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Pasadena MD Real Estate - Status for Week Ending 01/30/10

By Richard Iarossi

Real Estate Agent with Coldwell Banker Residential Brokerage 531132

January 31, 2010 12:24 PM

Pasadena, MD, added 12 new active listings to the current inventory last week. The least expensive was a detached 3 bedroom, 1 bath detached home located in Green Haven, and listed for $184,900. Pasadena, MD, has an active real estate market for people looking for a water oriented community.

Pasadena, MD rental market is also very active. 5 new rental listings came on the market, and applications were registered for 1 of the current rental inventory.

10 properties moved or changed status into some sort of Contract status, while 4 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future.

While only two listings expired last week, 12 were withdrawn by the sellers.

If you're looking to purchase or sell a home in Pasadena, MD, or the surrounding area, I can help.

New ACTIVE Listings	12
New RENTAL Listings	5
Listings marked CNTG/KO	2
Listings marked CNTG/NO KO	3
Rental Application Registered	1
Listings marked CONTRACT	5
Listings marked SOLD	4
Rentals marked RENTED	4
Listings TEMP OFF MARKET	3
Listings marked EXPIRED	2
Listings marked WITHDRAWN	12

The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:

ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
SOLD: - Indicates that the property is sold and settled.
RENTED: - Indicates that the property has been rented.
TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
EXPIRED: - Indicates that the listing agreement has expired.
WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.