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June Piper-Brandon, CRIS, ePro, Broker

Market Update for Glen Burnie, MD and Anne Arundel Co for week ending March 8, 2008

The market has really started to heat up, with more buyers searching for their first or next home. The number of new listings has increased and the number of homes going under contract has also increased. The numbers boast an improvement in the housing market here in Maryland.

These figures are taken directly from our MRIS system and are believed to be accurate.

Glen Burnie, MD

New Listings 36 (increase of 15 from last week) Total 438

Under Contract 28 (increase of 9 from last week)

Settled Sales 7 (decrease of 10 from last week)

Anne Arundel County

New Listings 279 (increase of 50 from last week) Total 3854 (increase of 56 from last week)

Under Contract 218 (increase of 96 over last week)

Settled Sales 34 (decrease of 99 over last week)

Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too.

Baltimore City Market Update

The spring market is actually heating up. And with all of the bad news in real estate nationally, here are two pieces of critical GOOD news:

1. Baltimore showed a net increase of 2.1% in prices for 2007 (according to Zillow)

2. Baltimore falls in tier 4 of the PMI Group's national assessment of Real Estate Economic Trends...which means there is only a 10-20% chance that real estate prices will fall lower in Baltimore in the coming year. There are many MSAs who would like to be able to say the same.

Baltimore, Maryland

New Listings - 403

Total Number of Active Listings - 5000+

Homes that went under contract - 153

Settled Sales - 105

Glen Burnie and Anne Arundel County Market Update

I have been keeping an eye on the marketplace here in my office's home county. There has been an increase in activity, more calls, more buyers, more listings overall and more contracts being written and statistically shown here more sales settled this week. It's great for us as realtors and also shows an increase in people's confidence in the housing market.

These market numbers are taken directly from the MRIS system in Maryland.

Glen Burnie, Maryland

New Listings - 21 (down 8 over last week)

Total Number of Active Listings - 425 (down 59 over last week)

Homes that went under contract - 19 (up 11 over last week)

Settled Sales - 17 (up 15 over last week)

Low Price - $179900

High Price - $573000

Anne Arundel County, Maryland

New Listings - 229 (up 25 over last week)

Total Number of Active Listings - 3798 (up 14 over last week)

Homes that went under contract - 122 (up 35 over last week)

Settled Sales - 133 (up 100 over last week)

Low Price - $100,000

High Price - $2,250,000

Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too.

Pre-St Patricks Day Networking Potluck Luncheon

 Location

Advance Realty
1405 Madison Park
Glen Burnie, Maryland 21061

Time: 12:00 until 2:00 pm on February 27

Description
We all know there's a little leprechaun in all of us, and we have the ideal event to break him out! Advance Realty invites you to our February potluck networking gathering, our "Preparing for St. Paddy" event. We can't promise the Blarney Stone or a pot of gold, but you will be able to enjoy new friends and great contacts as you share your favorite dish. You will be joined at this event by fellow industry professionals who you always wanted to meet, but either never had the time or never had the opportunity. So whether it's over soda bread or shamrock pudding, we're making being in the right place at the right time a reality. Sláinte!
Cost
When you RSVP please let us know what you will be bringing. Only cost is what you bring to share. FREE
Register For This Event
Contact
June Piper-Brandon
Advance Realty
410-761-1550
http://mailto:junepiperbrandon@advancerealtyusa.com

Greenlight Baltimore - BRAC Tour

 The Live Baltimore Home Center is preparing to host the"Greenlight Baltimore," a Base Realignment and Closure (BRAC) related relocation fair and tour of Baltimore City on Saturday, April 12, 2008. This is a free event for individuals and families impacted by BRAC and considering relocation to Maryland in the next two-four years.

This is a great opportunity for people to experience some of Baltimore's finest features and learn more about the area you are about to relocate to.

Baltimore offers over 225 individual neighborhoods and each with it's own personality. Joining this tour will give you the opportunity to experience Baltimore through the eyes of those that know it best and love nothing better than to show off Charm City.

Live Baltimore is a nonprofit organization dedicated to promoting living in Baltimore City. Greenlight Baltimore is a one-day event designed to showcase some of the neighborhoods and quality of life amenities found in this great city of Baltimore. The day includes complimentary bus transportation from home areas in New Jersey and Virginia, a fair highlighting our neighborhoods and community organizations, narrated familiarization bus tours of city living opportunities and a closing reception.

Stay tuned for more information about this great city of Baltimore.

June Piper-Brandon, Advance Realty Anne Arundel

http://www.gb-advancerealtyusa.com/jpiperbrandon