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On the Market in Crofton MD (21114)

Real Estate Agent with Long & Foster Real Estate, Inc.

June 06, 2011 02:16 AM

Lake Louise, Crofton MD - Copyright Margaret Woda

DETACHED HOMES IN CROFTON, MARYLAND (21114)

For Rent:

There are three homes currently for rent in the 21114 zipcode, and all of them are in “Old Crofton”. Prices range from $2,150 – $2,275 per month. When it comes to style, they’re all different: a rancher, split foyer, and colonial – each of them has 3 bedrooms, a fireplace, and a garage, and they’re all within blocks of Crofton Country Club golf course.

For Sale:

Forty-one detached homes are currently on the market for sale in the 21114 zipcode, ranging in price from $295,000 – $689,900. That’s a wide price range, but it covers the entire 21114 zipcode - from homes that 40+ years old to others that are new or nearly new; from homes with fewer than 2,000 sq. ft. to others that have over 4,000 sq. ft.; and everything in between. Only one of these homes is a potential short sale – quite a different (and better) situation than many communities in the area. (Photo: Lake Louise)

For more information about detached homes currently on the market in Crofton, click on the link below. This list is updated daily.

Crofton Homes for Sale

Detached homes for sale in Crofton MD (21114)

The Townes at Walden - Copyright Margaret Woda TOWNHOMES IN CROFTON, MARYLAND

For Rent:

Seven townhomes are currently available for rent in Crofton at this time. Their prices range from $1595 – $1700 per month, and you’ll find them scattered throughout the zipcode. One is located in “Old Crofton” and the others are in Crofton Meadows, Crofton Village or Walden.

For Sale:

Seventy-five townhomes are on the market right now for purchase, ranging from $110,600 – $408,500. These homes range from 4 – 41 years old, 2 -4 bedrooms, and more of them have basements than not. Fourteen of them are located in “Old Crofton” and the others are spread throughout the zipcode. Thirteen of the townhomes currently available in the 21114 zipcode are considered potential short-sales, and a few others are bank-owned.

For more information about townhomes currently on the market in Crofton, click on the link below. This list is updated daily.

Crofton Townhomes for Sale

Townhomes for sale in Crofton MD (21114)

For information about recent home sales in Crofton, click on Crofton Real Estate Market Better in April (2011).

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Mike Jones

SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ

Mike Jones NMLS 223495

Margaret,

As property values have started to stabilize, and with the tighter lending guidelines that the last two years have brought us, rental prices have been rising. I wonder if that's true in your area?

Mike in Tucson

Jun 06, 2011 02:58 AM

Margaret Woda

Long & Foster Real Estate, Inc. - Crofton, MD

Maryland Real Estate & Military Relocation

Mike, it is. I'm surprised to see how much those townhomes are listed for, given the rental prices just a year ago.

Jun 06, 2011 04:44 AM

William Johnson

Retired - La Jolla, CA

Retired

Good morning Margaret, Your rental housing costs seem to be similar to ours. Rents are increasing while the demand is also increasing. With an emphasis shift from home ownership to rental, the average persons' costs of living will rise while the creation of personal equity will wane.

Jun 06, 2011 05:06 AM

William - I'm afraid you're right about that.

Jun 06, 2011 06:16 AM

Beth Larsen

RE/MAX Sedona - Sedona, AZ

Sedona Arizona

Interesting overview of the Crofton MD market Margaret. I also notice that there seem to be more townhomes available both for sale and as rentals. Does that reflect the normal makeup of your market?

The reason I ask is that in our area we experienced an enormous demand for townhomes prior to the bursting of the bubble, then a huge dropoff in that demand afterwards. We have long been a vacation/second home market, and retirees are also drawn here. Townhomes and condos have always been attractive to those segments for their 'lock and leave' ease, but it seems that the more common profile for a second home buyer these days is that they are planning to retire into it in a few years, and are more drawn to single-family homes.

What's the story in your market?

Jun 06, 2011 07:16 AM

Beth, I don't know that I've ever seen an analysis as to how many townhouses there are vs. detached homes in Crofton. I suspect it's close to even. The detached homes are larger and higher priced and there tends to be less turn-over in the detached homes. Townhomes, on the other hand, are smaller and less expensive so they tend to be first homes; many of them turn over after about 2-3 years. This is also the reason we see a larger percentage of short-sales in townhomes.

Crofton is a suburban community, primarily for government employees and support personnel, and people don't generally retire to this area. Once they do retire, they generally move "back home" or to an area with a lower cost of living.

Jun 06, 2011 08:27 AM

Thom Abbott

MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA

Midtown Atlanta GA Condos For Sale

OOOOOOh.....I like this format for a report! My activity is so scary I needed another way to present it. When buildings only have 1 or 2 sales in one month, it' pretty hard to make a graph!

Thanks Margaret and hope you are having a great week!

Jun 06, 2011 04:37 PM

On the Market in Crofton MD (21114)

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Margaret Woda

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Margaret Woda

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