Crofton, MD Real Estate News

By Martha Brown, Your Homes Around Annapolis Agent
(Long & Foster Real Estate, Inc., Annapolis MD 21403)
  Crofton Single Family Home Market Report for July 2011   Crofton is one of those ideally situated communities nestled in the Annapolis, Washington and Baltimore triangle. Offering treed line streets, golf, swimming, tennis, community events and close by shopping, Crofton is a sought after community to call home in and around Annapolis.After a slow start to the year Crofton is seeing a steady rise in detached single family home sales. The best since September 2009.  Overall the Crofton market report is looking positive for single family home sales and hopefully on a steady course for recovery.   The following report is for the month of July 2011 49    # of Active Crofton Single Family Homes For Sale as of  this report16   # of Sold Crofton Single Family Homes in the month of JulyOf the...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
A simple definition of a Short Sale is that more is owed on the property, than it is currently worth. For many home owners, a Short Sale can be an effective way to avoid a Foreclosure. For buyers, it can be an excellent way to get a bargain...but it isn't without challenges. The biggest challenge in making an offer on a Short Sale is time. While the contract can be easily ratified by the buyer and seller, it's contingent on approval of the bank, or banks, holding the mortgage. This is the area that frustrates many Short Sale buyers, sellers, and agents as well.  If you can steel yourself to wait out the process, Crofton, MD has 15 Short Sales available for sale. These range anywhere from a 2 BR, 1 BA condo for $115,000, to a 4 BR, 3 BA Single Family Detached home for $485,000. You can v...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
The Crofton, MD rental market is still very robust with only 15 rental units available. Of course this figure varies considerably, however, the low number has stuck around for quite some time. One of the reasons that the rental market remains strong is the relocation of employees to Ft. Meade due to the Base Realignment and Closure (BRAC) initiative. Many employees relocating to the area are renting, instead of buying. The least expensive rental in Crofton, MD today is a 2 bedroom, 1.5 bath condo, listed for $1,350/month. On the higher end, you can expect to pay $2,800 for a 5 bedroom, 3 bath single family home. You can view all of the Crofton, MD rentals on the map below.  If you're not already working with an agent...I can help. Call Rich at 443-995-9595.
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
It's going to be an overcast and rainy day here in Crofton today. Not much to be done outside, so why not come on down and view a couple of Open Houses. I've visited most of the houses that are being held open today and there are some beauties. If you decide to come out today, there are five Open Houses scheduled in Crofton, MD. Three single family houses, and two townhouses. All five Open Houses can be viewed on the link below. Crofton, MD Open Houses for August 14, 2011 A cautious REMINDER for anyone attending an Open House without their agent. The agent at the property is representing the SELLER, and not any potential BUYER. Also, they are not allowed to solicit your business for any other property while you are at the Open House.If you’re interested in any property in Crofton, MD, ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
When my kids were growing up, I remember well the Back to School nights that my wife and I attended each year. The elementary and middle school desks were certainly a challenge for my frame to fit into, but we went. We went, because parents are supposed to be engaged in their childrens schooling. This year, Crofton, MD parents have the opportunity for involvement in their childrens learning by attending Back to School night. The current schedule is below. Crofton Elementary, September 7, 2011, 6:30 PM Crofton Meadows, September 6, 2011, 6:30 PM Crofton Woods, September 6, 2011, 6:30 PM Nantucket Elementary, September 7, 2011, 6:30 PM Crofton Middle, Grade 6, August 25, 2011, 6:30 PM Crofton Middle, Grades 7 - 8, September 8, 2011, 6:30 PM Arundel High, September 1, 2011, 6:30 PM South ...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Do you know where and when your children will catch the bus for school next week? The school bus schedule is now available on the Anne Arundel County Public Schools website, but here are the links to schools throughout the greater Crofton area: Arundel High School  South River High School Arundel Middle School  Crofton Middle School Crofton Elementary School Crofton Meadows Elementary School Crofton Woods Elementary School Davidsonville Elementary School Four Seasons Elementary School Nantucket Elementary School Odenton Elementary School Piney Orchard Elementary School Waugh Chapel Elementary School According to the Anne Arundel County Public Schools website, students are assigned specific buses and bus stops at the beginning of the school year. When special bus transportation arrangeme...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Parents, there's an important date your children's school calendar. Meet your kids' teachers, tour their school and see their classrooms, find out first-hand about the curriculum, and learn first hand what you and your children can expect during the upcoming school year.   Back to School Night has been scheduled for parents at all of the Crofton area schools. If you have children in different schools, you'll probably need to mark your calendar because the events are staggered. Here's the schedule: Don't miss this opportunity to become involved in your children's education.  After all, they're probably spending more waking hours with their teachers and classmates than they are with you. Download the county-wide schedule for back-to-school night on the Anne Arundel County Public Schools c...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
The CNN Money annual list of the Best Places to Live 2011 includes Crofton MD at #82. Most people in Crofton and the greater Crofton area would agree that our community is a “Best Place to Live,” but Money has some stats to back up their claim. Here is the CNN Money comparison of Crofton with the average for all “best places” on their list: In my experience, the primary reasons most people choose to live in Crofton and the surrounding area are not reflected in these statistics. They include recreational opportunities (parks, golf, bowling, movie theaters), public resources (libraries, museums, and arts venues), commuting convenience (international airports, rail, and Interstate highways), nearby employment opportunities (D.C., Baltimore and Annapolis), well-maintained neighborhoods in v...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton, MD has once again made the CNN Money magazines list for the Top 100 Cities in the United States. This year, Crofton came in at 82 on the list. Two other Maryland towns came in on the Top 100 list, Montgomery Village at 40, and Eldersberg at 67. Congratulations to the three Maryland cities that made the Top 100! That's a heck of an accomplishment. Residents, politicians and employees of Montgomery Village, Eldersberg, and Crofton, MD should be proud of the efforts that they've undertaken to be named one of the TOP 100 cities in the entire country.
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
What a spectacular day it is in Crofton today, and there are some spectacular homes that are being held Open. On this beautiful Sunday in the middle of August, there are four open houses scheduled for Crofton, MD. One townhouse and three single family detached homes. All four Open Houses can be viewed on the link below. Crofton, MD Open Houses for August 14, 2011 A cautious REMINDER for anyone attending an Open House without their agent. The agent at the property is representing the SELLER, and not any potential BUYER. Also, they are not allowed to solicit your business for any other property while you are at the Open House.If you’re interested in any property in Crofton, MD, or the surrounding area...I can help. Call Rich for Buyer Representation at 443-995-9595.
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Crofton MD residents will enjoy the new 511 traffic and information service that was launched today in Maryland.  Now you can check for traffic delays due to accidents and construction before you pull out of your driveway.  And it will be a lot easier to give your kids an accurate answer when they ask "How long 'til we get to the beach?" Just dial "511"on your phone for traffic updates, road conditions, public transportation, weather forecast, driving time, reach the beach info, airports, easy-pass, tourism, tolls, etc. The system is highly interactive, and listens to your verbal responses regarding your choices. Why don't you give this a test run before you actually need it in a big traffic jam? 511 on the Internet is even better, with it's "view at a glance" list of traffic episodes. ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Looking at the chart below you can see that the Crofton, MD real estate market continues to have decent sales, and increasing sales month/month since the beginning of the year. Good news so far...absolutely. Can this hold true going forward through the remainder of the year? A couple of things to keep in mind. Take a look at the listings. At the end of July, all Active listings in Crofton, MD were down to 120. Pretty low number if you're trying to sustain increasing sales.  The second important figure to look at is new pendings. New pendings are houses that went under contract, and will be settleing in the next month or two. Crofton, MD showed a steep drop from June to July, 2011.  Fewer listings to sell, and a reduction in the number of pendings will more than likely cause the Crofton,...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Obviously, only time will tell what the effects of the debt downgrade, and the current financial turmoils will have on the Crofton, MD real estate market. Initially, I believe that the effect will be largely psychological for both buyers and sellers. Since rates haven't changed yet, and homes still have a great value proposition, real estate should just go on like it did before the downgrade. I suspect it's not going to be that simple though. Some buyers will continue to sit on the fence because of the uncertainty created. The key word in that sentence is "uncertainty." There will be caution displayed before making one of the largest financial purchases of their life. Those buyers who have to move into the Crofton, MD area because of relocation, will have less trepidation about purchasi...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Crofton, MD is one of the premiere destination communities for people moving into the area, as well as those upsizing and rightsizing their lifestyle. Crofton, and the greater Crofton area offers a variety of housing to fit just about any lifestyle, and price range. Looking for a single family, detached home, Crofton has several sub-divisions offering homes built anywhere from the 60's to today. Prices range from the mid $300's to over $700K in some cases. Does a condo or townhouse fit your lifestyle? Crofton has an excellent selection from the mid $100's to the high $300's.  As you can see from the chart below, the Crofton, MD inventory of homes is shrinking, not growing. The inventory is about as low as I've seen it for quite some time for the peak selling season. While there is stil...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Home buyers still find Crofton an attractive place to live, and Crofton homes have continued to sell throughout the real estate downturn. The stability of the Crofton real estate market is evidenced by the fact that none of the detached homes currently on the market are either bank-owned or potential short sales, according to our regional multiple listing system. DETACHED HOMES There are forty-two detached homes for sale now in the 21114 zipcode, ranging in price from three homes priced just under $300,000 to an 8–year old 6–bedroom colonial in Braddock Farms at $679,900. The most expensive home on the market in “Old Crofton” is actually the $599,990 new home, which is located on the corner of Crofton Parkway and Tarrytown. The majority of homes in Crofton, however, are 20–30 years old....
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
It looks like the real estate community has scaled back on Open Houses during this heat spell that we're going through. On this beautiful Sunday at the end of July, there are only three open houses scheduled for Crofton, MD. All three Open Houses can be viewed on the link below. Crofton, MD Open Houses for July 31, 2011 A cautious REMINDER for anyone attending an Open House without their agent. The agent at the property is representing the SELLER, and not any potential BUYER. Also, they are not allowed to solicit your business for any other property while you are at the Open House.If you’re interested in any property in Crofton, MD, or the surrounding area...I can help. Call Rich for Buyer Representation at 443-995-9595.    
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
I've never seen the Crofton, MD rental market as robust as it is right now. That could change, but for the last couple of months, quality rentals in Crofton have been pretty hard to find. I'm getting calls and emails every day from people visiting my website at http://www.RichSellsHomes.com looking for decent rentals in the area, at a reasonable price. Many military and civilian families are being relocated to Ft. George G. Meade, or the NSA. Some as a result of the Base Realignment and Closing initiative (BRAC), and others with their Permanent Change of Station orders. Crofton, MD is an excellent choice for renters. Located about 15 minutes from Ft. George G. Meade, Crofton has a lot to offer both buyers and renters. Crofton has a nice selection but only 15 rental homes in the current...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Your journey has ended if you're looking for a Crofton, MD townhouse that has it all. You can own this full three level townhouse, in the Crofton Commons sub-division for $310,000. Crofton Commons is one of the few sub-divisions with townhouse availability inside the Crofton Triangle. 2109 Laurance Court, Crofton, MD 21114MLS AA7593505 3 Bedroom2 Full Baths2 Half BathsFormal Living RoomFormal Dining RoomEat in KitchenStainless Steel AppliancesFinished Recreation RoomDeckLarge, fenced yardStorage room
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
  On this somewhat cooler Sunday, July 24, 2011, Crofton MD is offering five Open Houses for buyers to visit. The hours and times of the open houses can be seen on the link below. CROFTON, MD OPEN HOUSES FOR JULY 24, 2011 You can view details of each of the Open Houses on the map below. A cautious REMINDER for anyone attending an Open House without their agent. The agent at the property is representing the SELLER, and not any potential BUYER. Also, they are not allowed to solicit your business for any other property while you are at the Open House.If you’re interested in any property in Crofton, MD, or the surrounding area...I can help. Call Rich for Buyer Representation at 443-995-9595.
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
As you can see from the charts below, the sales data for Crofton, MD seems to have settled and is now trending in the right direction in 2011. Month over month comparisons have been generally positive for units sold. Sales volume is down slightly with homes at the lower price range selling more briskly.Active listings aren’t being replenished as quickly as they were at the beginning of the year. Now is the time to purchase a Crofton, MD home. Interest rates are low, inventory is still decent, but starting to dwindle, and sellers are still willing to negotiate.If you’re not already working with an agent to purchase your Crofton home, or any in the surrounding area, I can help. Call Rich at 443-995-9595.
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