Severna Park, MD Real Estate News

By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
From the Desk of Rich Shull........... Market Statistics for Severna Park, MD in February 2009: Number of Homes Sold - 7 Average Sold Price - $592,015 Median Sold Price - $575,000 Average Days on the Market - 203 Average Sale Price as a percentage of Average List Price - 83.39%. 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 Severna Park, MD (6 homes) fell between the price ranges of $450,000 and $899,999. We know that the market has significantly slowed down but it bares repeating with the ...
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By Michelle Bowman, MD Realtor, GRI
(Keller Williams Flagship)
From the Desk of Rich Shull........... Market Statistics for Severna Park, MD in January 2009: Number of Homes Sold - 7 Average Sold Price - $592,015 Median Sold Price - $575,000 Average Days on the Market - 203 Average Sale Price as a percentage of Average List Price - 83.39% 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 Severna Park, MD (6 homes) fell between the price ranges of $450,000 and $899,999. We know that the market has significantly slowed down but it bares repeating with the hel...
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By Michael Johnson
(Marathon Real Estate)
It seems no matter where you turn, the downturn of the global economy has been blamed on the collapse of the credit and real estate markets. Certainly lending did get out of hand and homes were used as ATM's for far too long. However, the link to gas prices and the collapse of the financial markets is rarely discussed. Prior to Hurricane Katrina in the fall of 2005, the supply of gas suddenly diminished. Naturally, unrest in the Middle East and two wars were real causes for concern. Any wrinkle in the delivery and shipping of oil has a near immediate cause and effect reaction on the cost of crude oil. We can all remember the painful images and stories from the devastation of the Category 5 hurricane. In the midst of that tragedy, the entire world would soon see the price of gas and heat...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
This is a Severna Park Maryland real estate update for Saturday November 29, 2008.  As of today Saturday November 29, 2008 there are currently 193 homes for sale in Severna Park Maryland in our MRIS MLS System.  These are fee simple homes for sale and detached single family homes.  Severna Park Maryland is located east of Washington DC in Anne ArundelCounty Maryland and has proximity to Baltimore and Annapolis.  Severna Park Maryland has great homes, neighborhoods, and some great subdivisions with reasonably priced single family detached fee simple homes for sale. Below is a current list of activity on single family homes for sale in Severna Park Maryland. 193 'Active' -  Severna Park Maryland Homes 1 'Cntg/KO' - Severna Park Maryland Homes 7 'Cntg/NO KO' - Severna Park Maryland Homes 1...
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By Gloria and Jason Belmonte, www.cecilcountyhomesearch.com
(Prudential Fox&Roach The Belmonte Group)
Gloria Price | Long & Foster Real Estate Company | 443-676-0223 312 Ebony Lane, Severna Park, MD The Weathers Cooling off, but wait, there's an indoor pool! 6BR/3.5BA Single Family House offered at $1,250,000   Year Built 1932 Sq Footage 4,476   Bedrooms 6 Bathrooms 3 full, 1 partial   Floors 3 Parking Unspecified   Lot Size 176,635 sqft   HOA/Maint $0 per month     DESCRIPTION WOW!Rarely availble opportunity,over4acres in SevernaPark!Nestled between the Severn and Magothy,century old farmhouse you have to see to believe. 6brs,3.5baths.Fully equipped gourmet kitchen w/jennair appl.,granite,separate butlers pantry w/all amenities.Indoor heated pool w/wet bar 4 entertaining.34x80detached garage with office,4zoned a/c.8lotsubdiv.potential see lot/land.   see additional photos below      P...
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By David & Lisa Webber, www.webberteam.com
(RE/MAX Executive)
This is such a darling home, 3 bedrooms, 3 levels, backing to the woods with a deck for entertaining. It's in a great neighborhood with Blue Ribbon Severna Park schools, not far off Rt. 2, so it's an easy commute into Washington DC or Baltimore. Click on the photo below for more details on this home for rent, it's only $1650/month for a single family home. ************************************************************************************* To list your property for sale or to purchase a property in Maryland, call Lisa & David Webber, ABR, Licensed Realtors®. For more information on our services, please visit our profile or our website. To view all the Maryland Homes For Sale Click here and then click on Property Search on the left hand side. We know Anne Arundel, Howard, Calvert, Charl...
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By Melissa DelGaudio
(CHAMPION REALTY, INC.)
My word, has it really been 20 years. Adams, the Place for Ribs  has been a Severna Park landmark for years. The tell-tale blue smoke, and wonderful scent of cooking ribs often permeates downtown Severna Park, right out side the Champion Realty Severna Park office, where I can often be found. Adams is a real neighborhood spot, and after 20 years you'll still find a line both at the carry out side, and the seating side as families clamor for thier ribs and brisket.  In fact, Adams help sustain all of my husbands brothers, each of them worked at Adams though high school and summers during college. In fact, one brother helped open Adams, when it was a simple carry-out counter, when Dawsons was still a country store.  Stores have come and gone from Severna Park, but Adams has become a stead...
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By Melissa DelGaudio
(CHAMPION REALTY, INC.)
When it’s time to buy a home you may wonder how much house you can afford with all of you other financial obligations. Among other things, you probably have a car payment, some credit card debt, and maybe a hefty student loan installment to pay each month. Keep in mind that there will be more than the monthly cost of the mortgage to budget for, also allowing for closing costs, home insurance, and possibly private mortgage insurance.  Here is a quick way to figure out how much debt you may want to carry. Keep in mind, however, this a general formula and doesn’t apply to everyone’s situation. In most cases, you should be able to afford a home that costs about 2½ times your annual gross income. Many lending institutions suggest that your monthly mortgage payments, including costs for inte...
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By Melissa DelGaudio
(CHAMPION REALTY, INC.)
When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a “home.” Yet if you are selling property, they will often refer to it as a “house.” There is a reason for this. Buying real estate is often an emotional decision, but when selling real estate you need to remove emotion from the equation. You need to think of your house as a marketable commodity. Property. Real estate. Your goal is to get others to see it as their potential home, not yours. If you do not consciously make this decision, you can inadvertently create a situation where it takes longer to sell your property. The first step in getting your home ready to sell is to “de-personalize” it. When a potential homebuyer sees your family ...
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