Annapolis, MD

So you’ve been sitting on the fence, waiting for the perfect time to buy a home here in the Annapolis area. But when IS the best time? When home prices appear to have bottomed out? And is it even possible to time the real estate market? As you’ll see in the video here, there’s a little more to the affordability equation than meets the eye. Have a look. And if you’d like to talk me about home affordability, interest rates, buying or selling a home – just send me an email at KenHaedrich@gmail.com, or you can reach me on my cell – 410-507-7222. We’d love to hear from you.

 

 

Are we past the bottom of the market are do we have a ways to go? Many indicators suggest that have in moved beyond the bottom of the market. Pending sales in Anne Arundel County are up month over month for the fifth month in a row. This is a very good sign. There is no guarantee that the trend will continue. As economic conditions improve buyers who were once sidelined may now be in the market looking for a new home and buyer!!! But sellers beware; August is just around the corner and is typically one of the slowest months in real estate. So it is entirely possible that the market could hit a sudden slump.

The S&P/Case-Shiller Home Price Index for the Washington DC marketplace declined 1.2% in March. The Baltimore Metro Home Price Index for the same period declined 2.0%. And the Anne Arundel County Index was up 1.4%. The Annapolis Index was also up 2.6% in March over February.

The total sales volume for Anne Arundel County was up 18.5% in May from April. The number of units sold was up 16.8% and the number of active listings was down 7.6%. The number of pending sales was up down 1.2%. The average sold price was down up 1.4% from $ $349,031 to $353,985. There were 410 units sold in May up from 351 sold in April.

The total sales volume for Annapolis was up 21.8% in May from April. The number of units sold was up 24.6% and the number of active listings was up 2.0%. The number of pending sales was down 5.1%. The average sold price was down 2.3% from $489,616 to $478,572. There 71 units sold in May up from 57 sold in April.

The quickening sales pace is likely to slow in June and July and summer begins. Sellers may see stability in prices but buyers will continue to benefit from lower prices, low interest rates and excess inventory.

In Conclusion

If you are thinking about making a change, let us help you take advantage of these trends. So, if you're buying or selling a home or know someone who is, for a confidential, private, professional real estate consultation without any obligation, contact Stephen Howell at 410-923-3217.

If you're selling your Annapolis home, or thinking about it, chances are you're wondering about open houses...whether or not they work (something I'll talk about in an upcoming video)...and the dreaded Nosey Neighbors.

Not to worry: if they're nosey, they probably like to blab, too - and that's a good thing. If you're wondering why, just watch this video.

And by the way, if you are indeed thinking about selling your Annapolis area home - or would like to talk about the nosey neighbors...or perhaps have a question about buying a home in the Annapolis are - feel free to get in touch. You can call me, Ken Haedrich, direct at 410-507-7222 or email me at kenhaedrich@gmail.com.

Look forward to hearing from you.

 

 

I am convinced one of the most difficult things we do when negotiating is to communicate effectively. More transactions are lost because we misunderstand, don't listen, assume we know, don't call back, don't clearly articulate, don't write it down or don't work to build consensus.

To communicate effectively we need to:

1. Listen
2. Try to understand what the other party wants and why they are requesting it?
3. Know if a request is a casual want or an absolute need?
4. Know how to identify an alternative option that will satisfy their request?
5. Return calls promptly, especially difficult ones, they don't age well.
6. Make sure all written communication is clear and expresses the exact terms of the agreement.
7. Be professional and unemotional in our communications, our clients don't need an emotional agent.
8. Listen, we will never hear if wwe are thinking about what we're going to say next and not listening to the answer of the question we already asked.
9. Ask good questions to get all the facts and never assume we already know the answer.
10. Try to build on areas of agreement to build consensus.
11. Appreciate that the person we're speaking with may be under a lot of stress or having a bad day and not take it personally.
12. Leave our ego out of it, when everyone feels like they won it will be easier to get agreement.

So, you're in the market for an Annapolis home...this rain we've been getting is driving you batty...or you're just dying to talk with a Realtor about how the Annapolis real estate market is REALLY doing.

Whatever the case may be, we know you're anxious to get out and about this weekend - so why not attend one of the two open houses we're holding, one in Riva Trace and one in Eastport.

I've provided the details in the short video below. Hope to see you there.