A Question Everyone is Asking

By
Real Estate Agent with Long & Foster Real Estate, Inc.

Your real estate connection for Anne Arundel County, Maryland - Home of Fort George G. Meade, Northrop Grumman, BWI and the U.S. Naval Academy

 

Question Mark

How Long Has That House Been on the Market? was asked by Brian Block about a week ago on ActiveRain.  As he says in that post, it's a question that is "topping the heap for homebuyers everywhere".

Many thanks to Brian for allowing me to quote his take on this topic as a guest blogger for Focus On Crofton, and to substitute statistics for Crofton real estate and homes for sale.  A lot of Crofton residents work in Northern Virginia, and I'm sure they will be interested in clicking through on the link to Brian's Northern Viginia and Washington, D.C. Real Estate Blog to read what's happening in that market.

 

CROFTON AREA HOMES ON THE MARKET FOR MORE THAN SIX MONTHS: 

For anyone unfamiliar with Crofton, let me explain that we are located in the middle of a triangle formed by Washington, Baltimore and Annapolis.  With BRAC and military relocation to and from Fort Meade, Andrews AFB, Annapolis Naval Station and the U.S. Naval Academy - not to mention the political turnover that occurs in D.C. every two years - the real estate market here is much better than many other parts of the country.  Davidsonville, Gambrills and Odenton are adjacent to Crofton, and some of our schools, shopping, commuting routes and places of worship overlap, so I am including information about them, as well. 

Unlike Brian's market in Northern Virginia, no homes in Crofton (21114) have been on the market for a year or more, while there are five in Davidsonville (21035) and another five in Gambrills (21054) and Odenton (21113) combined.  However, any homeseller whose property has been on the market for more than six months may be highly motivated to sell now, and there are more than a hundred of those.  In the following chart, statistics are the "average" -

Davidsonville Colonial - photo copyright

DOM over 180

 

 

 

 

CCrystal BallROFTON AREA HOMES CURRENTLY ON THE MARKET:

In Crofton, at this time, there are 137 homes on the market.  The average list price is $401,635, and prices range from $220,000 to $899,899.  Average days on market for all properties is 101.  Average age of homes is 24 years.

76 homes are currently on the market in Davidsonville, with an average list price of $976,708, with the lowest priced at $279,900 and the highest at $2,999,950.  The average days on market for all listed properties is 154 and the average age of these homes is 17.

In Gambrills, there are 67 homes on the market ranging from $214,900 to $2,700,000 with an average list price today of $658,991.  Average days on market is 141 and average age of listed homes is 22.

There are 219 homes currently for sale in Odenton.  The average list price is $364,859, and prices range from $45,000 for a mobile home to $2,100,000.  The average days on market for all listed properties is 99, and the average age of these homes is 12.

Thanks again, Brian, for being a guest blogger for FocusOnCrofton.com.

 

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This infoMargaret Wodarmation was provided to you by Margaret Woda, an Associate Broker with Long & Foster Real Estate in Crofton Maryland. Contact Margaret today for general real estate information or to learn how she can help you buy or sell a home in Annapolis, Bowie, Crofton, Davidsonville, Gambrills, and Odenton. 

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Rainmaker
367,491
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Margaret:  Very organized and easy to read.  The pictures are great, especially the crystal ball.
Feb 08, 2008 05:34 AM #1
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Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Margaret,

 

I'm still learning and this is another great post. I bet the potential buyers find this on google quickly.

Feb 08, 2008 07:28 AM #2
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Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
Margaret- What a great idea to have Brian be a guest blogger on your Crofton blog. Now you can submit your blog to Google news as you must have guest bloggers in order to be considered. Katerina
Feb 08, 2008 04:31 PM #3
Rainmaker
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Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
Margaret, thanks again for choosing my post to be guest-featured on your blog.  I'd love to return the favor in the near future and I'm sure that one of your future posts will provide excellent material.  Or I could just scour through some of your past posts.  Either way, I was honored to be selected by you and hope that the article proves beneficial to your readers.
Feb 08, 2008 10:52 PM #4
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Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Brrian - Very universal topic, and you addressed it so well.  It was more work than I expected on my end, to gather those statistics - you always do such a great job with that.  Thanks again!  Maybe one of my posts will inspire you one of these days - no pressure!  (#4 on the page for a Google search of "Crofton home prices")

Katerina - I thought it might be more "compassionate" to have someone else list those reasons why some people overprice...  a little more objective, and no one in my neighborhood would be paranoid that I was pointing a finger at them.  Now all I have to do is figure out what you're talking about with Google news - 'Bet you wrote a blog about that.

Mike -In a google search for "Crofton real estate prices" and "Crofton home prices", this article comes up 4th on the page.  Not bad!

Donna, I'll send you the picture and you and you can put your own link with it

Cheryl, Brian did a GREAT job on this topic - That's why I asked him to be a guest blogger for Focus On Crofton.  I was forced to do some solid research to go along with his article, and this is the result of that.  In combination with his post, it is good information for local home buyers and sellers.

Feb 08, 2008 11:57 PM #5
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital
Margaret, a lot of agents are focusing on homes that have been on the market for a long time.  Often, time softens up sellers who may have turned down offers in the past.  After three of four months, they are sick of living like neat freaks and being stood up for showings.  Then add to that whatever reason they may want to sell and get on with their lives.  It's a great topic.
Feb 09, 2008 01:02 AM #6
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Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation
Frankly, I've been thinking I should do that
Feb 11, 2008 06:47 AM #7
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