Waterfront Steals and Deals — Annapolis Maryland Luxury Homes and Waterfront Real Estate Information

What Are Waterfront Homes Selling For In Annapolis Maryland – December 2011

December 25th, 2011 · Market Assessment, Waterfront Real Estate

Do you want to know what waterfront homes are selling for in Annapolis Maryland? If so, then you’re in the right place! You’ll find answers to questions like:

How do actual selling prices compare to listing prices for Annapolis waterfront homes?
How many unsold waterfront homes are there in Annapolis Maryland?
How long are waterfront homes on the market in Annapolis Maryland?
Is it a buyer’s market or seller’s market for waterfront homes in Annapolis Maryland?

Annapolis Maryland is located on the Western shore of the Chesapeake Bay in central Maryland. Annapolis is the capital of Maryland. It is also home to St. Johns College and the United State Naval Academy. Annapolis is within easy commuting distance of Baltimore and Washington DC. Top government agencies and facilities like Fort Meade and NSA are located near Annapolis. Annapolis is also home to Anne Arundel County Medical Center; one of the areas best and fastest growing medical centers. And, located only a short drive from Annapolis Maryland is the Baltimore Washington International airport, better known as BWI. There many waterfront neighborhoods along the Chesapeake Bay, the Severn River, the South River, Spa Creek and Back Creek. Many waterfront communities offer non-waterfront residents water access, community piers and boat moorings.

Annapolis Roads, Atlantis, Bay Ridge, Cape St Claire, Cape St John, Chesapeake Harbour, Eastport, Hillsmere Estates, King James Landing, Oakwood, Severn Grove, Sherwood Forest, Southaven, St Margarets, The Point, Tydings On Bay, Weems Creek are just some of the sub-divisions and neighborhoods where waterfront homes have sold in the last 90 days in Annapolis Maryland.

Luxury Annapolis Waterfront Home

Start searching today among the Waterfront Homes for sale in Annapolis Maryland for your perfect place to live.

There are 131 waterfront homes for sale today Annapolis Maryland. The average asking price is $1,548,637 and they have been on the market an average of 249 days. The minimum asking price for waterfront homes is $224,900 and a maximum asking price of $15,000,000.

The chart (below) tracks “New Pendings” for homes (waterfront and non-waterfront) in Annapolis in zip codes 21401, 21403, and 21409 and shows the number of new contracts ratified each month. This is the best indication of the direction of the market.

There are 17 waterfront homes in Annapolis Maryland under contract today. The average asking price is $1,492,462 and they were on the market an average of 214 days. The minimum asking price for waterfront homes under contract is $299,900 and a maximum asking price of $6,495,000.

In the last 90 days there were 27 waterfront homes sold in Annapolis Maryland. The average list price was $1,093,018 and they were on the market for an average of 170 days. The minimum list price for sold listings was $290,000 and a maximum list price of $4,925,000.

The average sold price for waterfront homes sold in Annapolis Maryland was $288,000 for a 83.46% sold-to-list ratio off their original list price. The minimum sold price was $288,000 and a maximum sold price of $4,550,000. The average seller subsidy paid at settlement was $3,097 and a maximum subsidy of $26,300.

With only about 9 waterfront properties in Annapolis Maryland selling each month, there is slightly more than a 14 month inventory of waterfront homes for sale. When inventory drops below six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. This remains a remarkable time for highly qualified buyers to consider purchasing their first waterfront home in Annapolis Maryland, weekend home, vacation home, or waterfront investment property in Annapolis.

The chart (below) tracks “Average Sale Price” and shows the monthly average price at which homes (both waterfront and non-waterfront) are selling in Annapolis Maryland.

The chart (below) tracks “Average Days On Market” and is good indication as to whether this is a “buyer’s market” or a “seller’s market” (and includes both waterfront and non-waterfront homes).

The chart (below) tracks “Average Sold to OLP Ratio” and shows discount at which Annapolis Maryland homes are selling for as a percentage of their original listing prices.

While all of these indicators are important, the best way to determine the value of waterfront homes in Annapolis Maryland is a thorough market analysis. If interested, please contact for a no obligation competitive market analysis of your home’s value in today’s real estate market.

Start your search to find your Annapolis Maryland waterfront dream home here.NOTICE: All data as of December 25, 2011. The charts included track one or more leading market indicators, are updated on or about the 10th of every month, and are interactive (so go ahead and click on them!). Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

About the Author:

Stephen Howell, Associate Broker, Coldwell Banker Residential Brokerage, Annapolis, Maryland If you are interested in buying or renting 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 or lease in Annapolis, Maryland and want a professional consultation on current market conditions, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

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Stephen Howell came to Annapolis to sail the 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. You’ll find that with the right professional by your side, you can Live the Lifestyle and Live in Annapolis.

Stephen Howell and Rocky (his lab-mix from the SPCA of Anne Arundel County in Annapolis) live on the Chesapeake Bay near Annapolis, Maryland. He works in the Annapolis real estate market. His website lets people search the Washington and Baltimore metropolitan area MLS. Buyers can also search for waterfront homes along the Chesapeake Bay. His website has current real estate data on Annapolis, Anne Arundel County, and Maryland.

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What Are Waterfront Homes Selling For In Anne Arundel County Maryland – December 2011

December 24th, 2011 · Market Assessment, Waterfront Real Estate

Do you want to know what waterfront homes are selling for in Anne Arundel County Maryland? If so, then you’re in the right place! You’ll find answers to questions like:

How do actual selling prices compare to listing prices for Anne Arundel County waterfront homes?
How many unsold waterfront homes are there in Anne Arundel County Maryland?
How long are waterfront homes on the market in Anne Arundel County Maryland?
Is it a buyer’s market or seller’s market for waterfront homes in Anne Arundel County Maryland?

Anne Arundel County Maryland is located on the Western shore of the Chesapeake Bay in central Maryland. Anne Arundel County is within easy commuting distance of Baltimore and Washington DC. Top government agencies and facilities like Fort Meade and NSA are located in Anne Arundel County. The county is also home to Anne Arundel County Medical Center; one of the areas best and fastest growing medical centers. And, located in Northern Anne Arundel County Maryland is the Baltimore Washington International airport, better known as BWI. There many waterfront neighborhoods, homes with water views, and most communities offer residents water access and many have communities piers and boat moorings.

Annapolis, Arnold, Churchton, Crownsville, Deale, Edgewater, Pasadena, Riva, Severna Park, Shady Side are just some of the cities and towns where waterfront homes have sold in the last 90 days in Anne Arundel County Maryland.

Start searching today among the Waterfront Homes for sale in Anne Arundel County Maryland for your perfect place to live.

There are 366 waterfront homes for sale today Anne Arundel County Maryland. The average asking price is $1,183,065 and they have been on the market an average of 308 days. The minimum asking price for waterfront homes is $159,900 and a maximum asking price of $15,000,000.

The chart (below) tracks “Sold Listings” and “New Pendings” for homes (waterfront and non-waterfront) in Anne Arundel County and shows the number of sales and contracts ratified each month. This is the best indication of the direction of the market.

There are 47 waterfront homes in Anne Arundel County Maryland under contract today. The average asking price is $1,131,939 and they were on the market an average of 217 days. The minimum asking price for waterfront homes under contract is $189,900 and a maximum asking price of $6,495,000.

In the last 90 days there were 69 waterfront homes sold in Anne Arundel County Maryland. The average list price was $934,965 and they were on the market for an average of 140 days. The minimum list price for sold listings was $147,000 and a maximum list price of $4,925,000.

The average sold price for waterfront homes sold in Anne Arundel County Maryland was $848,794 for a 80.54% sold-to-list ratio off their original list price. The minimum sold price was $125,000 and a maximum sold price of $4,550,000. The average seller subsidy paid at settlement was $3,206 and a maximum subsidy of $36,500.

With only about 33 waterfront properties in Anne Arundel County Maryland selling each month, there is slightly more than an 11 month inventory of waterfront homes for sale. When inventory drops below six months, this is generally considered a “seller’s market”. When inventory is more than six months, this is generally considered a “buyer’s market”. This remains a remarkable time for highly qualified buyers to consider purchasing their first waterfront home in Anne Arundel County Maryland, weekend home, vacation home, or waterfront investment property in Anne Arundel County.

The chart (below) tracks “Average Sale Price” and shows the monthly average price at which homes (both waterfront and non-waterfront) are selling in Anne Arundel County Maryland.

The chart (below) tracks “Average Sold to OLP Ratio” and shows discount at which Anne Arundel County Maryland homes are selling for as a percentage of their original listing prices.

While all of these indicators are important, the best way to determine the value of waterfront homes in Anne Arundel County Maryland is a thorough market analysis. If interested, please contact for a no obligation competitive market analysis of your home’s value in today’s real estate market.

Start your search to find your Anne Arundel County Maryland waterfront dream home here.NOTICE: All data as of December 24, 2011. The charts included track one or more leading market indicators, are updated on or about the 10th of every month, and are interactive (so go ahead and click on them!). Information believed to be accurate, but should not be relied upon without verification, is made available “As Is” and subject to revision at any time without notice.

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Waterfront Homes For Sale in Severna Park Maryland – November 2011

November 29th, 2011 · Waterfront Real Estate

Are you looking for waterfront homes for sale in Severna Park? If so, then you’re in the right place! You can often purchase waterfront homes in Severna Park Maryland below the average price of homes in Anne Arundel County making them very affordable. There are also bank owned waterfront homes in Severna Park Maryland for sale that are great deals.

Severna Park waterfront homes for sale are located on the Broadneck Peninsula between the Severn River and Magothy River with access to the Chesapeake Bay. From cottages to mansions, outstanding homes along the waterfront may be found through out the Severna Park area. Riparian waterfront homes have piers and docks, some with deep water that will accommodate larger sailing and motor yachts.

Centrally located on the Chesapeake Bay, waterfront homes for sale in Severna Park Maryland provide access to some of the best sailing and yachting destinations the Chesapeake Bay has to offer, including: Annapolis, St. Michael’s, Oxford, Solomons Island, and Baltimore’s Inner Harbor.

Most waterfront homes for sale in Severna Park Maryland are a short distance from area shopping, dinning and nightlife. They are also within easy access to the major highways of Rts. 50 and 97, affording a short commute to Washington DC and Baltimore and easy access to the region’s airports (Baltimore/Washington International Thurgood Marshall Airport, commonly known as BWI Airport, Ronald Reagan Washington National Airport, commonly known as National, and Dulles International Airport, commonly known as Dulles).

Start searching today among Severna Park waterfront homes for sale for your perfect place to live.

There are 28 waterfront homes for sale in Severna Park today. The average asking price is $1,654,964 and they have been on the market an average of 193 days. The minimum asking price for these listings is $449,000, with a maximum asking price of $6,499,900.

There are 2 waterfront homes under contract in Severna Park today. The average asking price is $1,119,500 and they have been on the market an average of 125 days. The minimum asking price for these listings is $839,000, with a maximum asking price of $1,400,000.

In the last 90 days there were 3 waterfront homes sold in Severna Park. The average asking price was $2,316,000 and they were on the market for an average of 105 days. The minimum asking price for sold listings was $1,699,000, with a maximum asking of $3,499,000.

The average sold price for Severna Park waterfront homes was $1,950,000 for a 79,47% sold-to-list ratio off their original list price. The minimum sold price was $1,400,000, with a maximum sold price of $3,000,000, and with a median sold price of $1,450,000.

With about 1 waterfront home selling each month in Severna Park, there is slightly more than a 28 month inventory of waterfront homes for sale. This really is a remarkable time for highly qualified buyers to consider purchasing their first Severna Park Maryland waterfront home or an additional waterfront property because:

Waterfront homes for sale in Severna Park are very affordable right now
Interest rates are low even on jumbo mortgages
Excellent financing options are available for qualifying buyers
Timing is everything when it comes to finding just the right waterfront home for sale in Severna Park
Owning a waterfront home is everyone’s dream

Don’t waste any more time, find your Severna Park waterfront home today.

Do you think a video like this might help sell your waterfront home in Severna Park?

If you have a waterfront home to sell in Severna Park and want to learn how to reach tech savvy buyers using a video home tour, want a professional consultation on current market conditions, or if you are interested in purchasing your next home on the waterfront in Severna Park and want to tour any of the waterfront homes currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com.

NOTE: All data as of November 29, 2011.

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Waterfront Homes For Sale in Stevensville Maryland – November 2011

November 28th, 2011 · Waterfront Real Estate

Are you looking for waterfront homes for sale in Stevensville on Kent Island? If so, then you’re in the right place! You can often purchase waterfront home in Stevensville Maryland on Kent Island below the average price of homes in Queen Anne’s County making them very affordable. There are also bank owned waterfront homes in Stevensville Maryland for sale that are great deals.

Stevensville waterfront homes for sale are located on Kent Island in the Chesapeake Bay. Single family homes, from cottages to mansions, can be found through out the area, as well as, waterfront townhomes and waterfront condominiums. Riparian waterfront properties have docks and piers, some with deep water that will accommodate larger sailing and motor yachts.

Centrally located on the Chesapeake Bay, waterfront homes for sale in Stevensville Maryland provide access to some of the best sailing and yachting destinations the Bay has to offer, including: Annapolis, St. Michael’s, Oxford, Solomons Island, and Baltimore Harbor. No matter whether you are sailing or fishing, if you live along the waterfront on Kent Island, you have access to Eastern Bay, the Chester River, and of course, the Chesapeake Bay.

Most waterfront homes for sale in Stevensville Maryland are a short distance from area shopping, dinning and nightlife. They are also within easy access to Rt. 50, crossing the Chesapeake Bay Bridge, for commuting to Washington DC and Baltimore and the region’s airports (closet major airport is Baltimore Washington International also known as BWI airport).

Start searching today among Stevensville waterfront homes for sale for your perfect place to live.

There are 62 waterfront homes for sale in Stevensville today. The average asking price is $1,555,647 and they have been on the market an average of 260 days. The minimum asking price for these listings is $190,000, with a maximum asking price of $4,999,000.

There are 3 waterfront homes under contract in Stevensville today. The average asking price is $1,757,967 and they have been on the market an average of 469 days. The minimum asking price for these listings is $214,000, with a maximum asking price of $4,200,000.

In the last 90 days there were 7 waterfront homes sold in Stevensville. The average asking price was $474,500 and they were on the market for an average of 119 days. The minimum asking price for sold listings was $223,649, with a maximum asking of $898,750.

The average sold price for Stevensville waterfront homes was $455,557 for a 87.15% sold-to-list ratio off their original list price. The minimum sold price was $210,000, with a maximum sold price of $879,000, and with a median sold price of $380,000.

With a little more than 2 waterfront homes selling each month in Stevensville, there is slightly less than a 27 month inventory of waterfront homes for sale. This really is a remarkable time for highly qualified buyers to consider purchasing their first Stevensville Maryland waterfront home or an additional waterfront property because:

Waterfront homes for sale in Stevensville are very affordable right now
Interest rates are low even on jumbo mortgages
Excellent financing options are available for qualifying buyers
Timing is everything when it comes to finding just the right waterfront home for sale in Stevensville
Owning a waterfront home is everyone’s dream

Don’t waste any more time, find your Stevensville waterfront home today.

Do you think a video like this might help sell your waterfront home in Stevensville?

If you have a waterfront home to sell in Stevensville and want to learn how to reach tech savvy buyers using a video home tour, want a professional consultation on current market conditions, or if you are interested in purchasing your next home on the waterfront in Stevensville and want to tour any of the waterfront homes currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com.

NOTE: All data as of November 28, 2011.

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Waterfront Homes For Sale in Annapolis Maryland – November 2011

November 27th, 2011 · Waterfront Real Estate

Are you looking for waterfront homes for sale in Annapolis? If so, then you’re in the right place! You can often purchase waterfront home in Annapolis Maryland below the average price of homes in Anne Arundel County making them very affordable. There are also bank owned waterfront homes in Annapolis Maryland for sale that are great deals.

Annapolis waterfront homes for sale are located along the Chesapeake Bay, the Severn River and the South River. Outstanding single family homes, from cottages to mansions can be found through out the area. Riparian waterfront homes have docks and piers, some with deep water that will accommodate deep draft sailing and motor yachts.

Centrally located on the Chesapeake Bay, waterfront homes for sale in Annapolis Maryland provide access to some of the best sailing and yachting destinations the Bay has to offer, including: the Magothy River, St. Michael’s, Oxford, Solomons Island, and Baltimore Harbor.

Most waterfront homes for sale in Annapolis Maryland are a short distance from downtown Annapolis, area shopping, dinning and nightlife. They are also within easy access to the major highways of Rts. 50 and 97, affording a short commute to Washington DC and Baltimore and the region’s airports (BWI, National, Dulles).

Start searching today among Annapolis waterfront homes for sale for your perfect place to live.

There are 152 waterfront homes for sale in Annapolis today. The average asking price is $1,537,197 and they have been on the market an average of 186 days. The minimum asking price for these listings is $224,900, with a maximum asking price of $15,000,000.

There are 18 waterfront homes under contract in Annapolis today. The average asking price is $1,569,383 and they have been on the market an average of 184 days. The minimum asking price for these listings is $290,000, with a maximum asking price of $6,495,000.

In the last 90 days there were 25 waterfront homes sold in Annapolis. The average asking price was $1,031,860 and they were on the market for an average of 150 days. The minimum asking price for sold listings was $300,000, with a maximum asking of $2,299,000, and a median asking price of $945,000.

The average sold price for Annapolis waterfront homes was $927,572 for a 82.13% sold-to-list ratio off their original list price. The minimum sold price was $200,000, with a maximum sold price of $2,100,000, and with a median sold price of $880,000.

With a little more than 8 waterfront homes selling each month in Annapolis, there is slightly more than a 19 month inventory of waterfront homes for sale. This really is a remarkable time for highly qualified buyers to consider purchasing their first Annapolis Maryland waterfront home or an additional waterfront property because:

Waterfront homes for sale in Annapolis are very affordable right now
Interest rates are low even on jumbo mortgages
Excellent financing options are available for qualifying buyers
Timing is everything when it comes to finding just the right waterfront home for sale in Annapolis
Owning a waterfront home is everyone’s dream

Don’t waste any more time, find your Annapolis waterfront home today.

Do you think a video like this might help sell your waterfront home in Annapolis?

If you have a waterfront home to sell in Annapolis and want to learn how to reach tech savvy buyers using a video home tour, want a professional consultation on current market conditions, or if you are interested in purchasing your next home on the waterfront in Annapolis and want to tour any of the waterfront homes currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com.

NOTE: All data as of November 27, 2011.

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Is It A Good Time To Buy A Home?

September 18th, 2011 · Coldwell Banker Market Watch, Market Assessment, Real Estate

Coldwell Banker Market Watch – September 2011

Is It A Good Time To Buy A Home?

Five-plus years ago, it was the prime time to approach real estate as a financial short term investment. Now is the time, as it traditionally has been, to buy a home because one wants a solid investment for the future.

It’s important to understand that investing in a home is much different than investing in stocks and bonds. The reality is, the long term values of homeownership far outweigh the daily up and down cycles of the financial markets. With proper planning, a home purchase has historically proven to be one of the strongest investments one can make.

Of course building equity plays an important role in ones decision to purchase a home, but essentially, a home is much more than just a piece of the financial game, it’s an opportunity to obtain the American dream.

Lifestyle changes such as marriage, having children, starting a new job or relocating are some of the most common reasons that people decide to purchase a new home. Fundamentally, a home is a source of pride, and a place to call one’s own, and for many, the silver lining in life.

Today’s consumers shouldn’t be fearful of investing in real estate. Interest rates remain incredibly low, homes are the most affordable than they ever have been, and financing is still available for qualified buyers. Additionally, homeownership could be a much better alternative to renting as apartment rentals skyrocket in many regions across the country.

Market conditions, financing, price range, and inventory can all play a part in the home buying process and these elements can vary from region to region and community to community. Look to the linked county graphs below to see some of this information for the area that most interests you.

If you want to own a home, but are questioning if now is the right time to purchase, or if you need more detailed information, please let me know. I would be glad to assist with or explain the home buying and selling process, the benefits of homeownership, and can guide you through each step. Happy house hunting!

Anne Arundel, Baltimore, Baltimore City, Caroline, Carroll, Cecil, Culpeper, Dorchester, Frederick, Harford, Howard, Montgomery, Prince Georges, Prince William, Queen Anne, Somerset, Stafford, Sussex, Talbot, Washington, Wicomico, Worcester

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The Benefits of Vacation Homes

September 18th, 2011 · Active Rain, Coldwell Banker Market Watch, Market Assessment

Coldwell Banker Market Watch – August 2011

The Benefits of Vacation Homes

Many of us have vacationed in a favorite locale and thought to ourselves, “I’d love to own a home here.” This summer, it might be time to give that notion serious consideration. Several factors are currently in place which make owning a vacation home a viable opportunity and a worthwhile investment.

Vacation homes are more affordable than they’ve been in recent years, presenting an opportunity to purchase a secondary residence that can save money, generate income and build equity in the long run. Not only will you always have a home waiting in your favorite vacation spot, you can also rent it out when you’re not there. It also could eventually become your primary residence, perhaps allowing you a way to start preparing for retirement now.

According to the National Association of REALTORS®, lower prices have opened up the door for more families to own vacation homes. The median price of a vacation home was $150,000 in 2010, an 11.2 percent drop from when the median price was $169,000 in 2009. As a comparison, the median price of a primary residence in 2010 was $176,700, 4.5 percent less than the $185,000 median in 2009.

The housing market in general is favorable for qualified buyers at this point in time. Home prices are down an average of 27 percent from peak values five years ago. Even though second mortgages tend to have higher rates and shorter terms, interest rates as a whole remain near historical lows. If you’re thinking of purchasing a vacation home, there’s another reason to consider it now: Unless Congress acts soon, conforming loan limits are being reduced on October 1, decreasing the availability and affordability of mortgage credit for many buyers.

When considering the purchase of a vacation home, it helps to find a real estate agent who has a deep understanding of the local market. Coldwell Banker Residential Brokerage offers a Relocation program that can connect you with an established real estate agent in any city, state or country. However, there are also many great homes throughout the Greater Baltimore and Washington DC area that can serve as a great place to get away. The county links on the right will provide you with local market data to help inform your purchase and provide comparison.

Please let me know if I can assist you with purchasing a vacation home or a primary residence, locally or anywhere else – I can refer you to a Coldwell Banker agent anywhere in the United States.

If you want to understand what is happening in the real estate industry as it directly impacts your buying and selling decisions, look to the linked graphs linked to below and speak to me, your Coldwell Banker Residential Brokerage sales professional. Its times like these that I can provide you with the facts that are relevant to you in your local area, and can give expert guidance on current market conditions that impact you. As your Coldwell Banker Residential Brokerage professional, I can dissect those national headlines, and give you the right kind of information you need to make the right decisions.

The Benefits of Vacation Homes

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Are The Lazy Days Of Summer Really Here?

September 18th, 2011 · Active Rain, Coldwell Banker Market Watch, Market Assessment

Coldwell Banker Market Watch – July 2011

Are the Lazy Days of Summer Really Here?

The lazy days of summer are finally here, or are they? Thousands will take their much deserved vacations and flock to sandy beaches or pristine lake waters to escape the heat and indulge in some much needed rest. For those in the real estate industry however, the word lazy does not apply. Right now, sales professionals are working harder than ever to educate and motivate consumers.

If one reads the current reports, it’s all doom and gloom for the real estate industry. Yes, there are numerous reports of national home sales trending downwards, and the reports aren’t inaccurate, they’re just not telling the entire tale.

One must remember that real estate is a very local business. What is happening in regards to sales, pricing, or foreclosures nationally or even state-wide, may not be the reality in your local community. Most recently, positive activity has been reported from many Coldwell Banker Residential Brokerage offices, and there are signs of unit growth in almost every market.

Real estate is also very cyclical and ever changing. The spring selling season started off strong and then suddenly dipped as a spike in gas prices, rising unemployment claims, and severe weather hit the nation. Right now, industrious sales professionals are helping motivated buyers and active sellers get reorganized and reenergized from a soggy spring.

Essentially, home sellers shouldn’t be disheartened by the late spring reports. The Federal Reserve Bank of Philadelphia just released the Livingstone Survey which summarizes the forecasts of economists from industry, government, banking, and academia. According to the 35 participants, they raised their estimates of output growth for the second half of 2011 and revised the unemployment rate downward throughout 2011, which is very positive news.

It is also anticipated that reluctant buyers will finally jump into the market before FHA loan limits are decreased on October 1, making it difficult for some to secure a loan. Loan limits determine what types of mortgages may be FHA securitized or insured. Loans that fall outside of the limits face tighter credit requirements, higher interest rates and larger down payments.

With home prices at their most affordable, and mortgage rates still at historic lows, a serious buyer would be very wise to make their move now.

If you want to understand what is happening in the real estate industry as it directly impacts your buying and selling decisions, look to the linked graphs linked to below and speak to me, your Coldwell Banker Residential Brokerage sales professional. Its times like these that your local Coldwell Banker Residential Brokerage professional can provide you with the facts that are relevant to you in your local area, and can give expert guidance on current market conditions that impact you. As your Coldwell Banker Residential Brokerage professional, I can dissect those national headlines, and give you the right kind of information you need to make the right decisions.

Are The Lazy Days Of Summer Really Here?

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Coldwell Banker Market Watch – June 2011

September 18th, 2011 · Active Rain, Coldwell Banker Market Watch, Real Estate, Waterfront Real Estate

WHAT’S NEXT FOR THE EMPTY NESTER?

Coldwell Banker Residental Brokerage

For many families, this month brings with it some significant milestones; senior prom, the last baseball game played on the high school team, and of course graduation. According to statistics posted by the National Center for Education, 3.1 million high school seniors are expected to graduate this year. Teenagers across the nation will eagerly pack their belongings and move from home towards their bright new futures.

This leaves many empty nesters planning their bright new futures as well and wondering what to do with the family home. Is it the right time to sell? Will the sale enable the family to afford college tuition and purchase another home at the right price and size? Will there be enough to purchase the dream vacation home as well? There are numerous factors to consider when making a decision on one of the largest investments a family will make.

Lawrence Yun, chief economist of the National Association of Realtors, said in a recent release that existing-home sales nationwide have been underperforming by historical standards and will rise gradually but unevenly. Though this statement is true, it is important to keep various factors in perspective and understand how they impact you as a home seller or buyer in today’s environment.

According to NAR, the median price of existing homes increased an average of more than 6% every year between 1968 and 2008, with home values nearly doubling every 10 years. If a homeowner purchased their home 10 or more years ago, the home could have a wealth of equity and offer a significant return on investment if sold in today’s market.

Additionally, the market is ripe for homebuyers. Affordability is the best that it has been in years and mortgage rates are still relatively low. Five-plus years ago, it was the prime time to approach real estate as a financial short term investment. Now is the time, as it traditionally has been, to buy a home because one wants a solid investment for the future.

To learn if the time is right for you, speak with me, your sales professional at Coldwell Banker Residential Brokerage. Using information included in the graphs linked to below, along with additional data gathered from your specific community, I can provide you with and explain the precise factors that could impact you in your decision making process. You may just discover that now really is the perfect time to make your move as well.

Anne Arundel, Baltimore, Baltimore City, Caroline, Carroll, Cecil, Culpeper, Dorchester, Frederick, Harford, Howard, Montgomery, Prince Georges, Prince William, Queen Anne , Somerset, Stafford, Sussex, Talbot, Washington, Wicomico, Worcester

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Open Houses in Deale Maryland on June 12, 2011

September 17th, 2011 · Active Rain, Real Estate, Waterfront Real Estate

Open Houses in Deale Maryland on June 12, 2011

Open House Sign Record heat in Maryland may not stop you from shopping for a new home, but, it is June after all.

There is 1 open house planned for June 12, 2011 in Deale Maryland 20751. But there 86 open houses on Sunday June 12 with something open in almost every corner of Anne Arundel County, from Annapolis to Severna Park, from Harwood to Pasadena, and all points in between.

For a list of open houses this weekend follow one of the links below:

Open Houses in Deale Maryland

All of Anne Arundel County Open Houses

You might want to remember that the real estate agent holding the open house works for the seller whether or not they are the listing agent, that’s Maryland law concerning Agency. This is one of the most misunderstood aspect of real estate – who represents who at an open houses. No matter what the agent tells you, they represent the seller while they are holding the seller’s home open. If you are not yet rpresented by a professional real estate agent and would like buyer representation in the purchase of any home in Anne Arundel County, especially in Annapolis, Arnold, Crownsville, Edgewater, or Riva, please contact me to discuss your real estate requirements – I’d be happy to talk with you.

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Annapolis Maryland Luxury Homes and Waterfront Real Estate Information

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