Real Estate Sales in Davidsonville, Maryland - November 2011

By
Real Estate Agent with Long & Foster Real Estate, Inc., Crofton, MD 21114

Davidsonville is a stable community with many neighborhoods of large, custom and expensive homes.  There is little turnover and it's rare that we see more than 10 sold listings in a month, even in the best of markets.  The number of sold listings recently, however, has been five or fewer - with no sold listings at all in August.

With so few sales, one home at the high or low end of the price range can dramatically impact the monthly statistics up or down.  That's why I prefer to consider several months.

 

Davidsonville Maryland Real Estate

 

Five of the past six months, new listings have outnumbered sold listings.  Until these numbers are more closely aligned over a period of several months, it will remain a buyer's market.  Supply and demand... that's what it's all about!

In November, there were four home sales and thirty three listings - at this rate, it would take eight months for today's inventory of homes to sell IF no other homes came on or went off the market.

Sellers:  Every showing is important, so try to avoid saying "no" when a prospective buyer wants to see your home.  Keep your home show-ready at all times, because you may receive short notice for an appointment.  If you receive a written offer, take it seriously because a written offer is the first step in home sale negotiations.  It's likely the final sale price will end up somewhere in the middle between your list price and a prospective buyer's first offer, and other considerations will impact the desirability of the offer:  Are the buyers well qualified?  Is their offer contingent on the sale of another property?

If your home isn't being shown, you probably need to lower the price to attract prospective buyers.  If your home is being shown but it hasn't sold, you probably need to lower the price.  Unfortunately, it will probably be several years before we see consistently higher prices in real estate.  It takes a buyer to have a sale, and today's buyers have many options in Davidsonville and other nearby areas.

Buyers:  If you've been wanting to move up to a larger, more expensive home in Davidsonville, this may be your chance.  Let me help you figure out whether you can make this leap without selling your current home - rentals are in high demand, and renting your current home instead of selling may be an option for you.

And don't be afraid to make an offer.   This is a buyer's market, and most sellers expect a low offer.  A serious seller will make a counter-offer somewhere between your price and theirs; hopefully you can come to an agreement on the home of your choice.  If not, there's a huge inventory of other homes available for sale.  One of them will be just right for you.

Click on Homes for Sale Davidsonville to view a curent list of homes on the market in the 21035 zip code, including my listing at 2007 Gresham Lane in the Wynnewood Subdivision.

Posted by

Margaret Woda, Long & Foster Real Estate, Inc.
Military Residential Specialist (MilRES®)
(410) 451-6245    mwoda@mris.com

Margaret Woda

 

Search for homes and explore the pages of MargaretWoda.com at your own pace and convenience. You'll find information about homes, communities, military relocation, and the home buying or selling process throughout the greater Crofton area. It will be a privilege to help you, and disappointing you is simply not an option!

 

Information contained in this blog post is reliable on the date of publication, but it is subject to change without notice.

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Topic:
Real Estate Market Trends
Location:
Maryland Anne Arundel County Davidsonville
Groups:
Market Reports
Tags:
davidsonville maryland homes
wynnewood subdivision
davidsonville real estate

Comments 3 New Comment

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Rainmaker
537,806
Holly Weatherwax
Keller Williams Realty, Northern Virginia
The Momentum Group

This is great information for buyers and sellers in Davidsonville, Margaret!  I especially like the tip that they should be open and available to every potential buyer. At this time of year, only serious lookers are out there and you never want to say no to one of them!

December 12, 2011 01:02 PM
Rainmaker
951,458
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

Margaret - those red and green bars have a tale to tell to any one who is looking to sell their home in that area code ..... I wonder how many sellers listen to what they have to say.

December 12, 2011 11:35 PM
Rainer
16,375
N N

I'm not quite sure who could compare to the expertise I know you deliver for the 21035 zip code.  This post only reinforces my belief.  

It was great to finally meet you yesterday.  I shared your story with my husband that evening and he was in such shock and disbelief. It's amazing how much you can educate yourself above and beyond real estate by simply connecting.

Happy Friday-

December 16, 2011 03:30 PM
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Margaret Woda

Maryland Real Estate & Military Relocation
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