Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

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Happy Thanksgiving and Anne Arundel County Real Estate Market Update

What are you grateful for today? 

Some days, I am grateful just to be making it through – this has been a tough year in a lot of ways. 

I’m thankful that I have been able to continue business, that the real estate market is strong, and that people like you choose to do business with me!   

I’m also thankful that my real estate brokerage, eXp Realty, was already doing almost everything on line, using the latest technology, and was quick to adapt. As our CEO says, “We were made for this!” The company has been doing very well, sharing our virtual office technology with others, and bringing on more agents in big numbers. We now are in Canada, the United Kingdom, Australia, and South Africa, with more than 38,000 agents. And just opened in India. 

I’m thankful that it’s been possible to continue to help people move, to help them navigate this unusual market, and to put my skills, knowledge, and network to use for them. We’ve done a lot more virtual tours (both live and recorded), drone aerial video, video conversations, electronic signatures, and more. With our tools and systems, we help people do business efficiently, safely, and profitably! 

People are in such different places, from hunkering down where they are, to repositioning their lives and finances based on how things have shifted. Some are really struggling, and others are having a good year (and sometimes feeling guilty about that!) And almost everyone has spent enough extra time at home to be wondering if there might be a better place to live.  

A recent article titled “The Great Relocation: Americans Are Relocating By The Millions Because They Can Feel What Is Coming” on the Economic Collapse Blog started with:

This is a really odd time to be having a “housing boom”.  We are in the middle of the worst public health crisis in 100 years, endless civil unrest has been ravaging many of our largest cities, and we are experiencing the worst economic downturn since the Great Depression of the 1930s.  But even though more than 70 million Americans have filed new claims for unemployment benefits this year, home sales are absolutely rocking.  How in the world is this possible? 

The National Association of Realtors just wrote in the Weekly Housing Monitor on November 19th:
October existing home sales hit 6.85 million. the second all-time high level (tied with Feb 2006) since this series started in Jan 1999. The all-time high is 7.26 million in September 2005. Sales rose 4.3% from September’s level and up 26.6% year-over-year. 

Some local statistics are shown on images below. 

If you have questions about this market, or are wondering whether it is a good time to make your move, or are just trying to make sense out of what is going on, let’s talk. 

In other news, every year between Thanksgiving and Christmas, the Rotary Club of Annapolis supports the Salvation Army by ringing the bell at a booth at the foot of Main Street. This year, we have also created a virtual kettle, because people are not going out as much, and the need is great. 

In Annapolis so far this year, the Salvation Army has served 878 families, distributed 4,302 food boxes, spent $110,000 on food for distribution, distributed 680 Care Kits, and spent over $200,000 to help local households with rental and utility assistance.

Here’s a link for info on our virtual kettle, and if you would like to contribute, please do so here: 

Rotary Club of Annapolis Salvation Army Kettle 

Feel free to spread the word however you like to communicate, like on Facebook, email, web, Twitter, or by text! 

Wishing you a fabulous Thanksgiving and holiday season! 

I appreciate you!

Anne Arundel County Real Estate Market Statistics Year 2019

If you are wondering how the last year went in our local market, here are some market statistics for the entire year of 2019 in Anne Arundel County, compared to 2018.

  • Total Sales: $4,109,091,572 (up 12.29%)
  • Average Discount Off List Price: 2.7% (was 3.1%)
  • Average Days on the Market: 46 (down 38.67%)
  • Average Sold Price: $411,547 (up 2.49%)
  • Real Buyers (Homes Sold): 9,873 (up 8.34%)

(Data Source: Bright MLS Statistics calculated 1/7/2020)

All of these numbers show that this market was stronger for sellers over the past year. If you’d like details on your neighborhood, just ask.

Anne Arundel County Real Estate Market Statistics Year 2019

House Hacking – How to Live Rent-Free

Are you renting a home, or do you have friends or family members who are?

Wouldn’t it be great to build wealth through real estate and maybe even live rent-free?

Lots of people are very cautious or just don’t know what they can do. Many people have student loan debt and they are working to pay it off, and they don’t have much money for a downpayment.

By putting in a bit of extra effort and being creative, it’s possible to save money by buying a home, and even cover your housing expenses. Even in a high-cost area like Annapolis and Anne Arundel County.

Scott Trench shared some great ideas in the Millenial Money blog article, titled “House Hacking | How to Live for Free”.  As Scott wrote:

House Hacking is having your cake, and eating it too. It’s a mix between buying a personal residence and investment property.

House hacking occurs when you buy a piece of investment real estate, live in one of the units or bedrooms, and rent out the others.

One of my clients recently did this, and she is thrilled to have her roommates helping to pay off her mortgage!

If you want to find out how she did it, and explore what you can do, let me know!

Pocket Listings in Anne Arundel County – Private Exclusive Listings

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 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.

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Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
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