In the month of November, there were 524 homes sold in Anne Arundel County.  Almost 15% of those were in Annapolis MD while Glen Burnie came in a close send with 90 sales and Pasadena had the 3rd highest sales in the county at 55.

Overall we saw a 22% decrease in new listings and closed sales decreased just under 3% as the low inventory struggle continues with the number of listings down almost 25% from our 5-year average.

Despite all the dire predictions about home values falling, the Fort Meade market held on to value with the median sold price in the county increasing almost 15% compared to last year.  That’s great news if you hung in with the crazy multiple offer situation in the past few years and grabbed your dream home. 

Bottom line, we are still in a Seller’s market but it’s not nearly as strong as we have been seeing.  If you’re thinking about buying a home, come search with us! You’ve got more negotiating power now as we’re seeing sellers, who are concerned about rising days on market, offer price reductions and/or closing help more frequently.  If you’re using a VA loan, it is now possible again to get in with only a deposit to secure your purchase. The Roskelly Team specializes in homes for sale and seller representation in Anne Arundel county.  If you're thinking of of buying or selling a home, we would love to put our 25 years of local real estate experience to work for you!

Let's check in on the Two Rivers neighborhood to see what happened with real estate sales in November.   Inventory has really increased and days on market are up pretty dramatically.  We've even seen price decreases which are not the best way to market a property.  Make sure you hire an agent that really understands the unique properties of Two Rivers AND the local real estate market to be sure your property is priced right to get you top dollar and get you sold before you have to decrease that price.  You're always going to get your best offer within two weeks of listing, usually one week if your home is priced right, prepared to impress, and properly advertised.

If you're thinking of buying or selling a home in Two Rivers, visit us online and we'll make sure your next real estate transaction is your best!  The Roskelly Team specializes in Two Rivers and we'd love to go to work for you.
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Let's check in on the Piney Orchard real estate market for November 2023.  Unlike several nearby areas, Piney Orchard did not see an inventory surge in November, mainly because properties in this popular Odenton neighborhood are still selling very quickly.  We saw a little more negotiating going on with prices and seller incentives this month which was a very nice reprieve from the multiple offer situation we've been seeing for so long.

Most properties are selling in 7 days or less, but some owners are not reading the market to know that we aren't seeing the huge price increases and that buyer demand is down.  That's a formula for failure and as you can see there are several properties that have gone over the 30 day mark on the market which is not the norm for Piney Orchard.

If you're thinking of buying a home, visit us online to view all homes for sale in Piney Orchard!

The Odenton MD real estate market was hopping in November with a large build-up in inventory making it just a little easier for buyers to strike a deal for their new home. 

Closing help from Sellers is back on the table and we're even seeing price decreases for homes that had been on the market for more than a few weeks.   If you're thinking of buying a home in Odenton, visit us online to view all homes for sale.

It's super important to price your property correctly for the market today. And that does not mean prices have gone down, but they aren't climbing as quickly and there should be an expectation that your home may be on the market for two weeks or more to find the right buyer.  Don't let that worry you. Save Market Report & Get Monthly Updates

The Roskelly Team at Berkshire Hathaway HomeServices specializes in serving the unique needs of the Piney Orchard real estate market. We've had our fingers on the pulse of this fabulous Odenton community since 1999, and our team has represented over 200 clients within the community. 

Our website, PineyOrchardHomes.com was designed to give you a one-stop-shop and connection to the Piney Orchard real estate market. 

You can view all homes for sale, homes for rent, take a look at community amenities, check out the latest market conditions, get information on selling your Piney Orchard home, or list your home for rent.

We put this information together for you!  We want to be your real estate agents and use our in-depth knowledge of the Piney Orchard market to get you the very best deal on your real estate transaction and welcome you into our real estate family.

The Roskelly Team has over 25 years of local marketing knowledge and industry experience and we would love to represent you on your next real estate transaction.  We're available 7 days a week at (410) 721-6694 or by text to (410) 507-2495.  When you hire us, you can rest assured you're in excellent hands and we'll take good care of you with a warm welcome to our real estate family. 

EHO

Are you in search of your dream home near Fort Meade MD? Look no further than the luxury townhome community of Watershed in Laurel, less than 10 minutes from the base! This neighborhood offers a winning combination of a beautiful wooded location convenient to everything Baltimore/Washington, fabulous amenities designed to encourage outdoor activities, and reputable builders with innovative floor plans. 

Distinctly different, the Watershed community is nestled in wooded preserve and features a selection of reputable builders offering homes for sale starting in the high $500k range, as well as luxury rentals.  These builders have a strong track record of crafting high-quality townhomes that stand the test of time. Builders in the community include:

Ryan Homes: Known for their energy-efficient designs and innovative floor plans, Ryan Homes offers a variety of options to suit different tastes and lifestyles.

Lennar: Lennar is committed to sustainability and offers homes equipped with cutting-edge technology and energy-efficient features.

Pulte Homes: Pulte Homes focuses on creating spaces that cater to the modern family, with a keen eye for detail and functional design.

The real stars of the show within the community are the amenities. You'll find all the amenities you'd expect from a luxury community and much more. Let's check them out!

The Refuge Clubhouse is a great place to gather, meet, enjoy yoga and workout rooms, plan a party in the upscale lounge, escape the home office with co-working space and more!

Outside the clubhouse, you've got patio and deck areas overlooking the pool.

    
Close by the pool is a bike park and pump area.  This is something I've not seen anywhere in the area.  It's a great space for the kids (big kids too) to enjoy some outside time.

It's just a short walk from the clubhouse to the village green with covered and open gathering areas, large open field, and a tot lot.

      
You'll also have multiple firepit locations to choose from.  Toast your friends and your marshmallows close to home!

Bringing Fido to the new home?  Well there's space for him too with multiple dog parks.  They thought of everything!Ready to get your nature and fitness on? There are miles of wooded walking trails for you.
As you can see, Watershed in Laurel, MD, is an exceptional community that ticks all the boxes for a perfect place to call home. With its prime location, impressive features, renowned builders, diverse home models, and fantastic amenities, it's no wonder that Watershed is a top choice for homebuyers in the Fort Meade area. If you'd like to explore purchasing a home here, we'd love to introduce you to the community and home models! Visit us online to view all homes for sale in Watershed and schedule online for a private tour, or give us a call at (410) 721-6694.  EHO

For almost 80 years, no money down VA (Veteran’s Affairs) home loans have eased the path to homeownership for millions of Veterans who otherwise might not have had the chance to build their wealth through real estate.  It’s one of the top benefits of military service in the United States and if you or someone you know served in the military, you’ll want to understand the benefits of using this loan.

Here are some important things to know about VA loans before you buy a home.

What Are The Advantages of VA Home Loans?

According to the Department of Veteran Affairs, these benefits include:

• No Down Payment: If you qualify for a VA Loan you can purchase a home with no down payment up to the maximum loan amount allowed by VA in your area.
  
  
• Reduced Closing Costs: Certain expenses, that are a normal part of the loan process, are excluded for Veterans including real estate attorney fees, real estate broker fees, real estate agent fees, loan application fees, fees to set up an escrow account, rate lock fees, and any appraisal or inspection fees beyond the initial property appraisal.
  
  
• Does Not Require Private Mortgage Insurance (PMI): Most loan programs with low down payments require that the borrower pay Private Mortgage Insurance which can be a substantial portion of your monthly mortgage payment.  With VA loans, the government is basically “guaranteeing” to make good on a portion of your loan if you default and this negates the need for PMI or a 20% downpayment.

Active duty service members and Veterans who qualify for VA loans have earned this right and it’s a wonderful way for our government to say “thank you” and honor their service with a benefit that can be life-changing.

As a real estate team operating in Anne Arundel county, staying well-versed in local regulations and zoning laws is vital to assisting our clients in making informed property decisions.  The county made significant changes to the rules and definitions of Accessory Dwelling Units (ADUs) in 2023.  But, in a nutshell, if you own a single-family home in the county, you may be eligible to expand!

What is an ADU you ask? ADUs are secondary housing units located on the same property as the primary residence.  ADUs come in many forms from the famed “she-shed”, to a home office or studio, guest suite, or a place to accommodate a family member.  It’s a fantastic way for you to expand the use and value of your property.

Anne Arundel county specifically defines an ADU as “a second dwelling unit in an owner occupied, single-family detached dwelling that occupies the lesser of a maximum of 1,000 square feet of floor area or one-third of the floor area of the dwelling or (added in 2023) a smaller dwelling unit located on the same lot as a principal single family detached dwelling.  Only one ADU per property is allowed and you have to meet minimum lot size requirements and meet all city and county regulations for permitting.

Further, the city of Annapolis expanded the use of ADU’s to allow rentals, letting you generate revenue at home.

In summary, ADUs can not only enhance the functionality of your property, they will increase your value and give you flexible housing options and even provide for additional income.  Always check all details with county zoning, obtain all required permits and use a MD licensed contractor to complete all work.

Need more info?  The Roskelly Team is just a phone call, email, or text away to assist.

The Two Rivers community in Odenton MD is a hot real estate commodity.  We saw days on market creep up in October but that is normal for this time of year and consistent with what we saw across Anne Arundel county.  The price of homes is steadily increasing as this amenity rich community with luxury homes is a top destination for home buyers in Odenton. If you're ready to start your search for a home in Two Rivers, we'd love to help!

Thinking of selling your home?  We are experts at serving your neighborhood.  Visit us online to learn more about  The Roskelly Team's qualifications, award winning marketing plan, or get an free market value analysis for your Two Rivers home.

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