UP: New Non-Contingent Contracts (+54%), Listings Sold & Settled (+120%), Total $ Sold Volume (+75%), in a comparison with statistics for February 2010. DOWN: Average (-20%) and Median (-18%) Sold Prices and Average Days on Market (-10%), in a comparison with statistics for February 2010. Five detached homes and seventeen attached homes sold – which is good news for other townhome and condo sellers because it never hurts to wipe out some of the competition. This emphasis on … (0 comments)
market report: Statistics Don't Have Room for Nuances - True or False?
- 11/01/10 01:57 AM
Another real estate agent in Crofton recently downplayed the use of statistics in evaluating the market, saying in an online newsletter that "statistics don't always have room for nuances" such as the effect of the tax credit on units sold and sold prices. True, BUT... My very first Activerain post was a market study based on statistics published by MRIS, our regional mls. Within a week, I listed a Crofton home for sale as a direct result of this first post, and a second listing followed a few weeks later. Needless to say, I've been a believer in market studies ever … (40 comments)
market report: Crownsville Maryland Real Estate Report - Sept. 2007
- 10/22/07 03:04 AM
Over the weekend, I had occasion to meet with clients who have a beautiful home listed for sale in Crownsville, Maryland. The purpose was to review any market changes since the property was listed, less than a month ago. Digesting raw numbers can be boring, so I created the following charts that may interest other consumers in the Crownsville area: Average Sold Prices, April-September, 2006 and 2007:
Real Estate Activity, April-September, 2007:
Days on Market, April-September, 2006 and 2007:
Units Sold, April-September, 2006 and 2007:
If you're interested in more information about the Crownsville real estate market, I would be happy to review these charts with you and provide you with … (2 comments)
DAYS ON MARKET go up and prices go down when new listings outpace new contracts for homes, as we've seen throughout 2007 in Anne Arundel County MD. The explanation is simple - supply and demand. Housing inventory simply exceeds the number of qualified buyers in the marketplace. No turn-around in this situation is anticipated soon, unfortunately, since issues surfaced during August in the mortgage industry which resulted in the tightening of credit qualifications for homebuyers. Many lenders literally closed their doors and others severely restricted their loan programs. Popular "no-money down" conventional loans may now be history, eliminating a large percentage of prospective home buyers from the … (7 comments)
market report: Crofton MD Real Estate - Market Report for July 2007
- 08/10/07 04:31 AM
CROFTON MD 21114 Crofton home prices dropped in July, putting her in good company with communities across the nation (although the number of homes sold in July 2007 exceeded those in 2006). The news is particularly discouraging, given that the current mortgage market debacle is not reflected in last month's statistics. Given the downward direction in prices for July, continually expanding inventory, and now the tightening of mortgage criteria, sellers and buyers alike could be in for some tough times for the remainder of the year. Yet, as you can see from this chart, the difference in Crofton's average sold price from last year has not … (4 comments)
Real Estate and community information for home buyers and sellers, military transferees, and rookie agents in the greater Crofton area, including Annapolis, Bowie, Davidsonville, Fort Meade, Gambrills, Joint Base Andrews, Millersville, Odenton, and the U.S. Naval Academy.
Crofton MD Real Estate UpdateFebruary 2011
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