Housing Trends in Southern Maryland Counties, April 2016

Thinking of Buying, Selling or Investing in Real Estate in Southern Maryland (Calvert, St. Mary’s and Charles Counties), Southern Anne Arundel or Central Prince Georges?  Call me 410-474-9818 or email me:  info@TammyVitale.com – let’s chat over coffee and plot the road to your dreams!  Browse here

The housing statistics below are taken from Maryland Association of Realtors’ (MAR) website.

chart of Real Estate Stats, April 2016 from Maryland Asociation of Realtors. Anne Arundel, Calvert, Charles, Prince George's and St. Mary's Counties underlined
Real Estate Stats, April 2016 from Maryland Asociation of Realtors. Anne Arundel, Calvert, Charles, Prince George’s and St. Mary’s Counties underlined
chart of Real Estate Stats, April 2016 from Maryland Asociation of Realtors. Anne Arundel, Calvert, Charles, Prince George's and St. Mary's Counties, MD, underlined
chart of Real Estate Stats, April 2016 from Maryland Asociation of Realtors. Anne Arundel, Calvert, Charles, Prince George’s and St. Mary’s Counties, MD, underlined

For those of you who like the nitty-gritty stuff, have a look at this chapter on the basic economics of real estate demand from Harvard.

If you don’t like the heavy stuff with graphs and maps, try this from SmartGrowthSeattle.com:

When price goes up the financial incentives to develop housing go up too. More people want the product, the price is higher, and new producers want to get a piece of that business. Vacancy rates drop, prices go up, more suppliers enter the market, competition ensues, prices fall, suppliers hold back, prices go up, repeat. That’s how the cycle works, at least for people who put real money into housing.

Apply that to MAR’s stats above and you will see that of Anne Arundel, Calvert, Charles, Prince George’s and St. Mary’s Counties in MD, only Prince George’s housing supply has increased (by .1) over 2015.  But their supply is already so low, I would suggest that the increase does little to lower prices.

The decreases in housing supply would indicate an uptick in housing prices in these counties.  And that’s what you see in all but Anne Arundel, whose prices were already higher than the surrounding counties.

Learning to read statistics like these can help you as you plot your personal and investment real estate plans.

I’m always happy to share my passion and know how to support your dreams!  (contact info:  410-474-9818, info@TammyVitale.com).

Do you have real estate questions?   Leave them here in the comments and I’ll answer them in the comments as well as sending you an email.

 

More Than Just A Real Estate Agent

Thinking of Buying, Selling or Investing in Real Estate in Southern Maryland (Calvert, St. Mary’s and Charles Counties), Southern Anne Arundel or Central Prince Georges?  Call me 410-474-9818 or email me:  info@TammyVitale.com – let’s chat over coffee and plot the road to your dreams!  Browse here
Tammy Vitale: Matchmaker Extraordinaire! "Let me put my passion and know-how in the service of *your* dreams!
Tammy Vitale: Matchmaker Extraordinaire! “Let me put my passion and know-how in the service of *your* dreams!

Featured image of Spring Cove in Lusby by Katie Mowbrey

Do You Understand First Time Home Buyer Language?

Do you understand first-time home buyer language?
Do you understand the language of home loans?
Thinking of Buying, Selling or Investing in Real Estate in Southern Maryland (Calvert, St. Mary’s and Charles Counties), Southern Anne Arundel or Central Prince Georges?  Call me 410-474-9818 or email me:  info@TammyVitale.com – let’s chat over coffee and plot the road to your dreams!  Browse here

A Good Broker Makes a Good Agent

Ad published in a local paper by Jennifer Anderson, Broker, EXIT By The Bay - she helps her agents succeed!
Ad published in a local paper by Jennifer Anderson, Broker, EXIT By The Bay – she helps her agents succeed!

“Every new agent has different goals and aspirations. Those goals will determine what type of broker will work best for them. A real estate agent who only wants to use their license for their own investments may want to work with a broker that offers no services or training and leaves the agent with the highest commission split. Some brokers only charge a small transaction fee on each closing, which leaves the investor agent with the most money. However these brokers offer almost no support and it will be up to the real estate agent to create all of their own business and train to themselves.” [investfourmore.com]

I very much appreciate the help and support the my broker, Jen Anderson, and my office manager, Mary Eldridge have given and continue to give me.  Their guidance, training, one-on-ones and calm response to newbie anxiety helped me reach my goals for my first year.   Thanks Jen and Mary!

Professional Photograph for my Charles County List by Beth Graeme of Graembo Creative.

Thinking of Buying, Selling or Investing in Real Estate in Southern Maryland (Calvert, St. Mary’s and Charles Counties), Southern Anne Arundel or Central Prince Georges?  Call me 410-474-9818 or email me:  info@TammyVitale.com – let’s chat over coffee and plot the road to your dreams!  Browse here

Meet Tammy Vitale, Your Southern Maryland Realtor for Buying, Selling, and Investing

Artist Adds Real Estate to Her Palette

It’s always good to know who you are working with – here’s a recent interview by Viki-Volk Russell of the Lexington Park Leader news.

You might also enjoy reading this post from EXIT By the Bay, my Broker’s website, which starts off:

EXIT By the Bay Realty would like to introduce a new agent to the company, Tammy Vitale. Although Tammy is new to EXIT By the Bay Realty, she is not new to the real estate market. She loves to work with buyers and sellers, but her passion is buy-and-hold investment houses. She works all of Southern Maryland and just south of Central Prince George’s County in the Largo area where she owns a rental townhome. Her favorite locations to work include Huntingtown, North and Chesapeake Beaches, and California/Hollywood in St Mary’s.”

Thinking of Buying, Selling or Investing in Real Estate in Southern Maryland (Calvert, St. Mary’s and Charles Counties), Southern Anne Arundel or Central Prince Georges?  Call me 410-474-9818 or email me:  info@TammyVitale.com – let’s chat over coffee and plot the road to your dreams!  Browse here.