I have never seen this happen for as long as I have been tracking sales in the neighborhood. There are only 3 homes for sale and 14 under contract, most of which were sold in way less than 30 days. This indicates a very, very strong market for sellers. With inventories this low and interest rates still under 4%, it looks like the housing recovery is here to stay. We still have a volume of foreclosures to hit the market this year in the Baltimore region, but it doesn't seem to be affecting Rodgers Forge at all.
Rodgers Forge homes that are in great shape with 3 bedrooms, 2 bathrooms and an open kitchen can usually command prices over $300K. If it is an End-of-Group than prices can be as high as $325K or so.
A "Perfect Storm" scenario such as this raises the tide for all boats in a neighborhood like ours. If there was EVER a good time to put your house on the market (even though August is usually the worst month for activity), now is the time.
What price differential do you see when it is a 3 bed/2 ba home in great shape, but withOUT an open kitchen? Thank you!
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