mdrealestateblog.com

1658 Patrice Circle, Crofton, MD 21114
List Price: $639,900
Ownership: Fee simple
BR/FB/HB: 4/2/1
Lot AC/SF: 0.22 / 9,600
Lvls/Fpls: 3/1
Year Built: 1993
Total Tax: $6,129
Tax Yr: 2009
Style: Colonial
Type: Detached

Experience the Crofton lifestyle in this beautiful and spacious Center Hall Colonial. Gourmet kitchen with upgraded cabinets, granite countertops, large cooktop island, GE Profile appliances. Huge finished basement. Professional landscaping, 2 tiered deck, hot tub, flagstone patio, private fenced yard. Crofton schools. A winning combination of home features awaits you.

See full listing of 1658 Patrice Circle here.

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

Crofton MD Market Statistics - February 2010

Crofton MD gave back a little in some sales categories comparing February, 2010 to February , 2009.

Sales volume and units sold decreased -24% and -30% respectively. The base is low, making it difficult to determine an accurate market assessment based on units alone. While the decrease year over year was significant, Crofton typically sells around 20 homes per month, on average. Winter months are always difficult to project because of severe weather fluctuations and relatively low number of sales. Remember, there were two major snow storms in February, causing vast fluctuations in the real estate market.

Several other indicators can help to see what's going on in the Crofton, MD real estate market. The average days on market decreased -9% year over year. On average, in January 2010, Crofton homes for sale were taking about four and a half months. Not bad and an indicator that the market is beginning to trend towards sellers. The average list price for homes sold also increased +4.82%. This was unexpected since there is still a good deal of first time home buyer activity in the market now.

Another significant data point is the Average Sale Price as a % of Average List Price. Higher percentages favor sellers. As you can see there was a significant increase in this indicator year over year. Crofton, MD bargain basement shopping is slipping away, if it was ever really here.This indicator shows that houses are priced right and sellers are getting reluctant to make price concessions.

Most agents I talk to do see the Crofton MD real estate market getting better as the season progresses.

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

Crofton MD Foreclosures by Category

Although Crofton, MD is not a hotbed of foreclosure activity, they do occur. As you can see from the table below, three are only three Active foreclosures in Crofton, MD today. You can view these three foreclosures by clicking the link here.

If you're interested in seeing any Crofton, MD foreclosure, or any listing in Crofton, MD, I can help.

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

The Crofton MD rental market continues to be robust. With the high military presence and relocating employees into the area, quality rental listings can be difficult to find.

You have to act fast to identify the best rental opportunities for you in this market. You can search and sign up here to receive an email when new rental listings come on the market for any community in Maryland. Every time a new rental is entered into the Multiple Listing Service, you will be notified by email the next morning. How easy is that?

If you're not already working with a REALTOR® to find a Crofton, MD rental, I can help.

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

Crofton, MD 21114

If you're searching for a home in Crofton, MD, you have a wide variety of homes to choose from in many price ranges. Whether you're a first time home buyer, or a move up buyer, Crofton, MD should be one of your search destinations.

If you're not already working with a Realtor, I can help you find the perfect Crofton home.

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

Crofton MD Foreclosures by Category

Crofton MD Bank Owned Properties For Sale

If you're interested in seeing a Crofton MD foreclosure, I can help.

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

Crofton MD Market Statistics - January 2010

As you can see in every sales category, Crofton MD did extremely well comparing January, 2010 to January, 2009.

Sales volume and units sold increased 205% and 160% respectively. The base is low, making it difficult to determine an accurate market assessment based on units alone. While the increase year over year was significant, Crofton typically sells around 20 homes per month, on average. Winter months are always difficult to project because of severe weather fluctuations and relatively low number of sales.

Several other indicators can help to see what's going on in the Crofton, MD real estate market. The average days on market decreased -47% year over year. On average, in January 2010, Crofton homes for sale were taking about three months. Not bad and an indicator that the market is beginning to trend towards sellers. The average list price for homes sold also increased a respectable +13%. This was unexpected since there is still a good deal of first time home buyer activity in the market now.

Another significant data point is the Average Sale Price as a % of Average List Price. Higher percentages favor sellers. As you can see there was a significant increase in this indicator year over year. Crofton, MD bargain basement shopping is slipping away, if it was ever really here.

Nobody is going to dispute that the Crofton MD real estate statistics for January, 2010 were fantastic. Sustainable, is another story. Most agents I talk to do see the Crofton MD market getting better, but not to the degree that we saw last month.

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

Crofton MD Real Estate - Status for Week Ending 02/06/10

The current inventory for Crofton, MD homes is 128. 19 of these are rentals and 109 are homes for sale.

As you can see from the chart below, ten new listings came on the market in Crofton MD last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. Six of the new listings were priced below $250,000, a nice price range for first time home buyers for Crofton, MD. The largest of the new listings was a 3 br, 2.5 bath house in the Crofton Highlands section listed for $550,000.

Three new rental listings came on the market and one had applications registered. Six homes completed the rental process and were marked Rented. The current rental market is very robust and competitive in Crofton, MD.

Four properties moved into a form of Contract status. Three properties moved into full contract status. This is a future indicator of settlements to come in the near future.

Four Crofton MD homes were marked SOLD and went to settlement.

If you're looking to purchase or sell a home in Crofton, MD or the surrounding area, I can help.

The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:

• ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
• CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
• CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
• APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
• CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
• SOLD: - Indicates that the property is sold and settled.
• RENTED: - Indicates that the property has been rented.
• TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
• EXPIRED: - Indicates that the listing agreement has expired.
• WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.

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

Crofton MD Real Estate - Status Week Ending 01/30/10

As you can see from the chart below, twelve new listings came on the market in Crofton MD last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. Four of the new listings were priced below $250,000, a nice price range for first time home buyers for Crofton, MD. The largest of the new listings was a 5 br, 3.5 bath house in the Walden section listed for $569,900.

Six new rental listings came on the market and three had applications registered. Six homes completed the rental process and were marked Rented. The current rental market is very robust in Crofton, MD.

Five properties moved into some sort of Contract status. This is a future indicator of settlements to come in the near future.

Five Crofton MD homes were marked SOLD and went to settlement.
If you're looking to purchase or sell a home in Crofton, MD or the surrounding area, I can help.

The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:

• ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
• CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
• CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
• APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
• CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
• SOLD: - Indicates that the property is sold and settled.
• RENTED: - Indicates that the property has been rented.
• TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
• EXPIRED: - Indicates that the listing agreement has expired.
• WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.

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

Crofton MD Real Estate - Status Week Ending 01/23/10

As you can see from the chart below, ten new listings came on the market in Crofton MD last week. These were a good combination of offerings for anyone from first time home buyers to move up purchasers. Two of the new listings were priced below $200,000, which is pretty rare for Crofton, MD. The largest of the new listings was a 4 br, 3.5 bath house in the Walden section listed for $575,000.

Five new rental listings came on the market and five had applications registered. Right now, the rental market is very robust in Crofton, MD.

Seven properties moved into some sort of Contract status. This is a future indicator of settlements to come in the near future.

If you're looking to purchase or sell a home in Crofton, MD or the surrounding area, I can help.

The local Multiple Listing Service (MRIS) uses the following status types to indicate a property's availability:

• ACTIVE: Indicates that the property is available with no contingencies, contract or application registered against it.
• CNTG/KO: (Contingent with Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency that includes a kick out clause.
• CNTG/NO KO: (Contingent with No Kick Out) - Indicates that the property is available but has a contract with at least one pending contingency and the pending contingencies do not contain kick out clauses.
• APP REG: (Application Registered) - Indicates that the property is available but a rental application has been registered on it.
• CONTRACT: - Indicates that the property has a ratified contract with no pending contingencies. If the only remaining contingency is financing the status should be contract.
• SOLD: - Indicates that the property is sold and settled.
• RENTED: - Indicates that the property has been rented.
• TEMPORARY OFF: - Indicates that the property is not available for showing. This status is for short term use and must have seller approval.
• EXPIRED: - Indicates that the listing agreement has expired.
• WITHDRAWN: - Indicates that the listing agreement has been terminated prior to its original date.

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