Realty Times - Columbia, Maryland Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Maryland > Columbia

Market Conditions Summary for Columbia, Maryland

Reported by

Mike Honeycutt SE HABLA ESPANOL
as of 11/21/2008:

What is Columbia - a city, a town, a suburb, an edge city? It is all of those and in many ways it defies specific definition. What is clear is that it is a highly successful community. It is a 14,000-acre community located midway between Baltimore... MORE->
About Mike Honeycutt SE HABLA ESPANOL

Reported by

Patrick Mace
as of 11/19/2008:

You can buy a 4 BR; 2.5 BA town home for under $420,000. I love Columbia! Columbia is an area that yields excellent value & total satisfaction. I should know; I live here. The neighborhoods are full of life & you are never too far away from... MORE->
About Patrick Mace

Reported by

Jerry Boyer
as of 11/18/2008:

Recovery in the Real Estate industry is in the air. There's even a tax credit being offered to first time home buyers that tops out at $7,500. As is the case with the whole Baltimore/Washington corridor, we are still in a great buyer's market, but... MORE->
About Jerry Boyer

Reported by

Emcee M. Arah
as of 11/17/2008:

Columbia, Maryland is a census-designated place and the People Tree statue has become its symbol. It is also Maryland's largest unincorporated community with it's 94,600 residents. Columbia, one of the planned cities of the seventies located in the... MORE->
About Emcee M. Arah

Reported by

Emilie Christiansen
as of 11/16/2008:

Market is slow more but nice homes are still selling. Many sellers are lowering their asking price and pay thousands of dollars towards purchaser's closing cost. No more multiple contracts or escalation clauses. The interest rate is pretty low so... MORE->
About Emilie Christiansen

Reported by

George D Belleville
as of 11/12/2008:

As one of America's Best Places to Live 2006, Columbia / Ellicott City - (#4 -Money Magazine), Howard County has seen the benefit of rising prices over the past few years, followed by a price correction over the last few months. The Columbia... MORE->
About George D Belleville

Reported by

Rhonda Mortensen
as of 10/17/2008:

Built in the 1960s, the goal of Columbia was to do away with uncontrolled sprawl and the inconveniences of subdivision designs. Even more important, Columbia was built on the belief that a community could "foster a true coming together for all of... MORE->
About Rhonda Mortensen

Reported by

Louise SchultzSalesperson
as of 9/20/2008:

Home prices decline: Buyers spooked. Sellers worried. The lack of buyer confidence to enter the market has been the one principal reason in holding back home sales thus the large amount of inventory. Many sellers are withdrawing from the market... MORE->
About Louise SchultzSalesperson

Reported by

Coni Otto
as of 8/17/2008:

A popular planned community founded in 1967, Columbia real estate is composed of nine villages and is home to more than 100,000 residents. In addition to schools, neighborhoods, and parks, each village has its own shopping center. The non-profit... MORE->
About Coni Otto

Reported by

Claire Hodgkin
as of 8/11/2008:

In Howard County, there were 120 less home sales in July, 2008 than in July, 2007.The median price of homes sold in the county has decreased $7,400 from July a year ago. The average sold price in July was $445,928. The average days on market was... MORE->
About Claire Hodgkin

Average Current Market Rating: 1.5 (10 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2 (10 ratings)

1	2	3	4	5
Falling			Rising

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Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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