Fortmeadehomes' Blog: All Categories

The Odenton Maryland real estate market leveled out at Summers end with a year over year adjusted sales value of -5%.  We saw a strong finish to the selling season maintaining nearly the same volume of sales as in the same period in 2008. 

The low sale for the month was a foreclosure/auction property on Samantha Lane in Piney Orchard that sold for $183,500 with an opening bid of $174,900.

The high sale was a single family home in Piney Orchard that was priced at $489,900 and sold for $460,000 with a whopping $20,000 in closing help!

Of the 25 properties sold this month 2 were foreclosures and 4 were short sales.

Odenton Maryland 21113         …

We're holding steady on number of sales in the Severn real estate market for the month of September and it looks like the average sales price is also stabilizing with an overall year over year decrease of just 8% as compared to several double digit decreases in previous months.

The high sale this month was $650,000 for a new construction home in Glen Gary Farms a 3 home subdivision.  

The low sale for the month was $142,000 for an end unit townhome located in Spring Meadows.

There were 4 foreclosure properties sold and two short sale properties sold in Severn this month.

Of those bank foreclosed properties the most notable was a single family home with pool located in Colonial Park that last sold for $697,000 in 2006 and recently sold for…

Looking for a great home close to Fort Meade?  We've just listed a fabulous new property less than 5 minutes from the base.  Features include vinyl siding, new windows & front door, remodeled kitchen and more.

You can view this home on-line for additional photos and information!

We saw a pretty substantial increase in the number of sales in the Fort Meade area and Anne Arundel county this month.  We're down just a bit on the number of sales from July but still a healthy sign that we might be headed for some stabilization.   While sales prices are down 4% thats less than half of July's 11%.

As the Federal tax credit for 1st time home buyers winds to it's conclusion on November 30, 2009, we're seeing a last little up surge in activity for September and I'll try to get those statistics posted soon as I'm sure they are going to bring us some good news.

We want and need for the Federal government to continue some type of incentive program as this is the fastest way to help our real estate market rebound.  Let's hope they come out…

The Odenton real estate market saw a little bit of an increase in the number of homes sold in August 2009 as compared to August 2008.  A healthy sign that we are headed in the right direction.  Prices however continued to fall with a year over year average decrease of about 10%.  Much of this decrease relates to a high number of forelcosures and short sales particularly in the Seven Oaks area where inventory hit a record  high last winter.   Days on market saw a slight increase mostly related to the volume of short sales on the market and adjustments needed to determine the "right" price for todays buyers.  Even seasoned real estate pros are having a tough time valuing homes as prices on a very similar home in any neighborhood can vary by up to…

Severn saw the first big increase in home sales in several months with a total of 26 homes sold.  While the statistics look grim on sale price which is down 31% that is misleading.  There were simply more large, luxury style homes sold in August 2008 and a much larger number of modest townhomes sold in 2009.  So while prices have gone down substantially it is not an overall 31% decrease over the previous year. 

Severn real estate remains a popular choice for Fort Meade area home buyers.  And with prices becoming more reasonable and great interest rates still holding strong we've seen a healthy upsurge in the amount of homes sold.  This could be a sign of overall stabilization but it's a bit too early to tell. 

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Looking for a great home close to Fort Meade?  We've just listed a fabulous new property less than 5 minutes from the base.  Features include a heated inground pool, beautifully remodeled kitchen & baths, screened porch addition, covered patio, fireplace and much more.  

You can view this home on-line for additional photos and information!

Just took a look at the final sales states for Anne Arundel County in July and they are a bit surprising.  Based on the volume of sales we are seeing on our family team I would have guessed we had another record month for Fort Meade real estate.  While the county as a whole was up 17% the areas immediately surrounding Fort Meade saw a decline in volume and home values.  Bring on the BRAC!

I pull these reports manually from the MLS sold data.  I've compared them to the monthly reports provided by MLS and there are very slight differences in  our data which I'm assuming relate to the entry date or update of the listing.   Not sure why that is, but I'm recording only units sold between the 1st and the last day of the month. 

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