Home in D’Ville just SOLD in 8.5 hours!

No, I’m not pulling your leg!  I am so excited to share this news with you!

I’ve been telling you about how the real estate market in Davidsonville is experiencing an inventory shortage.  Buyers are out looking,  just waiting to write an offer on a new listing when it hits the market.   An article in The Capital recently described the market in Anne Arundel County as a “feeding frenzy” with multiple buyers submitting offers on new listings.   The inventory shortage is causing buyers to have a very strong sense of urgency.

This was the case yesterday when a new home came on the market in Maple Creek in Davidsonville.   This lovely home came on the market yesterday morning at 8:20 AM and was placed under contract at 4:50 pm.

maple creek house sold

Wow, now that was fast!  8.5 hours fast!   This home has been lovingly maintained, inside and out.  Of course, the better condition a home is in, the more quickly it will sell.

Spread the news, let your neighbors who may be thinking of selling know.  Tell your friends!  The market here is amazing!

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Great News for my Davidsonville Friends

 

Even though it may feel like we’re in the middle of July outside with the 90 degree heat, It’s April and the Spring market in local real estate is just getting started!  Here’s a snapshot of the Davidsonville market using the latest figures that were published for March 2013.

 

Average Sold Price March 2013: $600,429

Average Sold price March 2012: $519,375

Difference: +15.61%

This is really great news for anyone of the lovely residents of D’Ville who may be thinking of selling this spring.  Prices are up, and have been on a steady incline every month!  The increase in average sold price is an indicator that the market is stabilizing.  That’s great news for all of us.

 

Average Sold Price to Original List price ratio March 2013: 92.0%

Average Sold Price to Original List Price Ratio March 2012 : 79.0%

Difference: +15.49%

Let me explain:  The original list price is pretty self-explanatory; it’s the price that a homeowner originally places their home on the market for.  Over time sellers may make price improvements to their home periodically until they reach the “magic number” that gets it sold.  In March of 2012 sellers were netting about 80% of what they originally listed their home for.  No bueno.  Last month the figures were looking much better for sellers, homes were selling for about 92% of their original list price.   It looks like sellers are able to pocket more of their cash proceeds now than they were this time last year.  More good news!

 

Average Days on Market March 2013: 81

Average Days on Market March 2012: 144

Difference: -43.75%

Let me continue to spread the joy: Yes, the average time it will take to sell your beautiful abode in Davidsonville is down over 43%.  Who doesn’t want to sell their home quickly?  More wonderful news, right?   

Essentially what you now know is that the Spring market is in full swing in Davidsonville.  If you are thinking about selling, it looks like you’ll be able to sell for more money in less time than you could have before.  Who doesn’t love that?

Now, go out and spread the joy to all of your neighbors!

 

Jennifer Novak

www.JenniferNovakHomes.com

 

 

 

D’ville Love

In case you don’t already know this about me, I must tell you that I absolutely adore Davidsonville.   I fell in love with this community even before I ever lived here.

I remember when I was thinking abut moving and I started looking around at various cities and communities looking for the place that was The One.  The place that I could see myself raising my dogs, my kids, the many different small animals that would eventually be brought in to my home by my kids. The place where I could see myself growing dare I say it, old with my husband.  Well, Davidsonville is definitely that place for me. It’s The One.

I was hooked from the first visit.  I was charmed by the rolling hills, the beautiful homes, and the immediate sense of community I felt when I first visited what would eventually be my own neighborhood.  I experienced the feeling that makes so many people fall in love with this city.  As a Realtor, I have the pleasure of helping others find the places that make them feel the same thing; a genuine love and admiration for their community.

I hope to share with you my love for Davidsonville and bring news to you about the exquisite homes that are such a recognizable part of the landscape here.  I’ll be posting details about homes that are currently on the market for sale in Davidsonville, news about various community happenings, and spreading the word to you about some of the awesome local people who make this town such a great place to live.

Enjoy!

Jennifer Novak

http://www.JenniferNovakHomes.com