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April Market Statistics – Howard County
Howard County Market Stats – April 2011
The numbers are up! Momentum is here and we feel a slow recovery in the real estate market. Especially in popular Howard County. If you have been sitting on the fence, now is the time to get moving and take advantage of low interest rates and an excellent supply of homes. Don’t wait much longer or you might lose out on some excellent deals!
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $90,399,340 | -15.16% | +24.56% |
| Closed Sales | 219 | -20.36% | +7.35% |
| Median Sold Price | $360,000 | +6.51% | +15.57% |
| Avg Sold Price | $412,782 | +6.53% | +16.03% |
| Avg Days on Market | 104 days | +46.48% | -2.8% |
| Avg Sold to Orig List Ratio | 92.61% | -2.66% | +0.05% |
April Market Statistics – Anne Arundel County
Anne Arundel County Market Stats – April 2011
Most of the numbers are up and this is not a surprise for Anne Arundel County. Most of the BRAC transferees are renting for now, but the sales will be coming in the next few years. So get ready! If you are a Landlord with a home to rent out, you are in excellent shape. Many tenants are coming your way with excellent credit scores. Buyers – buy now while interest rates are low and inventory is high. Enjoy the buyer’s market now because we do not expect it to last.
Enjoy the Spring market!
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $155,394,469 | -9.76% | +7.51% |
| Closed Sales | 457 | -11.61% | +15.99% |
| Median Sold Price | $272,000 | -4.56% | -1.63% |
| Avg Sold Price | $340,032 | +2.09% | -7.31% |
| Avg Days on Market | 130 days | +5.69% | +0.78% |
| Avg Sold to Orig List Ratio | 89.33% | -3.49% | -1.07% |
April Market Statistics – Carroll County
Carroll County Market Stats – April 2011
Again, the trend continues. Numbers are up here in Maryland and days on market is down. Financing has loosened up a bit and the buyers are out there. Sellers – please price your homes competitively and stage your homes properly and they will sell. Enjoy the Spring market!
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $33,774,870 | -12.66% | +49.68% |
| Closed Sales | 122 | -6.15% | +43.53% |
| Median Sold Price | $251,000 | -7.53% | +13.37% |
| Avg Sold Price | $276,843 | -6.94% | +4.29% |
| Avg Days on Market | 146 days | +17.74% | -31.78% |
| Avg Sold to Orig List Ratio | 89.6% | -4.04% | +4.15% |
April Market Statistics – Harford County
Harford County Market Stats – April 2011
The numbers are going up! When you look at month over month numbers, you see the market stabilizing and improving. Especially here in Harford County due to growth at the Aberdeen Proving Ground. Wonderful suburban living, all the shopping you need, easy access to Baltimore, DC, Wilmington and Philadelphia, Harford County is an excellent housing choice.
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $57,147,304 | -18.73% | +11.46% |
| Closed Sales | 226 | -17.82% | +8.13% |
| Median Sold Price | $223,450 | -0.69% | +6.4% |
| Avg Sold Price | $252,864 | -1.11% | +3.08% |
| Avg Days on Market | 143 days | +14.4% | -2.05% |
| Avg Sold to Orig List Ratio | 88.94% | -3.58% | -1.76% |
April Market Statistics – Baltimore County
Baltimore County Market Stats – April 2011
Volume is up and prices are down. Buyers are out there but are definitely looking for value. Sellers – price your homes competitively, stage them properly and the buyers will come. Buyers want turn key properties in excellent condition. Pay attention to your exterior and to your curb appeal – it is worth it. Enjoy the Spring market!
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $116,175,402 | -33.07% | +5.27% |
| Closed Sales | 512 | -24.82% | +6% |
| Median Sold Price | $184,000 | -15.01% | -3.16% |
| Avg Sold Price | $226,905 | -10.97% | -0.69% |
| Avg Days on Market | 138 days | +33.98% | 0% |
| Avg Sold to Orig List Ratio | 86.96% | -6.08% | - |
April Market Statistics – Baltimore City
Baltimore City Market Stats – April 2011
Baltimore City is interesting because there is such a range of pricing and style. From the leafy roads of Roland Park and Homeland to the urban setting of Federal Hill and Fells Point, it is difficult to track trends on all of these areas in one chart. Better to only focus on your neighborhood of interest. Real estate is very local, especially in Baltimore. Call us with your specific neighborhood of interest and we can narrow down the numbers for you.
| Statistic | Values | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | $57,587,935 | -28.54% | +20.36% |
| Closed Sales | 464 | -13.91% | -4.72% |
| Median Sold Price | $95,000 | -25.78% | +82.69% |
| Avg Sold Price | $124,112 | -16.99% | +26.33% |
| Avg Days on Market | 138 days | +15% | +4.55% |
| Avg Sold to Orig List Ratio | 80.32% | -5.35% | +4.76% |
Owings Mills Newspaper
We recently mailed out a Newspaper for Owings Mills New Town with quality information on the real estate market as well as specific figures for the Owings Mills New Town market. We have included 2 pages of that newspaper here, Page 1 and Page 2, for your reading pleasure.
We would be happy to send you a copy of the entire newspaper. If you would like a copy please stop by our office or send us an email with your home address and we will send you a copy!
Anne Arundel Population Growth & the Odenton Rental Rush
Are you on the fence? Are you still wondering whether Anne Arundel County is a good investment? 
It is time to hop off the fence! Recent statistics show that Anne Arundel County is an excellent investment.
The statistics show that Anne Arundel County has seen a population boom over the past decade and has topped 500,000! With BRAC, there are no signs that the population growth will slow down any time soon! The bulk of BRAC is not scheduled to hit until the end of 2012…so we still have a ways to go in terms of growth!
This is excellent news for the housing market in Anne Arundel County! Not only will people be looking to purchase homes in Anne Arundel County, but they will also be looking to rent there while they get situated.
If you have been considering investment opportunities in the area, now is the time!
We all know that now is a great time to purchase real estate…interest rates are low and it is a buyers market! So if you have the desire to become a landlord and increase your investments, it is time to start looking for homes in Odenton.
With that said, remember that you need to be smart when purchasing rental properties. It is important that the numbers make sense so that you can make a profit. Check out the current Piney Orchard properties on the market…one of these may be the perfect investment opportunity for you!
See anything that interests you? Give us a ring or drop us an email. We have an agent that specialized in Anne Arundel County and she is ready to serve you.
Contact Yaffe Real Estate, we can assist you in finding the RIGHT rental properties for your investment portfolio.
Under Armour Move Headquarters to Locust Point, Baltimore
We are lucky to have Under Armour! 
Not only do we love their clothes but Kevin Plank has been so loyal and so good to Baltimore and the state of Maryland.
Under Armour reached their goal of a $1 billion in sales in 2010 and also announced that they will be buying the Tide Point complex as their headquarters. Located in Locust Point, Under Armour will be walking distance from the popular neighborhoods of Federal Hill and the Inner Harbor.
All in all a big win for Baltimore! Local guy makes good. Brings tons of jobs, is successful and chooses to headquarter the company here. Thank you Kevin Plank!
Check out these homes for sale in Locust Point, Federal Hill, the Inner Harbor.
See anything that interests you? Give us a call or drop us an email. Our agents are all native Baltimoreans and know these neighborhoods extremely well.
Contact Yaffe Real Estate…we will assist you in find the home of your dreams whether you are renting or buying!
New Tax Laws that Affect Baltimore Landlords
Do you own rental properties?
Be Aware that some laws have changed. Starting in 2011, all landlords must comply with the 1099 reporting rules for your independent contractors you hire for rental-related work.
This would be your gardener, your HVAC contractor, your handyman, etc. Wow…this could become a lot of work for you busy landlords out there!
There are some exceptions and you should definitely contact your tax professional. You don’t have to file the 1099s until 2012 but you do need to start keeping track of payments now.
Or…you could just hire Chesapeake Property Management, Inc. for you and we will handle this task for you while you go back to the golf course and have fun!
Contact Us today to discuss our property management services and find out how we can make your life easier!
Disclaimer: We are not tax professionals. Please contact your tax professional for additional information.