Luxury Waterview Foreclosure in Annapolis Maryland

Last week, while showing homes to a client, I came across an amazing opportunity for someone who is ready to act quickly.

This custom-built luxury home, in the sought-after community of The Downs in Annapolis, offers spectacular water views from many rooms.  It’s a bank-owned property that was just listed with a new agent at the greatly reduced price of $774,900.

At one time, this home was listed for $2,499,000.  The current tax assessment is $1,288,400.  It seems that the bank is ready to get it off their balance sheet.

Are you ready to move fast for the right deal on a high-end home?  Or do you know someone who is?  If so, please call me today!  This one will go quickly.

Here’s a link to this Luxury Foreclosure Annapolis Maryland Waterview Home

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

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

For information on schools, I often refer people to professionals in education, and Internet resources such as the Anne Arundel County Public Schools web site, and other sites on my Recommended Links page.

Did you hear that Education Week just ranked Maryland’s public schools best in the nation?

That’s good news for Maryland homeowners and home buyers.

Here’s a link to the article “Equipping U.S. Schools for the Global Fast Lane”

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

If your plans for this year involve making a move, with either your primary residence or investment real estate, please let me know.  I’ll be happy to help in any way that I can.  Please don’t hesitate to call for a confidential, personal consultation.

In addition to helping people make local moves, I just helped family members of a good friend find an excellent agent in another state, and I’d be happy to help your friends or family as well.

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

And check out this video that the team watched the night before the game Friday Night Motivational – Army 2011

Words of wisdom for all of us:  “It is essential to understand that battles are primarily won in the hearts of men.  Well, men, let me see your hearts!  Victory is waiting for you!”

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

What do you love about your home?

I love the fireplace (especially this time of year!), the hilltop setting on a corner (till the city starts making me maintain the sidewalks), and the friendly neighborhood!

How about you?

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

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

Local web sites in and around Annapolis, Maryland

All military veterans, thank you for your service!  And thank you to those who support our service members.  We appreciate your efforts and your sacrifices, as you work to keep our nation strong and safe.

It’s a special day for Annapolis, home of the United States Naval Academy, and Anne Arundel County, where many serve in the Department of Homeland Security.

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