Odenton, MD Real Estate News

By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
Now that we have the first quarter statistics for the Odenton, MD market, let's look at some of the revealing and not so revealing numbers. A total of 57 homes have sold in the Odenton area.  It has taken anywhere between 4 - 5 months to sell.  The average price is a number that can be greatly skewed by the sale of a $1 million dollar home, so we'll leave that statistic alone.  The Average Sale Price as a percentage of Average List Price over the 3 month period ranges from 87% - 92%. It's called a contract sales price.  It does NOT take into account factors such as closing costs or closing help (if any). In other words, sellers should expect to get between 87% - 92% of their asking price.  A most compelling statistic in the Odenton, MD market is the increase in number of active listing...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
 Market Statistics for Odenton, MD in March 2009: Number of Homes Sold - 24 Average Sold Price - $284,011 Median Sold Price - $277,250 Average Days on the Market - 129 Average Sale Price as a percentage of Average List Price - 90.15%. Source: Metropolitan Regional Information Systems, Inc (MRIS) I'm not a big fan of Average and Median Sold Price Numbers.  Many variables can skew the data.  A large sale ($1-$2 Million Dollars) can raise the average sold price but not be characteristic of what's going on throughout the entire market.  In March, 24 homes sold. 22 of those homes sold between $200,000 to $399,999 range. We know that the market has significantly slowed down but it bears repeating with the help of numbers.  As you can see, it took an average of 129 days to sell these 24 homes...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
From the Desk of Rich Shull........... Market Statistics for Odenton, MD in February 2009: Number of Homes Sold - 13 Average Sold Price - $301,495 Median Sold Price - $280,000 Average Days on the Market - 138 Average Sale Price as a percentage of Average List Price - 92.32%. Source: Metropolitan Regional Information Systems, Inc (MRIS) I'm not a big fan of Average and Median Sold Price Numbers.  Many variables can skew this data.  A large sale ($1-$2 Million Dollars) can raise the average sold price but not be characteristic of what's going on throughout the entire market.  In February, the bulk of the homes sold in Odenton, MD (11 homes) fell between the price ranges of $200,000 and $399,999. We know that the market has significantly slowed down but it bares repeating with the help of ...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
From the Desk of Rich Shull........... Market Statistics for Odenton, MD in January 2009: Number of Homes Sold - 20 Average Sold Price - $329,690 Median Sold Price - $302,745 Average Days on the Market - 118 Average Sale Price as a percentage of Average List Price - 87.49%. Source: Metropolitan Regional Information Systems, Inc (MRIS) I'm not a big fan of Average and Median Sold Price Numbers.  Many variables can skew this data.  A large sale ($1-$2 Million Dollars) can raise the average sold price but not be characteristic of what's going on throughout the entire market.  In January, the bulk of the homes sold in Odenton, MD (18 homes) fell between the price ranges of $200,000 and $399,999. We know that the market has significantly slowed down but it bares repeating with the help of nu...
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By Joel Bennett, The Joel Bennett Group
(Long & Foster Real Estate Inc.)
Total Active Resale Properties 183 New Listing (Past 30 Days) 50 Total Under Contract 26 SOLD Properties (Past 30 Days) 13 Average Sold Price $301,495 Average List Price $326,580 Average Days on the Market 138      *SOURCE:  METROPOLITAN REGIONAL INFORMATION SYSTEMS, INC. - MLS RESALE DATA LOOKING TO SELL YOUR CURRENT HOME SOON? If you are considering listing and selling your Anne Arundel County, Baltimore County, Howard County or Prince George's County Maryland real estate, I can provide a FREE HOME EVALUATION REPORT some call it a Comparative Market Analysis Report (CMA).  The report will detail all of the Anne Arundel County, Baltimore County, Howard County or Prince George's County homes comparable to yours that have recently SOLD in your immediate market area!   CLICK HERE TO GET ...
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By Emmaniece Gordon, PSC, CDPE, Realtors, Local Real Estate Expert, Mar
(Dekka Realty)
Don't get caught falling without a net!  We have the training, knowledge and know how to guide you through the short sale proceedings. The MD HomeSource Group is one of Maryland's leading Real Estate expert.  CEO Emmaniece Gordon is a licensed Associate Broker, serving the needs of Maryland area Buyers and Sellers.  We understand that finding the right solutions to your real estate needs are critical in the current Real Estate Market. That is why we set high standards.  Buying or Selling a home can be a complex undertaking and hiring the right team of Real Estate professionals is also very critical. Emmaniece Gordon, CDPE  will help save you time, money and frustration in the process.   We are equipped to handle all your real estate needs in the current skilled based market, to handle a...
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By Emmaniece Gordon, PSC, CDPE, Realtors, Local Real Estate Expert, Mar
(Dekka Realty)
Don't get caught falling without a net!  We have the training, knowledge and know how to guide you through the short sale proceedings. The MD HomeSource Group is one of Maryland's leading Real Estate expert.  CEO Emmaniece Gordon is a licensed Associate Broker, serving the needs of Maryland area Buyers and Sellers.  We understand that finding the right solutions to your real estate needs are critical in the current Real Estate Market. That is why we set high standards.  Buying or Selling a home can be a complex undertaking and hiring the right team of Real Estate professionals is also very critical. Emmaniece Gordon, CDPE  will help save you time, money and frustration in the process.   We are equipped to handle all your real estate needs in the current skilled based market, to handle a...
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By Emmaniece Gordon, PSC, CDPE, Realtors, Local Real Estate Expert, Mar
(Dekka Realty)
Don't get caught falling without a net!  We have the training, knowledge and know how to guide you through the short sale proceedings. The MD HomeSource Group is one of Maryland's leading Real Estate expert.  CEO Emmaniece Gordon is a licensed Associate Broker, serving the needs of Maryland area Buyers and Sellers.  We understand that finding the right solutions to your real estate needs are critical in the current Real Estate Market. That is why we set high standards.  Buying or Selling a home can be a complex undertaking and hiring the right team of Real Estate professionals is also very critical. Emmaniece Gordon, CDPE  will help save you time, money and frustration in the process.   We are equipped to handle all your real estate needs in the current skilled based market, to handle a...
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By Emmaniece Gordon, PSC, CDPE, Realtors, Local Real Estate Expert, Mar
(Dekka Realty)
Don't get caught falling without a net!  We have the training, knowledge and know how to guide you through the short sale proceedings. The MD HomeSource Group is one of Maryland's leading Real Estate expert.  CEO Emmaniece Gordon is a licensed Associate Broker, serving the needs of Maryland area Buyers and Sellers.  We understand that finding the right solutions to your real estate needs are critical in the current Real Estate Market. That is why we set high standards.  Buying or Selling a home can be a complex undertaking and hiring the right team of Real Estate professionals is also very critical. Emmaniece Gordon, CDPE  will help save you time, money and frustration in the process.   We are equipped to handle all your real estate needs in the current skilled based market, to handle a...
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By Emmaniece Gordon, PSC, CDPE, Realtors, Local Real Estate Expert, Mar
(Dekka Realty)
  NO Worries, No Complications, No Excuses, No Kidding Most buyers and sellers are aware that buying or selling a home in today's shifted market is serious business. That's why Emmaniece Gordon, CDPE provides service that removes the unknowns so you can rest easy throughtout the process.  Call the agent who's in the know.  Emmaniece Gordon, CDPE 301-728-0924. As a Certified Distressed Property Expert, Emmaniece Gordon of the MD HomeSource Group has the experience, knowledge and expertise to work with lenders on your behalf with your best interest in mind when you are put in a short sale situation. Find out what your home is worth in today's "SHIFTED" Market!  http://www.mdhomesource.com/whats-my-home-value.asp My team and I are equipped to help you weather the storm of facing foreclosur...
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By Joel Bennett, The Joel Bennett Group
(Long & Foster Real Estate Inc.)
Total Active Resale Properties 180 New Listing (Past 30 Days) 28 Total Under Contract 15 SOLD Properties (Past 30 Days) 23 Average Sold Price 311,274 Average List Price 358,227 Average Days on the Market 160      *SOURCE:  METROPOLITAN REGIONAL INFORMATION SYSTEMS, INC. - MLS RESALE DATA LOOKING TO SELL YOUR CURRENT HOME SOON? If you are considering listing and selling your Anne Arundel County, Baltimore County, Howard County or Prince George's County Maryland real estate, I can provide a FREE HOME EVALUATION REPORT some call it a Comparative Market Analysis Report (CMA).  The report will detail all of the Anne Arundel County, Baltimore County, Howard County or Prince George's County homes comparable to yours that have recently SOLD in your immediate market area!   CLICK HERE TO GET YO...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Odenton, MD Real Estate Market Statistics for Zip Code 21113 December over December Statistics Source: Metropolitan Regional Information Systems, Inc.   2004 2005 2006 2007 2008 Sold Dollar Volume $20,479,713 $15,507,220 $17,532,692 $10,739,500 $7,159,300 Average Sold Price $288,447 $352,437 $350,654 $357,983 $311,274 Median Sold Price $270,000 $346,653 $330,000 $325,450 $290,000 Avg Days on Market 28 34 135 130 160 Units Sold 71 44 50 30 23 The Odenton real estate market has been declining for several years in sync with the overall general real estate decline. While the impact of BRAC in Ft. Meade hasn't seen any significant gains of yet, they should start in 2009. Odenton should see a robust market as a result of the influx of families and jobs as a result of BRAC. As you can easily s...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Savvy Crofton and Odenton renters are resolving to buy a home in 2009. With prices and interest rates at their lowest point in recent years, it's hard to imagine any reason for renting other than unresolved credit issues. If you haven't yet made a commitment to buy a home in 2009, here are my Top Ten Reasons for doing it now: 1.  Pride of Ownership - You can decorate and landscape according to your own taste, on your own schedule. 2.  Control of Your Own Destiny - No worries about the landlord renewing your lease or raising the rent. 3.  Tax Benefits - Tax deductions for all interest and property taxes included in your mortgage payment, significantly reducing your effective monthly payment.  And don't forget about the $7,500 tax credit on your 2009 federal income taxes return, provided ...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Maynard Hendershot is not your average school volunteer.  In fact, he was recognized by the Anne Arundel County Public Schools as November VOLUNTEER OF THE MONTH.  Congratulations, Mr. Hendershot! Where would our public schols be without the hundreds of class moms, parent organizers, and fundraisers in schools across the county?  Yet even among these volunteer "stars" in the lives of children in our county, Mr. Hendershot stands out as a "professional, tireless, and priceless volunteer." According to a press release by Anne Arundel County Public Schools, Maynard Hendershot volunteered to man the doors of Odenton Elementary each morning and afternoon to help keep the students safe. He has been the official "greeter" in the main hallway for three years, always taking extra time to communi...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
After all that disruption in the national and world economy in October, I expected the worst when October real estate statistics for Odenton were released.  While things certainly didn't improve, the decline wasn't nearly as drastic as I expected, and it could have been much worse.  Twenty-three homes did sell, in spite of concerns about the stock market, unemployment and the banking debacle, including new restrictions on mortgage financing qualifications.     The Average sold price in Odenton is down from last month, and lower than every month this year.  But it's down less than 10% - "only" 7.26% - from last year - not as bad as I expected in these difficult economic times. Median prices are down 6.24% from October 2007.           The number of units sold in Odenton declined during Oc...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Imagine my surprise when I saw this video indicating my vote swung the election.  Take a look... you might want to customize this and send it to your friends, regardless of your political viewpoint.   I guess the moral of this video is "Vote" (regardless of which candidate you support). Take a look at some of the ways history has been shaped by just one vote: * 1645 - Oliver Cromwell gained control of England. * 1649 - Charles I of England was executed. * 1776 - America chose the English language instead of German. * 1800 - The Electoral College gave Thomas Jefferson the Presidency over Aaron Burr. * 1839 - Marcus Morton became Governor of Massachusetts. * 1845 - Texas came into the Union. * 1868 - President Andrew Johnson was saved from impeachment. * 1876 - Rutherford D. Hayes won the...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
MARC Rail Stations at BWI and Odenton Included in Your Online Relocation Package for Anne Arundel County, Maryland - Home of Fort George G. Meade, NSA, Northrop Grumman, BWI, and the U.S. Naval Academy.   Commuting from Anne Arundel County to Washington, D.C. or Baltimore is not limited to driving your car or taking METRO.  In fact, MARC Rail is the commuting method of choice for many Anne Arundel County residents who live near BWI or in the greater Odenton area including Crofton, Gambrills, Fort Meade and other nearby communities. The history of Odenton as a railroad town dates back to 1840 when the Annapolis & Elkridge Railroad was built across this sparsely populated area of Anne Arundel County.  Then, when the Baltimore and Potomac Railroad was constructed in 1868 to connect Baltimo...
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By Margaret Woda, Maryland Real Estate & Military Relocation
(Long & Foster Real Estate, Inc.)
Whether you're relocating to Anne Arundel County for a second career, or trading in your current home for an "active adult" lifestyle,  you have many nearby options.  You'll find that Anne Arundel County Rolls out the Red Carpet for Active Adults, and there is no shortage of options.  To help narrow down the list and focus on the communities that are right for you, I suggest these five steps: 1.  Select a location or area to focus your search.  What do you want to be near?  Work... friends or family... shopping? 2.  Make a list of your "wants" - the features and amenities you would have in your next home and community if price were no object.  For example, how many bedrooms and baths?  Fireplace?  Garage?  Community facilities and activities?  3.  Separate your "needs" from your "wants"...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
The Fort Meade Homes Team | (410) 721-6694 | FortMeadeHomes@aol.com 1130 Court Revere, Odenton, Maryland, 21113 3 BR / 1.5 BR - single family All Brick Single Family Home Minutes to Ft. Meade/NSA FOR RENT - By Real Estate Agent Price/Rent $1,650.00 Bedrooms 3 Bathrooms 1.5 Lot Size 0.00 acres Nearest Bases Fort Meade / NSA < 10 Miles Annapolis Naval Station < 20 Miles Curtis Bay Coast Guard Yard < 20 Miles Open House: T23:59:59/ to Description Over 2,000 s.f. of living area in this single family brick rancher with large eat-in kitchen, formal dining room, living room with corner fireplace and remodeled main bath. Huge open basement with recreation room, storage area and half bath. Fully fenced yard with shed, hardwood floors on main level and more. Pets case by case. Features Interior:...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
The Fort Meade Homes Team | (410) 721-6694 | FortMeadeHomes@aol.com 2108 Commodore Court, Odenton, Maryland, 21113 3 BR / 2.5 BR - townhouse End Unit Seven Oaks Townhome FOR SALE - By Real Estate Agent Price/Rent $319,900.00 Bedrooms 3 Bathrooms 2.5 Area Sq Ft 2032 Lot Size 0.04 acres Year Built 1990 Nearest Bases Fort Meade / NSA 0 Miles Curtis Bay Coast Guard Yard < 20 Miles Annapolis Naval Station < 20 Miles Availablility Date: 2008-03-20 Open House: 2008-03-20 to 2008-03-20 Description This beautiful end unit townhome is located in the Seven Oaks Subdivision. Main level offers an open floorplan including kitchen with oak cabinetry, recessed lighting, and breakfast nook with box bay window, formal dining room that opens to the living room, and French doors to the deck overlooking co...
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