Buying and Selling Baltimore

Monday, April 7, 2014

Homes are Flying Off the "Streets"

A busy, busy weekend here. First, one of my two new listings is already under contract. After a successful Open House (21 attendees), 834 West 35th Street received 4 offers between Saturday and Sunday, allowing the sellers to accept a contract over their asking price... Incredible! And, I'm expecting an offer on my other new listing, 2918 Hudson Street, today or tomorrow. That's not all, an offer was also received on my Fairmount Avenue property (on the market 25 days), and I have a potential offer coming in on a property in Roland Park that has yet to hit the market!

If you're thinking about selling, I couldn't think of a better time than now. Both the weather and the market are heating up. People are out and ready to buy!

As always, please contact me with any of your Real Estate questions. Thank you for your continued support.

Friday, April 4, 2014

Spring has Sprung!

I've been busy the last two weeks preparing to send out my latest newsletter (send me your address if you're interested in receiving my bi-monthly Real Estate newsletter). I've just finished up and am ready to get back to weekly blogging. Remember when I told you about there being a busy spring market? Well, it's here! I just listed two new homes this week, one in Canton and one in Hampden, and I'm just getting started! With three more listing coming in the next few weeks (Roland Park, Canton, Federal Hill), I'm sure to keep busy this spring (no complaints here!).

Are you thinking about putting your home on the market? Started working on the curb appeal now (or yesterday really)! Spring is when a lot a buyers are finally excited about getting out and looking at homes, especially after the long winter we've had here in Baltimore. And lucky for sellers spring is also the time of year when most homes/yards look their best! Spiff up the outside of your home with some landscaping, colorful plants, a fresh coat of paint, etc. It'll make a world of difference! It's common practice for buyers to pass by a home and feel it out before going back with their agent... and if you're home looks sub-par from the outside, they may change their mind about it. A beautiful exterior will convince buyers that it will be worth their time to view the interior.

Happy buying and selling!! And enjoy the warm weather!

~Just Listed - 834 West 35th Street~

3 Bedroom, 1.5 Bath

Hampden

Charming bow front home filled with natural light! Kitchen boasts brand new granite counter-tops, stainless steel appliances, and surround sound. Large dining room and nice back yard with patio- perfect for spring entertaining. Roomy master bedroom with an abundance of storage, full bath with claw foot tub, and two more bedrooms on second floor. Convenient to all Hampden has to offer, steps from “The Avenue”!

More Photos:

Magan Marie Drane

410-493-6854

magan@magandrane.com

~Just Listed - 2918 Hudson St~

3 Bedroom, 2.5 Bath

Canton

Unique 3 bedroom, 2.5 bath Canton with rustic charm. Cozy up to the living room fireplace, entertain in spacious kitchen/dining space with built in bar. Convenient first floor half bath and private patio. Upstairs is a full laundry room, two bedrooms, and renovated full bath. Third floor master retreat with jacuzzi tub in master bath and bedroom with gorgeous exposed beams and brick. Walk out to tiered deck with BREATHTAKING city views!

Perfect Location!

Great curb appeal!

Cozy living room with exposed brick, wood beam ceiling, and working fireplace.

Separate dining area off kitchen with built-in bar.

Bedroom on second floor

Master bedroom on third floor

Tiered deck! (first tier)

Spacious roof-top deck- great for entertaining!

Amazing city views!!

Magan Marie Drane

410-493-6854

magan@magandrane.com

Friday, March 14, 2014

Baltimore's Spring Market

We're Expecting a Busy Spring in Real Estate:

A recent MRIS survey found that 71 percent of mid-Atlantic real estate professionals are expecting a busy spring season. They predict that real estate transactions will increase this year as compared to 2013, not only in the number sold but also the sold price.

Below are the Real Estate statistics (from RealEstate Business Intelligence) for Baltimore City and County for January/February 2014 as compared to January/February 2013. You’ll see that there is improvement all around-- excluding slight decrease in Baltimore County’s sold listings for both January and February.

Homes sales and home prices have been increasing, even through the cold, snowy winter months. If this winter is any indication of where the markets going, we should expect big things this spring. Spring is already normally the busiest season for real estate transactions and a lot of sellers are in the process of getting their homes ready to list. Likewise, buyers are getting excited to start their home search in the coming weeks.

Baltimore Business Journal lists some challenges local professionals think buyers and sellers will be facing in the spring:

"-53 percent think that an insufficient supply of homes on the market is one of the biggest challenges that buyers face right now.

-50 percent think buyers were concerned with competition from other buyers; and 48 percent noted low affordability.

-More than half think the biggest challenge that sellers are facing right now is pricing their home properly."

These are typical concerns in any market, so they shouldn't cause too much worry, especially in a growing market on the upswing.

See more February market stats for Baltimore City and Baltimore County.

Read the Baltimore Business Journal's articles about the MRIS survey and February's statistics.

Tuesday, March 11, 2014

~Just Listed - 2234 East Fairmount Avenue~

2 Bedroom, 2 Full Bath

Butcher's Hill

Charming 2 bedroom, 2 bath Butcher’s Hill home seeking new owners. Long list of features throughout including exposed brick, wood floors, built-ins, beautiful ceilings, granite counters and stainless steel appliances. Separate dining room opens to kitchen. Exit kitchen to brick- paved, fully fenced rear patio. Bedrooms are separate floors each with their own spacious full baths. All just steps from JHU and Patterson Park.

More Photos Below: