Bowie, MD

Bowie, MD SOLD Homes January 2010

Houses SOLD: 45

Average LIST price: $286,733

Average SELLING price: $287,444

Average DAYS ON MARKET: 82

LOWEST SALE price: $90,000 - 2 bedroom, 1 bath condo built in 1990 - bank owned

HIGHEST SALE price: $580,000 - 5 bedroom, 4.5 bath single-family built in 2008 - short sale

Bowie, MD ACTIVE listings (as of 2/3/10)

ACTIVE Houses: 437

Average LIST Price: $360,382

LOWEST LIST Price: $119,900 - 1 bedroom, 1 bath condo, built in 1989 - foreclosure

HIGHEST LIST Price: $2,500,000 - 4 bedroom, 2.5 bath single-family home built in 1985

Current Average Days on Market: 140

Bowie, MD UNDER CONTRACT listings (as of 2/3/10)

UNDER CONTRACT Houses: 297

Average LIST Price: $318,430

LOWEST LIST Price: $79,900 - 3 bedroom,1 bath single family home built in 1951 - foreclosure

HIGHEST LIST Price: $975,000 - 5 bedroom, 4.5 bath single-family home built in 2006 - short sale

Average Days on Market: 88

If you would like more information about buying or selling a home in Bowie, MD give Stacey-Ann Baugh a call.

     This is a short video that I did yesterday while I was in my car. I was smiling while I was talking because I was happy I guess that sooo many people wished me a Happy Birthday. And why I sound different than the way I normally talk-Technology? Maybe. Bad enough that I don't like to be in front of cameras. But sometimes you have to do what you have to do. And I am practicing my video making so when its time to do my first independent or big budget movie for a major movie studio,I will be ready.

      And of course I am going to reach out to either Jennifer Fivelsdal -check out this one by her Speechless Sunday - Locust Grove Another Hudson Valley Historic Site and Mary Douglas-check out this one by her Speechless Sunday; Don't Buck the System. as one of my Director of Photography. Of course they are many more Active Rain Superstars like Jennifer and Mary who take such great pictures for their blogs. But They are two that I know for a fact take very,very good pictures for their blogs-If only I was as half good as them.

       Anyway thank you again for everybody who wished me a Happy Birthday. Now I have to make sure that I wish everyone who wished me a Happy Birthday a Happy Birthday.

Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Free search of DC and P.G County MD Homes for sale+  . I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com - "Where we will get it sold-your home that is". Twitterhttp://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy a home in DC and PG County MD today" in zip codes 20019,20020,20011,20032,20774,20721

Bowie MD Real Estate - Status for Week Ending 01/30/10

Bowie MD added a very substantial 55 new active listings to the current inventory last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. The most expensive new Active Bowie, MD listing was a 5 bedroom, 5.5 bath in the Westwood sub-division, listed for $725,000.

Nine new rental listings came on the market and four had applications registered. Right now, the rental market is very robust in Bowie, MD.

38  properties moved or changed status into some sort of Contract status, while 17 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future. The number of listings that moved to CONTRACT stage is an indication that all contingencies have been removed.

16 Bowie listings were withdrawn from the market and 5 expired.

If you're looking to purchase or sell a home in Bowie, MD or the surrounding area, I can help.

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.

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

City of Bowie Employess, Police Officers, & Teachers interested in moving to Bowie may qualify for Bowie Mortgage Assistance Program.

The City Workforce program, for city employees, and the Bowie First program, for police officers and teachers, will provide qualified applicants with $1,000 in assistance toward closing costs. The Maryland Mortgage Program will provide matching funds, for a total of $2,000 in assistance.

This assistance is eligible for first time home-buyers who would like to make their primary residence within the Bowie City limits.

Funds will be awarded on a first-come, first-served basis.

If you are interested in purchasing a home in Bowie or in any other areas in Prince George's or Montgomery Counties give Stacey Baugh a call.

The time to be a first-time Home Buyer in Prince George's County, MD is NOW!

There are many incentives to buy a house that are available right now, however, many of these incentives are expected to change or come to an end in the near future.

DREAM PROGRAM

• Downpayment on your dream program is a downpayment and closing cost assistance program valued at up to $20,000.
• To be eligible, a buyer must be a first-time home-buyer and purchase a vacant, foreclosure in one of 33 target zipcode in Prince George's County.
• Deadline for application is February 19, 2010. Funding will be awared on a first completed application, first served basis until all funds have been disbursed.

FIRST TIME HOME-BUYER TAX CREDIT

• $8000 tax credit offered by the federal government
• To qualify the purchaser must be a first-time home-buyer
• The home must be under contract by April 30, 2010 and must close by June 30, 2010

FHA CHANGES

• Changes are coming to the FHA lending rules beginning in April 2010. These changes will impact downpayments and other up-front costs associated with buying a home.
• The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent.
• Borrowers with a credit score below 580 will be required to have at least a 10% down payment. The minimum down payment will remain at 3.5% for all other borrowers.
• Seller concessions will be reduced from 6% to 3%

First-time Home Buyers, there is still time to take advantage of these programs and incentives before the deadlines or the aniticapted changes occur.

If you are interested in buying a home in Prince George's County, MD please give Stacey-Ann Baugh a call!