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

Spring Surge Softens in Annapolis and Anne Arundel County – Market Statistics April 2011

The Spring surge softens!  After a couple of months of increased sales in the Annapolis and Anne Arundel County real estate market, this past month was not as strong.  Here are stats for Apr 2011 vs Apr 2010 for Anne Arundel County.

Average Discount Off Original Price: 10.7%
Average Days on the Market:  130 (up 5.69%)
Number of Homes for Sale:  3,547 (down 1.39%)
Total Sales: $155,394,469 (down 9.76%)
Average Sold Price: $340,032 (up 2.09%)

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

The continuing buyers’ market means it is more important than ever to get good advice as you plan your next move.

If you would like specific information on what is happening with home sales in your neighborhood, I’ll be happy to help.   Call for a free, no-obligation consultation.  Get the information you need to help you enjoy the home of your dreams.

Wouldn’t you like to save time and money on your move?  Put our proven systems to work for you today.

Don’t you have a friend who wants to move?   Please introduce us, so I can help them.

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

Renting vs. Buying, in Annapolis and Nationwide

On one hand, with low mortgage rates and many homes on the market, renters have good reason to look into home ownership. Today’s historically low interest rates can create a financial advantage for buying over renting. Factoring in tax savings and long term appreciation, home ownership can make a significantly positive impact for the right buyer, without the negative impact of a large mortgage payment.

The President of the National Association of Realtors, President Ron Phipps, explains that many renters are considering home ownership to hedge against inflation. “The typical buyer today plans to stay in a home for 10 years, while rents are projected to rise at faster rates over the next few years,” he said. “As buyers gain more financial security, the advantages of home ownership become more obvious. Rents will continue to trend up, especially in comparison with a fixed-rate loan which provides financial stability and gradual accumulation of equity over time.”

Given that not everyone sees it this way, and many people are not able to buy at this time, the demand is increasing for good rental homes. Many people who could buy are choosing to rent these days.   A recent Wall Street Journal feature titled A Bull Market in Rental Housing pointed out the opportunities for landlords, because in many areas such as ours, housing prices are down, mortgage rates are down, and rental demand is increasing.

Locally, this Spring, I’ve talked with quite a few people in the Annapolis area who could buy homes, yet are choosing to rent.  They have been having difficulty finding quality rental homes, and good ones that are well-priced are going fast.

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

1450 Central Avenue East, Edgewater, MD 21037 (AA7582464)

UPDATE: SOLD! We have other homes available including some that are not yet on the Internet – please call and we will help you find the right home!

We just listed this home at 1450 Central Avenue East, Edgewater, MD.

“It’s too far away!” someone said.  “Why would I buy a 4 bedroom, 2 bath home in Mayo?  I could probably find something almost as nice closer in for only $50,000 more.  After all, it’s at least 7.7 miles to the Annapolis Mall, 9.4 miles to the Annapolis harbor in the historic district, and 20 miles to route 495.  Anyway, a home in Annapolis would have higher taxes, which adds to the prestige.  And maybe I could get a foreclosure that’s been trashed.  I don’t think it’s a bargain.”

1450 Central Avenue East, Edgewater, MD 21037

What do you think?

Would you like to bring your cars, boats, and toys? Live the good life in the historic beach resort community of Mayo?  Enjoy one-level living near the shores of the Chesapeake Bay?  Get a home that’s ready to move-in, without the hassles?

For more details, including photos, click here!

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

Anne Arundel County Real Estate Market Statistics March 2011

“LET’S MOVE!” Average Sales Price Leaps 10%!

Spring sales soar! Here are stats for Mar 2011 vs Mar 2010 for Anne Arundel County…

Average Discount Off Original Price: 9.7%

Average Days on the Market:  129 (down 0.77%)

Number of Homes for Sale:  3,295 (down 1.93%)

Total Sales: $144,542,001 (up 5.52%)

Average Sold Price: $366,858 (up 10.07%)

Real Buyers (Homes Sold): 394 (down 4.14%)

Wouldn’t you like to save time and money on your move?  Put our proven systems to work for you today.

Don’t you have a friend who wants to move?   Please introduce us, so I can help them.

P.S. A new listing is on the way – a great house on Central Avenue in Edgewater with a huge garage and workshop on a big level lot – a third of an acre!  It will be just $299,000.  If you know someone who would like a home like that, please call me, and I’ll get them in early!

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

Anne Arundel County Real Estate Market Statistics February 2011

“LET’S MOVE!”  HOME SALES KEEP JUMPING +21.22%

This year is starting off well, a lot better than last year.

We’ve waited long enough for this, haven’t we?

Here are stats for Feb 2011 vs Feb 2010 for Anne Arundel County…

Average Discount Off Asking Price: 9.9%
Average Days on the Market: 127 (down 1.55%)
Number of Homes for Sale: 3,150 (up 1.09%)
Total Sales: $109,834,609 (up 21.22%)
Average Sold Price: $345,392 (up 1.02%)
Real Buyers (Homes Sold): 318 (up 20.00%)

Wouldn’t you like to save time and money on your move?
Put our proven systems to work for you today.

Don’t you have a friend who wants to move? Please introduce us, so I can help them.

We had a really fun Client Appreciation Party last weekend on the water at Yellowfin.  How lovely to enjoy the water view as Spring unfolds in Annapolis, celebrating friendships and successful real estate transactions!

P.S. Now I’m a Certified Luxury Home Marketing Specialist (CLHMS)!

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

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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