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Gambrills, MD

Real Estate Market Study February 2008 - Gambrills, MD (21054)

Margaret Woda, Maryland Real Estate: Real Estate Agent in Crofton, MD

Whether today is a good one in real estate depends entirely on your perspective. Are you a Gambrills home seller or buyer? These renters are thinking "buy now" (while home sellers are pretty depressed):

Gambrills Maarket Study

A few years ago, the press couldn't say enough about what a great real estate market it was. That was true for sellers, but NOT for home buyers. Now the shoe is on the other foot, as the saying goes. The press is moaning about what a terrible market it is (and most home sellers would agree), BUT IT'S A GREAT MARKET FOR HOME BUYER!

Gambrills Real Estate Market Study - Copyright

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The total number of Gambrills homes sold is down 28.57% from February 2007 to this year, and the total sold dollar volume is down 43.38% - from $3,514,000 to $1,813,800.

That reduced dollar volume comes from more than a reduction in units sold, however; it's also the result of a significant drop in the price of Gambrills real estate: 27.74% in the average sold price and 13.16% in the median sold price.

While we're on the topic of money, the average list price for sold properties also dropped - 23.22% from 2007 to 2008. That being said, it's much higher than it was in 2005 (not shown here) - $385,214.

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Meanwhile, the average # of days that sold homes have remained on the market has gone up a whopping 137.38%
since February 2007.

Whether you're a home buyer or seller, I just have one thing to say:

You have a right to be represented by a REALTOR. Anything you say can and will be used against you in negotiations.

Regardless of anything else you read about working with a REALTOR or doing it on your own, THIS is probably the most important thing to consider. If in doubt, ask me to tell you some of my real estate stories! It's my job to make buying or selling a home LOOK and FEEL easy to my clients - but make no mistake. There is no substitute for experience, when it comes to real estate.

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Crofton Maryland Real Estate

Relocating to the Baltimore-Washington area? Check out Your Relocation Package for Anne Arundel County, Maryland.

Find a Home and learn about Real Estate Market Conditions in Odenton and Anne Arundel County, Maryland. Check out Today's Rates, use the free Mortgage Calculator, and watch a brief video about the Power of RE/MAX. These consumer-friendly real estate tools are provided by Margaret Woda for you to use at your own pace.

When you're ready to go from "just browsing" to "let's get serious", contact Margaret online or call her at RE/MAX Vision in Crofton Maryland. 410-451-1900

Moving Your Pets

Margaret Woda, Maryland Real Estate: Real Estate Agent in Crofton, MD

Including Anne Arundel County Veterinarian Directory and Dog Park Directory

Included in Your Online Relocation Package for Anne Arundel County, Maryland - Home of Fort George G. Meade, NSA, Northrop Grumman, BWI, and the U.S. Naval Academy.

From dogs and cats to birds and fish, pets are part of the family and we love them. Whether you're moving across town or around the world, you want your pet's move to go as smoothly as yours.

Last summer, my daughter relocated from Maryland to Texas for a new job, and I traveled in the car with her and her cocker spaniel to help with the move. I had an opportunity to experience first hand the value of adequate preparation for moving with your pet. Here are some of the things that Susan did to prepare for her pet's move:

Girl and cat - istockphoto

1. Take your pet to the vet for a check-up and all required shots. Get a complete copy of your pet's medical records and set it aside so it doesn't get packed for the move by mistake. Get refills for any prescriptions so you'll have a good supply available until you find a new vet, and ask your vet for a recommendation regarding a mild sedative for your pet. And ask your vet for a referral to a vet in your destination city.

2. Have your pet bathed and groomed before moving, because it may be a few weeks or months before you find a new groomer. Ask your groomer about a referral to someone in your destination city.

3. If traveling by air, make reservations several weeks in advance for a direct flight. Inquire about any restrictions or requirements and ask whether you can "carry-on" your pet rather than check him in the cargo hold - it will be a lot less traumatic for your pet, if you can. How to Minimize Risk to Your Pet in the Cargo Area of an Airplane

4. If traveling by car, plan your trip and make reservations in advance for any overnight stay(s) at a place that allows pets. Allow time for a rest-stop every two hours, so your pet can stretch, have some water, and relieve itself. Remember, you shouldn't leave your pet in the car unattended (in the summer, your car can quickly reach 120 degrees), so plan on eating at a lot of drive-through restaurants, or bring snacks, sandwiches, fruit and beverages in a cooler.

5. Maintain your routine as much as possible and be aware that your pet may be very confused by the change in his environment, as familiar surroundings are replaced by stacks of moving boxes. A little extra love and attention would be a good thing to reassure your pet during all the upheaval as you prepare for your move.

6. Make plans in advance for moving day to keep your pet in a fenced yard, a closed room, or at someone else's house. The door will be open as movers go in and out, and you don't want your pet running out amid the confusion. You may even wish to board your pet for the last day or two before you hit the road to your destination city.

7. Make plans in advance for move-in day, as well, to keep your pet secure.

8. Pack for your pet, using the following list to make sure you remember everything.

PET PACKING CHECKLIST:

__ Contact information for your veterinarian and a referral to a new vet in your destination community

__ Your pet's up-to-date medical records

__ A bowl and plenty of bottled water

__ A collar and id tag (with your new address), leash, harness, and/or pet carrier.

__ Your pet's usual food (several servings pre-measured in disposable plastic bags) and bowl.

__ Your pet's vitamins and medication

__ Plastic bags for picking up pet waste

__ Paper towels for cleaning up accidents

__ The bed or blanket where your pet usually sleeps

__ Your pet's favorite toys and treats

__ A sturdy comfortable pet transport carrier (required for air travel, and recommended for cats traveling by car)

__ Kitty litter for your cat(s)

Moving overseas?

boy and dog

That's a whole new ballgame, and you probably want to consider a pet transport. List of special considerations for moving overseas with your pet.

What about your fish, hamsters, and gerbils?

Movers and airlines are not pet-friendly when it comes to these. Unless you're traveling a short distance by car, finding a new home for these pets may be best for them and you. If you do transport them by car, some vets recommend you cover the container until you arrive.

Moving your birds

I couldn't say anything more or better than Barbara Bouchard in her article about Moving With Birds. She covers everything from traveling to overnight hotel stays to food and adjustment to the changes.

New to Anne Arundel County?

(This directory is provided to help you identify local veterinarians, but I can't endorse or recommend any.)

Anne Arundel County Veterinarians:

Anne Arundel Veterinary Emergency Clinic, 808 Bestgate Rd, Annapolis, MD, 410-224-0331
Anne Arundel Veterinary Hospital, 4800 Ritchie Hwy., Brooklyn, MD, 410-789-0060
Crofton Veterinary Center, 2151 Defense Highway, Gambrills MD, 410-721-7387
Family Veterinary Clinic, 1413 Defense Defense Highway, Gambrills, MD, 410-721-4545
Fort Meade Veterinary Treatment Center, call (301) 677-1300 to find out if you are eligible
Gambrills Veterinary Center, 1076 Rt. 3 South, Gambrills, MD, 410-721-0001
Glen Burnie Animal Hospital, 408 Crain Hwy, S, Glen Burnie, MD, 410-761-2300
Greater Annapolis Veterinary Hospital, 1901 Generals Hwy, Annapolis, MD, 410-224-3800
Hoffman Animal Hospital, 15 Old Mill Bottom Rd. N., Annapolis, MD, 410-757-3566
Millersville Animal Hospital, 401 Headquarters Dr., Millersville, MD, 410-987-8300
Odenton Veterinary Hospital, 8393 Piney Orchard R., Odenton, MD, 410-674-3266
Waugh Chapel Animal Hospital, 2638 Brandermill Blvd., Gambrills, MD, 410-451-3700

If you would like to add an Anne Arundel County veterinarian to this list or modify any of the above information, please submit your suggestion in the comments to this blog.

Anne Arundel County Dog Parks:

Bell Branch Park, 2400 Davidsonville Rd, Gambrills, MD, 410-222-7317
Broadneck Park, 618 Broadneck Rd, Annapolis, MD, 410-222-7317
Downs Park (Dog Beach only), 8311 John Downs Loop, Pasadena, MD, 410-222-6230
Maryland City Park, 565 Brockbridge Rd, Laurel, MD, 410-222-7317
Quiet Waters Park (Dog Park and Dog Beach), 600 Quiet Waters Park Rd, Annapolis, MD, 410-222-1777

If you're relocating to Anne Arundel County, and you own a pet, check out Anne Arundel County Animal Control responsibilities as to licensing, vaccinations, and other important matters.

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Crofton Maryland Real Estate

Find a Home online and learn about Real Estate Market Conditions in Crofton and Anne Arundel County, Maryland. Check out Today's Rates, use the free Mortgage Calculator, and watch a brief video about the Power of RE/MAX. These consumer-friendly real estate tools are provided by Margaret Woda for you to use at your own pace.

When you're ready to go from "just browsing" to "let's get serious", contact Margaret online or call her at RE/MAX Vision in Crofton Maryland. 410-451-1900

Gambrills, MD Market Analysis

01-17-08
John Newman
John Newman: Real Estate Agent in Gambrills, MD

This is the first market analysis for Gambrills, MD of 2008. This will be updated on a monthly basis. As 2007 came to a close, the Gambrills housing market was showing some signs of stabilizing. Obviously, we would need several more months data to truly define the current market. As we analyze the market there are a couple of interesting observations which I have noted below.

GAMBRILLS, MD Market Statistics
From: 12/01/2007 to 12/31/2007

Residential
Unit Sales
Number of Bedrooms

Active Listings

Time on Market

Price Class

2
Or Less


3

4
or More

Condo
Coop

Ground
Rent

Residential

Condo
Coop

Ground
Rent

of Units Sold
(No. of Units)

Under $100,000

0

0

0

0

0

0

0

0

1 -30 Days

1

$100,000 - 149,999

0

0

0

0

0

0

0

0

31-60 Days

3

$150,000 - 199,999

0

0

0

0

0

1

0

0

61 - 90 Days

2

$200,000 - 249,999

0

0

0

0

0

0

1

0

91-120 Days

1

$250,000 - 299,999

1

0

1

0

0

1

0

0

Over 120 Days

6

$300,000 - 349,999

0

0

0

0

0

4

2

0

Total

13

$350,000 - 399,999

0

0

2

0

0

11

1

0

$400,000 - 449,999

0

0

1

0

0

5

1

0

Type of Financing
of Units Sold
(No. of Units)

$450,000 - 499,999

0

0

0

0

0

4

0

0

$500,000 - 599,999

0

0

2

0

0

9

1

0

Conventional

10

$600,000 - 699,999

0

0

2

0

0

7

0

0

FHA

1

$700,000 - 799,999

0

0

1

0

0

6

0

0

VA

0

$800,000 - 899,999

0

0

2

0

0

5

0

0

Assumption

0

$900,000 - 999,999

0

0

0

0

0

8

0

0

Cash

1

$1,000,000 - 2,499,999

0

0

1

0

0

4

0

0

Owner Finance

0

$2,500,000 - 4,999,999

0

0

0

0

0

1

0

0

All Other

1

$5,000,000 & Over

0

0

0

0

0

0

0

0

Unreported

0

Totals

1

0

12

0

0

66

6

0

Total

13

Grand Totals

13

72

2007

2006

% Change

Total Sold Dollar Volume:

$ 7,643,913

$ 2,924,900

161.34 %

Average Sold Price:

$ 587,993

$ 487,483

20.62 %

Median Sold Price:

$ 590,000

$ 477,450

23.57 %

Total Units Sold:

13

6

116.67 %

Average Days on Market:

114

93

22.58 %

Average List Price for Solds:

$ 642,116

$ 529,100

21.36 %

Avg Sale Price as a
percentage of Avg List Price:

91.57 %

92.13 %

Total NEW listings:

6

Total Properties Marked Contract:

6

Total Properties Marked Contingent Contract:

3

Total NEW pendings (Contracts + Contingents):

9

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.

1) Avg. Sale Price as a percentage of list is 91.57% compared to 92.13% a year ago and down from 95.29% last month. What does this mean? As a seller you can use this information (all other things being equal) to evaluate the quality of your offers. As a buyer you can use this to structure your best offer. The other thing that we are seeing is an increase in the amounty of seller help given to buyers, this number is not reflected in this chart.

2.) There were six new listings in December, but nine properties went under contract. If this trend continues this could be a sign of a market stabiling and/or change to a sellers market from a buyers market. Also, this trend if it were to continue would slowly chip away at the existing supply of homes. When supply is less than demand prices should start to increase.

3.) The average days on market has increased from 93 days a year ago to 114 days today. This number is also up from 87 days a month ago. If you are selling your house you should take this number into consideration to determine the approximate time it will take to market your home.

4.)Avg. List Price, Avg. Sold Price and total volume data should not be read into as closely because these numbers can be skewed due to the amount of new construction in the Gambrills area.

If you are thinking about buying or selling a home in Gambrills, MD, please visit www.THINKNEWMAN.com or give me a call at 301-343-7671. WHEN YOU THINK REAL ESTATE, THINK NEWMAN!!