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Crofton MD Home Prices Coming Back

Median and Average Sale Price UP in Crofton

Crofton Postcard Market SnapshotThe AVERAGE home sale price in the 21114 zip code last month (December 2012) was $345,274.  This is the highest we’ve seen in any December since 2006, when it was $363,155.  The low point was December 2009, when the average sale price in Crofton was $308,638.

The MEDIAN home sale price was $330,000, the same as December 2006, and 26% higher than December 2011. 

Both of these numbers are good news for Crofton homeowners, who wondered how long it might take for home values to get back to 2005–2006 levels.

The average “days on market” totaled 62 days for sales closed in December.  This was down 11% from the previous month and a whopping 53% from December 2011. More good news for Crofton home owners!

On the flip side:  It’s not unusual for home sales to fall between November and December, and this year the drop was nearly 41%.  I’m actually more concerned about the 22.73% drop from December 2011… but I don’t think it’s any reason to panic, given the strong prices and relatively few days on market.

View all Crofton homes currently for sale

All real estate is local, of course, and that means that statistics for your immediate neighborhood may or may not have seen these same directions in December 2012. Why don’t you contact me for an update on the real estate market in your neighborhood or for your home type (detached or townhouse) throughout Crofton.

Copyright 2013.  All rights reserved.

 

 

 

Posted by Margaret Woda | | Discussion: No Comments »

Winter Gardening for Crofton Home Owners

Some Crofton residents tell me their green thumb is itching to do some gardening, and next weekend offers some great opportunities to exercise that thumb without spending time in the cold.

House finch (Carpodacus mexicanus )January 19 and 20 is Birding Weekend at nearby Homestead Gardens’ two locations, in Davidsonville and Severna Park.

Don’t have any kids to build or paint a birdhouse?  No worries, bring the grandkids.  Or skip the birdhouse activities and attend the sessions on Wintering Raptors or Gardening for Wildlife.

There will be other winter workshops weekly throughout the coming months. Visit Homestead Gardens website for more information.

Posted by Margaret Woda | | Discussion: No Comments »

Crofton Library Special Events in January 2013

Fun Things to do in Crofton

Crofton Library is arguably the heart of the community.  In fact, it serves as the community center we don’t yet have, but that’s a topic for another day. Several activities are coming up at the library in January including the following…


Crofton Library is open 9-9, Monday through Thursday, and 9-5 on Friday and Saturday. It’s located at 1681 Riedel Road, Crofton, MD 21114.


Copyright 2012.  All rights reserved.

Posted by Margaret Woda | | Discussion: No Comments »

2012 Real Estate Sales in Crofton, MD

Sold sign2Happy New Year!

As we look forward to a new beginning in 2013, a quick glance back at  home sales in 2012 suggests that Crofton home owners can feel good about our local real estate market. 

12.5% more homes sold in Crofton, Maryland, during 2012 than 2011 and 2010. 

2012:  307 homes sold and settled in the 21114 zipcode last year, including 113 homes listed as “detached” that ranged in price from $269,900 for a short sale in Crofton Village to $624,000 for a 9–year old colonial in Braddock Farms. 57 of the total closed sales reported by MRIS (18.5%) were “distress sales” –  i.e., a short sale, foreclosure, or bank-owned property. 

2011: 273 homes sold and settled in Crofton the previous year, including 96 detached homes ranging in price from $270,000 for a home in Crofton Meadows to $590,000 for a 16–year old colonial in Walden. 59 of the 273 homes sold throughout the year (more than 21%) were reported in MRIS as “distress sales.”

2010: 270 homes sold and settled two years ago, including 102 detached homes that ranged in price from $270,000 for a home in Crofton Meadows to $782,912 for a brand new colonial in Chaney’s Grant. 42 of the 270 total home sales in Crofton during 2010 (15.5%) were listed as “distress sales.” 

Remember, there was a home-buyer tax credit for part of 2010 that artificially boosted sales, so none of these numbers are an accurate reflection of how dismal real estate market conditions were at that time – not just in our area, but nationwide. 

*All data obtained from MRIS, the regional multiple listing service used by REALTORS and appraisers. Only homes listed on MRIS are included in these numbers.

Check back to this website in mid-January for more real estate statistics, including charts and graphs of the monthly median price, days on market, and units sold in Crofton MD during 2012. 

If you’re thinking of selling your home in 2013, be sure to contact me sooner rather than later for a free consultation on getting your home ready to sell.

Home buyers, click on the photo below to view every home currently listed for sale in Crofton, MD.  You can customize your home search and even request email notices of new listings when they come on the market.

Crofton Gates Cropped2_edited

Homes for Sale in Crofton, MD (21114)

Copyright 2013.  All rights reserved.

Posted by Margaret Woda | | Discussion: No Comments »

Homestead Tax Credit Deadline TODAY

December 31 is D Day for the Maryland Homestead Tax Exemption, i.e., DEADLINE day!

The Homestead Tax Credit limits any increase in your property tax assessment to a fixed amount that is prescribed by your local jurisdiction.  It’s not automatic… you must apply.  In  Anne Arundel and Prince George’s Counties, 102% is the magic number.  It’s 105% for the City of Bowie.

Couple - seniors on computerIf you’re not sure whether you’ve already applied, visit the Real Property Database on the Maryland Department of Assessments & Taxation website, enter your county and street address, and then scroll down to the bottom of the page.  The very last line will contain a notation indicating whether you application has been received or approved.  If not, you must do so today in order to benefit on your next tax bill.

There are 3 options for filing:

Visit the Maryland Department of Assessments & Taxation website for answers to any questions you may have about the Maryland Homestead Tax Credit. Don’t delay… Today is the deadline!

Posted by Margaret Woda | | Discussion: No Comments »

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