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Six new homes became active during the week of 7/11 - 7/18. Prices of these homes ranged from $325,000 to $690,000. The home sale inventory in Severna Park is currently 196 active listings.

Five homes went under contract/no kickout status and contract/kickout, and five went under full contract status. This is an indicator of future settlements in Severna Park, MD.

Two applications were registered, and six homes were rented last week in Severna Park.

Five homes completed the entire sale process and settled, including two that were listed for over $1M. Congratulations to these new Severna Park, MD home owners.

No active listings expired, however two active listings were withdrawn from the Severna Park, MD market. 

If you're looking for a home to rent or buy in Severna Park, MD, or anywhere in the surrounding area, I can help.

Clicking any icon on the map below will display all homes for sale or rent in Severna Park, MD.

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 Severna Park, MD real estate market had some significant increases but wasn't running on all cylinders when comparing March 2010 to the same period in 2009.

Total units sold in 2010 were 16, compared to 8 in March of 2009. A very decent increase of 100%. In previous months, Severna Park, MD, has been lagging behind other communities in the area slightly during the previous months.

Sales dollar volume in Severna Park, MD for March 2010 were $8,059,227, an increase of 116% from 2009. The average sold price jumped to $503,702, an 8.48% increase from the same period last year.

In March of 2010, an Severna Park, MD home for sale could expect to be on the market for 139 days, on average. This is one indicator that is going in the wrong direction. Last year in March, a home for sale in Severna Park, MD too about 64 days, on average, to sell.

Pricing seems to have been an issue in Severna Park, MD during March of 2010. One of the factors that we look at is the Average Sale as a Percentage of List Price ratio. For Severna Park, MD, this figure was 84.93% in March, 2010. This is 8 - 10% lower than surrounding communities. Of course, the average sale price for homes in Severna Park, MD is significantly higher than most other communities in Anne Arundel County.

There are currently 193 Active homes for sale in Severna Park, MD, in all price ranges, and I can show you any of them

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

Severna Park MD Real Estate 21146 - Status for Week Ending 04/03/10

The current Active MLS inventory for Severna Park, MD homes is 180. An increase of 2 over last week. 5 of these are rentals and 175 are homes for sale.

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As you can see from the chart below, eleven new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 3 br, 1 bath listed for $299,900. The largest of the new listings was a 5 br, 4.5 bath house in the Cattail Creek Estates section listed for $1,629,900.

There were no new rental listings that came on the market this past week in Severna Park, MD.

Nine properties moved into or changed a form of Contract status. Six of these properties moved into full contract status. This is a future indicator of settlements to come in the near future.

Three new home buyers completed the entire purchase process and went to settlement last week in Severna Park, MD.

If you're looking to purchase or sell a home in Severna Park, 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
Severna Park MD Real Estate Specialist

Severna Park MD Real Estate 21146 - Status for Week Ending 03/27/10

The current Active MLS inventory for Severna Park, MD homes is 178. 6 of these are rentals and 172 are homes for sale.

As you can see from the chart below, fifteen new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 3 br, 2 bath listed for $279,900. The largest of the new listings was a 4 br, 2.5 bath house in the Lower Magothy Beach section listed for $1,179,000.

Three new rental listings came on the market this past week. A bit of an explanation on this though. One house is actually listed three times, once for the basement, once for the main house, and once for both.

Twelve properties moved into or changed a form of Contract status. Eight of these properties moved into full contract status. This is a future indicator of settlements to come in the near future.

Two new home buyers completed the entire purchase process and went to settlement last week in Severna Park, MD.

If you're looking to purchase or sell a home in Severna Park, 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
Severna Park MD Real Estate Specialist

Severna Park MD Real Estate 21146 - Status for Week Ending 03/20/10

The current inventory for Severna Park, MD homes is 164. 5 of these are rentals and 159 are homes for sale.

As you can see from the chart below, sixteen new listings came on the market in Severna Park MD last week. None of the new listings seemed to be in the range for first time home buyers.  The least expensive listing was 4 br, 3.5 bath listed for $325,000. The largest of the new listings was a 2 br, 3 bath house in the Magothy Beach section listed for $769,900.

One new rental listing came on the market this past week.

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

Eight homes completed the purchase process and went to settlement last week in Severna Park, MD.

If you're looking to purchase or sell a home in Severna Park, 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
Severna Park MD Real Estate Specialist

Severna Park MD Market Statistics - February 2010

As you can see, in most real estate sales categories, Severna Park MD did not do well comparing February, 2010 to February, 2009.

Sales volume and units sold decreased -35% and -28% 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, Severna Park 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. February of 2010 had two major snow storms which affected real estate in the entire county.

Several other indicators can help to see what's going on in the Severna Park, MD real estate market. The average days on market decreased -36% year over year. On average, in February 2010, Severna Park MD homes for sale were taking about three months. This is a significant indicator and shows the market giving the advantage to the seller. The average list price for homes sold also decreased by -18%.

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 large increase in this indicator year over year. Severna Park, MD has never been a bargain basement home sale market.

Average sold and median prices showed significant decreases. This could be reflective of lower priced homes being placed on the market and sold, since the average list price was down over $100K from last year.

As the year progresses, Severna Park, MD should beging to show normal and sustainable increases year over year.

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
Severna Park MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

Severna Park, MD 21146 Housing Inventory

If you're searching for a home in Severna Park, MD, you have a wide variety of homes to choose from in many upper price ranges. Severna Park, MD is one of the choice destination communities in Anne Arundel County, Maryland.

Severna Park, MD has a number of excellent homes to choose from if you're relocating into the area as a result of the Base Realignment and Closing initiative, BRAC.

If you're not already working with a Realtor, I can help you find the perfect Severna Park 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
Severna Park MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

Severna Park MD Foreclosures

Severna Park MD Bank Owned Properties - 02/21/10

If you're interested in seeing a Severn 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

Severna Park MD Market Statistics - January 2010

As you can see, in most real estate sales categories, Severna Park MD did extremely well comparing January, 2010 to January, 2009.

Sales volume and units sold increased 135% and 171% 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, Severna Park 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 Severna Park, MD real estate market. The average days on market decreased -16% year over year. On average, in January 2010, Severna Park MD homes for sale were taking about six months. Not great but the decreasing indicator shows that the market is beginning to trend towards sellers. The average list price for homes sold also decreased slightly at -13%.

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 slight increase in this indicator year over year. Severna Park, MD has never been a bargain basement home sale market.

Average sold and median prices showed significant decreases. This could be reflective of lower priced homes being sold since the average list price was down over $100K from last year.

Nobody is going to dispute that the Severna Park MD real estate statistics for January, 2010 were fantastic. Sustainable, is another story. As the year progresses, Severna Park, MD should beging to show normal and sustainable increases year over year.

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

Severna Park MD Real Estate - Status for Week Ending 01/30/10

Severna Park, MD added eight new active listings to the current inventory last week. The least expensive was a 3/2 rancher in the Riverdale Forest section. The most expensive listing was a 4 bedroom, 3 bath Cape Cod waterfront on an acre of land. Oh yeah, the price for this one, if you're interested, is $1,400,000.

Severna Park, MD is not a big rental market but a new rental listing in McKinsey Park came active.

4  properties moved or changed status into some sort of Contract status, while 7 sold and went to settlement. Same as last week. The contract status changes tends to be a future indicator of settlements to come in the near future.

If you're looking to purchase or sell a home in Severna Park, 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