Recovery in the Real Estate industry is in the air. The $8,000 tax credit for first time buyers has had a definite affect on the sale of properties under $400,000. Unfortunately it is coming to an end in November. As is the case with the whole Baltimore/Washington corridor, we are still in a great buyer's market, but prices seem to have bottomed out. The inventory of homes available for buyers is still high. This is particularly true for upper end homes. Interest rates are still hovering around 5.5%.
Recently, Money Magazine rated Columbia/Ellicott City as the 4th best place to live in America. They used a variety of factors to reach their conclusions which included, top rated schools, recreational facilities, and family friendly government
Any property under $400,000, that is close to market value, and in reasonably decent shape, is selling in one to two months on average. Buyers are asking for reductions in sales prices, and closing cost help. It is still a good idea for buyers to have approved financing in hand.
While the community offers a wide variety of types and prices of homes, the realistic starting price is about $250,000, and prices continue to above $800,000.
ZIP Codes: 21044, 21045, 21046, 21029 Approximate Location Boundaries: North-Rte 100, South-Rte 32, East- Rte 95, West- Rte 108
Location Characteristics: A planned community with 10 Villages, each with 3 Neighborhoods, There are 3 Reservoir/Lake/Parks, 90 connected miles of hiking and biking trails, and countless tot lots.
About Jerry Boyer:
I've been Listing and selling residential real estate for 25 years. In that time I have learned that my clients needs and desires are all that matters, and I do my best to help them in every way I can. My experience and attention to all the details help to make a smooth transaction.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
