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Last week in Crofton, MD showed excellent real estate strength, both in the resale market, as well as rentals.
As anticipated, new listings are starting to come on the Crofton market, and none too soon. We’ve been at a five year inventory low for several months now. Out of the 11 new listings that came on the market last week, 4 of them were in the price range over $500K.
5 new rental listings came on the very robust rental market here in Crofton. And while 5 new listings hit the market, 5 were rented, and another 4 had applications pending. Rentals are commanding the best prices ever in the current Crofton market.
5 settlements happened and Crofton welcomes the new residents.
Excellent real estate results in Crofton, and a good sign for an expanding Spring market.
Crofton Real Estate Market Statistics
Week of March 4 - 10, 2012
Active Listings (TOTAL) |
67 |
Active Foreclosure Listings |
2 |
Active Short Sale Listings |
17 |
New ACTIVE Listings |
11 |
Active Rental Listings (TOTAL) |
23 |
New RENTAL Listings |
5 |
New Rental Applications Registered |
4 |
Rented |
5 |
Listings marked CNTG/KO |
0 |
Listings marked CNTG/NO KO |
3 |
Listings marked CONTRACT |
8 |
Listings marked SOLD |
5 |
Listings TEMP OFF MARKET |
5 |
Listings marked EXPIRED |
0 |
Listings marked WITHDRAWN |
1 |
The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:
- ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
- CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
- CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
- APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
- CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
- SOLD: - Indicates that the property is sold and settled.
- RENTED: - Indicates that the property has been rented.
- TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
- EXPIRED: - Indicates that the listing agreement has expired.
- WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.