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Crofton MD Real Estate - What's Price Ranges Are Selling?

Take a look at the chart below and you'll see that the under $300,000 price range in Crofton is pretty robust, accounting for 58% of Crofton home sales in May. This makes sense, as first time homebuyers rush to take advantage of low interest rates and the $8,000 tax credit, available from the IRS until December 1, 2009. Also, we're seeing decent, affordable homes in this price range for the first time in a while. With inventories high in Anne Arundel County, sellers are getting pretty good at correctly pricing their homes for sale.

24 Crofton homes went to settlement during May, 2009. This figure is 5 less than went to settlement in May of 2008. Interestingly, the days on the market for Crofton properties had a reduction of 13.5% and now stands at 83 days, on average.

The average sale price as a percentage of list price was 95% in May, reflecting that homes seem to be priced correctly for this market.

Many buyers are acting faster on good deals. 11 of the 24 Crofton homes sales were on properties listed less than 30 days. Good deals coming on the market are getting snapped up pretty quickly.

Call me at 443-995-9595 to view any Crofton MD home for sale.

Crofton MD Home Sales

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Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com


Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

Posted Thursday Jun 11
( 06/11/09 12:36PM ) — Toula Rosebrock -Broker/Sales Associate, Realtor, Lacey Township, Ocean County,

ToulaRosebrock,com


Hi Rich:


In my area of NJ the under $300K is selling, but the under $200K range is off the chart.

( 06/11/09 02:51PM ) — Stacy Harp

Hi Rich,


 


Saw your post on Twitter and thought I'd stop by and say Hi from California.


 


Stacy


http://www.twitter.com/fabusend

( 06/12/09 06:29AM ) — Gabrielle (Kamahele) Rhind

GOOD MORNING RICH!  Nice to read that things are picking up in your area!  Interesting that the next highest jump in sales is the $500 - $599 price point - skipping right over quite a price range.  Are the inventories just low at those price points? Nicely done market report!  -- Gabrielle

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