Clarksville, MD

Clarksville, MD

Home Residential Resale Statistics -- January 2012

Because Clarksville, MD generally sees only a few sales each month, it is used to volatile changes in terms of sales volume. The month of January, for example, saw only one less home sold than last year (3 vs. 4), and that resulted in a decrease in total sales of almost 35%. The average sold price, too, was lower, down by a little over 13%. Slightly alarming, though, was the average days that the homes were on market. Last year in Clarksville, the average was 39 days, and this year, it was up 166% to 104 days. However, this is slightly skewed, because one home took between 181 and 360 days, while the other two were between 31 and 60 days.

21029 - Clarksville

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If you are planning to move to the Central Marylandarea and you want a BUYERS AGENT that really knows the area and all that it has to offer, I can help. (Personal tours of the area included in the service)


If you are looking to successfully sell your Maryland home with a Realtorwho will market your property with multiple resources, call me for an appointment.



These are the areas that I serve Buyers orSellers in the Metro Baltimore area : Howard County, Baltimore County, Baltimore City, Harford County, Anne Arundel County, Carroll County, Montgomery County or Prince Georges County . If you would like more information please call me, Ellie McIntire at 443-418-7668or e-mail EllieMcIntire@MRIS.com

Ellie McIntire

The McIntire Team Real Estate Services.

Keller Williams Realty Centre

443. 418 7668 (cell)

443.766 1768 (O)

443.766 1769 (E-Fax)

E-mail:EllieMcintire@MRIS.com

http://www.elliemcintire.com/

We redefine the essence of service

Happy New Year! Hope you had a great Holiday and were able to enjoy time with your family.

As the 2012 spring market is getting started off with pre-approvals and buyer inquiries, there were several changes (and re-changes) near the end of 2011 that may have led to some confusion and will likely impact your buyers. Below is a current recap of loan limits, minimum down payments, and maximum seller contributions for all loan options available.

Mortgage rates continue to stay at all time lows! Let’s make 2012 the best year yet!

Location Loan Limit Min. Down Payment Max. Closing Concessions

Below 417,000 Conventional:

Baltimore $417,000 5% 3%

DC $417,000 5% 3%

Investment $417,000 20% 2%

Above 417,000 High-Balance Conventional:

Baltimore $494,500 10% 6%

DC $625,500 10% 6%

Investment - 35% 2%

10% Down Jumbo ** Using First Place Bank Specific Second Mortgage Product:

Baltimore $900,000 10% 6%

DC $1,100,000 10% 6%

FHA Loans:

Baltimore $560,000 3.5% 6%

DC $729,750 3.5% 6%

VA:

Howard $478,400 0% ~4%

Baltimore $494,500 0% ~4%

DC $625,500 0% ~4%

*VA is now very specific per county, please consult the VA County loan limit site: http://www.benefits.va.gov/homeloans/loan_limits.asp

** borrowers can purchase above the VA loan limits by putting down 25% of the difference of the maximum loan limit and the sales price.

Clarksville, MD

Home Residential Resale Statistics -- December 2011

Similar to cities like Marriottsville with few sales and generally lavish homes, Clarksville is used to seeing tumultuous changes in its market activity. In this case, the key difference between December of last year comes in the way of seven homes being sold instead of nine at a MUCH larger price. Average sold price increased over 45%, leading to an increase in sales volume of about 14% even with two few homers being sold. Average days on the market was down almost 9%.

21029

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If you are planning to move to the Central Marylandarea and you want a BUYERS AGENT that really knows the area and all that it has to offer, I can help. (Personal tours of the area included in the service)


If you are looking to successfully sell your Maryland home with a Realtorwho will market your property with multiple resources, call me for an appointment.



These are the areas that I serve Buyers orSellers in the Metro Baltimore area : Howard County, Baltimore County, Baltimore City, Harford County, Anne Arundel County, Carroll County, Montgomery County or Prince Georges County . If you would like more information please call me, Ellie McIntire at 443-418-7668or e-mailEllieMcIntire@MRIS.com

Ellie McIntire

The McIntire Team Real Estate Services.

Keller Williams Realty Centre

443. 418 7668 (cell)

443.766 1768 (O)

443.766 1769 (E-Fax)

E-mail:EllieMcintire@MRIS.com

http://www.EllieMcIntire.com

We redefine the essence of servie

Clarksville

Residential Home Resale Statistics - October 2011

With one more sale than in October 2010, sales in 2011 increased by over $1 million, an almost 21% increase. Average selling price was up over 8%, though these homes were on the market for a long time, averaging 179 days. Skewing this is the fact that one home was on the market for over 720 days before being sold. Two homes, for example, sold within 20 days.

Clarksville

First Place Bank’s 80/10/10 loan program was recently mentioned in the Wall Street Journal Online as an example of a creative way to assist buyers (and sellers) above the lowering Fannie Mae county loan limits!

September 16, 2011, Will Expiring Loan Limits Kill My Sale? By June Fletcher. Link: http://on.wsj.com/rd289k

Q. My house is for sale for $878,000. I have already dropped the price three times, and can't afford to drop it any lower. I am very worried about the upcoming expiration of conforming loan limits, and what that will do to the pool of buyers that can get a mortgage to buy my house. Your thoughts? --Arlington, Va.

A. “… buyers could find a lender who will provide a piggyback loan that allows a lower down payment. Such lenders generally are community or niche banks that keep such loans in their own portfolios. For instance, in your area, First Place Bank is offering an 80/10/10 loan that requires a 10% minimum down payment. The bank makes a first loan up to the conventional limit in tandem with a second.”

Thank you for helping to spread the word!