Thursday, February 5, 2015

February Market Update

Rodgers Forge -- Zipcode 21212 
 
14 Homes Currently for Sale 
 1 home -- 2bdrm/2 bath --$320K
4 homes-- 3bdrms/1 bath -- $244.9K - $279.9K
6 homes --3bdrm/2bath --$199.9K - $449K (2 Rodgers Choice)
1 home  --4bdrm/1 bath --$287K
1 home  --4bdrm/2 bath --$309.9K
1 home  --5bdrm/ 3 bath -$399.9K

9 Homes Currently Under Contract
6 homes -- 3bdrm/1bath -- $229.9K - $299.9K
1 homes -- 3bdrm/2bath -- $298.9K
1 home --  4bdrm/2 bath --$325K 
1 home --  5bdrm/2 bath --$379.9K

6 Homes Sold since January, 1st 2015
4 homes --3bdrm/1 bath -- $239K -$299K
2 homes -- 3bdrm/2 bath -- $269.7K-$270K


    






















 
Average Days on Market for 5 houses: 42 days

Tuesday, January 20, 2015

Good News From FHA--More Affordable Mortgage Costs

       FHA will be lowering their mortgage insurance premiums by .50% ( 1.35% down to .85%). This is a pretty significant drop for FHA and will make it more appealing and affordable for homebuyers. To quantify the savings, for a $200,000 mortgage, the savings would be $83 per month ( $1000 per year).
      Fannie Mae and Freddie Mac recently announced they will be offering 97% financing again for some borrowers. This is a great option for good credit borrowers who may be short on down payment funds. This option is only available as a 30 Year Fixed for owner occupied, 1 unit properties and at least 1 borrower on the loan must be a 1st time home buyer. In addition, the full 3% down payment can come from gift.
        Interest rates have hit their lowest point in the last 18 months with conventional 30 Year Fixed rates in the mid to upper 3’s! FHA 30 Year Fixed rates are down as low 3.25%!
              Conforming loan limits have increased to $517,500 for many Maryland counties including Baltimore City and County. FHA loan limits are also up to $517,500. While jumbo rates are very competitive these days, the guidelines are more stringent compared to conforming loans.
       This is very good news for the Maryland Real Estate Market! For buyers, this means more affordable payments, for sellers who are ready to put their house up for sale, this means a good Spring market.

January Market Update

Rodgers Forge -- Zipcode 21212
16 Homes Currently for Sale 
7 homes-- 3bdrms/1 bath -- $229.9K - $287.5K
6 homes --3bdrm/2bath --$219.9K - $449K (2 Rodgers Choice)
1 home  --4bdrm/2 bath --$309.9K
1 home  --5bdrm/ 3 bath -$399.9K
1 home -- 2bdrm/2 bath --$320K

10 Homes Currently Under Contract
6 homes -- 3bdrm/1bath -- $232.9K - $299.9K
3 homes -- 3bdrm/2bath -- $269.7K - $298.9K
1 home --  4bdrm/2 bath --$325K

4 Homes Sold since December 5, 2014

2 homes --3bdrm/1 bath -- $238K -$262K
2 homes -- 3bdrm/2 bath -- $175K-$345K    




















 
Average Days on Market: 150
 

Thursday, December 4, 2014

November / December Market Update

16 Homes Currently for Sale 
10 homes-- 3bdrms/1 bath -- $232K - $319.9K
6 homes --3bdrm/2bath --$269.7K - $417K

5 Homes Currently Under Contract
3 homes -- 3bdrm/1bath -- $229.9K - $267.5K
2 homes -- 3bdrm/2bath -- $199.9K - $345K

3 Home Sold since October 1, 2014
Address:                          List price:    Close Price:         DOM:     BDRM:         BATHS:
8 Dunkirk Rd.                   $315,000       $315,000*               9              3                      2
276 Stanmore Rd.             $322,500       $322,500                 2              3                      2
118 Stanmore Rd.             $324,900       $317,000               27              3                      2
 




















DOM = Days on Market
 
* Seller Contribution: $9,450 






























Wednesday, October 1, 2014

October Market Update

19 Homes Currently for Sale 
14 homes-- 3bdrms/1 bath -- $150K - $294.5K
5 homes --3bdrm/2bath --$269.7K - $437K

11 Homes Currently Under Contract
4 homes -- 3bdrm/1bath -- $239.9K - $269K
7 homes -- 3bdrm/2bath -- $255K - $329K

1 Home Sold since September 1, 2014
Address:                          List price:    Close Price:         DOM:     BDRM:         BATHS:
302 MURDOCK RD       $289,000       $289,000               23              3                      2





















DOM = Days on Market

Wednesday, September 3, 2014

September Market Update

19 Homes Currently for Sale 
13 homes-- 3bdrms/1 bath -- $150K - $300K
5 homes --3bdrm/2bath --$280K - $437K
1 homes --4bdrm/2bath -- $305K

10 Homes Currently Under Contract
4 homes -- 3bdrm/1bath -- $249.9K - $324.9K
6 homes -- 3bdrm/2bath -- $255K - $414.9K

9 Home Sold since August 1, 2014
Address:                          List price:    Close Price:         DOM:     BDRM:         BATHS:
409 REGESTER AVE.     $250,000       $235,000                84             3                      2
215 HOPKINS RD.        $289,900       $265,000                64              4                      1
417 CHUMLEIGH RD    $309,000       $307,000*               9              3                      1
419 MURDOCK RD       $399,000       $395,000**           17              4                      2
202 DUNKIRK RD         $315,000       $305,000***         37              4                      1
303 MURDOCK RD       $305,000       $310,750               32              4                      2
205 DUMBARTON RD  $125,000        $217,350              22               4                      1
191 STANMORE RD     $324,900         $325,000****      14               3                     2
86 DUNKIRK RD          $445,900         $445,900***         4                5                      3





















DOM = Days on Market
 
* Seller Contribution: $7,000 






























** Seller Contribution: $10,000
*** Seller Contribution: $5,000
**** Seller Contribution: $5,375

Thursday, July 31, 2014

August Market Update

19 Homes Currently for Sale 
10 homes-- 3bdrms/1 bath -- $150K - $292K
8 homes --3bdrm/2bath --$274.8K - $437K
1 homes --5bdrm/3bath -- $445.9K

16 Homes Currently Under Contract
3 homes -- 3bdrm/1bath -- $298K - $324.9K
8 homes -- 3bdrm/2bath -- $250K - $414.9K
3 homes --  4bdrm/1bath -- $125K - $315K
2 homes --  4bdrm/2bath -- $305K - $399K

1 Home Sold since July 1, 2014
Address:                          List price:    Close Price:         DOM:     BDRM:         BATHS:
231 Murdock Rd.            $340,000       $340,000                18             3                      2





















DOM = Days on Market