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Home Prices In Pasadena Maryland

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Real Estate Agent with Coldwell Banker Residential Brokerage

Home Prices In Pasadena Maryland

The charts (below) track homes prices in Pasadena Maryland and other leading real estate market indicators for Pasadena. Real estate information like average sales price, pending sales, average days on market, and sold price ratios can help you make market trends your friends so that you never overpay for your next home or ask too little and give it away. These charts for Pasadena are interactive and updated automatically around the 10th of each month.

Homes prices in Pasadena Maryland have recovered from an early slump and stabilized in the second half of 2012. In part this is due to declining inventories and strengthening sale price ratios. These indicators suggest improving real estate conditions for Pasadena. This should be good news for sellers and suggest it might be time for buyers waiting to purchase a home to make a move soon.

Inventory levels have been fallen and increased throughout 2012. The trend appears to be following a typical real estate pattern. Pending sales activity reflects the seasonal nature of real estate where most sales in Pasadena happen in the spring (April, May, June) and slow during vacation (August) and holidays (December). We're seeing the "normal rhythm" of real estate not seen in many years.

 

 

The average sold price to original list price (ASP-to-OLP) has been running closer to 90 percent of original list price is improving. This suggests that sellers could be overpricing their homes, perhaps optimistically based on declining inventory, but buyers are not over paying. Improving price ratios should signal to buyers that homes are priced to market conditions and that sellers are becoming more realistic in their asking prices.

Buyers and sellers might want to request a comprehensive market analysis (sometimes referred to as a "CMA" by real estate professionals) before purchasing a home or listing their property for sale. A market analysis can be useful in both cases but is not a substitute for an appraisal. Any analysis, other than an appraisal, is intended only for the purpose of assisting buyers or sellers in checking the listing, offering or sale price of the real property.

Find homes for sale in Pasadena Maryland

Visit my website to search for homes for sale in Pasadena Maryland or to be notified when Pasadena homes come on the market. Or to find out what your home is worth in the current real estate market e-mail me or call 443-994-8043.

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Stephen Howell, Sales Associate, Coldwell Banker Residential Brokerage, Annapolis, MarylandIf you are interested in buying a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell in Annapolis, Maryland and want a professional consultation on current market conditions, please contact Stephen Howell at 443-994-8043 or e-mail him at showell@liveinannapolis.com or visit his website at LiveInAnnapolis.com.

Stephen Howell came to Annapolis to enjoy the Chesapeake bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis, Maryland. You'll find that with the right professional by your side, you can Live the lifestyle and live, work and play in Annapolis Maryland.

Stephen Howell and Jackson (his hound-mix from the HSSC) maintains residences on the Chesapeake Bay in Annapolis, Maryland and Gulf Coast in Sarasota, Florida. He works in the Annapolis, Maryland real estate market. His website lets people search the Annapolis Maryland area MLS. Buyers can also search for waterfront homes along the Cheasapeake Bay. His website has current real estate data on Annapolis, Maryland.

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