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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.
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| 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 is | Increasing |
| Seller Activity for the past 90 days in Bowie is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Bank 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 Area | Washington, D.C. |
| Housing Hot Spots | Most 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
240-737-5019
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 11th, 2012 –
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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
StreetZip 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...
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...
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Request More Information Let me answer your questions! Ask Me!
Kayren Jan'ice Benjamin
Keller Williams Preferred Properties
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 240-737-5019
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