Baltimore County currently took a turn from Seller's Market. Though home prices are stagnant on a slight increase but sales have slowed. The average days on the market have raised from a few weeks to 2 to 3 months. It indicates to be the buyers market. The median price for a Baltimore County home is on the rise. New home prices have increased by OVER $30,000. You can buy a 3+ BR HOME IN BALTIMORE for under $300,000. Not to shabby for a new built home.
0 comments • Frank Harris • August 29 2007 04:02PM
Maryland is a Mid-Atlantic state situated on the East Coast of the United States. Maryland is ranked second for being most wealthy state in the United States as per the most latest information provided by the 2005 American Community Survey of the U.S. Census Bureau -- the State of , with a average household income of $61,592. The bounderies of Maryland are Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N).
0 comments • Frank Harris • August 29 2007 03:54PM
Just over a week ago, the Fed made a decision to lower the rate at their "Discount Window", allowing banking institutions another method of providing assurance of liquidity to their clients, and also helping many institutions continue to fund home loans. Due to the Fed's action, the past week was somewhat calm in the financial world...at least calmer than has been seen in awhile. Both the Stock market and the Bond markets moved higher, and conforming home loan rates remained stable to very slightly improved. There is more hope than anticipated, so take that gloomy gus face and give me a big smile.
Further, some decent news arrived on the housing front via the New Home Sales report, showing a 2.8% increase in sales for July, and an upward revision to June's numbers as well. Unsold new home inventory continued to decline for the fourth consecutive month, falling by 1.0% to 533,000 homes. This inventory represents a 7.5 month supply, down from the 7.7 month supply in June. Additionally, the median new home sales prices edged higher to $239,500. Not bad news overall, particularly considering the current landscape in the lending industry.
Here in Columbia Maryland the median home sales are $355,000. The market is stabilizing.
0 comments • Frank Harris • August 29 2007 09:28AMRemember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of August 27 - August 31
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0 comments • Frank Harris • August 28 2007 10:03PM
The Village of Harper Farm has stayed very active and busy. There were 5 homes sales within the last 40 days.
There are 28 current active listings and 5 current contracts. Harpers Farm has a mixture of townhomes and Single family residences.
The Range of list prices are from $159,900 to $1,479,500.
* The Village of Hapers Farm Market Report by Frank Harris- Real Estate Consultant 240.472.9008
0 comments • Frank Harris • August 16 2007 05:58AM
The Glen Oaks has stayed active and Steady. There were 3 homes sales within the last month.There are 3 current active listings and no current contracts. Glen Oaks is a small community that has a mixture of townhomes and Single family residences. Curren home listings are between $170k and 1.4m.
Look for a complete report n the end of each and every month.
The Glen Oaks Market Report by Frank Harris- Real Estate Consultant 240.472.9008
0 comments • Frank Harris • August 16 2007 05:38AM
Village of Owen Brown Market Report
Status: ACTIVE (58) Owen Brown Home Report mid-July 2007 by Frank Harris | ||||||||||
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| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built |
Min | $259,900 | 3 | 2 | 1 | 0 | 0 | 0 | 1,176 | 1973 | |
Max | $490,000 | 5 | 4 | 3 | 2 | 174 | 382 | 16,668 | 1989 | |
Avg | $363,423 | 3 | 3 | 2 | 1 | 55 | 74 | 5,921 | 1977 | |
The Village of Owen Brown has stayed active and busy. There were 42 homes sales within the last 6 months.
There are 58 current active listings and 7current contracts. Owen Brown has a mixture of townhomes and Single family residences.
* The Owen Brown Market Report by Frank Harris- Real Estate Consultant 240.472.9008
0 comments • Frank Harris • July 17 2007 10:21PM
Village of Harpers Farm in Columbia Maryland
The Village of Harpers Farm has stayed active and busy. There were 18 homes sales within the last 6 months.
There are 32 current active listings and 5 current contracts. Harpers Farm has a mixture of townhomes and Single family residences.
* The Harpers Farm Home Report by Frank Harris- Real Estate Consultant 240.472.9008
0 comments • Frank Harris • July 16 2007 07:13PM
The Village of Kings Contrivance Market Report
Status: ACTIVE (34) Kings Contrivance Home Report for Mid-July 2007 by Frank Harris | ||||||||||
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| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built |
Min | $245,000 | 2 | 2 | 1 | 0 | 0 | 1 | 1,219 | 1978 | |
Max | $649,000 | 5 | 4 | 4 | 2 | 159 | 530 | 23,819 | 1988 | |
Avg | $424,682 | 4 | 3 | 2 | 1 | 56 | 95 | 7,390 | 1982 | |
The Kings Contrivance sub-division has stayed active and busy. There were 38 sales within the last 6 months.
There are 34 current active listings and 7 current contracts. Kings Contrivance has a mixture of townhomes and Single family residences.
* The Kings Contrivance Home Report by Frank Harris- Real Estate Consultant 240.472.9008
0 comments • Frank Harris • July 16 2007 06:57PM
Market Report/Glen Oaks in Columbia Maryland
| Status: ACTIVE (3) Glen Oaks Market Report for Mid-August 2007 by Frank Harris | ||||
| ListPrice | OrigPrice | ClosePrice | ||
| Min | $249,900 | $249,900 | - | |
| Max | $315,000 | $315,000 | - | |
| Avg | $276,633 | $276,633 | $0 | |
| Status: CONTRACT (2) | ||||
| ListPrice | OrigPrice | ClosePrice | ||
| Min | $249,900 | $272,500 | - | |
| Max | $295,000 | $295,000 | - | |
| Avg | $272,450 | $283,750 | $0 | |
| Status: SOLD (5) | ||||
| ListPrice | OrigPrice | ClosePrice | ||
| Min | $280,000 | $280,000 | $260,000 | |
| Max | $295,000 | $377,500 | $295,000 | |
| Avg | $287,770 | $306,000 | $282,278 | |
| Status: All (10) | ||||
| ListPrice | OrigPrice | ClosePrice | ||
| Min | $249,900 | $249,900 | $260,000 | |
| Max | $315,000 | $377,500 | $295,000 | |
| Avg | $281,365 | $292,740 | $282,278 | |
There are currently 3 homes for sale ranging from $249,900 to $315,000.
These are all 2 and 3 bedroom townhomes.
There are 2 homes under contract.
Five recent home sales in the Glen Oaks sub-division.
A total of 10 homes having activity.
*Market Report provided by Frank Harris (Real Estate Consultant) 240.472.9008
0 comments • Frank Harris • July 16 2007 06:20PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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