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Crofton MD Real Estate Update

Daffodils on white backgroundDaffodils and Sold signs just seem to go together in Crofton, Maryland.  There were nearly double the number of closings in March 2012 (27) compared to March 2011 (14). 

New contracts were down over 36% with only 14 firm contracts vs. 22 in March 2012, but activity overall was good if we consider the 18 new contingent contracts.  In fact, one home sold non-contingent overnight, and I’m happy to say it was my listing on Eton Way in Old Crofton.

Now, let’s take a look at the five year history of real estate sales in Crofton for the month of March. 

4-16-2012 7-57-33 AM

After four months of new “sold” units equaling or outnumbering new listings, the new listings were up in March.  Hopefully that was just a bump in the road, because consistent reduction in inventory will help tip the balance in favor of “normal” rather than a buyer’s market.

If you have any questions about the real estate market in your specific neighborhood or home type (detached vs. townhomes), I’d be happy to answer them.  Just click on the contact tab at the top of this page.

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Posted by Margaret Woda | Discussion: Comments Off on Crofton MD Real Estate Update

Davidsonville real estate is alive and well again

March winds blew in a lot of “sold” signs to Davidsonville MD last month, after a dismal February that saw no new closings at all.

Davidsonville Market StudyFour properties went to closing during March, ranging from $395,000 to $740,000.

Fourteen properties went under contract during that same month, compared to five the previous month.  One of them has already closed, eight of them are firm contracts, and the remaining ones have a contingency. Listing prices for the homes that went under contract ranged from $375,000 – $1,290,000. Two of them were short sales.

Eleven new listings came on the market in March, and two of them are already under contract. For the first time in a while, new listings were outnumbered by new contracts – a very good thing, because it signals a slight decline in the inventory of Davidsonville homes.  The new lsitings were priced between $479,900 and $1,195,000.

Ashland ExteriorNEW LISTING IN DAVIDSONVILLE   SPACE & PRIVACY! My new listing in the Ashley community has it all! Nestled behind trees on a 5 acre lot, you’ll discover a spacious home loaded with upgrades and special features that will pamper you from Day 1. Granite counters, stainless steel appliances, stone fireplace, double staircase, fabulous master suite, main level library and powder room, walkout rec room and bath in the basement… the list goes on and on…  ($889,000)  MLS AA7808366

 

Posted by Margaret Woda | Discussion: Comments Off on Davidsonville real estate is alive and well again

Has spring arrived in local real estate?

Davidsonville, Gambrills, and Odenton, Maryland
February 2012 Real Estate Updates

Spring came early to the greater Crofton area, this year, and we’re loving the early blooming of daffodils and flowering trees. We just hope to see an early Spring for real estate, as well.

New pending sales and lower home inventory were great news in last week’s market update for Crofton, but what about adjacent communities?

Davidsonville Market StudyYear to date statistics for Davidsonville show an increase in average and median sold prices, but overall sales are down 58.5% from last year. There wasn’t a single closing in Davidsonville during February, so these statistics reflect only January sales.

There was some new real estate activity last month in Davidsonville, however, as 5 properties went under contract and 9 new listings went on the market.  I think it’s going to remain highly competitive for home sellers in the 21035 zipcode during the coming weeks and months.  Some GREAT opportunities for home buyers!

Gambrills Market Study HeaderSpring has arrived in the Gambrills real estate market! Daffodils weren’t the only things coming up in February:  Closed sales, median and average prices, average sold price vs original list price and the average list price for properties – up from last year (2011) and up from last month (January 2012). Average days on market went down, also, which is also good news. WOW! It’s a great time to be a home seller in Gambrills.

As to new business, 15 new listings went on the market in Feburary, but there were 19 sales pending – let’s hope this balance in favor of new sales over new listings continues for several months. The Gambrills real estate market is alive and well, but buyers better get in the game now while they can still find a great home and great deal.

Odenton Market Study HeaderReal estate sales in Odenton last month improved in every category from January 2012, just as they did in Gambrills, but they did NOT measure up to February 2011 in any category used to measure sold and settled properties.

However, the critical word “balance” is a good description of “year on year” numbers for new activity:  36 new listings vs. 39 sales pending.  This leads me to a prognosis for Odenton of cautiously optimistic about the real estate market in the coming weeks and months.

Davisonville Homes Gambrills Homes Odenton Homes

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Bowie Real Estate Market Mixed in January 2012

Bowie Zipcode mapWhenever someone asks about the real estate market in Bowie, I have to ask “What zipcode?”  That’s because Bowie covers such a large area that real estate statistics can differ widely from one zipcode to the next. 

In January, for example, the median home prices were up in 20720 from the previous year and down in 20715, 20716 and 20721.

The number of days on market – how long a property was on the market between the listing date and contract date – was up in 20715 and 20721 but down in 20716 and 20720, compared to January 2011.

Another way of looking at the market is to compare real estate statistics by month, rather than years:

Bowie 2.28.12 (20715)

Bowie 2.28.12 (20716)

 

 

Closings have gone down for the past three months in the 20715 zipcode of Bowie –  the area located north of Rt. 50 and west of Route 3.

Meanwhile, they have gone up for the past three months in the 20716 zipcode –  the area located south of Rt. 50 and west of Route 3.

 

 

Bowie 2.28.12 (20721)Bowie 2.28.12 (20720)

 

 

In the 20720 zipcode, the area located west of 20715, closings fell during January after remaining consistent for two previous months.

Closings improved during December in the 20721 zipcode from November, but there were literally no sales in the entire zipcode, located west of 20716, in January 2012.

 

You can see from these highlighted statistics that one answer does not fit all when someone asks, “How’s the Bowie real estate market?” In fact, there can be equally huge differences from one subdivision to the next or even between townhomes and detached homes. 

That’s why I encourage anyone with questions about the real estate market in Bowie, Maryland, to contact me for more information.  I’ll be happy to go over recent real estate statistics with you and help you make sense of them.

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Posted by Margaret Woda | Discussion: Comments Off on Bowie Real Estate Market Mixed in January 2012

Davidsonville Real Estate Market – January 2012

You will appreciate Davidsonville if you love horses… or just open space.  It’s a community with agricultural roots that maintains its rural character in spite of upscale development throughout the zip code. 
 
01_Main ExteriorIf you live anywhere in Anne Arundel County, you will probably have occasion to visit Homestead Gardens in Davidsonville; if not to purchase plants for your garden, at least to enjoy their magical holiday displays.

Davidsonville is located west of Annapolis, east of Bowie and south of Crofton.

Since most homes are situated on acreage, prices tend to run $500,000 – $2,000,000. However, there are a few communities with smaller less expensive homes and a few homes on more acreage that are priced higher. If you’re looking for property to keep a horse, Davidsonville is a place you should look.*

If you’re thinking of selling a Davidsonville home, you might be interested in what happened in local real estate last month.

There were four closed sales in Davidsonville during January 2012.  Each was a lovely upscale home in a very nice neighborhood:

Numbers following the addresses represent original list price / list price at the time of contract / closed price (days on market).  Following is a summary of real estate statistics released 2/11/12 by RBIntel, based on MRIS data.

Davidsonville - 1.12

* Information about Davidsonville from MargaretWoda.com.  Real estate statistics from MRIS.com and RBIntel.com

Copyright 2012.  All rights reserved.

  DISCLAIMER: Information contained in this post is deemed reliable on the date of publication,
but it is not guaranteed and it is subject to change without notice.
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Margaret WodaMargaret Woda, REALTOR and Associate Broker
Direct:  (301)346-2923 or click on EMAIL

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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 451–6245

Posted by Margaret Woda | Discussion: Comments Off on Davidsonville Real Estate Market – January 2012

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