Severna Park, MD

ANNE ARUNDEL COUNTY REAL ESTATE - SEVERNA PARK HOME PRICES 2009 AND 2010.

The average price for a detached single family home in Severna Park during 2009 was $498,956. 249 single family homes sold in Severna Park in 2009.

The average list price for a detached single family home in Severna Park in January 2010 is $769,012. There are 150 active listings of single family homes for sale in Severna Park in 2010.

Severna Park is a popular location for home buyers due to the highly ranked public schools and water front properties on the Severn River and Magothy River.

New Homes in Severna Park are in the luxury price ranges.

Severna Park is conveniently located between Baltimore and Annapolis.

To tour homes in Severna Park, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Search for all Homes for Sale in Anne Arundel County MD HERE.

Homefinders.com, HELPING HOME BUYERS IN ANNE ARUNDEL COUNTY AND OTHER AREAS MARYLAND REAL ESTATE. Experienced Buyer's Agents know how to help home buyers get the best home for your location and price range.

OUR SERVICES ARE FREE TO HOME BUYERS.

Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

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

Severna Park, MD added eight new active listings to the current inventory last week. The least expensive was a 3/2 rancher in the Riverdale Forest section. The most expensive listing was a 4 bedroom, 3 bath Cape Cod waterfront on an acre of land. Oh yeah, the price for this one, if you're interested, is $1,400,000.

Severna Park, MD is not a big rental market but a new rental listing in McKinsey Park came active.

4 properties moved or changed status into some sort of Contract status, while 7 sold and went to settlement. Same as last week. The contract status changes tends to be a future indicator of settlements to come in the near future.

If you're looking to purchase or sell a home in Severna Park, 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

Severna Park MD Real Estate - Status for Week Ending 01/23/10

Severna Park, MD added fourteen new active listings to the current inventory last week. The least expensive was a 3/2 rancher int eh Riverdale section. If you're looking for a 3/2 rancher in the water oriented Manhattan Beach section, you're going to have to pony up $749,900. At least, thats the beginning asking price.

Severna Park, MD is not a big rental market and nothing that happened last week changed that. No new rentals and not rentals went off the market.

4 properties moved or changed status into some sort of Contract status, while 7 sold and went to settlement. The contract status changes tends to be a future indicator of settlements to come in the near future.

If you're looking to purchase or sell a home in Severna Park, 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

Severna Park MD, 21146

Unlike November, 2009 Severna Park, MD has shown a pretty significant, negative sales trend in December. When comparing December 2009 to December 2008, almost every category, except days on the market, went in the wrong direction.

Some of the activity could have been affected by first time home buyers trying to cram in a sale in November before the $8,000 tax credit was to originally have expired.

Severna Park, MD had an inventory of 168 homes for sale at the end of December.

Fifteen new listings came on the market and eleven listings went under contract. Another 5 listings were market contingent contract. The inventory of homes for sale remained fairly constant.

Thirteen of the fifteen homes that sold were priced under $500,000. For Severna Park, MD this is fairly unusual. The average and median sales prices were driven down 24% and 20% respectively, comparing December 2008 to 2009.

It's pretty difficult to say what this means for the 21146 zip code right now. Monthly data is showing pretty large swings and hasn't settled into a steady pattern.

Severna Park, MD real estate home sales underperformed many other communities in Anne Arundel County for the month of December. 21146 still remains a pretty strong buyers market.

If you're not already working with a Realtor® to find that perfect Severna Park, MD home, I can help. Call me at 443-995-9595 any time.

SOURCE: Metropolitan Regional Information Systems, Inc.
Information deemed reliable, but is not guaranteed.

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

Severna Park MD, 21146

Severna Park, MD has shown a sales trend that we haven't seen in many communities in Anne Arundel County. Like Severna Park, most communities in Anne Arundel County have shown pretty significant sales increases in November 2009, compared to November 2008. However, other communities seem to be drawing their increases from first time home buyers. Severna Park on the other hand generated most of the home sales in the above $300K price range. It is also one of the few communities where the median sold price increased 2009 over 2008. First time home buyers in the rest of the county drove median sold prices down.

More than doubling the number of Severna Park, MD homes sold in November 2008 was significant, especially since first time home buyers weren't the main cause.

18 new listings were created in November, 2009 and 28 units sold, reducing the inventory.

The days on the market to sell a listing did increase by +7.25%, or 10 additional day on average.

Severna Park, MD outperformed in November, 2009 without the help of first time home buyers. Quite an accomplishment.

If you're not already working with a Realtor® to find that perfect Severna Park, MD home, I can help. Call me at 443-995-9595 any time.

SOURCE: Metropolitan Regional Information Systems, Inc.
Information deemed reliable, but is not guaranteed.

If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.

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