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Market Trends
Commentary Provided byAndy Schram Now is an exceptional time to buy a home in Crofton. Low rates with reasonable home prices makes a home purchase a great value! Call now for more information at 410-258-3660. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Baltimore | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | PLENTY OF INVENTORY AT ALL PRICE LEVELS. | ||
| Average Home Price | $375,000 - View Graph Trend | ||
| Best Selling Price Range | $250,000 - $299,000 | ||
| Worst Selling Price Range | $600,000 - $649,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Crofton is | No Change | ||
| Seller Activity for the past 90 days in Crofton is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Crofton? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Gambrills, Davidsonville, Odenton, Severn, Ft. Meade | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $375,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Andy Schram
Coldwell Banker Residential Brokerage Gambrills, Maryland 410-258-3660 aschram@cbmove.com Agent Home Page
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Crofton Local News
News for Crofton, MD - Saturday November 7th, 2009 10:24am
It looks like today the President will sign legislation extending the $8000.00 First Time Homebuyer Tax Credit and enacting a $6500.00 tax credit for existing home owners who purchase a principal residence. Additionally it increases the qualifying income levels which for us in this area is good news indeed. If you have been thinking of making a move now may be the perfect time based on the tax advantages, low interest rates, and ample inventory. Call Andy Schram today at 410-258-3660 to discuss your particular situation and how you can move into your dream home!
News for Crofton, MD - Sunday October 25th, 2009 10:21am
What a beautiful time of year along the Crofton Parkway! With the leaves changing colors, youth football in full swing, and the trick or treaters gearing up the signs of autumn are everywhere. Home prices in Crofton are definately holding their own and now may be the time to begin your research for a spring move. If you have been considering a trade up feel free to contact me anytime to discuss.
News for Crofton, Maryland by Andy Schram-Realtor. - Saturday October 3rd, 2009 10:36am
Time is running out for the $8000.00 Federal Stimulus first Time Buyer Tax Credit which is set to expire November 30th.It is still possible to find a home and get in under the deadline but you would have to act quickly. There is some confidence that this program will be extended. With interest rates at historic lows in conjunction with an ample supply of homes in Crofton it really is great opportunity to buy your first home. My team of lenders can pre qualify you over the phone in a matter of minutes and will explain the various programs available to you. This "Perfect storm" of low rates, stimulus money, and desirable inventory may not come together this way again anytime soon and I urge those of you that are on the fence to give me a call to discuss you specific situation. As always I offer you "Old Fashioned Service With Cutting Edge Results"
News for Crofton, MD - Saturday September 19th, 2009 9:48am
Time is running out for the $8000.00 Federal Stimulus first Time Buyer Tax Credit which is set to expire November 30th. There is some confidence that this program will be extended. With interest rates at historic lows in conjunction with an ample supply of homes in Crofton it really is great opportunity to buy your first home. My team of lenders can pre qualify you over the phone in a matter of minutes and will explain the various programs available to you. This "Perfect storm" of low rates, stimulus money, and desirable inventory may not come together this way again anytime soon and I urge those of you that are on the fence to give me a call to discuss you specific situation. As always I offer you "Old Fashioned Service With Cutting Edge Results"
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