Bowie, Crofton, Crownsville, Davidsonville, Gambrills and Odenton, Maryland real estate sales don't always match what you see in the media.
"REAL ESTATE SALES DOWN 27%" read the headlines and led the TV news reports earlier this week.
Was anyone surprised that closings in July were down, since home buyers were bribed into closing in June with an $8,000 tax credit? Anyone who planned to buy a home this summer (maybe even this year) had big incentive to advance their timetable and buy a home in time to close before June 30. OF COURSE, home sales were down in July - at least on a global level!
Frankly, I'm surprised the drop in sales wasn't even greater. But 27% was the percentage for home closings nationwide and we've all heard repeatedly that "real estate is local"...
Let's look at units sold in the greater Crofton area during July 2010, keeping in mind that real estate sales were down 27% nationally:
Bowie (20715): 25
Down 8.7% from July 2009; Down 24% from June 2010
Crofton (21114): 25
Down 24% from July 2009; Down 17% from June 2010
Crownsville (21032): 10
Up 25% from July 2009; Down 86% from June 2010
Davidsonville (21035): 1
Down 83.3% from July 2009; Down 75% from June 2010
Gambrills (21054): 13
Up 333% from July 2009; Nearly doubled from 7 in June 2010
Odenton (21114): 32
Up 23% from Juy 2009; Down only 6% from June 2010
SOURCE: MRIS. All information is deemed reliable, but not guaranteed.
As you can see, there are huge differences even between adjacent zipcodes. This chart confirms once again that "all real estate is local." Those national statistics released by NAR and sensationalized by the media really have little, if anything, to do with real estate in our own local communities.
If you want to know what's happening in local real estate - i.e., Bowie, Crofton, Crownsville, Davidsonville, Gambrills, or Odenton - give me a call or click on the link below. I'll be glad to localize the numbers even more - to your own immediate neighborhood.
Copyright 2006-12. All rights reserved.
DISCLAIMER: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice.
________________________________________________________________________________________
Margaret Woda, REALTOR and Associate Broker
Direct: (301)346-2923 or click on EMAIL
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Long & Foster Real Estate, Inc., 2191 Defense Hwy., Crofton, MD 21114 (410) 721-1500
Each spring since 1998 Annapolis has burst into bloom with beautiful hanging flower baskets and overflowing flower pots. This urban beautification project was the brainchild of local and downtown business owners including Don Riddle of Homestead Gardens and Steve Samaras of Zachary Jewelers. Over the years it has expanded to include Maryland Ave, West Street and over into Eastport along the Spa Creek Bridge. These beautiful hanging baskets have made Annapolis a role model for other cities and municipalities across the nation. And it's safe to say that these flowers have had a huge part in the City of Annapolis being selected by Forbes Travel Magazine as one of America's prettiest towns for 2 years in a row.
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