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crofton home prices: Crofton Real Estate Update for March 2012 - 04/16/12 06:30 AM
Real Estate Activity in Crofton MD for March 2012 was UP over last month (February 2012) and last year (March 2011), based on the units that settled. Home owners who are thinking of selling will be encouraged by this news. As you can see from this chart, closings nearly doubled! New non-contingent contracts were down, however, so I don't expect the number of closings to rise again in April. We'll see... I hope I'm wrong about this.
More good news: The ratio of Sale Price to Original List Price was up about 3% over last month and last year (although it … (2 comments)
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crofton home prices: The Crofton MD Real Estate Market Stumbled in January 2011 - 02/11/11 06:58 AM
CROFTON MARYLAND REAL ESTATE UPDATE (21114)January 2011
BUT (and it’s a BIG one)...
There is one really bright spot on this chart that bodes well for 2011, in spite of otherwise discouraging real estate statistics for last month: The number of new non-contingent contracts for January is the highest we've seen since 2007, and triple the number of new contracts we saw in January 2010. This reflects the uptick in activity we've experienced in my office at Long & Foster and across the zipcode for the past several weeks, and it's the reason that real estate agents are optimistic in … (3 comments)
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crofton home prices: Crofton MD Real Estate Market - After the Tax Credit - 06/11/10 10:25 AM
The Crofton MD Real Estate Market was showing signs of improvement in early spring, but no one dared celebrate. We suspected Crofton real estate sales figures might go into a free-fall after the tax credit expired.
Surprise! Information released yesterday by MRIS, our regional multiple listing service, wasn't all bad. The results are much better than most people expected (and certainly better than many other areas of our state and country).
ANSWERS TO YOUR QUESTIONS ABOUT THE CROFTON REAL ESTATE MARKET (May 2010)
1. How many homes sold in Crofton during May 2009?
The Number of Homes Sold was … (7 comments)
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crofton home prices: Crofton Maryland Home Prices on the Rise - 11/13/09 07:41 AM
The first-time home buyer tax credit is probably responsible for the decline in average and median home prices in Crofton Maryland since August, because first time homebuyers generally purchase at the low end of the market. Overall for the year, however, the trend in prices has been upward with the average sold price at $268,400 in January and $319,137 in October, and the median sold price increasing from $250,000 in January to $308,000 in October.
At the same time, that tax credit may be the reason more homes sold in September and October of this year than in 2008 … (19 comments)
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crofton home prices: Crofton Maryland Real Estate Update - September 2009 - 10/15/09 07:41 AM
Crofton Maryland homeowners want to know, “Is the real estate market stabilizing in Crofton?” Using statistics from the five most recent years, I’ll do my best to answer that for you.
Good news:
More homes sold/settled during September 2009 in Crofton, Maryland, than September of the two most recent years, although we’re nowhere near the number of the bubble year 2006. More good news: “Days on Market” are down almost 15% from the same month last year, and Both the average and median prices are up slightly from September a year ago. My daughter-in-law, Christine, prepared this chart so we can see a five-year trend in … (5 comments)
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crofton home prices: Crofton Maryland Real Estate Update - January 2009 - 02/16/09 08:12 AM
Since statistics were released by MRIS last week for January real estate sales in Crofton, I've been procrastinating on writing my monthly real estate update. That's because I can't find a positive spin to put on any of the numbers - at least not from a seller's perspective.
HOME BUYERS - Please, take a look at this information and consider what a perfect storm you have for investing in real estate. High inventory, low interest rates, and lower prices than anyone has seen in years.
With both the average and median sold prices at pre-2005 level, more and more Crofton … (4 comments)
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crofton home prices: Crofton Maryland Real Estate Update - July 2008 - 08/11/08 08:38 PM
Crofton Maryland Real Estate real estate sales were down almost 40% in July from the same month last year, based on dollar volume. The number of units sold was down about 37%. Of course, that means the "average sold price" was down in July, too, by 3.9% from the same month last year. Ironically, the "median sold price" was actually up by 3.15%.
While that's not much of a drop from July last year to this, the average sold price fell almost $30,000 from last month and the median sold price by more than 42% since June. But don't panic... This does not … (6 comments)
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crofton home prices: Crofton Maryland Real Estate Market Update - May 2008 - 06/21/08 04:44 PM
Crofton real estate is not what it used to be, and home sellers are struggling right now,. Yet most Crofton homeowners remain positive, confident in the desirability of our community and their own home.
Crofton is a unique place to live, so close to the two major cities of Baltimore and Washington, D.C., but it's a close-knit community with the ambiance of a small town. Residents have a short commute to work, and they come home to their choice of two country clubs with golf courses, three pools (not counting the one at Crofton Village or the apartment complexes), and more organized … (7 comments)
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crofton home prices: Crofton Maryland Real Estate Update - April 2008 - 05/17/08 09:34 AM
Crofton real estate prices are still higher than the 2005 level.
And that's good news for Crofton homeowners - especially the military families based at Fort Meade, NSA, USNA, and Andrews AFB, because relocation is not optional for you when you get orders! For many other Crofton residents, the timeframe for moving is more flexible.
The biggest issues we face, in Crofton, is the steadlily growing inventory and shrinking number of homes sold.
People often ask me, "What about BRAC?"
..."Isn't that good insurance for our housing market?" The short answer is yes, and I think perhaps that could be one reason prices haven't fallen lower. As … (6 comments)
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crofton home prices: Crofton Real Estate Market Study - February 2008 - 03/11/08 09:31 AM
Crofton Real Estate is still doing better than most of the country, yet the market is quite different from two years ago - at least when it comes to "days on market" and the number of "homes sold". Now it's more important than ever for home sellers to have realistic expectations when they put their homes on the market for sale. Those boom years for sellers are a thing of the past. Buyers, this market is YOURS!
Crofton home sellers often ask me "When is it going to get better?" or sometimes they say "I'll just wait it out". My reply … (4 comments)
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crofton home prices: Crofton Maryland Real Estate Update - January 2008 - 02/11/08 08:26 PM
Crofton real estate statistics for January 2008 were released yesterday by the Metropolitan Regional Information Systems, Inc. (MRIS). As you know from my past reports, I feel this information is an important piece of the puzzle that faces home buyers and sellers today and in the coming months - How to price your home, if you're a seller; what to offer, if you're a buyer. That's why I take the time to review the data and create user-friendly charts for you.
Interest rates are a factor in analyzing market trends, as well, so I'm adding a new feature to my blog - a link at the bottom of each market study to Mortgage Rate Watch, … (9 comments)
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crofton home prices: Crofton Maryland Real Estate Market Update - February 2007 - 03/13/07 10:41 AM
CROFTON MD REAL ESTATE MARKET SHOWS IMPROVEMENT
The real estate market in Crofton (21114) was looking up for home sellers in February, compared to the two previous months.
I consider the best indicator of local market trend to be total new listings compared to total new sales. When new listings significantly outnumber new sales, it is a sign of growing inventory. Based on the law of supply and demand, a growing inventory means falling prices and more days on the market. In February there were 59 new sales, 3 more than the new listings (56) in the 21114 zipcode. Yay!!!! Let's hope this turns … (7 comments)
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Margaret Woda, Maryland Real Estate & Military Relocation Services
Crofton,
MD
More about me…
Long & Foster Real Estate, Inc., Crofton, MD
Address: 2191 Defense Hwy., #120, Crofton, Bowie, and Davidsonville, MD, 21114
Office Phone: (410) 721-1500
Cell Phone: (301) 346-2923
Email Me
Real Estate and community information for homebuyers, sellers, and rookie agents in Bowie, Crofton, Crownsville, Davidsonville, Fort Meade, Gambrills, Odenton, Millersville, and the U.S. Naval Academy in Annapolis. Proven systems - combining local expertise, professional experience, and technology - to give you a competitive edge when you buy or sell a home.
Margaret Woda
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