You may have heard lately on the national news that the Real Estate Market is flat. Or you may have heard that the Real Estate Market is down, or not doing well. But since Real Estate is sold on the local level, what's happening in other areas just doesn't apply here.
I've been working with a family the past few weeks - they are looking to purchase a single family home with an in-law suite. They want what the area has to offer - good schools, good location, and a nice community.
We have place bids on three different homes in the past two weeks. On the first two homes, my buyers were outbid, by other buyers willing to pay over the list price. Currently, we are in a competing bid situation on a third property. My buyers love the house and are willing to pay over the list price in order to get this home.
Needless to say, in this part of Maryland, in this price range (approximately $350 - $400,000), homes are moving.
The homes below represent a very small sampling of what's happening in our local market: these homes are all located in either Howard, Carroll, Baltimore or Frederick County, have all sold in the past six months, and were all on the market for less than 30 days:
Tim McIntyre, GRI
tmcintyre@cbmove.com
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Visit my website at www.timsellshomes.com.
Ellicott City Realtor, Catonsville Realtor serving Howard County, Carroll County and Baltimore County for more than 25 years.
Tim,
National rarely represents what's going on at the local level. Glad to hear your market is doing well.
I think that the internet, which erase time and geography, has also made a trend more global. What you are experiencing, in this lower price range, appears to be happening all over North America, and also in U.K. The higher end/"luxury" segment remains quiet, unless a specific niche property.
Glad to hear your thoughts. Iam wondering what effect the 1st time buyers tax credit Mr Obama as in place will do to the market when it ends in a few weeks?