Severna Park, MD Real Estate News

By June Piper-Brandon, Piecing Dreams One Home at a Time
(Houwzer Inc)
Severna Park, MD Farmer's Market Opens for the Season  Do you like shopping for local food?  Are you interested in reducing your carbon foot print?  Or, are you just interested in eating healthier?  I've been watching Emeril on the Planet Green network and I'm totally hooked.  I am now even happier that the farmers' market season is upon us. Don't miss the grand opening of this local Severna Park favorite.  Shop for locally grown fruits and vegetables, fresh baked breads and pastries and much more.  Starting on Saturday, April 24, 2010 at 8:00 am until noon through to October 30th, the Severna Park Farmers' Market will be open.  The Farmers' Market is located at the intersection of Ritchie Highway (Route 2) and Jones Station Road.   For more information, call Anita Robertson at 410-827-...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
The Severna Park, MD real estate market had some significant increases but wasn't running on all cylinders when comparing March 2010 to the same period in 2009. Total units sold in 2010 were 16, compared to 8 in March of 2009. A very decent increase of 100%. In previous months, Severna Park, MD, has been lagging behind other communities in the area slightly during the previous months. Sales dollar volume in Severna Park, MD for March 2010 were $8,059,227, an increase of 116% from 2009. The average sold price jumped to $503,702, an 8.48% increase from the same period last year. In March of 2010, an Severna Park, MD home for sale could expect to be on the market for 139 days, on average. This is one indicator that is going in the wrong direction. Last year in March, a home for sale in Sev...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Real Estate 21146 - Status for Week Ending 04/03/10 The current Active MLS inventory for Severna Park, MD homes is 180. An increase of 2 over last week. 5 of these are rentals and 175 are homes for sale. View Larger Map As you can see from the chart below, eleven new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 3 br, 1 bath listed for $299,900. The largest of the new listings was a 5 br, 4.5 bath house in the Cattail Creek Estates section listed for $1,629,900. There were no new rental listings that came on the market this past week in Severna Park, MD. Nine properties moved into or changed a form of Contract status. Six of these properties moved i...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
SHIPLEY'S CHOICE - ONE OF ANNE ARUNDEL COUNTY'S MOST POPULAR COMMUNITIES - BEAUTIFUL HOMES AND AMENITIES - SEVERNA PARK PUBLIC SCHOOLS Shipley's Choice real estate is one of the most popular residential communities for home buyers seeking to buy a home in Anne Arundel County.  Just minutes from the Baltimore Washington International Airport, Baltimore and Annapolis, this established and popular community offers beautiful homes with wide streets, mature trees, beautiful landscaping and the amenities desired by home buyers. Just a drive through the community will show you why these homes for sale in Shipley's Choice are so much in demand - - - when they are offered for sale.      Shipley's Choice is a Winchester Homes built community with about 1300 homes constructed from 1968 through 199...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Real Estate 21146 - Status for Week Ending 03/27/10 The current Active MLS inventory for Severna Park, MD homes is 178. 6 of these are rentals and 172 are homes for sale. As you can see from the chart below, fifteen new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 3 br, 2 bath listed for $279,900. The largest of the new listings was a 4 br, 2.5 bath house in the Lower Magothy Beach section listed for $1,179,000. Three new rental listings came on the market this past week. A bit of an explanation on this though. One house is actually listed three times, once for the basement, once for the main house, and once for both. Twelve properties moved into o...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Real Estate 21146 - Status for Week Ending 03/20/10 The current inventory for Severna Park, MD homes is 164. 5 of these are rentals and 159 are homes for sale. As you can see from the chart below, sixteen new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 4 br, 3.5 bath listed for $325,000. The largest of the new listings was a 2 br, 3 bath house in the Magothy Beach section listed for $769,900. One new rental listing came on the market this past week. Eight properties moved into a form of Contract status. Three of these properties moved into full contract status. This is a future indicator of settlements to come in the near future. Eight homes compl...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Market Statistics - February 2010 As you can see, in most real estate sales categories, Severna Park MD did not do well comparing February, 2010 to February, 2009. Sales volume and units sold decreased -35% and -28% respectively. The base is low, making it difficult to determine an accurate market assessment based on units alone. While the decrease year over year was significant, Severna Park typically sells around 20 homes per month, on average. Winter months are always difficult to project because of severe weather fluctuations and relatively low number of sales. February of 2010 had two major snow storms which affected real estate in the entire county. Several other indicators can help to see what's going on in the Severna Park, MD real estate market. The average days...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park, MD 21146 Housing Inventory If you're searching for a home in Severna Park, MD, you have a wide variety of homes to choose from in many upper price ranges. Severna Park, MD is one of the choice destination communities in Anne Arundel County, Maryland. Severna Park, MD has a number of excellent homes to choose from if you're relocating into the area as a result of the Base Realignment and Closing initiative, BRAC. Price Range Inventory $100,000 - $149,999 0 $150,000 - $199,999 1 $200,000 - $249,999 1 $250,000 - $299,999 5 $300,000 - $349,999 12 $350,000 - $399,999 15 $400,000 - $449,999 18 $450,000 - $499,999 9 $500,000 - $549,999 14 $550,000 - $599,999 10 $600,000 - $649,999 9 $649,999 - $699,999 14 $700,000 - $799,999 11 $800,000 - $999,999 11 $1,000,000 - $2,000,000 16 $2...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Foreclosures Foreclosure Categories Bank Owned 1 Preforeclosure 14 Auction 10 Severna Park MD Bank Owned Properties - 02/21/10 Address Price BR/FB/HB Listing Courtesy 83 Hoyle Lane $425,000 4/4/0 RE/MAX LE If you're interested in seeing a Severn MD foreclosure, I can help. Richard Iarossi, REALTOR® Long and Foster® Real Estate, Inc. Crofton, MD 21114 410-451-6255 Office 443-995-9595 Cell Web: http://www.RichSellsHomes.com eMail: Rich@RichSellsHomes.com Annapolis MD Real Estate Specialist Bowie MD Real Estate Specialist Crofton MD Real Estate Specialist ©2009 - RichSellsHomes, All Rights Reserved
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Market Statistics - January 2010 As you can see, in most real estate sales categories, Severna Park MD did extremely well comparing January, 2010 to January, 2009. Sales volume and units sold increased 135% and 171% respectively. The base is low, making it difficult to determine an accurate market assessment based on units alone. While the increase year over year was significant, Severna Park typically sells around 20 homes per month, on average. Winter months are always difficult to project because of severe weather fluctuations and relatively low number of sales. Several other indicators can help to see what's going on in the Severna Park, MD real estate market. The average days on market decreased -16% year over year. On average, in January 2010, Severna Park MD homes...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
ANNE ARUNDEL COUNTY REAL ESTATE - SEVERNA PARK HOME PRICES 2009 AND 2010. The average price for a detached single family home in Severna Park during 2009 was $498,956.  249 single family homes sold in Severna Park in 2009.  The average list price for a detached single family home in Severna Park in January 2010 is $769,012.  There are 150 active listings of single family homes for sale in Severna Park in 2010. Severna Park is a popular location for home buyers due to the highly ranked public schools and water front properties on the Severn River and Magothy River.                                                                    New Homes in Severna Park are in the luxury price ranges.                                                                              Severna Park is convenie...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Real Estate - Status for Week Ending 01/30/10 Severna Park, MD added eight new active listings to the current inventory last week. The least expensive was a 3/2 rancher in the Riverdale Forest section. The most expensive listing was a 4 bedroom, 3 bath Cape Cod waterfront on an acre of land. Oh yeah, the price for this one, if you're interested, is $1,400,000. Severna Park, MD is not a big rental market but a new rental listing in McKinsey Park came active. 4  properties moved or changed status into some sort of Contract status, while 7 sold and went to settlement. Same as last week. The contract status changes tends to be a future indicator of settlements to come in the near future. If you're looking to purchase or sell a home in Severna Park, MD or the surrounding area...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD Real Estate - Status for Week Ending 01/23/10 Severna Park, MD added fourteen new active listings to the current inventory last week. The least expensive was a 3/2 rancher int eh Riverdale section. If you're looking for a 3/2 rancher in the water oriented Manhattan Beach section, you're going to have to pony up $749,900. At least, thats the beginning asking price. Severna Park, MD is not a big rental market and nothing that happened last week changed that. No new rentals and not rentals went off the market. 4  properties moved or changed status into some sort of Contract status, while 7 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future. If you're looking to purchase or sell a home in Severna ...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD, 21146 December 2009 2008 % Change Sold Dollar Volume $6,347,400 $10,642,660 -40.36% Average Sold Price $423,160 $560,140 -24.45% Median Sold Price $424,000 $535,000 -20.75% Total Units Sold 15 19 -21.05% Average Days on Market 85 166 -48.80% Average List Price for Solds $466,213 $676,072 -31.04% Unlike November, 2009 Severna Park, MD has shown a pretty significant, negative sales trend in December. When comparing December 2009 to December 2008, almost every category, except days on the market, went in the wrong direction. Some of the activity could have been affected by first time home buyers trying to cram in a sale in November before the $8,000 tax credit was to originally have expired. Severna Park, MD had an inventory of 168 homes for sale at the end of December. Fi...
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By Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate
(Coldwell Banker Residential Brokerage)
Severna Park MD, 21146 November 2009 2008 % Change Sold Dollar Volume $13,269,900 7,178,898  +84.85% Average Sold Price $473,925 $598,242 -20.78% Median Sold Price $420,000 $389,999 -7.69% Total Units Sold 28 12 +133.33% Average Days on Market 148 138 +7.25% Average List Price for Solds $523,891 $690,350 -24.11% Severna Park, MD has shown a sales trend that we haven't seen in many communities in Anne Arundel County. Like Severna Park, most communities in Anne Arundel County have shown pretty significant sales increases in November 2009, compared to November 2008. However, other communities seem to be drawing their increases from first time home buyers. Severna Park on the other hand generated most of the home sales in the above $300K price range. It is also one of the few communities wh...
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Why Is This Cute Couple All Smiles? You Would Be, Too, If You Just Purchased This Great Home in Severna Park Here at The Moss Haedrich Team, we like to say that we have the best clients in the world. Maybe it's the Law of Attraction at work or something, but the homebuyers and sellers who find us and work with us - by referral, through this blog, or whatever - are just a real pleasure. Take this happy couple here, John Haines and Dina Duncan. We'd been working with them for about six months to help them locate and preview homes that would fit their needs and lifestyle. When we finally had the opportunity to show them this one - 101 St. Ives Drive in Severna Park - they knew right away it was "the one." Says Dina, "My favorite style is Mid Century Modern and it was amazing to find such a...
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By Michael Johnson
(Marathon Real Estate)
Spring Time is Here!! With the arrival of spring it is a great time to get the kids and yourselves out of the house.  Kinder Farm Park in Millersville is a great place to go.  The park borders the city of Severna Park and the several communities. Kinder Farm Park is a part of the Anne Arundel Parks and Recreations so if you have a park's pass it is free to get in.  Kinder Park hosts a variety of activities for the young and old alike.  There are trails both paved and dirt for hiking, bicycling and even horseback riding.  A huge playground in located at the parks center and the farm offers many different animals that the kids love to look at. For those of you who love gardening, Kinder Park Farm offers community gardens for rent.  It is a great place to come and try your hand at growing ...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
Now that we have the first quarter statistics for the Severna Park, MD market, let's look at some of the revealing and not so revealing numbers. A total of 29 homes have sold in the Severna Park area.  It has taken anywhere between 2 - 7 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 80% - 95%. 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 80% - 95% of their asking price.  A most compelling statistic in the Severna Park, MD market is the increase in number of...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
Market Statistics for Severna Park, MD in March 2009: Number of Homes Sold - 8 Average Sold Price - $464,328 Median Sold Price - $456,750 Average Days on the Market - 64 Average Sale Price as a percentage of Average List Price - 95.28%. 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, 8 homes sold. 4 of those homes sold between $300,000 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 64 days to sell these 8 homes i...
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By Michael Johnson
(Marathon Real Estate)
Have You Ever Done a Transcation With This Agent? We know who these agents are, $100 Gazillion in sales last year, Lifetime Achievement Award, Hall of Fame, blah, blah, blah blah blah! How is it that agents like these are still kissing themselves in the mirror attempting to convince the public how great they are?  In difficult markets like the one that we are currently in, we must remember to do business with other agents in the same manner we would like to be treated. Return phone calls, emails, offer showing feedback when asked, and carry a transaction through as "time is of the essence." Here's to a fantastic Spring!     
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