Annapolis Maryland Luxury Real Estate

Market Report - Homes for Sale in Olde Glen Burnie, Glen Burnie, Maryland, 21061 (Anne Arundel County, Maryland)

As of today, March 3, 2010, there were 4 homes for sale in Olde Glen Burnie in Glen Burnie, Maryland. There were 2 homes that sold in the last 180 days. The average list price for homes in Olde Glen Burnie is $292,367. The average sold price is $257,200.

View Homes for Sale in Olde Glen Burnie, Glen Burnie, Maryland, 21061 in a larger map

Homes currently for sale in Olde Glen Burnie include:

• 212 3^rd Ave SE
  Offered at $220,000
• 200 4^th Ave SW
  Offered at $255,000
• 400 Joyce Dr SW
  Offered at $324,900
• 14 Georgia Ave NW
  Offered at $439,900

Homes sold within the last 180 days in the Olde Glen Burnie include:

• 506 Central Ave
  Sold for $234,500 with a $9,400 subsidy
• 11 Oak Ln SW
  Sold for $279,900 with a $10,000 subsidy

For listing details, please visit Homes for Sale in Olde Glen Burnie.

200 4th Avenue SW

Olde Glen Burnie consists of single family homes mostly built in the early 1900's to mid-1900's and is located in Glen Burnie, Maryland in the northern part of Anne Arundel County. 

If you have a home to sell in Olde Glen Burnie and want a professional consultation on current market conditions or if you are interested in purchasing your next home in Olde Glen Burnie and want to tour any home currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

Notice: Information has been obtained from Metropolitan Regional Information Systems, Inc. (our MLS) and other public sources. Information believed to be accurate, but should not be relied upon without verification. Stephen Howell and/or Coldwell Banker Residential Brokerage did not necessarily participate in the sale of the above referenced properties.

The Anne Arundel County Housing Affordability Index declined in December after climbing the month before.  The index is now back to the October 2009 level.

The Anne Arundel Housing Affordability Index measures just how much income is needed to purchase a home in the county based on the average sold prices, current national mortgage rates.  When the index is below 100.0, it means that more income is needed to purchase a home than the Median Household Income for the county.  Conversely when the index is above 100.0, it means less income is needed to purchase a home.  Thus, low index number mean homes are less affordable, while high index number mean that homes are very affordable.

The last time the index last peaked at 106.8 in January 2001, then followed a long decline till May 2006.  The index dipped to 56.6 in May 2006 when the average sales price for a home in Anne Arundel County ready $443,396 and the average national mortgage rate soared to 6.6%.  Combine together - sales price and mortgage rates - can have dramatic impacts on affordability.  Recently as county home prices have declines, mortgage rates remain low, thus the affordability is on the rise.  In December of 2008 the index was 75.7, a year later in December 2009 the index was 82.6, thus homes were on average 8.4% more affordable than the year before.

More information about the Anne Arundel County Affordability Index can be found at the Maryland Econometrics website.

The December 2009 data is now available at MRIS.com for Anne Arundel County, Maryland and other metro-Washington and metro-Baltimore counties.  To quickly summarize the December data, the average sale price fell by 4.1% while the dollar volume was up 16.3% from this time last year, while month over month was down -17.5%.  The likely cause of this is the first-time home buyer credit of $8,000 bumped up the November sales but may have been offset by the traditional holiday slow down in residential sales.  Remember, this time last year we were wondering if the housing crisis would continue throughout the winter of 2008-2009.  What a difference a year makes!!!

Year-to-Year

Month-to-Month

How Does Your Home Compare?

A comparable market analysis shows recent sales for homes similar to your own in location, type and style (for example single family home and colonials), size (for example bedroom and baths), and age.  The Stephen Howell Realty Group provides an online evaluation of your home using real-time data from the multiple listing service (MRIS - our MLS).  The evaluation is interactive, easy to use and best of all FREE.  Click here to get started now.

Information is believed to be accurate, but should not be relied upon without verification.

Market Update for Rivergate, Annapolis, Maryland 21401, January 12, 2010.

There were 2 active garden unit listings on the market this morning.  The average asking price was $226,750 while the median asking price was the same.  There was 1 garden unit under contract.  The asking price was $294,900.  There were no units that had sold in the last 90 days.

If you have a home to sell in Rivergate and want a professional consultation on current market conditions or if you are interested in purchasing your next home in Rivergate and want to tour any home currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

Information is believed to be accurate, but should not be relied upon without verification.

Market Update for Windgate, Annapolis, Maryland 21401, January 7, 2010.

There were 8 active garden unit listings on the market this morning.  The average asking price was $265,683 while the median asking price was $262,450.  There was 1 garden unit on the market under contract with an average asking price of $269,000.  And, there were 2 garden units sold in the last 90 days with an average asking price of $274,000 and an average sold price of $257,000 (92.51% of asking price).

There were 4 active townhome listings on the market this morning.  The average asking price was $367,873 while the median asking price was $366,000.  There were no townhomes under contract.  And, there were 2 townhomes sold in the last 90 days with an average asking price of $375,000 and an average sold price of $366,000 (97.68% of asking price).

If you have a home to sell in Windgate and want a professional consultation on current market conditions or if you are interested in purchasing your next home in Windgate and want to tour any home currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

Information is believed to be accurate, but should not be relied upon without verification.