southern maryland real estate: Saint Mary's County Real Estate Prices 2023 Year to Date
- 06/27/23 02:40 PM
As we approach the last month in the first half of 2023, here is a snapshot of Saint Mary's County Real Estate prices. There is positive news in Saint Mary's County pricing, with median prices reflecting increases. The median sales price is a particularly meaningful benchmark, as opposed to average sales prices, when considering that inventory is limited, but average sales prices in the county indicate stability.
May 2023 median sales price - $400,000
April 2023 median sales price - $385,245
January 2022-December 2022 median sales - $375,000
May 2022 median sales price - $383,293
May 2023 average sales price - $397,590
April 2023 average sales price … (2 comments)
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southern maryland real estate: The Appraisal and the Sales Contract
- 06/07/23 03:18 PM
When there is financing for a contract, there will more than likely be an appraisal required by the lender. Contracts in 2020, 2021, and early 2022 may have had addenda where buyers agreed to make up the differences due to buyers agreeing to prices higher than asking should the home not appraise. These addenda are not as likely now due to shifts in the market due to increased interest rates which means that sellers must incorporate the possibility of whether the home will appraise into their strategy.
Among the questions sellers should be asking potential agents when listing their property, is how … (0 comments)
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southern maryland real estate: Selling a Home With a Condo or Homeowners Association
- 02/20/23 07:59 AM
As with any home sale, sellers should select an agent that is knowledgeable about their community, however, knowledge of condo and homeowners associations and community amenities is very important to a successful sale where applicable.
Buyers will likely have many questions that the listing agent should be prepared to answer prior to contract which will prevent issues mid-contract and give buyers confidence.
Some examples of important considerations for sellers as to how the lifestyle for their home is presented with the listing are:
- How much are the fees and what services and amenities are covered by the fees?
- Parking - how many parking … (3 comments)
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southern maryland real estate: Termite and Pest Control and the Sale of Your Home
- 02/13/23 01:25 PM
We recently found evidence of mice having a snack fest in our pantry which resulted in a call to our pest control professional. When he came to assess the situation, he also checked for other potential pest issues and wouldn't you know it when checking outside for potential areas the mice were getting in found that there were some live termites when digging around the foundation. We know to look for tubes on the foundation and have monitored from that aspect. Fortunately there are no tubes and hence no termite damage to the house.
This revelation, however, got me to thinking about … (4 comments)
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southern maryland real estate: Point A to Point B - Being Ready to Sell and Buying Your Next Home
- 05/13/21 09:18 AM
The past year has exposed major shifts in the real estate market with consumers considering moves with reasons for those moves being very different from previous years. In the past relocation for jobs, retirement, and being closer to family have been common reasons for moving. Those reasons are certainly relevant in this market, but in the past 14 months, living space desires have seen considerable changes, as well as working at home has revealed that “get-a-way” type properties are viable full time living options, and are major additional factors driving the real estate market. Continued low interest rates also have contributed … (0 comments)
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southern maryland real estate: Upgrades Among Pandemic Buyer Must Haves
- 05/10/21 11:47 AM
The Pandemic has undeniably changed the real estate market in ways that no one anticipated affecting buyer preferences. With so many working from home and learning virtually in various combinations, the obvious result has been buyers wanting larger homes with spaces to accommodate the flexibility needed for that functionality. The popularity of open floor plans has shifted somewhat to more specific living, working, and learning spaces.
Interestingly, due to more time being spent at home, buyers are looking for luxuriously appointed areas of the home, kitchens and baths in particular. First, buyers seek the upgrades to make their lives more comfortable and … (1 comments)
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southern maryland real estate: Solomons Area Waterfront Townhouse-14174 Foxhall Road
- 06/13/19 06:35 AM
Solomons Area Waterfront Townhouse-14174 Foxhall Road -
14174 Foxhall Road, Windward Harbour
… (19 comments)
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southern maryland real estate: Thoughts on Common Seller Maintenance Resale Issues
- 02/08/19 12:51 PM
Thoughts on Common Seller Maintenance Resale Issues
Some home inspection issues that can substantially impact contracts that sellers should be prepared for. Two issues that are currently prevalent:
HVAC systems – Buyers are focusing on age and maintenance records for HVAC systems. Sellers should be able to provide maintenance records for buyers. Ideally, HVAC systems that have been on a maintenance plan is attractive to buyers. A home warranty is also attractive, particularly when the HVAC system is older, to alleviate buyer concerns with the expense of repair or replacement within the first year of purchase.
Smoke Alarms - Effective January 1, 2018, no … (0 comments)
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southern maryland real estate: Co-Signors and Gift Letters – Impact on the Real Estate Transaction
- 02/01/19 03:26 PM
Co-Signors and Gift Letters – Impact on the Real Estate Transaction
Saving for a downpayment and closing costs is often very challenging for first time homebuyers. Income levels, as well as school loans, often affect a first time homebuyer’s ability to qualify for a mortgage, necessitating financial help with a home purchase. Depending on the loan program, buyers may be able to get assistance with their purchase if they have a co-signor or a gift.
The buyer who needs to have a gift or co-signor needs to realize that the lender will require documentation for the financial ability of the donor to make … (1 comments)
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southern maryland real estate: Solomons Landing-1352 Schooner Loop, Solomons, MD 20688
- 06/05/18 04:30 AM
Solomons Landing-1352 Schooner Loop, Solomons, MD 20688 - This former model with beautiful upgrades features wood floors and a gourmet kitchen with upgraded cabinetry, granite, island, gas cooking and more is the perfect island living option. The spacious deck in a wooded setting accesses the kitchen and 3rd bedroom/den offers extended outdoor living. The condo conveys with multiple slips that offer a unique possibility to have a large slip with modificaiton. Enjoy great community amenities and Solomons conveniences and attractions - less than 1 hour from the DC beltway and no Bay bridge.
1352 Schooner Loop, Solomons, MD 20688 - Solomons Landing
… (5 comments)
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southern maryland real estate: St. Marys County 1st Quarter Real Estate Market
- 04/12/18 11:24 AM
St. Marys County 1st Quarter Real Estate Market
The St. Mary's County median sales price statistics reflect positive momentum. Market statistics are included here:
St. Mary’s County Market Update
Median sales price YTD 1st Quarter 2018 - $252,900, up 4.5% from Median February 2017 - $242,000
Median sales price for year 2017 - $274,950
Source: SmartCharts MarketStats by Showing Time, MRIS
Click here for more information on St. Mary's County Real Estate
… (0 comments)
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southern maryland real estate: Solomons Area Condo - 502 Runabout Loop, Solomons Landing
- 04/12/18 05:21 AM
Solomons Area Condo - 502 Runabout Loop, Solomons Landing - Enjoy the water view and island lifestyle in this great Solomons Landing condo. The fantastic screened deck overlooks the water and is accessed by the open main living area and owners suite. The unit is conveniently located in the Estuary building next to the marina. Perfect weekend getaway in DC metro area.
502 Runabout Loop, Solomons, MD 20688
… (1 comments)
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southern maryland real estate: Downsizing Soon?
- 04/06/18 06:05 AM
Downsizing Soon? Possibly downsizing is something you are considering in the near future. Less maintenance and less expense in a home can be very appealing, but you may want to take some other things into consideration to make a downsizing transition that you are happy with.
- One of the first things to consider is your belongings. How are you going to minimize your possessions? You will want to do this in a way that your new home feels like home and that you haven’t made a sacrifice that you can’t live with.
- Make sure your new home meets your household size … (2 comments)
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southern maryland real estate: Solomons Area - 380 Gideon Lane, Dowell, MD 20629
- 03/06/18 05:39 AM
Solomons Area - 380 Gideon Lane, Dowell, MD 20629 - This beautifully appointed home located close to Solomons is the perfect size for buyers seeking a manageable home and lot size to maintain with 1st floor bedroom and full bath. The kitchen features gas cooking, double ovens, granite surfaces, and a large island with seating area. Relax by the gas fireplace in the open concept main living area. Enjoy extended outdoor living space on the large deck overlooking woods. Buyers who desire a 55+community without HOA fees with nearby Solomons conveniences will love this home!
380 Gideon Lane, Dowell, MD 20629
Please contact me for Solomons area real estate … (2 comments)
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southern maryland real estate: Calvert County Market Update
- 02/18/17 07:25 AM
Calvert County Market Update
The 2016 median sales price for Calvert County is $286,500, vs. the 2015 median of $285,000 – improved .5%. Properties are selling – the number of closed sales is up 16.4% in 2016 vs. 2015.
2017 is off to a good start with the number of closings up 33.3% January 2017 vs January 2016. The year to date median sales price for January 2017 is also up .5% vs January 2016.
Sellers have less competition with 495 active listings as of the end of January 2017, vs 626 in January 2016, which is also substantially lower than the 5 year … (3 comments)
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southern maryland real estate: Solomons Waterfront Condos-Oyster Bay
- 06/27/16 11:08 PM
Solomons Waterfront Condos-Oyster Bay - It's always a pleasure for me to share the Solomons, Maryland area. This waterfront condominium community offers great amenities and convenience to shopping, restaurants and other conveniences, as well as charming Solomons and other nearby Southern Maryland attractions. Enjoy the maintenance free waterfront lifestyle and these Oyster Bay amenities and area recreational activities and attractions.
JUST LISTED - 921 Oyster Bay Place, Dowell, MD 20629 - Oyster Bay
Oyster Bay Amenities
Marina Community
Community Pavilion
Lifeguarded Pool
Tennis and Pickleball Courts
Fitness Center
Attractive Common Areas to Enjoy Waterfront Living
Other amenities covered in monthly condo fee:
Exterior Building Maintenance, Master Policy, Landscaping, … (0 comments)
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southern maryland real estate: Calvert County Home Price Updates
- 02/18/14 03:56 AM
Calvert County Home Price Updates - Home prices continue to make headlines in the news. In many markets there is marked improvement, but it is important to have localized knowledge of housing prices when making real estate decisions.
Calvert County - Average median sales prices and average sales prices are improved in Calvert County, with 2013 median sales prices($297,50) up 3.88% and the average sales price($321,844)showing a 3.81% increase. The January median sales price for 2014($270,000) vs. 2013($254,950) for Calvert County is improved by 5.9%. Although these prices lag behind the overall 2013 median for the year, it does reflect a stronger … (0 comments)
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southern maryland real estate: Picture, Picture-Very Telling about Southern Maryland, MD Real Estate
- 02/04/14 12:58 AM
Picture, Picture-Very Telling about Southern Maryland, MD Real Estate - It's no secret that pictures and presentation are important on the internet. Buyers form impressions about a property immediately - good and bad, depending on the pictures, among other factors such as description or property detail. Pictures are important to marketing - we all know that. It's important to buyers, but also to sellers so they can determine if their property will be well presented and attract a buyer.
Pictures are important in other ways to the process, too - namely the lender and even the appraiser when doing research. When speaking with … (0 comments)
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southern maryland real estate: Calvert County Real Estate Prices YTD 2013
- 06/10/13 01:23 AM
Calvert County Real Estate Prices YTD 2013 - Calvert County prices continue to trend up when comparing this point of 2012 vs 2013 - Up 7% when comparing YTD Calvert Median Sales price May 2013, $280,299 vs YTD May 2012, $262,000.
The Calvert County median sales price for all of 2012 was $286,400, 2.65% higher than the $279,000 2011 median. While the current median sales price is lower than 2012 median, it is important to consider that the first 5 months of this year are looking better than 2012 and with that trend sets the pace to end up above 2012 for … (0 comments)
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southern maryland real estate: Southern Maryland Home Prices Show in Improvement in 2012
- 01/21/13 10:45 PM
Southern Maryland Home Prices Show in Improvement in 2012 - Home prices are showing improvement in many areas throughout the country with prices in Calvert County and St. Mary's County in Southern Maryland reflecting improvement trending as well.
Southern Maryland Median Sales Prices in 2012
Calvert County +2.8%
$286,400 2012 vs $278,500 in 2011
St. Mary’s County +6.4%
$275,000 2012 vs $258,500 in 2011
(Source RBI Intel)
Please contact me for more information on Calvert County real estate and Saint Mary's County real estate.
Professional real estate services provided for Southern Maryland. Search for your new home and … (0 comments)
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As we approach the last month in the first half of 2023, here is a snapshot of Saint Mary's County Real Estate prices. There is positive news in Saint Mary's County pricing, with median prices reflecting increases. The median sales price is a particularly meaningful benchmark, as opposed to average sales prices, when considering that inventory is limited, but average sales prices in the county indicate stability.
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