep in touch about real estate, send out regular mailings, and have fun events.

    This Directory will list the most reliable and professional people we can find. We look forward to your input and plan to publish the Referral Directory within the next three or four months. We know it will be of great value to you and all our friends and clients.

    Once again, we thank you for your business in the past, present, and future, and we look forward to providing you and the people you refer to us with the highest quality of service in the purchase, rental, or sale of real estate.

    P.S. Call me today for all your Annapolis real estate needs.
    Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

    Written by Carlyn Lowery | Discussion: No Comments »

    Anne Arundel County Maryland Real Estate Market Statistics – July 2008

    The national median home price was reported at $208,600 in May. According to NAR President Richard Gaylord, “Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages,” he said. “Today’s buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth.”

    Average (Mean) Sales Price of Existing Homes by Region

    Date 

    U.S.

    Northeast

    Midwest

    South

    West

    2006

    268,200

    299,700

    205,300

    230,000

    371,300

    2007

    266,000

    307,100

    200,500

    225,600

    365,900

               

    01/08

    245,500

    298,400

    178,800

    206,500

    335,600

    02/08

    242,000

    292,700

    175,100

    204,600

    333,100

    03/08

    247,100

    310,800

    183,200

    209,600

    325,200

    04/08

    247,200

    294,400

    188,500

    212,900

    327,000

    05/08

    253,100

    309,300

    192,900

    219,000

    327,200

    Statistics from the National Association of REALTORS®

    Freddie Mac reported the national average 30-year, conventional, fixed-rate mortgage rose to 6.04 percent in May, up from 5.92 percent in April. Despite the recent increase, overall mortgage rates are down from 6.27 percent, available May 2007.

    Existing home inventory is reported at 4.49 million units. According to Lawrence Yun, chief NAR economist, “The large supply of homes on the market clearly favors buyers, and it should take several months to draw the inventory down. Stabilization in home prices can only occur with buyers returning to the market, so we are encouraged by rising home sales, particularly in distressed markets.”

    A number of areas nationally are experiencing increased activity over May 2007, including Sacramento, the San Fernando Valley and Monterey County in California; Sarasota, Florida, and Battle Creek, Michigan.

    Anne Arundel County figures for June 2008 are shown below.

        2008   2007   % Change
    Total Sold Dollar Volume: $ 203,991,516 $ 299,060,159 - 31.79 %
    Average Sold Price: $ 427,655 $ 442,397 - 3.33 %
    Median Sold Price: $ 339,000 $ 359,900 - 5.81 %
    Total Units Sold: 477 676 - 29.44 %
    Average Days on Market: 125 97 28.87 %
    Average List Price for Solds: $ 472,746 $ 468,347 0.94 %
    Avg Sale Price as a percentage of Avg List Price: 90.46 % 94.46 %
    Total Number of NEW listings
    taken for the month: 993
    Total Number of Properties   
    marked Contract for the month: 310
    Total Number of Properties   
    marked Contingent for the month: 142
    Total Number of NEW pendings        
    (CONTRACTS + CONTINGENTS): 452

    Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
    Copyright 2008 – Information deemed reliable, but is not guaranteed.

    P.S. Call me today for all your Annapolis real estate needs.
    Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

    Written by Carlyn Lowery | Discussion: No Comments »