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crofton real estate market update: Crofton Maryland Real Estate Market Update - June 2008 - 07/10/08 02:09 PM
After a relatively dismal May for Crofton Maryland real estate, I'm happy to report that things were looking up in June. Both the average and median sold prices were up slightly from last year AND from last month!
The average sold price was up just .4%, but the median sold price was up 8.48% and average list price of sold homes was up 4.07% from last year. In fact, both the average and median sold prices were the highest in June 2008 that they've been over the 4-year period tracked in this chart:
… (3 comments)
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crofton real estate market update: 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 real estate market update: 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 real estate market update: Crofton Real Estate Update - March 2008 - 04/11/08 11:02 PM
While the Crofton real estate market is not what we'd like to see, there are some homes selling. Let's take a look at the most recent month for which we have statistics from MRIS:
Crofton sales were down over … (7 comments)
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crofton real estate market update: Real Estate Market Study February 2008 - Gambrills, MD (21054) - 03/13/08 03:52 PM
Whether today is a good one in real estate depends entirely on your perspective. Are you a Gambrills home seller or buyer? These renters are thinking "buy now" (while home sellers are pretty depressed):
A few years ago, the press couldn't say enough about what a great real estate market it was. That was true for sellers, but NOT for home buyers. Now the shoe is on the other foot, as the saying goes. The press is moaning about what a terrible market it is (and most home sellers would agree), BUT IT'S A GREAT MARKET FOR HOME BUYER!
DOWN:
The … (10 comments)
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crofton real estate market update: 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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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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