Cockeysville and Hunt Valley home sales in 2009 statistically were very stable. There were consistently over 100 houses on the market for sale in Hunt Valley. December 2009 was a slow month with only 4 houses going under contract, but other months on average 10-16 did. That same average applies for properties that settled. From [...]
Reviewing the 21204 zip code sales, contracts and listings for December of '08-December of '09, there are many interesting variations throughout the year. The good part for the owners of Towson homes in the $500,000 and higher range, is that finally these seem to be selling! 11 properties in December went under contract [...]
When the Homebuyer Tax Credit was extended to include long-time homeowners buying new houses and getting a $6,500 credit, a whole new group of questions came into play. Unfortunately for a few clients of mine (and I am sure many others out there), the answers were not what they were hoping. One person owns a [...]
Starting immediately, Montgomery County and Anne Arundel County in Maryland will be collecting transfer taxes on the UNPAID BALANCE OF THE MORTGAGE on short sale properties INSTEAD OF the sales price. Derek Massey, President of Mid-Atlantic Settlement Services, reported this information on his company's blog yesterday. This could mean a difference of a lot of [...]
Over 300 people attended the meeting at Loch Raven High School last night about where the boundaries may be drawn, and which children in Towson may be redistricted to the new West Towson Elementary School. The Towson Families United group, which is "A coalition of parents and residents seeking a long-term solution to Towson's overcrowded schools", reports [...]
As I sit here and reflect on 2009 and enjoy the beginning of 2010, I am reminded at what a new year can bring. There is always a sense of excitement -- that a new year can mean great things. What will happen in the Towson real estate market? Will it rise? Will it fall? [...]
The Baltimore County Council voted unanimously on legislation to require Baltimore County rental property owners to install carbon monoxide detectors in all units that are heated by fuel-burning units and those directly attached to enclosed parking areas. This comes on the heels of 1,355 fire department responses to carbon monoxide calls in 2008, and the [...]
My compilation of the 21093 real estate market statistics for the last six months are here! The full chart in the link includes data on sales, contract, and active homes from June 22-December 6, 2009. The full chart shows that prices and inventory have stabilized in the Lutherville and Timonium real estate market. There are 4% more houses on the [...]
A few month back, I received a phone call from Jamie Smith Hopkins of the Baltimore Sun because she knew I know Towson real estate very well, and had sold homes in Loch Raven Village and Knettishall. Jamie was putting together a series of articles called "Hidden Gems" about areas in Baltimore County and City [...]
Towson residents can gear up for easier & better recycling for all of Baltimore County. Beginning February 1, 2010, instead of splitting up paper & plastics based on the week, it will all be done at one time. We will be able to put things in a small carboard box or a 34 gallon or smaller container that [...]