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

Anne Arundel County Real Estate Market Statistics December 2016

Happy Holidays! Merry Christmas!

It seems like almost everyone is shopping for food and gifts to celebrate the holidays, and some are also shopping for homes!  

Here are some market statistics for you for the year to date in Anne Arundel County, compared to last year:

  • Average Discount Off Original Price: 4.3% (was 5.8%)
  • Average Days on the Market: 75 (down 11.76%)
  • Number of Homes for Sale: 2,386 (down 10.00%)
  • Total Sales: $3,067,017,614 (up 15.81%)
  • Average Sold Price: $364,904 (up 1.64%)
  • Real Buyers (Home Sold): 8,404 (up 13.94%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2016 – Information deemed reliable, but is not guaranteed.)

Final numbers for the year will come out in January, and I want to give you the early data now.   It’s a seller’s market.  Inventory is low, with just 3.3 months of property on the market.  And, as you may have heard, the Fed just raised interest rates yesterday.  Local mortgage brokers told me that this has already resulted in increasing mortgage rates and volatility.  The uncertainty will motivate many savvy buyers to move more quickly than they might have otherwise.

All of which means, we are looking for more sellers, who would like to take advantage of the situation.  Now is the time to get started, in order to complete a move next year.  Who do you know who might be interested in making a move?  

If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us.  I’m happy to help them find that out!

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

Local web sites in and around Annapolis, Maryland

Anne Arundel County Local Market Insight November 2016

Anne Arundel County Local Market Insight November 2016

8606 Lark Place, Laurel, MD – Beautiful Russett Garage Townhome Just Listed

This beautiful garage townhome in Russett in Laurel, Maryland, was just listed, and we’ll be starting showings soon. This home is larger than most of the townhouses in Russett, and includes a garage, making it a rare opportunity in this fast-moving price range. This home is likely to sell quickly.

8606 Lark Place, Laurel, MD 20724

Beautiful Garage Townhouse for Sale in Russett, Laurel, Maryland

If you or someone you know would like to find out about homes like this as soon as possible, and sometimes before they hit the MLS, please get in touch and we’ll keep you posted.

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 July 2016

In Anne Arundel County, the real estate statistics through the end of June 2016 show that this year’s sales have been stronger than last year’s, with 18.98% more homes sold (a total of 4,420). And, they sold 8.89% faster, with an average of 82 days on market.

Across Anne Arundel County, sales of waterfront homes were up 13.41% compared to the previous year, with 186 homes sold in 2016 compared to 164 in 2015. And, the average net sold price was up 4.08% (to $800,023).  In the higher end smaller market of Annapolis, the number of waterfront homes sold year to date in 2016 (49) was below 2015 (53).  And the average net sold price was up 5.04% (to $1,079,714 from $1,027,952).

Here are more numbers on home sales, year to date through the end of for June 2016 vs. the previous year for Anne Arundel County:County-AnneArundelCountyMD-201606

  • Average Discount Off Original Price: 4.6% (was 5.5%)
  • Average Days on the Market: 82 (down 8.89%)
  • Number of Homes for Sale: 2,846 (down 12.67%)
  • Total Sales: $1,595,444,519 (up 20.11%)
  • Average Sold Price: $360,960 (up 0.96%)
  • Real Buyers (Home Sold): 4,420 (up 18.98%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2016 – Information deemed reliable, but is not guaranteed.)

Overall, the sellers market has further strengthened since last year, with approximately 4 months of inventory, and more homes having sold more quickly.

Of course, conditions differ within sub-markets; each price range and neighborhood differs. For example, in Davidsonville, another high-end area, the market has been quite different.  While the number of houses sold year to date in 2016 was up 14.63% compared to the previous year, the average sold price was down 14.9%.

Now, more than ever, it’s important for home sellers to pay attention the market activity, and employ smart strategy and top talent, in order to make the best sale.

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

Local web sites in and around Annapolis, Maryland

932 Whitstable Blvd, Arnold, MD 21012 – Beautiful Garage Townhome Just Listed

932 Whitstable Blvd, Arnold, MD 21012

932 Whitstable Blvd, Arnold, MD 21012

This beautiful garage townhome in Canterbury Village in Arnold, Maryland was just listed, and we’ll be starting showings soon.  We started getting loads of calls just as soon as the sign went up, confirming the demand for this neighborhood.

If you or someone you know would like to find out about homes like this as soon as possible, and sometimes before they hit the MLS, please get in touch and we’ll keep you posted.

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

 

 

Dealing with the wild and crazy market

The stock market sure has been wild over the last week.  Headlines about major market moves always make me think about where my money is invested, and what to do next.

I’ve talked to some excellent financial planners in the last few days, who are in touch with quite a few people.  I thought they might be busy helping worried clients, and they all said that they only heard from a few. That’s a good sign that they have advised their clients to expect and be ready for market ups and downs, to plan accordingly, and they are weathering the storm.

I’m curious… what’s your take on the market, and what to do about it?

Is it time to refinance any real estate, while the rates are still low?

Is it time to buy or sell something?  Do you want more of your wealth in a hard asset like real estate?  If so, what type?  Or do you want to sell something to be in a stronger financial position?

Do you have a good financial planner to advise you?  If so, would you be willing to introduce us, so that I can expand my network of resources?  If not, I would be happy to refer you to a good one.  It’s important to get the best advice that you possibly can.

And if you want to make any real estate moves, you know who to call, right?  In terms of the local real estate market, showings have been slow in the last few weeks with last-minute vacations and play, and getting the kids back in school.  I expect showings and new listings to pick up now, because for anyone who wants to move this year, it’s time to get going.

Have a great weekend!

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

Local web sites in and around Annapolis, Maryland

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.

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888-860-7369 x146 – Main Office
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