Glen Burnie and Anne Arundel County, Maryland - Market Update for the Week Ending October 16, 2010
There are fewer new listings every day as the fall moves along, to look for open houses in the Glen Burnie or Anne Arundel County area check them out on http://www.advancerealtyaa.com/openhouse The Anne Arundel County real estate market remains strong is seeing an increase in the number of homes going under contract and sold. There are fewer foreclosed homes this week than last. Additionally, the number of days on the market is getting shorter. There has been a significant increase in the number of foreclosed homes on the market this week. Interest rates are still the lowest they've been in decades, however, there are rumors that the rates will be going up soon. The number of new listings has stabilized and the number of sales has dropped slightly following the end of the tax credit. Certainly the number of inquiries has dropped off and the number of calls to our office has slowed. Overall, there has never been a better time to buy a home, than right now. Even though the tax credit time is over for most buyers, there is still time for some qualifying military buyers. There are also some great home buyer assistance programs for first time home buyers to purchase a home in Glen Burnie and in the rest of Maryland. If home buyers want to buy a home, there are ways for them to do so.
These figures are taken directly from our MRIS system and are believed to be accurate.
Glen Burnie, MD
New Listings 19 (decrease of 11 from last week)
Under Contract 11 (no change from last week)
Settled Sales 6 (decrease of 1 from last week)
32 foreclosed homes for sale
Anne Arundel County
New Listings 150 (decrease of 34 from last week)
Under Contract 100 (decrease 5 from last week)
Settled Sales 70 (increase of 17 over last week)
188 foreclosed homes for sale.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Professionals Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2010 Advance Realty Professionals Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Professionals Inc. will waive the admin fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.