Winter 2012 Market Update
Market is primary short sales and REO properties. However, there are incentive programs available providing grant money to first time home buyers.

Average Home Price $250,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$500,000 - $549,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Bowie isIncreasing
Seller Activity for the past 90 days in Bowie is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryBank properties price are very competitive and properties are in fairly good condition - thereby demanding ’Multiple Offers’
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity First Time Buyers
Reason to Buy/Sell Good economic news
Nearest Metro AreaWashington, D.C.
Housing Hot SpotsMost locations within the Bowie area are considered ’Housing Hotspots’
Average Sold Price $250,000 - View Graph Trend

Bowie Local News


News for Bowie, MD - June 28th, 2011 11:30am
The Purchase market in the Bowie area has been heating up over the last few weeks. This is fueled by low rates and the State of MD offering a discounted rate for those first time home buyers that purchase a short sale or foreclosure. Also, for anyone that qualifies for the CDA program, you are eligible for a $5000 down payment 0% loan.

News for Bowie, MD - June 14th, 2010 12:58pm
Neighborhood Stabilization Program (NSP) is providing money to first time home buyers. If you are buying a bank owned property or a short sale (which is the majority of the market) and are a first time home buyer, you must participate in this program. All money must be used before August 24, 2010 or it will go back to the state. If you fall in the low income range you may qualify for up to $60,000 for your home purchase. Why would you not take advantage of these programs????
Contact Information

Kayren Jan'ice Benjamin
Kayren Jan'ice Benjamin
     240-737-5019
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

   Let Me Answer Your Questions! Ask Me!
Blog Archives
June 2010 (1)


Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

Home Values
 Street
 
 Zip Code
 



Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...
 
Search Homes Property Type
Min Price
Max Price
Min Beds
Min Baths
 
Kayren Jan'ice Benjamin
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

Let Me Answer Your Questions! Ask Me!
Kayren Jan'ice Benjamin
Keller Williams Preferred Properties
Keller Williams Preferred Properties

  240-737-5019




Receive New Listings by Email Get Free Monthly Newsletter   |   Find Bowie Homes for Sale   |   Search Bowie Real Estate
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Maryland Homes for Sale  |   Maryland Real Estate News |   Homes for Sale  |   Real Estate Market News  |   Hot Markets  |   Agents Join