Odenton Real Estate Market Report - Anne Arundel, Maryland
Odenton, Maryland - Anne Arundel County
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Andy Schram

Now is an exceptional time to buy a home in Odenton. Low rates with stable home prices makes a home purchase a great value! Call now for more information at 410-258-3660

Report DateFall 2009
Nearest Metro AreaBaltimore
Buyers’ or Sellers’ MarketMore sellers than buyers
Average Time on Market60-90 days
Market TrendDecreasing
Housing InventoryGood supply - Some Prices
Inventory CommentsGood supply at all price levels.
Average Home Price$325,000 - View Graph Trend
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$450,000 - $499,000
Compared to Last YearDown 0-5%
Prices As % of Asking Price95-100%
Multiple Offers?No
Greatest ActivityFirst Time Buyers
Buyer Activity for the past 90 days in Odenton isIncreasing
Seller Activity for the past 90 days in Odenton isDecreasing
Is Financing Available For Qualified Buyers in Odenton?Yes
Comments on Financing For Qualified BuyersVA and FHA financing for first time buyers combined with the $8000.00 Tax Credit make home affordability better then it has been in years.
Existing Home Prices for the past 90 days areNo Change
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Housing Hot SpotsFort Meade. Severn, Gambrills, Odenton, Crofton
Reason to Buy/SellJob Growth
Average Sold Price$325,000 - 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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CONNECT WITH A LOCAL PROFESSIONAL
Andy Schram
Andy Schram
Coldwell Banker Residential Brokerage
Gambrills, Maryland
410-258-3660
aschram@cbmove.com
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Coldwell Banker Residential Brokerage

Odenton Local News

News for Odenton, MD - Saturday November 7th, 2009 10:25am
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 Odenton, MD - Sunday October 25th, 2009 10:30am
Wow! Is it fall already? What a beautiful time of year for all of us that live in Odenton/Ft. Meade. Pretty soon we will be raking leaves and sitting in front of the fireplace as we prepare for the Holidays. It has been a challenging year for our community but the housing market has stabilized and now may be a great time to consider a trade up or for some of my empty nesters maybe it is time to consider downsizing. Whatever your circumctances I am always available to talk with you about your family's Real Estate needs.

News for Odenton, Maryland from ANDY SCHRAM - Saturday October 3rd, 2009 10:46am
Wow! Time is running out on the $8000 Federal Stimulus First Time Buyer Tax Credit but there is still some time to take adantage of this generous program. There is some hope that it will be extended beyond the November 30th deadline. The under $350,000 market in Odenton has been especially busy but there are still plenty of fine homes on the market. With BRAC activity finally beginning to heat up I am receiving more and more inquiries from out of town buyers. With Base Realignment at Ft. Meade and the construction of the first phase of the Odenton Town Center we are in for a very interesting period! As always I offer you "Old Fashioned Service With Cutting Edge Results"


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410-258-3660
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(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.)
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