solomons island real estate: Solomons Area Condos - 01/07/18 08:29 AM
Solomons Area Condos - Condominiums have been a very popular option for Solomons area buyers in 2017. The condominiums in the Solomons area are a great way to enjoy affordable waterfront living without the maintenance. These properties offer excellent options for buyers seeking second homes, downsizing and retirement, as well as primary residences for those who enjoy having community amenities without the exterior maintenance responsibilities.
Solomons Landing – 21 sales
Oyster Bay – 5 sales
Windward Harbor – 5 sales
Mill Creek – 1 sale
Click the following link to view the listings:
http://mrislistings.mris.com/DE.asp?ID=77301080023
 
Having assisted sellers and buyers in over 1 / 2 of these condo … (2 comments)

solomons island real estate: Southern Maryland Waterfront - What Type of Property Best Fits Your Needs - 02/08/11 05:03 AM
Southern Maryland Waterfront - What Type of Property Best Fits Your Needs- As we approach the spring and summer season, many are thinking about a possible waterfront purchase. Some important considerations for buyers and sellers with regard to waterfront sales that go beyond the typical concerns of non-waterfront sales:
-LOCATION.  As with any property, location is paramount as to the desirability and price a buyer is willing to pay. Proximity to employment, shopping and restaurants, and, for some, schools that meet the buyers needs are criteria at the top of the list for most any buyer. For waterfront buyers, that criteria has another … (2 comments)

solomons island real estate: Solomons, MD-Solomons Landing - New Opportunity in Maintenance-free, Waterfront Marina Community - 01/24/11 04:33 AM
Solomons, MD-Solomons Landing - New Opportunity in Maintenance-free, Waterfront Marina Community Wow, it has been cold, certainly not as bad as some areas of the country, but it has everyone anxiously awaiting warmer weather and a chance to get back out on the beautiful waters of the Solomons, MD area.
Solomons Landing sales have been brisk in the past 12 months with 11 sales in 2010. This maintenance-free waterfront condominium community offers price points from the low 200's to the mid 400's with many units having waterviews and boat slips. The amenities can't be beat with:
-a marina at the doorstep accessing protected … (2 comments)

solomons island real estate: Calvert County Affordability in Real Dollars - 11/10/10 06:36 AM
Calvert County Affordability in Real Dollars.  With so much discussion about unprecedented affordability, it's easy to get caught up in "yes, 4.375% is a great rate", "yes, home prices have dropped to ________ (substitute local market year) levels". I think it's very important to look at affordability in real dollars.
The chart reflects how much house could be purchased when applying current Calvert County Affordability to prior years. For example, $285,534.03 is the 2009 equivalent of a home selling for $307,000 in 2010, which means $21,465.97 more home can be purchased in 2010. The chart goes back to 2006 - the peak of … (2 comments)

solomons island real estate: Solomons Landing - Year Round Waterfront Enjoyment in Solomons, MD - 11/05/10 11:16 AM
Solomons Landing - Year Round Waterfront Enjoyment in Solomons, MD - Now that the leaves have faded in the mountains, for those who don't want to wait another year for the glorious colors of fall to come again, why not make a trip to Solomons, MD. Most would not think of this area as a destination to check out the fall foliage, but when walking in the community this week it occurred to me that this beautiful community offers a great opportunity to extend the beautiful fall season just a bit longer.
          
Solomons Landing is a gated … (0 comments)

solomons island real estate: Calvert County Home Prices Improve - 10/13/10 01:14 AM
Calvert County Home Prices Improve - The September 2010 data confirms a gradual trend toward price improvement for Calvert County, MD. Cumulative average sales prices for 2010 were off over 30% since the peak prices of 2006 and off over 10% since year end 2009 in April. Data for May through September indicates over 5% improvement since the largest decline(-31.09%) from peak and since April's -10.31% decline from year end 2009. That improvement is also in a consistent range (-25.17- -26.53% since peak, -4.39 - -6.25% since year end 2009) reflecting stabilization and signs that point to the possibility that improvement can be sustained.
In contrast, recent news … (2 comments)

solomons island real estate: I'm Going to Wait Until ..... (Part Four) - 09/28/10 09:38 AM
I'm going to wait until..... (Part Four)  This is the fourth of a series on the cost of waiting to buy.For those thinking about waiting, please consider this if prices increase:
Using a sales price of $312,500 that runs in the range of recent Calvert County monthly averages and a loan amount of $250,000 (80% LTV for a conventional loan), the mortgage payment at 4.5% for 30 year fixed, with $3000 yearly taxes, and $600 year insurance, the payment is $1566.
If the interest rate moves up just .25% to 4.75% and home prices increase 2.5%, in this case to $320,312, a … (2 comments)

solomons island real estate: I'm going to wait until..... (Part Three) - 09/28/10 09:35 AM
I'm going to wait until ..... (Part Three) "I THINK PRICES WILL DECLINE FURTHER" Even if they do, it still could cost a buyer considerably more.
If renting, the buyer continues to pay the landlord's mortgage - plain and simple - and continues to have nothing to show for that huge monthly outlay.
But the most important factor to consider - interest rates. If prices decline 5%  and rates increase by just .5%, the $1575 monthly payment  on $237,500 ($312,500 at a 5% decrease is $296,875, $237,500 is 80%) at 5% (vs. the $1566 4.5% on $250,000) will cost the buyer another $756 over … (0 comments)

solomons island real estate: I'm going to wait until ..... (Part Two) - 09/28/10 09:26 AM
I'm going to wait until..... (Part Two)  SPRING - a common statement, hear it all the time. For those who are thinking about waiting until spring, here are the considerations with that.
Sellers typically try to get more (price increases) for their homes at the start of the spring market. With interest rates in the mid 4% range, it's pretty uncertain how long rates will stay at this level and bears a close look at what it means when rates increase AND if prices increase as well. 
For those who are selling and hoping to get more for their home in the spring … (0 comments)

solomons island real estate: I'm going to wait until ..... (Part One) - 09/28/10 09:24 AM
I'm going to wait until ..... (Part One) I have heard this more times than I can count lately despite efforts to explain how home affordability is at record levels.  Now, I certainly understand situations where buyers may be concerned about job loss, as current unemployment rates are a very real and valid concern.  For those whose reasons are not driven by concern about job loss and have been or thinking about actively looking, I am going to "put the numbers to it" - they don't lie.
I'm going to wait until..... "whenever" -insert timeframe as applicable. For those thinking about waiting, … (1 comments)

solomons island real estate: Solomons Island, MD - October Solomons Island Events - 09/27/10 04:59 AM
Solomons Island, MD - October Solomons Island Events - Solomons Island is a great place for a quick fall getaway with a full schedule of events that you won't want to miss. Solomons Island is less than 1 hour from the D.C. metropolitan area with great restaurants, shopping, bed and breakfasts and hotels offering great weekend accomodations. You will want to check out the October Solomons Island Events schedule:

October 2-3, 2010Solomons Offshore Grand Prix presented by Bayside Toyota/ChevroletThe OPA National Championship Race comes to the waters off Solomons Island. This exciting event is  presented by Bayside Toyota/Chevrolet, Chesapeake Bay … (0 comments)

solomons island real estate: The Green Book - 08/12/10 06:08 AM
The Green Book. The Red Green Book. Let me explain. It started out as the Red Book. I worked for a Savings and Loan in the early 80's - yes, just as the wheels were coming off with that. At the time I worked as a secretary (are there even secretaries anymore?) for the chief financial officer. One of my daily duties - first thing every morning - was to put entries in the Red Green Book - deposit balances, etc. - that were then reviewed by the officers of the Savings and Loan.
Now in the early 80's those numbers were not … (0 comments)

solomons island real estate: Solomons, Maryland - Record heat continues. - 06/27/10 03:11 PM
Solomons, Maryland - Record heat continues. Quite a heat wave we are having here - close to 100 the past three days. It seems like I was just blogging about blizzards. Although 100 degree temperatures  at some point throughout the summer are not uncommon in Calvert County, I guess we were spoiled the last two summers by being spared this discomfort.
In Solomons, and for that matter all of Calvert County and Saint Mary's County, we are  just minutes away at any point from enjoyment of the beautiful  waters of this area. These pictures of Solomons sure are a refreshing look … (2 comments)

solomons island real estate: Solomons Island, MD / Solomons Landing - Perfect Weekend Getaway within Commuting Distance to DC Metro Area - 05/26/10 03:01 AM
Solomons Island, MD / Solomons Landing - Perfect Weekend Getaway within Commuting Distance to DC Metro Area - Solomons Island is a great weekend or daytrip getaway for those who find the beach/Bay Bridge traffic or mountain bound Rt. 70 traffic to not exactly be their idea of the way to relax.
A prime location for boaters and fishermen, Solomons Island is located at the Chesapeake Bay and mouth of the Patuxent River directly accessing the protected Back Creek, Mill Creek and St. John's Creek.

Solomons Island offers great restaurants and shops, as well as the educational programs and waterfront … (1 comments)

 
Susan Thompson-Solomons, Southern MD Real Estate-Solomons Specialist (Berkshire Hathaway Home Services McNelis Group Properties)

Susan Thompson-Solomons

Southern MD Real Estate-Solomons Specialist

Solomons, MD

More about me…

Berkshire Hathaway Home Services McNelis Group Properties

Address: 14488 Solomons Island Road, P.O. Box 92, Solomons, MD, 20688

Office: (410) 707-6265

Mobile: (410) 394-0990

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