Anne Arundel County, MD Real Estate News

By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Why Renting Might Not Be Your Best Option In 2023If you’re in the Greater Fort Meade MD area and are due for a lease renewal this year, now might be a good time to touch base with The Roskelly Team to see how the numbers look for your personal situation.  We’ve got great local lenders that can review your financial information and give you all the information you need to compare the cost of renting versus buying to see which makes the most sense for you.Rental affordability is a big issue in our area and while rental prices increase, there is no benefit to your long-term plan to pay someone else’s mortgage when you could be gaining equity in your very own home.There are other advantages as well including being able to accommodate your pets, the pride of home ownership and choosing you e...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Welcome to Piney Orchard!Why Do People Live here?Piney Orchard is a neighborhood in the city of Odenton in Anne Arundel County Maryland.  It is best known for its unparalleled community amenities which include extensive walking trails, several community pools, tennis courts, playgrounds and so much more.   If you’re considering a move to Piney Orchard, you will find a wide variety of home choices including condos, townhomes, age qualified condos and expansive villas, and single-family homes.  The community is conveniently located less than 10 minutes to the Odenton MARC station, 10 minutes to Fort Meade and NSA, and a pretty equal commute of about 45 minutes to either Washington DC or Baltimore.  This self-contained community includes the Piney Orchard Marketplace shopping center with a...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
What does it mean to be in a Sellers Market?The Anne Arundel County real estate market saw a very brief cooling from June 2022 - until February of this year.  Much of that cooling was the homebuyer's reaction to a return to normal, pre-pandemic market interest rates.  But low inventory played a part in that as well as there just weren't enough homes for the buyers shopping.  That one-two combination slowed sales by up to 40% in our area.   Throughout the past three years we have been in, and remain in a strong seller's market.  That doesn't mean that as a seller you can charge whatever you want for your house or be dictatorial about contract terms.  It means that well priced and prepared homes for sale will likely receive multiple, full price or higher offers within a week.  Our average...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Here's a round up of Anne Arundel County real estate for the month of February 2023.  Active listings are about half of the 5 years average and new pending sales are down about the same amount.  Closed sales remain on track with the 5 year average as available inventory is being gobbled up by buyer's who have adjusted to the interest rate increases that put us more in line with a "normal" market.The key takeaway here is that, with real estate inventory at less than a 1 month's supply, sellers are still strongly in command of the market.  That being said, we are seeing some seller closing costs allowances and a bit more flexible terms based on the perceived downturn in the market.        Here's a good comparison of the last twelve months.  And here's a great summary of the overall market...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
You hear a lot about down payments when you're buying a home (unless you're using a VA loan), but nobody seems to talk about closing costs which are a component of the home purchase process in Anne Arundel County and the Fort Meade MD real estate market.Before you start looking at homes you'll want to know what closing costs are, how much they are for your home purchase price range and who pays them.  What Are Closing Costs?Closing costs are expenses and fees related to the purchase and settlement of your home loan.  They are payments for the professionals handling the settlement of your real estate loan including , your appraiser and surveyor, lender fees, attorney fees, title insurance which is optional but recommended as it protects your investment with insurance against any claims t...
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By Andrea Bedard, Fluent in Real Estate & German, M.A. ABR ASP CIPS
(Thompson Company, REALTORS® 240.593.2860)
The hunt for the right home is always one that I enjoy immensely. Creating a wish list and editing it as we move along, zeroing in on the one with every home tour. No matter how long it takes, it is always pretty obvious to me when we've found it. The excitement is not only palpable, it's contagious. Just SOLD in Crofton! This darling townhome in Crofton Village has extremely happy new owners. My buyers just received the keys this week . They knew even before we walked into the front door that this is the house they'd like to come home to for many years to come. It's turn-key with a big kitchen,  fabulously updated baths, hardwood floors throughout, and a new roof to boot. Plus it's just a hop, skip and jump to Nantucket Elementary School - they would be able to walk their kids to schoo...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
The Odenton real estate market remains one of the strongest in Anne Arundel County and the general Fort Meade MD area.  With highly desirable neighborhoods like Seven Oaks and Piney Orchard that offer top notch amenities and easy commutability to the Odenton MARC station, NSA, and Fort Meade it's no wonder. In addition to giving you the latest real estate sales stats for Odenton, we're going to take a look back at 2022 to give you a feel for where the market has been, and where it looks to be going.First, let's see how we did in January.  Days on market is up, but falsely inflated by some overpriced and underprepared listings that are just not selling in today's more competitive market.  The sold dollar volume is down but that is absolutely lack of inventory which is down over 40%, not ...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
This blog is the first in our series of cities near Fort Meade, MD and the National Security Agency where we will explore some of the best places to live within a 30 minute commute to Fort Meade.  We've chosen this commuting range as it is the most frequently requested by our clients.We're starting out with Odenton Maryland population 43,000 which is located in Anne Arundel county and borders Fort Meade to the Southeast.Odenton, MD is a top destination request for Fort Meade homebuyers and renters due to the convenient 5 - 20 minute commute time to the base, the wide variety of housing options (including condominiums, townhomes and single family homes priced from around $250,000 - over $1,000,000), nearby shopping, top rated schools, quick access to the Odenton MARC station & BWI, fanta...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Anne Arundel County homeowners, your home values are holding strong and outperforming the national market.  Curious about your home or neighborhood?  Contact The Roskelly Team for a free, no-obligation market value analysis for your home in Odenton, Severn, Crofton, Gambrills or surrounding areas.  You do not need to be selling to request a report! Infographic courtesy of Keeping Current Matters Let's look at some key information that pertains to your home! If you’re thinking about selling your house in Anne Arundel County MD, recent headlines about home prices falling may have you questioning your decision.  After all so much has changed in the local real estate market, but what you are comparing to makes a difference. While home prices are down slightly month-over-month in some marke...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Is 2023 the year you plan to sell your Anne Arundel County home? If so, you'll be happy to know that values are holding pretty steady and even if you bought at the peak of the market, values have not dropped by much.  If you purchased your home prior to 2021, chances are you have substantial equity to use, invest or upgrade your home.  The chart below shows home prices for the past 5 years.  If you're interested in finding out just what your home is worth in today's market, The Roskelly Team would love to help.  You don't have to be in the market to sell to request a valuation.  Just visit us online for a one time market value analysis, or sign in to our home equity tool that will keep you updated monthly with values and show you an up-to-the-minute summary of where you stand with your ...
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By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
       I love Seafood ! I will drive miles to get fresh Sea Food . One of my favorites is Crab . In 12th grade, oneof my best friends ( who grew up in Baltimore) taughtme how to take apart and what to eat with a Hard Shell Blue Crab . He also insisted to stick with male crabs .       So what is my problem with Crab Cakes ? Many Restaurants I go to say Crab Cakes are our specialty.”We are known for our Crab Cakes “ . In both cases I’m stoked ( with anticipation) . And while I always enjoy Crab , I’m usually disappointed.       Why you say ? You see I’ve been to LinthicumHeights ,MD 21090 ! I have experienced 9oz. Crab Cakes with No Filler ! But I still have a problem ! You see there are TWO Restaurants in walking distance that serve these amazing Crab Cakes - G & M and Olive Grove .The R...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Avoid the Rental Trap in 2023 If you’re transferring to Fort Meade on military or government orders and don't care to live on base, you will face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current renters and new renters have seen their rent go up, a lot! “Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to renters who have recently moved. Nearly two-thirds of renters (63.2%) who have lived in their current rental between 12 and 24 months, and likely renewed their lease...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
We've long told you that our little pocket of real estate here in the Fort Meade / Odenton area is somewhat immune to the normal highs and lows of the national real estate market.  Fort Meade and it's military & government employees, and government contractors ensure us a steady base of homebuyers and sellers pretty much year round.  We don't expect 2023 to be any different.  In fact we're already seeing the market pick up and just had multiple offers on our first listing of the year.Choosing the right team with the right marketing plan certainly helps that as well.For 2023 we do predict slow and steady growth after a few months of unprecedented low sales.  Interest rates had everyone spooked but word is really getting out that the artificially low interest rates we had as a result of C...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
Avoid the Rental Trap in 2023 If you’re transferring to Fort Meade on military or government orders and don't care to live on base, you will face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current renters and new renters have seen their rent go up, a lot! “Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to renters who have recently moved. Nearly two-thirds of renters (63.2%) who have lived in their current rental between 12 and 24 months, and likely renewed their lease...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
The 2023 BAH rates just came out for Fort Meade MD a few weeks ago and we thought you might like to see how they compare to home prices in the area.  Using your BAH, how much home can you afford to purchase and what features will that home likely have?2023 BAH Rates for Fort Meade, MD range from $2,499 to $3,700 with dependents.  Without dependents, the enlisted BAH rates range from $2,040 to $3,129.We'd like to give you some examples of what your BAH will get you if you are planning on buying a home near Fort Meade. We've used properties within 30 minutes in some of our most requested areas as examples here.  If you're willing to commute a bit more than 30 minutes you'll have more options!Starting with the lowest housing allowance, and at the time of this post, there are just 7 availab...
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By Jessica Hood, REALTOR®, The Roskelly Team - Fort Meade Area Real Estate
(The Roskelly Team)
2023 BAH Rates have been released for Fort Meade, MD and they range from $2,499 to $3,700 for rates with dependents.  Without dependents, the enlisted BAH rates range from $2,040 to $3,129.We'd like to give you some examples of what your BAH will afford you for a rental home in the area. Check out this blog for information on homes for sale near Fort Meade and how they compare to BAH rates. We've used properties within 30 minutes of the base as examples here.  Starting with the lowest housing allowance, and at the time of this post, there are 22 available homes for rent near Fort Meade in the $2,300 - $2,500 price range including one condo, many townhomes, a couple of single family homes.Jumping up to the median enlisted BAH rates, there are currently 26 homes for rent near Fort Meade i...
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
New Puppy?Many families will have added a new four-legged puppy to their families over the Christmas holiday.  Now, to help get that puppy adjusted and trained.  When we adopted our Sadie one of the requirements of the rescue we adopted her from was to enroll her in obedience training.  So, to the internet, I went.  In the end one of my colleagues suggested Petsmart.  Our closest Petsmart in Catonsville did not have a trainer and the class that worked best with my schedule was the Petsmart at Arundel Mills. The trainer, Marcie, was amazing.  She was knowledgeable and patient.  The class size was small.  We enrolled Sadie in beginner training since she was 6 years old and not a puppy and we continued her into Intermediate training.  We will enroll her in advanced training in the new year...
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
Annapolis Quilt Guild 2022 Quilt ShowWhen:  June 11th, 10 am - 5 pm               June 12th, 11 am - 4 pmAdmission:  $10 for one day or $15 for both, children under 12 are freeNew members who join the guild on Saturday or Sunday can get in for free.Broadneck Senior High School - 1265 Green Holly Dr, Arnold, MD 21012More than 200 quilts will be on display, free demos on both days, Country Store, many amazing vendors, raffles, silent auction, quilt appraisals for a fee, and much more.     
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
Too Late - 500 French Point Ct, Millersville, MD 21108It's too late for you to purchase this home in the Shipley's Retreat neighborhood of Millersville.  This home featured 4 spacious bedrooms and 3 full and 1 half baths.  There was room for expansion in the unfinished basement.  The home sold for very close to the listed price and this lucky homeowner saved over $18,000 on the sale of their home.  Are you thinking about selling?  Are you curious to know what your home could potentially sell for in this fast-paced market?  You'll want an experienced agent to handle your sale, one that is an expert negotiator and knows how to get you the best price possible for your home.   Reach out to me today for a no-obligation consultation. 
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By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
Just Sold - 497 Derby Ct, Severna Park, MD 21146It's too late for you to purchase this great home in the popular Chartridge neighborhood of Severna Park.  Severna Park is home to some of the best schools in Maryland and is located within an easy commute of Annapolis, Washington DC, and Baltimore.  This great home is the largest home in Chartridge and now it has new owners.  The seller saved over $17,000 of their equity when they sold this 4 bedroom 3.5 bathroom home using Houwzer's save when you sell model.  Are you curious as to how much you might save?  Curious as to how we can sell homes and only charge a $5,000 listing fee (plus 2.5% to the buyer's agent)?  Ask me how!!
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