Should I list my house now or wait for the Spring?

It’s that time of year when people start wondering, “Should I list my house now or wait for the Spring?”

Here’s some info on the state of the market. Yesterday, Matthew Graham at Mortgage News Daily wrote in an article Mortgage Rates Recover After Flynn Headlines:

  • Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon.
  • While rates remain low in absolute terms, they’ve moved higher in a more threatening way heading into the 4th quarter, relative to the stability and improvement seen earlier in 2017.

As you know, when rates go up, monthly payments get higher and people can’t afford as much house. It’s a sellers’ market in Anne Arundel County now – as of the end of last month we just had 3.2 months of inventory, way below the 5-year October average of 4.6 months. In about a week, the next month’s MLS statistics will be out, and I’ll get them to you.

If you’re thinking of moving, or you hear of someone who is, it’s a great time, so let’s talk sooner rather than later. All but one of my active listings have sold, and I’ll be in town for the holidays and ready to meet with people who have moving on their wish list.

P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Anne Arundel County Real Estate Market Statistics June 2017

Here are some market statistics for you for the year to date through the end of June in Anne Arundel County, compared to last year:

  • Average Discount Off Original Price: 3.3% (was 4.6%)
  • Average Days on the Market: 68 (down 17.07%)
  • Number of Homes for Sale: 2,579 (down 9.38%)
  • Total Sales: $1,760,540,478 (up 10.35%)
  • Average Sold Price: $379,345 (up 5.09%)
  • Real Buyers (Home Sold): 4,641 (up 5.02%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2017 – Information deemed reliable, but is not guaranteed.)

It’s a seller’s market.  Inventory is low, with just 2.4 months of property on the market.  And, as you may have heard, the Fed has been slowly raising interest rates, and we are facing a debt ceiling issue in a few weeks.  The uncertainty will motivate many savvy buyers to move more quickly than they might have otherwise.

All of which means, we are looking for more sellers, who would like to take advantage of the situation.  Now is the time to get started, in order to complete a move this year.  Who do you know who might be interested in making a move?  

If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us.  I’m happy to help them find that out!

P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real EstateAnnapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Local Market Insight June 2017

Anne Arundel County Real Estate Market Statistics December 2016

Happy Holidays! Merry Christmas!

It seems like almost everyone is shopping for food and gifts to celebrate the holidays, and some are also shopping for homes!  

Here are some market statistics for you for the year to date in Anne Arundel County, compared to last year:

  • Average Discount Off Original Price: 4.3% (was 5.8%)
  • Average Days on the Market: 75 (down 11.76%)
  • Number of Homes for Sale: 2,386 (down 10.00%)
  • Total Sales: $3,067,017,614 (up 15.81%)
  • Average Sold Price: $364,904 (up 1.64%)
  • Real Buyers (Home Sold): 8,404 (up 13.94%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2016 – Information deemed reliable, but is not guaranteed.)

Final numbers for the year will come out in January, and I want to give you the early data now.   It’s a seller’s market.  Inventory is low, with just 3.3 months of property on the market.  And, as you may have heard, the Fed just raised interest rates yesterday.  Local mortgage brokers told me that this has already resulted in increasing mortgage rates and volatility.  The uncertainty will motivate many savvy buyers to move more quickly than they might have otherwise.

All of which means, we are looking for more sellers, who would like to take advantage of the situation.  Now is the time to get started, in order to complete a move next year.  Who do you know who might be interested in making a move?  

If you know someone who is curious what their house would fetch in today’s market, and what else might be available, please introduce us.  I’m happy to help them find that out!

P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real EstateAnnapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Local Market Insight November 2016

Anne Arundel County Local Market Insight November 2016

Anne Arundel County Real Estate Market Statistics July 2016

In Anne Arundel County, the real estate statistics through the end of June 2016 show that this year’s sales have been stronger than last year’s, with 18.98% more homes sold (a total of 4,420). And, they sold 8.89% faster, with an average of 82 days on market.

Across Anne Arundel County, sales of waterfront homes were up 13.41% compared to the previous year, with 186 homes sold in 2016 compared to 164 in 2015. And, the average net sold price was up 4.08% (to $800,023).  In the higher end smaller market of Annapolis, the number of waterfront homes sold year to date in 2016 (49) was below 2015 (53).  And the average net sold price was up 5.04% (to $1,079,714 from $1,027,952).

Here are more numbers on home sales, year to date through the end of for June 2016 vs. the previous year for Anne Arundel County:County-AnneArundelCountyMD-201606

  • Average Discount Off Original Price: 4.6% (was 5.5%)
  • Average Days on the Market: 82 (down 8.89%)
  • Number of Homes for Sale: 2,846 (down 12.67%)
  • Total Sales: $1,595,444,519 (up 20.11%)
  • Average Sold Price: $360,960 (up 0.96%)
  • Real Buyers (Home Sold): 4,420 (up 18.98%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2016 – Information deemed reliable, but is not guaranteed.)

Overall, the sellers market has further strengthened since last year, with approximately 4 months of inventory, and more homes having sold more quickly.

Of course, conditions differ within sub-markets; each price range and neighborhood differs. For example, in Davidsonville, another high-end area, the market has been quite different.  While the number of houses sold year to date in 2016 was up 14.63% compared to the previous year, the average sold price was down 14.9%.

Now, more than ever, it’s important for home sellers to pay attention the market activity, and employ smart strategy and top talent, in order to make the best sale.

P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Statistics August 2015

In Anne Arundel County, the real estate statistics through the end of July 2015 show that this year’s sales have been stronger than last year’s, with 17.47% more homes sold (a total of 4573). However they sold 8.75% slower, with an average of 87 days on market.

The number of waterfront homes sold in Annapolis year to date in 2015 was the same as 2014.  Across Anne Arundel County, sales of waterfront homes were up 6.21% compared to the previous year.  However, the average sold price was down 4.88%.

Here are more numbers on home sales, year to date through the end of for July 2015 vs. the previous year for Anne Arundel County:
County-AnneArundelCountyMD-201507

  • Average Discount Off Original Price: 5.2% (was 4.8%)
  • Average Days on the Market: 87 (up 8.75%)
  • Number of Homes for Sale: 3,270 (down 1.74%)
  • Total Sales: $1,639,166,265 (up 14.77%)
  • Average Sold Price: $358,444 (down 2.27%)
  • Real Buyers (Home Sold): 4573 (up 17.47%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2015 – Information deemed reliable, but is not guaranteed.)

Whereas the overall statistics show that we have moved into a sellers market, with approximately 4 months of inventory, it is also important to note that average sales prices are down and the average discount taken has increased.

Of course, conditions differ within sub-markets; each price range and neighborhood differs. For example, in Davidsonville, a high-end area, the market has shifted even more dramatically; the number of homes sold year to date in 2015 was up 26.32% compared to the previous year, yet the average sold price was down 7.36%.

Now, more than ever, it’s important for home sellers to pay attention the market activity, and employ smart strategy and top talent, in order to make the best sale.

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market and Events in Annapolis

The real estate market is starting this year strong in Anne Arundel County, with lots of action in between snowstorms!  In January, 649 homes went under contract, which is more than any January in the last 10 years!  And I’m happy to say that the Glen Burnie home that I wrote about last week has already gone under contract (with multiple offers), and a Davidsonville home that we sold on a lease-option last year closed in February.  We recently helped other wonderful buyers find homes and investment property in Howard County (Ellicott City and Columbia).

Right now I am working with buyers who are looking for

  • a waterfront home on Spa Creek or Back Creek
  • a house in Davidsonville
  • a house where the owners are tired of managing it and would sell on a lease-option or take payments over time

Pickings are slim in the MLS.  Do you know anyone who might be able to help me out with these?

And in other news…. How would you like to improve these cold winter days with toasty, tasty pies?  My friend Ken Haedrich at The Pie Academy was just interviewed by USA Today for today’s article “10Best: Places to get a sweet slice of American pie.”  One of his top ten pie shops, Dangerously Delicious Pies, is here in Baltimore.  I’m gonna have to check it out.  You can learn the ins and outs of pie making at Ken’s comprehensive web site ThePieAcademy.com

How about an opportunity to give locally, supporting people who are short on food? Join the folks at Revolution Annapolis for the Grocery Store Buyout on March 22.  Let me know if you can join me and help empty the shelves at Shoppers Food Warehouse!

RevolutionGroceryStoreBuyout

And, my friend Evan Koslow, a family law attorney, is hosting a Lunch ‘N’ Learn on “Financial Strategies for your Family” on Saturday March 14th.  I’ll be on a panel with a financial planner and an estate attorney.  Would you like to join us?  You can find more details and register for this free seminar at http://www.koslowlawfirm.com/March14.shtml

Financial_Strategies_Workshop

Have a great weekend!
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Annapolis Waterfront Homes, Annapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Annapolis Luxury Home Sales Soared in Final Months of 2012

CNN reported Tuesday that luxury home sales soared in final months of 2012, which prompted me to do further analysis on our local market. CNN wrote:

Many sellers wanted to cash in on their homes before a widely expected capital gains hike — to 20% from 15% — that was part of the fiscal cliff budget deal. High-income earners (singles with income of $200,000 or more and couples making more than $250,000) also wanted to close sales ahead of a 3.8% Medicare surtax on investment income that was already slated to go into effect this year as part of the Affordable Care Act.

All told, a high-earner would pay $88,000 less in taxes if they made a $1 million profit on their home in 2012 rather than in 2013.

That considerable tax savings motivated many wealthy homeowners to move fast. According to the National Association of Realtors (NAR), sales of homes valued at $1 million or more spiked 51% in November compared with a year earlier.

Locally in Anne Arundel County, we also saw a year-end spike in high-end sales. The Institute for Luxury Home Marketing defines the luxury market as the top 10 percent of sales. For us, these are homes that sold above $600,000.

Sales of homes above $600,000 in Anne Arundel County increased 24% in 2012 over 2011, and the settlements in the fourth quarter were 47% above 2011.

Sales of homes above $1,000,000 also increased, yet not quite as much.  Those sales in 2012 were 12% above 2011, and in the fourth quarter, 8% higher than 2011.

With the market strengthening, especially in the higher end, and interest rates remaining at historic lows, 2013 looks like a good year for those who want to make a move.

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate,Annapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Statistics December 2012

In Anne Arundel County, 2012 sales were much stronger than 2011, with 13.94% more homes sold (a total of 5859).  Plus, they sold 11.48% faster, with an average of 108 days on market.

Sales of waterfront homes in Annapolis in 2012 were up a full 32% compared to 2011.  Across Anne Arundel County, sales of waterfront homes were up 23% compared to the previous year.

Now we have an inventory shortage.  Buyers are shopping, and sellers are needed!  If you or someone you know is thinking of selling this year, it’s time to get started!

Our local real estate market ended the year strong with a busy holiday season.

Last month, 441 sales closed, more than the previous December by 14.84%. Listings are down 22.43%, to 2,085, as compared to 2,688 a year ago.

Anne Arundel County Real Estate Market Statistics December 2012

Anne Arundel County Real Estate Market Statistics December 2012

Here are more numbers on home sales, for December 2012 vs. December 2011 for Anne Arundel County:

  • Average Discount Off Original Price: 6.7% (was 11%)
  • Average Days on the Market: 96 (down 31.91%)
  • Number of Homes for Sale: 2,085 (down 22.43%)
  • Total Sales: $153,854,572 (up 15.94%)
  • Average Sold Price: $348,877 (up 0.96%)
  • Real Buyers (Home Sold): 441 (up 14.84%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2013 – Information deemed reliable, but is not guaranteed.)

We have moved from a balanced market into a sellers market, with approximately 4.7 months of inventory.   Of course, conditions differ within sub-markets; each price range and neighborhood differs.

Considering a move? Don’t hesitate to call any time, for a confidential chat.  Let’s get started.

I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate,Annapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

Anne Arundel County Real Estate Market Statistics September 2012

We’ve got an inventory shortage, buyers are shopping, and sellers are needed!

As you may remember from my report in the Spring, sales were up, inventory was declining, and we had moved into a balanced market.  The market has shifted even further…

Anne Arundel County Real Estate Market Statistics September 2012

Anne Arundel County Real Estate Market Statistics September 2012

Last month, 473 sales closed, more than the previous September by 9.74%. Listings are down 23.48%, to 2,624, as compared to 3,429 a year ago.

Here are more numbers on home sales, for September 2012 vs. September 2011 for Anne Arundel County:

  • Average Discount Off Original Price: 7% (was 9%)
  • Average Days on the Market: 97 (down 16.38%)
  • Number of Homes for Sale: 2,624 (down 23.48%)
  • Total Sales: $175,700,501 (up 18.20%)
  • Average Sold Price: $371,460 (up 7.7%)
  • Real Buyers (Home Sold): 473 (up 9.74%)

(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2012 – Information deemed reliable, but is not guaranteed.)

And specifically in the waterfront market, sales of waterfront houses in Annapolis are up a full 30% year-to-date compared to this time last year.

We have moved from a balanced market into a sellers market, with approximately 4.5 months of inventory.   Of course, conditions differ within sub-markets; each price range and neighborhood differs.

Considering a move? Don’t hesitate to call any time, for a confidential chat.  Let’s get started.

I love to talk about real estate, and sell everything from waterfront luxury estates through distressed properties.

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate,Annapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland

How to Find a Good Listing Agent and More – Radio Interview

Would you like to know how to find a good listing agent so that you can get the most when you sell your house?

How to find a good deal when you buy real estate?

Whether a house is still a good investment?

Jim Ludwick of Main Street Financial Planning thought you and his clients might be interested, so he interviewed me last week for his radio show.

Check out Good deals in Real Estate? Let’s ask Carlyn

P.S. Considering a move?  Please call for a confidential chat.  Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.

Call me today for your Annapolis real estate needs, or for a referral to a great real estate agent anywhere.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate,Annapolis Waterfront HomesAnnapolis Luxury Homes, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

Local web sites in and around Annapolis, Maryland