real estate market assessment: Real Estate Market Review - August 2010
- 08/16/10 05:08 AM
World's Most Expensive Home - $220 Million Penthouse The $150 million price tag for Candy Spelling's 123-room megamansion has been surpassed by a six-bedroom property in London. For the rest of the story click here. Market Assessment, Anne Arundel County, July 2010 Total Sales Volume was down 27.2% July over June and down 7.5% July 2010 over 2009. The Average Sale Price was up 3.2% July over June and up 9.9% July 2010 over 2009. To know which way the real estate market is headed, read the latest Market Assessment, Anne Arundel County, July 2010. Before You Buy Your Next Home … (1 comments)
real estate market assessment: Real Estate Market Review - July 2010
- 07/18/10 07:25 AM
Real Estate Market Conditions - When Price Doesn't Overcome All Objections I remember an occasion early on in my real estate career when I was getting ready to meet with sellers who's home hadn't sold. It was after the office closed but there was another agent besides myself still working. The sellers had come in and we were talking about why they hadn't had an offer. There had been plenty of showings, but no offers, not even a bad offer. For the rest of the story click here. Market Assessment, Anne Arundel County, June 2010 Total Sales Volume was up 29.9% … (0 comments)
real estate market assessment: Market Assessment - November 2009
- 12/13/09 12:45 AM
The November 2009 data is now available at MRIS.com for Anne Arundel County, Maryland and other metro-Washington and metro-Baltimore counties. To quickly summarize the November data, the average sale price fell by 11.17% while the dollar volume was up 54.62% from this time last year, while month over month was down 11.9%. The likely cause of this is the first-time home buyer credit of $8,000 bumped up the October sales both year over year and month over month. Remember, this time last year we were deep into the housing crisis with little to no activity in the real estate market. What a … (3 comments)
real estate market assessment: Market Assessment - Market Shift Ahead?
- 02/06/09 09:32 AM
By the end of last year most real estate was in rough shape. Volume and units in January for Anne Arundel County were down 32% from December 2008. This comes as no surprise to anyone buying or selling real estate. While inventory levels and prices seem to have stabilized they are off 10% from this time last year. Market conditions may start to level out. When looking up from the bottom of the trough one can either complain about how far the market has fallen or how much the market could go up on the next wave. The Baltimore Metro Home Price Index … (0 comments)
real estate market assessment: Market Assessment - No Relief in Sight
- 01/13/09 04:27 AM
The New Year is finally here! Hurray! Unfortunately there really is not much to cheer about. Although 300-plus homes did sell in Anne Arundel County in December, sales volume is off 23.7% and sales units is off 13.0% from this time last year. In Annapolis only about 45 homes sold in December, sales volume and sales units are off 39.3% and 26.2% respectively from last year. The Baltimore Metro Home Price Index for December 2008 was down 2.2% from November and down 6.2% from December last year. The Anne Arundel County index was down 3.4% from the November and down 8.9% … (0 comments)
real estate market assessment: Market Assessment - No Relief in Sight
- 12/04/08 09:41 PM
With no relief in sight anytime in the immediate future, the government continues to flounder in its attempt to resolve the current economic crisis. Bailouts, stimulus packages, and the recession are topics of casual conversation both at home and at work. Financial gridlock could be a better term to describe the current situation.
The Baltimore Metro Home Price Index for November 2008 was down 0.8% from the month prior and down 1.7% from this time last year. The Anne Arundel County index was down 2.0% from the month prior and down 7.4% from this time last year. And, the Annapolis … (0 comments)
real estate market assessment: Have We Reached a Tipping Point?
- 11/10/08 11:13 PM
The evening of November 4th was a historic night. The new President-elect faces a daunting array of challenges. One of the most important will be to halt the falling tide of home prices. More and more Americans face declining home values, overwhelming mortgage payments, and the real possibility of foreclosure. Will President-elect Obama be able to turn the tide and stop America slipping from recession into a depression? The Baltimore Metro Home Price Index for October 2008 was down 1.7% from the month prior and down 1.8% from this time last year. The Anne Arundel County index was down 1.2% from … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 10/13/08 10:54 AM
For the sixth month in a row, inventory levels remain above the 4,500 level. In September the number of active units in Anne Arundel County trended down 1.1% and was down 2.0% from last year. The average sold price was $403,687 and was down 8.5% from last year. The pending transaction to active listings ratio was 9.5% up from 9.2% last month. In Anne Arundel County in September the total sold volume was down 3.9% from August. The average sold price in September was up 7.3% from August. The number of homes sold in September was down 10.4% from August. And, … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 09/16/08 11:16 AM
While summer turns fall without fail, there is no sign of change in the local real estate market. Although outdoor temperatures are not nearly as chilly as sellers think, buyers have rarely enjoyed a better climate. Buyers have the upper hand with little competition, lots of inventory to choose from, and government sponsored incentives to name just a few. In Anne Arundel County in August the total sold volume was down 30.8% from August 2007. The average sold price was down 5.0% from last year. The number of homes sold was 27.1% from last year. The average days on market was … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 08/19/08 11:49 PM
For the fourth month in a row, inventory levels were above the 4,500 level. In July the number of active units in Anne Arundel County trended down 0.6% but was up 9.1% from last year. The average sold price dropped below $400,000 and was down 8.5% from last year. The pending transaction to active listings ratio was 9.8% - about the same as last month but down 30.8% from last year. So, how much worse will it get? Well, that's anyone's guess. In Anne Arundel County in July the total sold volume was down 20.0% from June. The average sold price … (0 comments)
real estate market assessment: Housing Stimulus Bill Passed on 7/30
- 08/04/08 01:10 AM
On July 30th the President signed into effect the "Housing and Economic Recovery Act of 2008" without much fanfare from the Whitehouse or the Press. I don't even remember hearing anything about it on CNN or any other network news shows. So, what's the big deal? Well, maybe there is no big deal for homeowners or elected officials. What provisions of the Housing Stimulus Bill might impact you whether selling or buying? First there is GSE (Government Sponsored Enterprises like Fannie Mae and Freddie Mac) and FHA Reform making permanent conforming loan limits up to $417,000 or 115% local area median … (0 comments)
real estate market assessment: Real Estate Market Assessment - Annapolis, Maryland
- 07/15/08 06:08 AM
The buyers' market continues with no cooling in sight. Sellers, now facing the dog days of summer, are likely to see the inventory level reach new highs and falling prices hit new lows with no relief in sight. In Anne Arundel County in June the total sold volume was down 31.8% from June 2007. The average sold price was down a modest 3.3%. The number of homes sold was down 29.4% and the average days on market was up 28.5%. There were 477 units sold in Anne Arundel County in June 2008, up from 407 units sold in May. The number … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 07/02/08 07:57 AM
More of the Same for 12 to 18 More Months The current real estate market is likely to continue to remain the same for the next six to twelve months. After the upcoming election it may take six to twelve months for the new President to implement policies that will have an impact and stopping the recession if we haven't plummeted into a depression before then. After the election, consumer confidence may return, but, not until oil prices ease (which are a large component of everything we purchase, from food to fuel). It is difficult to imagine that conditions are going … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 06/17/08 03:06 AM
Active inventory continues to increase, while new listings continue to decrease and pending sales also decline. The trend established more than two years ago continues. Pending sales declined 22.6% from this time last year. While new listings declined 23.8% from last year and active listings were up 4.3% over May 2007. In May 2008, the ratio of active listings to pending sales was 11.0%, only a slight change from April when the ratio was 11.1%. The ratio was 14.8% in May 2007, 20.7% in May 2006, and 67.3% in May 2005. The declining ratio indicates that buyers perceive the real estate … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 05/18/08 03:08 AM
In April 2005 in Anne Arundel County the ratio of pending sales to active listings was 65.8%. In April 2007 the ratio was 11.1%. This ratio has been on the decline for the past three years. However, it appears that the ratio has bottomed out and is now nearly level for six out of the last nine months. So, we may be at the bottom of the real estate market. What has to happen before this ratio will start to improve? Prices will have to come down to the tipping point where buyers once again see value in the real estate … (0 comments)
real estate market assessment: Real Estate Market Assessment
- 02/16/08 07:28 AM
While sellers wait for the housing market to thaw, buyers remain in hibernation. Will the spring market ever arrive? The housing slump isn't over yet and prices are likely to continue to tumble for the foreseeable future. However, market indicators are promising. Inquiries are up. Showings are up. Units Sold are down. Pending Sales are down. While these are only anecdotal observations, they are excellent predictors of next month's sales. While the Average Sold Price is up across Anne Arundel County and Annapolis by nearly five percent, Units Sold is off thirty-five and forty-two percent respectively from last month! Supply and … (0 comments)
World's Most Expensive Home - $220 Million Penthouse
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