As you can imagine, home buyers in Odenton, MD, frequently take advantage of VA loans. I'm pretty sure that this is one of the few communities around where VA loans exceeded Conventional loans for home purchases in September, 2009.
Of course, Ft. Meade, home to the NSA is the cause of so many VA loans.
In September, 2009 though, FHA loans were at the top of the list with 10. This loan type is very attractive for first time home buyers since it only requires 3.5% of the purchase price as a down payment.
If you're looking for a home in Odenton, MD, I work with an outstanding lender who can secure the best financing to meet your needs.
If you're not already working with a Realtor® to find a home in Odenton, MD, I can help.
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
| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $7,744,500 | $9,012,593 | -14.07% |
| Average Sold Price | $297,865 | $333,800 | -10.77% |
| Median Sold Price | $298,750 | $320,000 | -6.64% |
| Total Units Sold | 26 | 27 | -3.70% |
| Average Days on Market | 77 | 116 | -33.62% |
| Average List Price for Solds | $318,532 | $358,518 | -11.15% |
Odenton, MD real estate sales in September, 2009 compared to the same month in 2008 were not trending upward.
The number of units sold was almost the same so the reduction in average prices is reflective of the price ranges that are active. 24 of the total 26 homes sold in Odenton, MD during the month of September, 2009 were under $400,000.
Crofton, MD, a neighboring community had 8 homes sold over $500,000.
The Odenton, MD homes for sale inventory remains high at 198. It grew slightly since 42 new listings came on the market while 26 were settled.
Taking a peek at the future it looks like the trend is turning around. 38 homes went into one of the contract stages.
Interestingly, houses are selling faster in Odenton, MD in September of this year compared to last, even while the inventory continues to grow.
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
It wasn't all that long ago that FHA loans were rejected by sellers in Crofton, MD pretty routinely. Look what happens when the market turns.
In September, 2009, FHA loans outnumbered any other type of financing for Crofton, MD home buyers. Conventional financing was a very close second with VA financing pretty strong as well.
Two buyers came up with the cash to purchase their Crofton, MD home. I don't know why, but this still amazes me. Especially when you consider the average Crofton, MD home was $353,841 in September, 2009.
As you can see, if you're a Crofton, MD home buyer, you should consider an FHA loan. Right now, you can receive an FHA loan with 3.5% of the purchase price as a down payment.
If you're not already working with an agent to find your Crofton, MD home, I can help.
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
| 2009 | 2008 | % Change | |
| Sold Dollar Volume | $13,799,800 | $10,567,800 | +30.58% |
| Average Sold Price | $353,841 | $340,897 | +3.80% |
| Median Sold Price | $325,000 | $320,000 | +1.56% |
| Total Units Sold | 39 | 31 | +25.81% |
| Average Days on Market | 80 | 94 | -14.89% |
| Average List Price for Solds | $381,069 | $360,958 | +5.57% |
As you can see from the data above, Crofton, MD home sales had a pretty good month in September, 2009 compated to September 2008.
It's been pretty rare to see every category improve.
Prices are increasing, more units are being sold, and homes are selling faster.
During the month of September, 2009, 35 new listings were added to the Crofton, MD home inventory, while 39 were sold.
In a peek at the near term future, 46 homes went under one of the various contract categories.
A deeper look at the data seems to indicate that pretty much all price ranges are selling in Crofton. Surprisingly strong was the $500,000 - $599,999 price range where 8 homes went to settlement.
From the data, it looks like more than just first time home buyers are fueling the Crofton, MD home sale increases.
If you're not already working with a Realtor® to find that perfect Crofton, MD home, I can help. Call me at 443-995-9595 any time.
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
Location, Price, Condition. This house has it all. If you're looking for the best priced, single family, 4 bedroom home in Hanover,your search is over. Screened in deck, skylights, cathedral ceilings, large family room, marble fireplace, large bedrooms, three full baths, two car garage, workshop in lower level, move in ready...more.
$375,000
Split Foyer
4 Bedrooms
3 Full Baths
LR/DR
Eat in Kitchen
Recreation Room
Screened in Porch
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
©iStock Photo - License Purchased for Use
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Serving discriminating buyers and sellers in the Anne Arundel, Prince Georges, Howard, Calvert and Queen Anne Counties in Maryland. Call Rich at 443-995-9595 for the real estate service you deserve
To search for all active listings in Maryland, Virginia and the District of Columbia use http://www.RichSellsHomes.com
Welcome to Crofton, MD. As a sales associate working for Long and Foster Real Estate, Inc. I feel priviledged to work with buyers and sellers all throughout Anne Arundel and surrounding counties.
Crofton is a destination place for buyers moving into the area. We're ideally situated about 30 minutes out of Washington, DC to the south and 30 minutes out of Baltimore to the north. Travel east about 10 minutes and you're in the Capital of Maryland, Annapolis. Each of these cities is a thriving employment area, making Crofton an ideal location.
My family and I moved to Crofton in 1991 and used the same criteria that buyers today use when looking for a home. Great location, good schools and safety. After looking at several communities in the area Crofton was our number one pick and we've never looked back. It has been a wonderful small city to raise a family.
The kids are grown and out now and living in nearby Baltimore County. My wife and I are still in Crofton and plan on remaining here for quite some time.
You're in luck...my two Schnoodles like everybody.
When you're on the Internet, you don't have time to waste on endless searches for useful real estate information. You want to get things done quickly and without hassle. So chances are you'd like a real estate agent who
Enter the e-PRO.
An e-PRO is a REALTOR® who has successfully completed the e-PRO training program for real estate professionals. Endorsed by the National Association of REALTORS®, the e-PRO course teaches professionals the nuts and bolts of working with real estate on-line: Web sites, e-mail, on-line tools, and most of all, what today's consumer really wants.
I have been an e-PRO for 4 years and use only the latest in technology to help assist buyers and sellers in realizing their dream of home ownership.
Active Rain is a great platform and learning experience.
A grandchild changes everything. Rich and Jackson, 10/08.
Rich Iarossi
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
My main area of expertise is working with renters, buyers and sellers in the residential real estate market.
Valerie Martin
“Rich, my salesperson was excellent. Attention to my wants and method of house hunting, attention to details above and beyond expectations.”
Roger and Thuy Castillo
“We loved Rich and would recommend him to any and everyone. Rich served us above and beyond his duties. He was knowledgeable and trustworthy.”
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“Rich was the perfect realtor for us – patient, knowledgeable. He made the whole process a very pleasant one.”
Peg Hardy
"When it comes time to sell Rich is going to be my agent. I'm picky and it took some time but he was patient and we found the perfect house."
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