Market Conditions in Brunswick MD

This little town is nestled along the Potomac River just off Route 17. A very popular area as the prices were increasing in the mid-2000s, Brunswick MD real estate has been a test of time. The attraction to this area was two fold; Affordable housing prices and commuter convenience to Washington DC.

As the gas prices began to soar, the first time home buyers from the Greater DC area started to flock to the area. New homes were build in Galyn Manor and existing home prices began to sail. Plenty of speculators dumped money in remodeling the older homes and offered them at attractive prices.

This sleepy little railroad town has its own MARC train stop and a few quick commuter routes to Northern Virginia and other major metro areas like Rockville and Bethesda. Located about half way between Leesburg, VA and Frederick, MD, this makes Brunswick attractive to the avid shopper. You have the Leesburg Outlets only 18 miles away and in the other direction, you have FSK Mall in Frederick.

Market Conditions in Brunswick MD 11/26/07

	Active	Under Contract	Sold in last 90 days	Ave. Days on Market
Condos	O	O	O	NA
Town Homes	O	O	O	NA
Single Family	38	1	7	193
Total	38	1	7	193

*data is under review due. I will update if needed.

Also noteworthy about the area, there were only 5 homes in preforeclosure status, 5 in foreclosure status and only one Bank Owned property in the Brunswick, Knoxville area as of 11/26/07.

Have a great day.

Market Conditions for Whittier Pond

 

Let’s take a look at what’s happening in one of the popular communities in Frederick County called Whittier Pond. Built back in the early 1990s, you have a wide selection of homes in this area. Condos, townhouses and single family homes throughout the community. With a full array of amenities; Walking paths, basketball courts, tennis courts, three community swimming pools and a seven acre lake help to build a stronger community feeling. The lake offers a peaceful evening stroll or morning jog. Picnic table riddle the shoreline for an afternoon picnic.

Newer single family homes are being built right now with a price range of $440,000 to $650,000. The Vistas at Whittier offer spectacular views of the city.

If you are not ready for brand new, there are plenty of previously enjoyed homes to choose from…Contact me for a detailed list of active homes. (or Search MLS for Free here)

Here’s a snap shot of the latest activity.

Market in Whittier Pond 11/19/07

	Active	Under Contract	Sold in last 90 days	Ave. Days on Market
Condos	1	O	O	102
Town Homes	19	5	4	140
Single Family	9	1	1	133
Total	29	6	5	137

Have a great day.

 

Market Conditions around Frederick (foreclosures and REOs)

Today I will share some RealtyTrac Data. I have been tracking it for a few months. I am sure the foreclosures and short sales are only going to get worse before it gets better. You do have options before going to foreclosure…but you have to act before it’s too late. Short sales are one option. Some banks are willing to take less than you owe on your mortgage, if you are to sell you house. You have to do this before they start the Foreclosure proceedings. I know that when the phone rings you cringe…you can’t ignore it. Talk to your lender! They don’t want to own your property. Outcomes vary depending on lender and your personal situation…But you do have choices.

I have started set up another site strictly dedicated to foreclosures, auctions and Bank Owned properties. It is just in it’s infancy stages. I intend to amass resources, solutions and data around this increasing epidemic.

Do you feel like a Nation of Sheep?

I came across this video before I realized it was a sales pitch. He makes some pretty valid points. Freedom of speech allows me to write this blog.

I started to think how his points even apply in Real Estate. Sure its not the government that is leading everyone to the Kool-Aid, but the media. They are making everyone believe that this housing slump is National. Real Estate has been and always will be local. It even drills down a very local level. One neighborhood might be selling in Frederick, while another one a few miles down the road isn’t selling as well. Sure, we are seeing above average Foreclosures in Frederick County, but we are no where near the number of foreclosures as seen in Southern Florida, Detroit Michigan and around the Denver area. The national average was 1 out of 189 homes are in foreclosure proceeding. The last I heard in Maryland, we were around 1 in 290 homes. Bad, but not horrible. Don’t listen to the media…listen to your REALTOR®. If the time is right for you to buy, there is no time like the present. (remember if you’re selling in a bad market, you’re buying in one too. Obviously, the same applies when you sell in a great market…so it’s a wash either way)

[youtube:http://www.youtube.com/watch?v=Gs9GTbMtJ3E]

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