Dundalk Sparrows Point, MD

Gray Manor and Northshire Community Association is growing and becoming a stronger advocate for citizens in the communities. Last nights monthly meeting showed a great turnout of concerned citizens for what is happening, or should happen, within the Communities.

Officer Shipley's community crime report show detailed our low crime statistics, while explaining that what crimes were committed were mostly minor infractions and misdemeanors. This is one of the great benefits of living in these communities.

Ideas exchanged last evening with the board to aid in Community cleanup, traffic control, safety concerns and the general welfare of the citizenry were discussed. Two new committees were formed to investigate and discuss opportunities for traffic control/slowing devices and One-Way streets.

The Traffic control commitee will be headed by Board Treasurer, Stephen Luckett. This committee will look into possibilities of speed humps, limiters, slowing devices and new traffic signals at currently dangerous intersections like Trappe Rd and Page Dr. The amount of School traffic on Trappe Rd along with the amount of vehicles disobeying speed laws has made Trappe at Page Dr a very serious concern.

The One-Way streets committee will be headed by Board President, Linda Gossman. This commitee will work with the County on their street direction proposals and what would work best within our communities. Over the course of the last year, this has been a heated topic of debate, but the Board has committed to address this issue for the safety of our residents and their children.

If you are a resident of the Gray Manor or Northshire Communities, please join us for our next monthly meeting on Tuesday November 10th 2009. We meet the second Tuesday of each month (except July and December) at 6:30PM at the Gray Manor Luthern Church 212 Oakwood Rd Dundalk, MD 21222. You can check out new information, upcoming meeting, or ways you can help at our website www.graymanor.org.

Want to hear about the happenings of Baltimore County-in particular the Dundalk area, straight from those making decisions?

Join us at a special public forum-Democracy in Action-sponsored by the Norwood Holabird Community Association on Monday September 21, 2009 at 7:00pm. The meeting will be held at the Ateaze Senior Center 7401 Holabird Ave Dundalk 21222.

Scheduled for attendance are:

HONORABLE SENATOR NORMAN R. STONE, JR.,

HONORABLE JOSEPH J. (SONNY) MINNICK,

HONORABLE JOHN A. OLSZEWSKI, JR.,

HONORABLE MICHAEL H. WEIR JR.,

*Honorable Councilman John Olszewski, Sr.

*the councilman was invited but will not be in attendance due to official council session in Towson, but will be represented by a legislative member of his staff who will be in attendance

For more information: http://www.nhca.info/

or visit Gray Manor & Northshire Community Association website

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

Progress must happen in everything! So it is with the Gray Manor Community and business group. Our Fiscal year begins June 1 and with it comes a new name and new organization. Our new name is:

Gray Manor and Northshire Community Association

The name change also brings with it new growth as we have added the Northshire Community to the regular meetings.

If you live in either area or are looking to move into either area of this great community, check out the website for more information. This is a strong, sought after community and we have brought together this group of concerned citizens to make sure that every resident has a voice to what is happening or should happen within the community.

I invite you to visit our monthly meeting, the 2nd Tuesday of the month at 6:30pm at 212 Oakwood Rd, in Gray Manor.

If you are thinking about buying or selling a house in the Gray Manor or Northshire areas, feel free to contact me. Not only will you have a Realtor that is very knowledgable of the Community but one who lives and serves the community as well!

Be sure to check out our Annual Community Yard Sale on May 16, 2009

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

Sunday Open Houses

All Open Sunday 11/9/08 12-2pm

Dundalk/Sparrows Point Area

• 8944 Millers Island Blvd, Millers Island, MD 21219
• 2810 3rd Street, Millers Island, MD 21219
• 2501 Veronica Avenue, Sparrows Point, MD 21219
• 959   Elton Avenue, Dundalk, MD 21224

For More Info Contact:

Sheri Hipsley, Realtor

Advance Realty Direct, Inc.

CELL:  443-756-5041

Office:  410-288-6700

sherihipsley@mris.com

VISIT MY WEBSITE AT:

www.SheriHipsley.com

Isn't it hard to believe that it is April already? It seems as I get older that time starts to move at a much faster pace, giving me less time to do some of the things I wanted to do. It also means that I must make quicker decisions when opportunities present themselves.

Dundalk is presenting some great opportunities for the first time homebuyer AND the investor who utilizes a buy & hold strategy. Lets take a look at market performance in the 1st qtr of 2008.

SOLD listings in Dundalk (21222) numbered 83 (actual closed sales in qtr) with a range of listing price from $79,900 to $287,900. The average list price of all homes sold was $170,201.

Compare that to the actual sale prices of $78,000 to $280,000 with an average price of $166,912. Using the averages there is only a $3289 difference from list to sell,(170,201-166,912=$3289) or 1.9%. That means that in the first quarter of 2008 homes in Dundalk is still selling for 98.1% of list! The first quarter report of 2007 shows Dundalk homes selling for only 96% of list.

But what about the prices! OK, lets compare average sold prices in the first quarters, 2007 vs 2008.

• 2007 average sold (close) price $176,202 (136 units)
• 2008 average sold (close) price $166,912 (83 units)
• DIFFERENCE ($9290-5.3%) (-53 units-39%)

Many parts of Maryland are showing declines into double digits, with an average somewhere around 11%-so 5.3% is a relatively strong number overall.

These numbers do not account for seller assistance to the buyer! The old addage, "If you don't ask, you don't get" comes to mind-Most closed transactions that I looked through offered in the listing seller contribution toward closing, but those that didn't offer were still allowing, in many cases, help to the buyer!

Of the 83 units sold in 2008-53 paid some or all of the closing costs for the buyer. The 53 sellers allowed a total of $342,995 in closing help toward the homes sold! That is an average of $6472 (app 3.9%) per buyer! WOW!

Add to this, for the first time home buyer, the programs that are available from the State and Counties (up to $35,000) and almost ANYONE can now afford to buy their first home-especially in Dundalk!

When I started I stated its a great time for FTB or investors. It really doesn't take much to see the upside from the investors point of view. The rental market in Dundalk is holding strong with rents $1000+ per month. The buy & Hold Strategist can have a positive cash flow property from day 1.

As the market begins to change to the upside (Yes it will), prices will begin to increase steadily giving a nice return on investment ( for any buyer) within a few years. What's the wall street saying "Buy Low, Sell High". THIS IS THE TIME TO BUY IN DUNDALK!

As of today, there are 256 active listings in Dundalk, 21222. Do you think that your next home could be one of them?

If you would like a complete list of Homes available in Dundalk, or a neighborhood specific list like Gray Manor in Dundalk, just give me a call 443-912-4866, or drop me an email LuckNetREG@comcast.net. You can find what you want with the right help.

Stephen Luckett

LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

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