October Housing Update

Fall has arrived; a new school year is under way; the Rodgers Forge housing market is better than ever!  Only 3 homes currently for sale--the same scenario as one month ago.  Now, that is amazing...  There is virtually no inventory and there are plenty of buyers.  Just the right mix for good prices and quick sales. Good news for home owners! Interest rates remain at all-time lows --3.5% or lower. Rentals are still filling quickly. Enjoy the change of seasons.  Call me with any real estate questions or send me a comment.
 
 3 Homes Currently For Sale:

1-3bdrms, 2 bath: $299.9K
1-3bdrm, 1 bath: $243.5K
1-4bdrms, 2 bath: $279.9K
0 Rodgers Choice Currently For Sale
1 Rodgers Forge Condo (2 bedroom)
1 - 2 bdrm, 2 bath: $190K
8 Homes Under Contract
1-3bdrms, 2 bath: $289.9K
5 -3bdrms, 1 bath: $200K-$289.9K
1 -4bdrms, 1 bath: $325K
1 -4bdrms, 2 bath: $339.9K
6 Homes Have Been Sold Since September 1
3- 3bdrms, 2 bath: $265K-$325K
2 - 3bdrms, 1 bath: $220K-$272.3K
1 Home in Rodgers Choice Has Sold Since June 1
1 - 3bdrms, 2 bath, 2 half: $390K

Of the 9 homes under contract 5 were sold in 30 days or less.

Warren Buffet says Buy Real Estate Now!

Here is a clip from an interview with master investor, Warren Buffet.  If you would like additional information or need assistance with your home buying process, please give me a call!

Warren Buffett Interview on YouTube

NEW RODGERS FORGE LISTING COMING SOON!

NEW LISTING IN THE NEIGHBORHOOD:  COMING SOON!

STANMORE COURT
3 BR / 2 BATH
BEAUTIFUL LOWER LEVEL
GREAT YARD & DECK
EXTRA DEEDED LOT!
WONDERFUL KITCHEN

 Will be priced in the low $300's.


If you know of anyone interested in buying a home in our neighborhood--let me know!

IMPORTANT ARTICLE FOR HOMEOWNERS!

Here is an important article for homeowners to read.  If you haven't already registered your property, you may want to read this to learn if you qualify and how to take advantage of the Homestead Credit.



More than100,000 Maryland Homeowners Have Yet to Apply for Tax Break 

  

Jamie Smith Hopkins-Baltimore Sun Paper

September 10, 2012

Mortgage Rates Tumble To Recent Lows Following Fed Announcement

Mortgage rates have once again dipped under 4% following the Fed announcement this week. Click the article below for all the details. Rates continue at an all-time low.

http://www.mortgagenewsdaily.com/consumer_rates/274576.aspx

SEPTEMBER IS HOT--SOLD IN ONE DAY.....

If I was wondering what September was going to be like in the Rodgers Forge real estate market, this weekend told me all I needed to know. I listed a new property on Murdock on Friday, shown on the right, and it sold overnight. We did not even get to the open house. The "For Sale By Owner" on Overbrook Rd is already under contract as well, and at this moment, there are only 2 properties for sale in the neighborhood!
This is very encouraging for anyone considering putting their home on the market--especially in Rodgers Forge. but I still see low inventories across the board, which is a good sign for strong housing values. I think we will continue to see a very active "Second Spring" market and I will be checking daily to see any changes in our numbers.

Is September Our Second Spring?

A new school year has begun, and the market remains really strong in the neighborhood - the majority of houses are selling in under 30 days. I can hardly believe we are still showing only 3 houses for sale in the entire neighborhood....and 10 under contract, indicating that sales are robust. I expect more homes to be listed this month, and, indeed, this is an opportune time for anyone ready to put their house on the market. Low inventory is the first sign of a shift more toward a "seller's market". Interest rates remain at all-time lows--4% or lower. Rentals continue to fill almost immediately upon being listed.

3 Homes Currently For Sale:
2 -3bdrms, 1 full bath: $264.5K-$264.9K
1 -4bdrms, 2bath: $299.9K
0 Rodgers Choice Currently For Sale
1 Rodgers Forge Condo (2 bedroom)
1 - 2 bdrm, 2 bath: $190K
10 Homes Under Contract
5 -3bdrms, 2 bath: $275K-$325K
4 -3bdrms, 1 full bath: $200K-$289.9K
3 -4bdrms, 2 bath: $339.9K
6 Homes Have Been Sold Since August 1
3 - 3bdrms, 2 bath: $273K-$292.5K
7 - 3bdrms, 1 bath: $170.4K-$289K
1 - 5bdroms, 2 bath: $435K
0 Homes in Rodgers Choice Have Sold Since August 1
1 - 3bdrms, 2 bath, 2 half: $390K

Of the 10 homes under contract almost all sold in 30 days or less.