| Are you looking to buy a house for less or sell a house for less? Interested in pocket listings, off-market listings, private exclusive listings, properties that are not in MLS? Do you want to sell your house the best way? Perhaps you have seen more creative real estate ads lately. Competition is fierce. And new guidelines mean that marketing strategies are changing. What worked yesterday may not work today, and what works today may not work tomorrow. Michele Lerner recently wrote in the Washington Post article “‘Pocket listings,’ those secretive, off-market offerings of homes for sale, to disappear in the D.C. area”: If you’ve ever been the recipient of an email blast from a real estate agent with photos, prices and information on “private exclusive listings,” you may have felt privileged. But for other real estate agents and buyers, the practice of pocket listings, also known as office exclusive listings or off-MLS (multiple listing service) listings, is frustrating. Now that practice in the Washington area may be coming to an end. It’s a hot debate about eliminating “pocket listings” and making all information available to home buyers. At the same time, sellers want things done their way, at their convenience, and to their advantage. Obviously, different people have different interests, and the landscape is changing. Be sure to plan well in advance for your next move. To get the best outcome, find out about the latest market changes, and act accordingly. Talk to me early! What’s your dream home? My systems for buying and selling homes are constantly being updated to provide the best client service possible. Do you want to: * Keep the most money in your pocket? * Make showings as easy as possible? * Coordinate the timing of your buying and selling to make your move as smooth as possible? When you are ready, let’s discuss these and other goals, and map out a path that works for you. |
Anne Arundel County Real Estate Market Statistics August 2019
Are you wondering what is going on in the Anne Arundel County real estate market? You can use local market statistics to help make the best choices.
Let me know if you would like the numbers for your neighborhood.
Or if you’d like to get regular updates on homes for sale in your area, or another area that you are thinking about, just ask.
Here are some market statistics for August of 2019 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 2.7% (was 3.4%)
- Average Days on the Market: 54 (down 21.74%)
- Total Sales: $366,155,110 (down 4.51%)
- Average Sold Price: $404,591 (down 4.51%)
- Real Buyers (Homes Sold): 907 (up 0.22%)
- Pending Sales (Homes Under Contract): 1,497 (up 19.38%)
(Source: Bright MLS Copyright 2019 – Information deemed reliable, but is not guaranteed.)
While the numbers show that on average homes sold faster, and about the same number sold, looking more closely shows a different story. Only 562 detached homes were sold, compared to 596 last year, a 7.38% reduction. The increased sales have been townhomes and condos.
Also, because we are so active in the market, my colleagues and I have noticed a trend that hasn’t made headlines, and is not so obvious at first glance. You find these things out by talking to people active in the business. More contracts have been falling through. For a lot of people, this has made the moving process even more of an emotional roller coaster than it usually is!
In order to give the best advise to my clients, I looked over the numbers in more detail. In the past few months, there has been a growing gap between contracts and homes sold. In August, new pending sales rose sharply – 1,497 contracts pending, an overall increase of 19.38%. Yet, the number of homes sold was nearly flat compared to last August.
What this means for you, if you are planning a move, is that it is important to get professional advice and get ready for the market conditions that affect your particular type of property. It’s important to look beyond the averages and get into your specific part of the market. And, have a strategy to “bulletproof” your contract, to give yourself the best chance of getting from contract to closing.
If you or someone you know is looking to make a move, anywhere in the country, don’t hesitate to ask me for information. I’d love to help.
As always, feel free to share this post with anyone who might be interested.
Anne Arundel County Real Estate Market Statistics June 2019
Wishing you and yours a wonderful Summer!
Now that we are more than half way through the year, here are some updated market statistics.
Let me know if you would like the numbers for your neighborhood.
Or if you’d like to get regular updates on homes for sale in your area, or another area that you are thinking about, just ask.
This year, the local real estate market started off stronger than it did last year. Yet this past month of June 2019 was slower in sales.
Here are some market statistics for you for the first six months of 2019 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 2.8% (was 2.9%)
- Average Days on the Market: 72 (down 8.86%)
- Total Sales: $1,862,945,250 (up 5.20%)
- Average Sold Price: $408,630 (up 4.12%)
- Real Buyers (Homes Sold): 4,565 (up 1.17%)
(Source: Bright MLS Copyright 2019 – Information deemed reliable, but is not guaranteed.)
While the year started off stronger than last year, we saw a slowdown in June, compared to last year. Only 918 homes were sold, compared to 979 last year, a 6.23% reduction.
These numbers tell a story, of what has happened in the past. Everyone wants to know what is coming next. What we are seeing on the street now is that some sellers who didn’t get their properties sold in the Spring are becoming more flexible, and buyers are often finding more negotiating room, and less competition, than earlier in the year.
If you or someone you know is looking to make a move, anywhere in the country, don’t hesitate to ask me for information. I’d love to help.
As always, feel free to share this post with anyone who might be interested.
Anne Arundel County Real Estate Market Statistics 2019
Wishing you and yours a good Memorial Day weekend.
It’s been a while since I sent out market statistics, so here’s an update.
Let me know if you would like the numbers for your neighborhood.
Or if you’d like to get regular updates on homes for sale in your area, or another area that you are thinking about, just ask.
This year, the local real estate market started off stronger than it did last year. Here are some market statistics for you for the first four months of 2019 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 3.3% (was 3.3%)
- Average Days on the Market: 81 (down 10.99%)
- Total Sales: $1,019,277,477 (up 3.47%)
- Average Sold Price: $392,030 (up 1.13%)
- Real Buyers (Homes Sold): 2,605 (up 2.52%)
(Source: Bright MLS Copyright 2019 – Information deemed reliable, but is not guaranteed.)
If you or someone you know is looking to make a move, anywhere in the country, don’t hesitate to ask me for information. I’d love to help.
And if you are looking for entertainment on Sunday, or would be interested in the home shown below, come and see me at the open house! As always, feel free to share this post with anyone who might be interested.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
Real Estate Problems and Solutions in Anne Arundel County, Maryland
Most of my clients who listed this Spring have found buyers already.
A couple are still seeking the right buyers, and people are actively shopping, so I expect to find their buyers soon.
Inventory is low – we have more buyers than sellers active in the market right now.
Who do you know who has a house that they don’t need or want, and yet they also don’t want to go through the hassle of staging for sale?
Maybe they have a lot of other things going on in life, and they just don’t have time to deal with this real estate problem.
A tired landlord, who has had enough of tenants and toilets?
An accidental landlord, who just couldn’t sell for enough to pay off the mortgage?
Or someone who doesn’t want the house, yet really needs the income that they get from the rent, and can’t afford to have their cash sitting the bank earning just a fraction above zero percent, or gambling in the stock market.
And maybe they don’t have time or energy to stage the house to make it look like a model home, or like the ones on HGTV.
Whoever comes to mind with a situation like this, I can help. Please introduce us. It’s not too late for them to sell this Spring! I am working with buyers who are knowledgeable in renovations and property management, and we may be able to solve their problems.
And if you or someone you know is thinking of moving up to a more expensive home, maybe waterfront, maybe larger, it’s important that you know that, according to Mortgage News Daily, “Lower Rates Boost Jumbo Credit Access.” Better terms are being offered for large loans, and lending standards are loosening.
Are you in your “forever home?” If not, we have homes of all kinds! It’s a great time to move, and either rent or sell the current place!
I’m curious, what would your dream home be like?Happy Mother’s Day!
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
Annapolis Water-Privileged Condo Just Listed and More Real Estate News
Happy Spring! I’m so glad it is finally here. I am SO ready for more warmth and sunshine.
It’s a time for new beginnings, growth, change, and Spring cleaning! Have you watched Marie Kondo’s show on Netflix, or read her book, The Life-Changing Magic of Tidying Up? It’s inspiring, and… I have my work cut out for me. It’s easier to watch the book and the shows than to sort through the clutter, that’s for sure! And, as I go outside more, in the warm weather, and look around, I see even more projects.
Are you inspired to make changes at home? If you need any contractor referrals, let me know. And if you have a contractor that you love, please share that with me, as I can introduce them to some of my awesome clients and friends like you, and help everyone.
Who do you know whose housing needs have changed? Who may want a larger or smaller place, or a different location? Please share this email with anyone who comes to mind.
Homebuyer attitudes have improved, according to Mortgage News Daily, “Homebuying Attitude Perked Up in Q1.” That’s consistent what I’m seeing on the street, as people are coming to open houses, shopping with their agents (or without), and making offers.
Are you in your “forever home?” If not, we have homes of all kinds! It’s a great time to move, and either rent or sell the current place! What would your dream home be like?
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
Annapolis Waterfront Open House and More Real Estate News
Happy Friday!
Who do you know who would love to live on the water in Annapolis? We’ve just listed an exceptional waterfront property in Amberley, with a lovely home, established community, Broadneck schools, and protected water. To see more photos and details, click on the photo above. We are having an open house this Sunday, from 1 to 3 pm. Come and visit!
Please share this post with anyone who comes to mind.
It’s shaping up to be a good Spring market. After a slow December, as they said at Mortgage News Daily, “A Surprise in Pending Sales Kicks Off 2019.”
Lawrence Yun, the chief economist for the National Association of Realtors, said “Income is rising faster than home prices in many areas and mortgage rates look to remain steady. Furthermore, job creation will help lift home buying.”
I hope he is right, and am very glad the government shutdown is over. That had a big impact on those of us in Anne Arundel County and the Washington, DC, area.
Are you in your “forever home?” If not, we have homes of all kinds! Inventory is rising as Spring approaches. It’s a great time to move, and either rent or sell the current place! Let me know about your dream home!
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
1610 Laurel Ln, Annapolis MD 21409 Just Listed
1610 Laurel Ln, Annapolis MD 21409 just listed for sale!
OPEN SUNDAY MAR 3 1-3 PM
Annapolis waterfront home in sought-after Amberley on the Broadneck Peninsula. Estate sale, well-maintained and being sold as-is. On Whitehall Creek.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
Anne Arundel County Real Estate Market Statistics for Year 2018
2018 was a strong year for real estate sales in Anne Arundel County. While the Average Sales Price rose in 2018, and the Average Days on Market declined, the number of homes sold declined slightly compared to 2017 . Here are some market statistics for you for the entire year of 2018 in Anne Arundel County, compared to last year:
- Average Discount Off Original Price: 3.6% (was 4.3%)
- Average Days on the Market: 75 (down 16.67%)
- Total Sales: $3,659,209,090 (up 2.78%)
- Average Sold Price: $401,537 (up 4.9%)
- Real Buyers (Home Sold): 9,113 (down 2.02%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2019 – Information deemed reliable, but is not guaranteed.)
Everyone is wondering what this year ahead will bring.
January 2019 was a busy month for me, and I’ve heard similar reports from colleagues. Several seller clients are getting their homes ready for market, and a few have made it onto the market – in advance of the Spring rush.
At an open house in Millersville, we had thirty-one sets of people through the home, and it sold with multiple offers in the first weekend.
Now with the cold weather and snowstorms, things have slowed down a bit. Sales, like snowflakes, come in flurries. People often want to time the market, and know when the next rush will come.
It’s important for sellers to realize that it’s good to have their properties on the market just as soon as they know they want to sell – that way, when buyers appear, their property can be discovered! (Don’t keep it a secret!)
Who’s getting ready to make a move? Let’s get started together and make it happen.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.
Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146
Change means opportunity! Real Estate Market Update
| Wow, the financial markets have been wild lately! Between the increase in federal funds rate, government shutdown, and the decrease in the stock market, uncertainty is high. One of the explanations I heard for the most recent volatility is that investors are not getting the usual data that they use to make decisions, due to the government shutdown.And in the midst of all this, mortgage rates have decreased. Per Mortgage News Daily… Mortgage Rates Lowest in Nearly a Year This means that buyers can get more house for the same monthly payment. With the market moving towards a buyers market, it’s a great time for buyers to make a good deal. Who do you know that is still renting? If you know of someone who wants to buy and is working on their credit, it’s important that you know that I am now working with investor buyers who will buy the house of their choice and rent it to them with an option to buy. Please introduce me to anyone who might like to buy or rent-to-own. And as far as sellers go, it’s a good time to get ahead of the Spring market, when there is less competition and serious buyers! If you or someone you know is thinking of selling this year, let’s talk strategy sooner rather than later. Happy New Year! |
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