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

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

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

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

June / July Market Update

22 Homes Currently for Sale 

10 homes-- 3bdrms/1 bath -- $150K - $324.9K

9 homes --3bdrm/2bath --$250K - $414.9K

2 home -- 4bdrm/1bath -- $125K- $315K

1 homes --4bdrm/2bath -- $305K

20 Homes Currently Under Contract
8 homes -- 3bdrm/1bath -- $215K - $309K
10 homes -- 3bdrm/2bath -- $150K - $340K

1 home --  4bdrm/1bath -- $289.9K

1 home --  4bdrm/2bath -- $399K

14 Homes Sold since June 1, 2014
Address:                          List price:    Close Price:         DOM:     BDRM:         BATHS:

244 Brandon Rd.              $279,995       $272,500              199             3                      1

89 Murdock Rd.               $269,900       $260,000*            153             3                      1

116 Dunkirk Rd.               $319,999       $318,500               49              4                      2

306 Stanmore Rd.            $279,900       $275,000**            49              3                      1

323 Dumbarton Rd.          $314,900       $301,000***         56              3                      1

427 Murdock Rd.             $419,000       $400,000               22              5                      3

7 Regester Ave.                $299,900        $299,900****      26              4                      2

149 Stanmore Rd.            $300,000        $297,500               3               3                      2

6440 Blenheim Rd.           $339,000        $339,000               2               3                      2

200 Dumbarton Rd.          $250,000        $235,000*****     5               3                      1

139 Brandon Rd.              $299,900        $297,500               2               3                      1

165 Regester Ave.            $295,000        $295,000               7               3                      1

270 Stanmore Rd.            $290,000         $290,000***        0               3                      2

322 Overbrook Rd.         $288,000         $288,000******   1              3                       2

DOM = Days on Market * Seller Contribution: $7,800

** Seller Contribution: $5,000
*** Seller Contribution: $2,500

**** Seller Contribution: $8,700

***** Seller Contribution: $880

****** Seller Contribution: $3,000

7 out of the 14 Homes went under contract in less than 7 days.

Buyers Are Waiting for the Right House in Rodgers Forge!

It is Spring in Rodgers Forge!
I know that because of the calendar, but also because there are 23 homes under contract in the neighborhood right now. Only 14 for sale. It is a great picture of a busy Spring market and a robust seller's market. There is more demand than there is supply. I have had 3 people ask me this week if I know of any homes coming on the market because they or their agents are waiting for the right house for them.
If you or someone you know is ready to list their Rodgers forge home, please contact me.
I just sold a house on Murdock Road on the edge of the neighborhood, right on the alley near York Road, and it sold in 8 days.
This continues to be one of the best neighborhoods in Baltimore Count for so many reasons, but one of the best reasons is, these homes really hold their value over many, many years.

May Market Update

15 Homes Currently for Sale 

6 homes-- 3bdrms/1 bath -- $279.9K - $314.9K

5 homes --3bdrm/2bath --$270K - $437.5K

1 home -- 4bdrm/1bath -- $289.9K

2 homes --4bdrm/2bath -- $305K - $382.9K

1 home -- 5bdrm/3bath -- $419K

19 Homes Currently Under Contract
7 homes-- 3bdrm/1bath -- $215K - $299.9K
10 homes -- 3bdrm/2bath -- $269K - $339K

2 homes --  4bdrm/2bath -- $314.9K - $319.999K


8 Homes Sold since April 1, 2014
Address:                          List price:   Close Price:   DOM:     BDRM:         BATHS:

317 Hopkins Rd               $285,000     $278,000*        59              4                    1

7205 Lanark Rd.              $314,900     $310,000**      21              3                    1

404 Hopkins Rd.              $329,000     $329,000          2                3                    1

313 Dumbarton Rd.          $294,900     $294,900***    9                4                    1

401 Overbrook Rd.          $329,900     $322,500          11              3                    2

207 Dumbarton Rd           $265,000     $265,000          20              4                    2

417 Old Trail Rd.              $289,000     $290,500          7                3                    1

211 Gaywood Rd.            $319,000     $310,000          11               3                    1

DOM = Days on Market * Seller Contribution: $4,400

** Seller Contribution: $2,000
*** Seller Contribution: $11,300

7 out of the 8 Homes went under contract in less than 21 days.

April Market Update

13 Homes Currently for Sale
4 homes -- 3bdrm/2bath --$272.5K - $309.9K
7 homes-- 3bdrms/1 bath -- $259.9K - $325K
2 homes --4bdrm/2bath -- $324.9K - $389K

14 Homes Currently Under Contract
7 homes--3bdrm/1bath -- $242K - $329K
3 homes -- 3bdrm/2bath -- $269K - $329.9K

2 homes --  4bdrm/1bath -- $285K - $294.9K
2 homes --  4bdrm/2bath -- $265K - $314.9K

5 Homes Sold since March 1, 2014
Address:                           List price:   Close Price:   DOM:     BDRM:         BATHS: 

5 Murdock Rd.                 $259,000      $255,000*        26             3                    1 211 Brandon Rd.              $269,900      $260,000           8              3                    1 154 Stevenson Lane         $309,000      $311,000            6             3                     2 216 Gaywood Rd.            $279,900     $286,650           15            3                     1 59 Dunkirk Rd.                $349,000      $349,000            0             4                     3 DOM = Days on Market * Seller Contribution: $7,650

10 out of the 14 Homes went under contract in less than 20 days.

March Market Update

13 Homes Currently for Sale
4 homes -- 3bdrm/2bath --$279.9K-$315K
7 homes-- 3bdrms/1 bath -- $269K-$309K
1 home -- 4bdrms/1bath --$285K
2 homes --4bdrm/2bath -- $275K - $324.9K

10 Homes Currently Under Contract
3 homes--3bdrm/1bath -- $259.9K-$329K
3 homes -- 3bdrm/2bath -- $269K -$329.9K
1 home --  4bdrm/2bath -- $314.9K
1 home --  4bdrm/1 bath -- $294.9K
 
8 Homes Sold since February 1, 2014
Address:                           List price:   Close Price:   DOM:     BDRM:         BATHS: 

152 STEVENSON LN      $200,000       $182,500          455             3                      1 211 BRANDON RD         $269,900       $260,000              8             3                      1 424 CHUMLEIGH RD     $289,900       $275,000          133             3                      1 60 MURDOCK RD         $289,900       $286,000              9             3                       1 128 DUMBARTON RD   $299,900       $283,500          113             3                       1 101 OVERBROOK RD   $319,500        $315,000           30             3                       1 203 HOPKINS RD           $284,700       $279,000 *         11            4                       1 214 BRANDON RD       $289,900        $287,000 **       77             3                       2

DOM = Days on Market

*Seller Contribution: $3,000
** Seller Contribution: $8,240
Average DOM:  20 (Based on current homes under contract)

February Market Update

10 Homes Currently for Sale
4 homes -- 3bdrm/2bath --$289.3K-$315K
5 homes-- 3bdrms/1 bath -- $259.9K-$324.9K
1 home -- 4bdrms/1bath --$289.9K

3 Homes Currently for Rent
$1800-$1850

10 Homes Currently Under Contract
7 homes--3bdrm/1bath -- $200K-$319.5K
3 home -- 3bdrm/2bath -- $269K -$389K (409 Stevenson Lane)

5 Homes Sold since January 1, 2014
Address:                           List price:   Close Price:   DOM:     BDRM:         BATHS: 

234 OVERBROOK RD     $155,000      $197,000             22                3                    1 229 GAYWOOD RD         $269,900     $267,000             48                3                    1 203 HOPKINS RD            $284,700     $279,000 *          11                4                    1     413 REGESTER AVE        $314,900     $315,000               6                3                    2 200 REGESTER AVE        $459,500     $430,000              16               5                    3 DOM = Days on Market *Seller Contribution: $3,000

January Market Update

Happy New Year!What does the market look like for 2014?
The National Association of Realtors forecasts total existing-home sales will reach 5.1 million (for 2013), a gain of almost 10% over last year. It expects sales to be at around the same level in 2014 and then rise to 5.3 million in 2015.
Steady employment gains have helped prospective home buyers absorb the impact of higher mortgage rates, while home builders have ramped up construction activity and helped to ease a shortage of homes available for sale. Data released earlier this month by the Commerce Department showed that new home construction in November surged to its highest level in nearly six years.
New supplies can help to moderate rapid price gains in the country's hottest housing markets and encourage new purchases. Prices are back to all-time highs in 10 of the nation's 50 largest metropolitan areas, according to a Wall Street Journal analysis of price data from Zillow, an online real-estate information service.
One potential headwind for the housing sector, rising interest rates, could gain strength in the coming months. 
So what does this mean for Rodgers Forge? Housing inventory was historically low for most of 2013. this resulted in stronger pricing for sellers and fewer days on  market. For the most part, properties that were in good shape and in good locations flew off the shelf in less than a week. Properties that needed some work or were in less desirable locations, sat on the market for 40-90 days. Every month there was a healthy list of homes under contract (8-12) waiting to go to settlement. Right now there are only 10 homes for sale on the MLS. Typically for this time of year, there would be closer to 20 or more. So we will see what the Spring market brings. But it would seem that with interest rates still low and inventories also still low, buyers will still be out there looking for their first house, their perfect house, their next house.  As long as this scenario doesn't change, it remains a seller's market and you can expect sellers to drive housing values and look for prices to continue moving up.

January Market Update

10 Homes Currently for Sale
4 homes -- 3bdrm/2bath --$269K-$299.7K
6 homes-- 3bdrms/1 bath -- $275K-$329.5K

3 Homes Currently for Rent
$1800-$2600 (Rodgers Choice highest rent))

5 Homes Currently Under Contract
2 homes--3bdrm/1bath -- $200K-$229K
1 home -- 4bdrm/1bath -- $284.7K
1 home -- 5 bdrm -- $459.5K

11 Homes Sold since December 1, 2013

234 Overbrook RD

List:$155,000

Close:$197,000

216 BRANDON RD  List: $199,900  Close: $213,000

338 DUMBARTON RD  List: $223,500   Close: $223,500   Subsidy: $3,861

323 OVERBROOK RD  List: $265,000  Close: $265,000  Subsidy: $7,950

310 OLD TRAIL RD  List: $265,000   Close: $250,000   Subsidy:  $5,000

229 GAYWOOD RD  List: $269,900  Close: $267,000

427 MURDOCK RD List:  $274,900  Close: $230,000

413 REGESTER AVE   List: $314,900  Close: $315,000

226 MURDOCK RD List:  $314,900  Close:  $314,900   subsidy: $5,000

111 REGESTER AVE  List:  $315,500   Close: $315,500