Laurel, MD SOLD Homes March 2010 Houses SOLD:  66 Average LIST price:  $283,030 Average SELLING price:  $278,907 Average DAYS ON MARKET: 90 LOWEST SALE price:  $60,000 - 3 bedroom, 2 bath condo located in Applewalk built in 1973 - foreclosure HIGHEST SALE price:  $561,000 - 4 bedroom, 3.5 bath single-family home located in Warfields Range, built in 1986 Laurel, MD ACTIVE listings (as of 4/11/10)                   ACTIVE Houses:  458 Average LIST Price:  $308,792 LOWEST LIST Price:  $58,300 - 3 bedroom,2 bath mobile home, built in 2003 HIGHEST LIST Price:  $1,750,000 - 5 bedroom, 6 baths, single-family home in Stone Lake - built in 2008 Current Average Days on Market:  119   Laurel, MD UNDER CONTRACT listings (as of 4/11/10) UNDER CONTRACT Houses:  291 Average LIST Price:  $267,754 LOWES... 04/11/2010

      2010    2009    % Change Total Sold Dollar Volume: $ 4,929,460 $ 6,813,045 - 27.65 % Average Sold Price: $ 234,736 $ 252,335 - 6.97 % Median Sold Price: $ 215,000 $ 240,000 - 10.42 % Total Units Sold: 21 27 - 22.22 % Average Days on Market: 98 167 - 41.32 % Average List Price for Solds: $ 257,630 $ 291,873 - 11.73 % Avg Sale Price as a percentage of Avg List Price: 91.11 % 86.45 %     The above chart reflects sale of Laurel real estate zip code 20707 for March of 2010.  The numbers above show the market in Laurel Md  continues to fall.  The Average Sold Price of  $234, 736 is almost 7% less than last March.   The Median Sold Price in Laurel real estate has also dropped to $215,000 under last March.  This reflects a drop in median price of over ten percent.    The number of units ... 04/11/2010

Laurel, MD SOLD Homes February2010 Houses SOLD:  44 Average LIST price:  $276,042 Average SELLING price:  $275,219 Average DAYS ON MARKET: 98 LOWEST SALE price:  $122,000 - 3 bedroom, 2 full bath, 2 half bath townhome home built in 1971.  Located in Andover Heights - foreclosure HIGHEST SALE price:  $545,000 - 6 bedroom, 4.5 bath single-family home located in Emerson, built in 1985   Laurel, MD ACTIVE listings (as of 3/14/10)                   ACTIVE Houses:  397 Average LIST Price:  $305,473 LOWEST LIST Price:  $58,300 - 3 bedroom,2 bath mobile home, built in 2003 HIGHEST LIST Price:  $879,000 - 4 bedroom, 3.5 bath single family home - to be built Current Average Days on Market:  133   Laurel, MD UNDER CONTRACT listings (as of 3/14/10) UNDER CONTRACT Houses:  248 Average LIST Price:  $... 03/14/2010

Wow, are we underwater in Laurel, MD and the DC Metro Area.... Take a look at my backyard..  http://www.youtube.com/watch?v=QfPWogHZQlI   Click on Link  02/10/2010

Laurel, MD SOLD Homes January 2010 Houses SOLD:  50 Average LIST price:  $244,609 Average SELLING price:  $240,288 Average DAYS ON MARKET: 108 LOWEST SALE price:  $117,000 - 3 bedroom, 1 full bath, 2 half bath townhome home built in 1969 - foreclosure HIGHEST SALE price:  $490,000 - 4 bedroom, 3.5 bath single-family home located in Cardinal Forest, built in 1985                      Laurel, MD ACTIVE listings (as of 2/6/10)                   ACTIVE Houses:  383 Average LIST Price:  $307,326 LOWEST LIST Price:  $58,300 - 3 bedroom,2 bath mobile home, built in 2003 HIGHEST LIST Price:  $1,750,000 - 5 bedroom, 55 baths, single-family home in Stone Lake - built in 2008 Current Average Days on Market:  144   Laurel, MD UNDER CONTRACT listings (as of 1/30/10) UNDER CONTRACT Houses:  211 Avera... 02/07/2010

Laurel MD 20723 - Stone Lake Home Sales Statistics - November 2009 This Stone Lake Neighborhood Update with home sales statistics will be a regularly updated feature on my blog.  With this new format, there are no limits to the neighborhood home sales statistics that Dipper and I can update.  Do you live in Howard, Carroll, Baltimore, or Anne Arundel County?  Just post a comment or send us an email with your neighborhood and we will be happy to start updating for you. Stone Lake is a gorgeous neighborhood located in Laurel, Md, jut outside of Columbia.  It is a newer community with ongoing construction and with "older" homes that were built in the 1990's.  Stone Lake features single family and upscale townhomes built by several different builders. It is centrally located in Howard Count... 11/22/2009

Should I Float? Should I Lock? - Daily Update for Thursday, November 19, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  jobless Claims came in on target while the Philadelphia Fed Index came in sharply higher than otherwise expected.  Though this would normally put the kibosh on bonds - the stock market is taking a major slide today which is helping bonds to remain at least par from yesterday. Look for rates this morning to remain steady from where they closed Wednesday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping abo... 11/19/2009

Should I Float? Should I Lock? - Daily Update for Wednesday, November 18, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Housing Starts and Building Permits both came in lower than expected.  The bigger news of the day is the Consumer Price Index coming in just over expectations. Yesterday's Producer Price Index coming below expectations helped allay immediate fears of inflation. Look for rates this morning to remain steady from where they closed Tuesday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all impor... 11/17/2009

Should I Float? Should I Lock? - Daily Update for Friday, November 6, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Good News for bonds (Bad News for the economy).  Though the average work week rose slightly as did hourly earnings - Payrolls dropped more than expected and Unemployment rose to 10.2%. All this is giving a very positive uplift to bonds. Look for rates this morning to be drop from where they closed Thursday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The b... 11/05/2009

Should I Float? Should I Lock? - Daily Update for Thursday, November 5, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  The Fed left the Federal Funds Rate where it was with promises of leaving it where it is for the foreseeable future.  Jobless Claims dipped slightly while Productivity rose more than expected. Look for rates this morning to be rise some from where they closed Wednesday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day moving average. The bond is rising from oversold status. ... 11/04/2009

Should I Float? Should I Lock? - Daily Update for Monday, November 2, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Pending Home Sales came in lower than last month but significantly higher than expected.  The Manufacturing Index also came in more robust than expected.  Surprisingly, neither of these reports are causing the angst in the bond market as one would expect. Look for rates this morning to be dip some from where they closed Friday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 day ... 11/02/2009

Sometime folk can be so dense (pick me).  My wife and I have been considering a move to Northern Virginia (Annandale area) but have a nice size house in Laurel, MD which we are loathe to sell (upside down and a gorgeous piece of property). We want to rent out our house but are extremely skittish about renting to a family or private individuals (our history of renting to others hasn't been very successful).  So we have gotten this bright idea of renting to a corporation. We understand this might not be the best way to go but also it could be.  So we are opening ourselves up to the best and the brightest of this august institution better known as Active Rain! A real quick run down about the house - 3Br/3.5Ba, office (could be a bedroom) on main level, wood burning fireplace in family room... 11/01/2009

Should I Float? Should I Lock? - Daily Update for Friday, October 30, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Most interesting news today.  Personal Spending came in as expected (though down from last month), Personal Consumption for last month and compared to last year were both in line with expectations. Personal Income came in as expected though slightly lower than last month.  Only thing possibly affecting rates in a bad was Consumer Confidence coming in slightly higher than expected. Yesterday's auction for Treasury's came in not very well received.  This caused bonds to dip. Look for rates thi... 10/30/2009

Should I Float? Should I Lock? - Daily Update for Thursday, October 29, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Gross Domestic Product roared in at 3.5% growth for last quarter - higher than some analysts predicted.  Jobless claims were higher.  The kicker though, helping bonds hold steady, is a small element inside the GDP report showing inflation to be in check. Look for rates this morning to be dip some from where they closed yesterday when rate sheets are released by AmerisaveMortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond is currently keeping above the all important 200 ... 10/29/2009

Should I Float? Should I Lock? - Daily Update for Wednesday, October 28, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Yesterday some good things happened - Consumer Confidence dropped below expectations, the Treasury auction had a good turn out for purchasing and maintaining US debt.  This morning Durable Goods came in at expectations while New Home Sales were lower than expectations.   Look for rates this morning to be improve from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond broke back above the all import... 10/28/2009

Don't be fooled by the beauty of the seemingly quiet Westchester at Contee Crossing Apartment complex.  While the apartments are aesthetically pleasing to the eye the upkeep for the inside hallways leaves much to be desired.  The cleaning crew can be seen "spot" cleaning the ceramic tile flooring every 2 months or so.  Only when a complaint is made will they come out and really clean.  Further, once you've made a complaint the management team does nothing and I repeat "NOTHING" to remedy the problem.  We once found a used condom in the stairwell and reported it to the office.  One week later the condom was still there.  I went to the office and had one of the leasing representatives come with me to the stairwell where I showed them the USED condom.  I was told it would be cleaned up imm... 10/27/2009

Should I Float? Should I Lock? - Daily Update for Friday, October 23, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Existing home sales jumped an incredible 9.4%. This has affected bonds for the worse though the stock market is down for the day as well.  Look for rates this morning to be lower from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond stayed above the all important 200 day moving average - though the 200 day is being tested again this morning. The bond is near oversold status. I am recommending to    ... 10/23/2009

Should I Float? Should I Lock? - Daily Update for Thursday, October 22, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Jobless Claims took a "surprising" turn upwards for last week.  Normally this would result in improved bond pricing.  The reason it's not is the announcement due out this morning on how much more debt is to be auctioned off.  Some are guessing in the range of $115 Billion.  This is putting the kibosh on any more rally attempts.  Look for rates this morning to be approximately the same from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation. Technica... 10/22/2009

Should I Float? Should I Lock? - Daily Update for Tuesday, October 20, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  Good news today.  Producer Price Index came in much lower than expected.  This coupled with Housing Starts and new building permits being down is helping bonds rally back.  Look for rates this morning to be lower from where they closed yesterday when rate sheets are released by Amerisave Mortgage Corporation. Technically speaking - the FNMA 4.5% 30 year bond has risen back above the all important 200 day moving average. The bond is near oversold status. I am recommending to    LOCK your bes... 10/20/2009

Should I Float? Should I Lock? - Daily Update for Thursday, October 8, 2009 Here are the daily thoughts on interest rate floating or locking if you are asked by your clients.  As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.  The Consumer Price Index (CPI) report was release this morning.  Surprisingly, core CPI readings showed an increase.  The Empire Index came in quite a bit better while the Philadelphia Index was depressed.  Lastly Jobless Claims for last week were down slightly.  This all on top of yesterday's suprising news is pushing bonds below the 200 day moving average.  Look for rates this morning to increase considerably from where they closed yesterday when rate sheets are released by Amerisave Mort... 10/15/2009