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 September 2012

We’ve got an inventory shortage, buyers are shopping, and sellers are needed!

As you may remember from my report in the Spring, sales were up, inventory was declining, and we had moved into a balanced market.  The market has shifted even further…

Anne Arundel County Real Estate Market Statistics September 2012

Anne Arundel County Real Estate Market Statistics September 2012

Last month, 473 sales closed, more than the previous September by 9.74%. Listings are down 23.48%, to 2,624, as compared to 3,429 a year ago.

Here are more numbers on home sales, for September 2012 vs. September 2011 for Anne Arundel County:

  • Average Discount Off Original Price: 7% (was 9%)
  • Average Days on the Market: 97 (down 16.38%)
  • Number of Homes for Sale: 2,624 (down 23.48%)
  • Total Sales: $175,700,501 (up 18.20%)
  • Average Sold Price: $371,460 (up 7.7%)
  • Real Buyers (Home Sold): 473 (up 9.74%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)

And specifically in the waterfront market, sales of waterfront houses in Annapolis are up a full 30% year-to-date compared to this time last year.

We have moved from a balanced market into a sellers market, with approximately 4.5 months of inventory.   Of course, conditions differ within sub-markets; each price range and neighborhood differs.

Considering a move? Don’t hesitate to call any time, for a confidential chat.  Let’s get started.

I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.

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

Annapolis Area Real Estate Market Update

You’ve probably been hearing positive news about the real estate market lately.  It’s nice for a change!  Today’s Wall Street Journal, in an article titled, “Rise in Home Resales Points to Stronger Market” said:

View on Whitemarsh Creek from Clients' New Waterfront Property

View on Whitemarsh Creek from Clients’ New Waterfront Property

Sales of previously owned homes notched another rise in July, and prices showed annual gains for the fifth consecutive month, the latest evidence that Americans are starting to wade back into the housing market.

Local sales are up, too.  Sales volume so far this year in Anne Arundel County is 11% above last year.

The Wall Street Journal article also said:

Some analysts believe that the low inventory of existing homes is partly fueling strong sales of new homes. Toll Brothers Inc., TOL +0.42% the nation’s largest builder of luxury homes, said Wednesday that orders for new homes surged 57% in the quarter ended July 31 from a year earlier. On Thursday, the Census Bureau will release July data showing sales of new homes across the entire economy.

We have had more clients buy new construction this year than in recent years, and, even more than low inventory, the reason is that local builders have adjusted their prices to meet the market, more so than many individual home sellers.

Many homes are overpriced for today’s market, and buyers are looking hard to find value.  Pent-up demand is high, and the Fall selling season is approaching.

If you are interested in selling but for some reason or another haven’t put your house on the market, please let me know, as I may be able to find a buyer for you.

Just last week I got a call from someone who has subscribed to my mailings for quite a while, appreciated them, and is getting ready to sell her marvelous custom home this Fall.  (Details coming soon!)  It’s always nice to meet such “secret admirers,” and to get started working together.

Have a wonderful day, and if you are a “secret admirer”, please don’t hesitate to call and introduce yourself.  When you share your dreams with me, I can help you achieve them!

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

 

Annapolis and Anne Arundel County Real Estate Market Statistics March 2012

We’ve got a Spring inventory shortage, buyers are shopping, and sellers are needed!

I’ve been talking about how our office has been hopping, and the most recent market statistics confirm it.

Last month, 430 sales closed, more than the previous March by 9%. Listings are down 20%, to 2,650, as compared to 3,295 a year ago.

Here are more numbers on home sales, for March 2012 vs. March 2011 for Anne Arundel County:

  • Average Discount Off Original Price: 10%
  • Average Days on the Market: 134 (up 3.88%)
  • Number of Homes for Sale: 2,650 (down 19.58%)
  • Total Sales: $141,521,775 (down 2.09%)
  • Average Sold Price: $329,120 (down 10.29%)
  • Real Buyers (Home Sold): 430 (up 9.14%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)

We have moved from a strong buyers market into a balanced market, with approximately 6 months of inventory.

Considering a move? Don’t hesitate to call any time, for a confidential chat.

I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Statistics December 2011

Here are the latest numbers on home sales, for December 2011 vs December 2010 for Anne Arundel County:

Average Discount Off Original Price: 11%

Average Days on the Market: 141 (up 17.5%)

Number of Homes for Sale: 2,688 (down 14.64%)

Total Sales: $132,697,257 (up 1.67%)

Average Sold Price: $345,566 (down 1.51%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)

While the sales numbers are not quite as rosy as November’s, the lower inventory provides some upward pressure on prices, along with the continued extremely low interest rates.

A statistic was just published about people in higher-end homes. As you may know, I have been saying for the past year that it is a good time to sell a modest-priced home and buy a higher-priced home. That’s because modest price ranges have gone down some, but the high end has dropped a lot more.

It was just published that the largest increase in mortgage defaults and foreclosures is in the Jumbo mortgages.

These distressed properties soften home prices even more because they increase the supply of houses on the market that are sold at a discount. That’s exciting for people who have wanted to buy up and haven’t been able to afford the house of their dreams.

Are you thinking of doing something with a higher-end home? Or do you know someone who is?

If your answer is yes, let’s talk.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Update December 2011

Here are the latest numbers on home sales, for November 2011 vs November 2010 for Anne Arundel County:

Average Discount Off Original Price: 9.62%

Average Days on the Market: 123 (up 4.24%)

Number of Homes for Sale: 2,941 (down 11.68%)

Total Sales: $125,812,587 (up 5.92%)

Average Sold Price: $349,479 (up 8.57%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2011 – Information deemed reliable, but is not guaranteed.)

The numbers show signs of market strength as compared to last year, with lower inventory, higher sales volume, and higher average sold price.  With those positives, most sellers don’t mind the higher average time on market!

The trend continues of many people choosing to stay in their current homes, and making home improvements while the contractors are less busy. (Let me know if you need an introduction to a good contractor.  I know lots of them, and they appreciate the referrals, too.)

Others are finding it’s a great time to take advantage of the opportunity to negotiate a good purchase on a new home.  Of course, it’s not as easy to sell.  Good staging and marketing make all the difference.

To beat the averages, get good advice as you plan your next move.

Would you like to know what is happening in your neighborhood? Just ask.

Call me today for all your Annapolis real estate needs.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, 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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