The Baltimore Blog by Ron Howard

March 3, 2017

March 2017 Market Update Video

Hey Everyone! Check out our March market update for the harbor neighborhoods between Highlandtown & Harbor East. Our new video format will get better & more entertaining along the way & you’ll get to meet more of our agents with each new video! We’ve included links to all the active & recently sold listings in each of the neighborhoods in this report. 

Reach us at 443-573-9222 if you'd like to start the home buying or selling process!

Derek Blazer – Brewers Hill
Actives:  https://goo.gl/unNqfj
Sold last 90 days: https://goo.gl/aiWIoP

Alex Lewis - Highlandtown
Actives: https://goo.gl/Kasx5e
Sold last 90 days: https://goo.gl/V7UyUg

Curt McCabe - Canton
Actives:  https://goo.gl/hiR81V
Sold last 90 days: https://goo.gl/oTUkSb

John Maranto – Fells Point & Butchers Hill
Fells Point Actives: https://goo.gl/kqo7xZ
FP Sold last 90 days: https://goo.gl/lfQbLa

Butchers Hill Actives: https://goo.gl/w2p3T7
BH Sold last 90 days: https://goo.gl/B29i7l

Victoria Fitch – Patterson Park
Actives: https://goo.gl/VnCx1y
Sold in last 90 days: https://goo.gl/vPf6CF

Tressa Manna – Little Italy & Harbor East
Little Italy Actives : https://goo.gl/fDDYkn
LI Sold last 90 days: https://goo.gl/ePYSDm

Harbor East Actives: https://goo.gl/H6xeEx
HE Sold last 90 days: https://goo.gl/mSfbSJ

530+ Zillow Reviews: https://goo.gl/sbgTUw

Your home’s value: http://homevaluebaltimore.com

 

May 4, 2016

City Life Homes - Around Eager Park

David Andrews was hired as the Dean of the Johns Hopkins School of Education in 2010, shortly thereafter, he and his wife Marti faced the question – where in Baltimore do we live?  After temporarily renting in Guilford, they decided to make East Baltimore their home, choosing City Life Builders to handle their home’s construction due to their years of quality home construction and creative design. The Andrews eventually purchased two homes on Chase Street and, with the help of City Life, conjoined them, looking to express themselves and assimilate into the community which they’d soon help to guide.

            The resulting home – with the front door angled toward the intersection of Chase and Rutland – is warm and welcoming, reflecting the outlook of the Andrews and City Life towards the ever-developing surrounding environment.  As the Dean, David Andrews was asked to oversee the construction and development of the $53 million Henderson-Hopkins K-8 School.  With groundbreaking in June of 2012 and the goal of opening in the fall of 2013, Andrews was determined to be a part of the rejuvenation of this community. (To see the Andrews house virtually, use the 3D tour shown below. To see the official listing for the Andrews' home, click here.)

The East Baltimore Development Inc. (EBDI) is focusing heavily on the portion of East Baltimore between Madison Ave and Preston St, and Broadway St and Patterson Park Ave, however, the development hasn’t been restricted to the EBDI footprint – the neighboring Oliver community, to the west, has seen similar advancement.  The previously mentioned City Life Builders already have two homes, ready to sell, on Caroline Street and are preparing to build three more, as the demand for homes continues to increase. (To see the City Life Builders' homes available for purchase now in Oliver, click here.)

In reality, there is a laundry list of benefits afforded to members of the EBDI and Oliver communities.  Enrollment in the Henderson-Hopkins school guarantees to families their children’s evolving minds are in the best hands. Employees of Johns Hopkins are afforded up to $25,000 towards their home purchase as part of the Live Near Your Work program. Builders like City Life allow buyers to completely customize the home of their choice within their budget, as development and creativity are the new norms in East Baltimore.  With additional savings from the city in the form of the Vacants for Value program and CHAP historic tax credits, the incentives are innumerable, and it’s only a matter of time before the secret is out.

Businesses are cropping up all around the EBDI footprint, as familiar local and national faces have already staked claim to some coveted plots.  Atwater’s, the popular local café, has already opened a location at 1909 Ashland Avenue, their sixth branch in the Baltimore area. 1812 Ashland, Johns Hopkins’ self-proclaimed innovation hub for life sciences, already has plans in place to feature a Starbucks on the first floor.  In addition, the Helmand Restaurant – which has enjoyed great success in Mount Vernon serving Afghan cuisine – has already agreed to open a fast-casual restaurant. (Click here for new custom renovations available in this area.)

With 15,000 new jobs promised over the next five years, $650 million invested to date, $100 million in completed infrastructure improvement, and a projection of $1.8 billion of investment generated over the next 20 years, the influence of this project is obvious.  And with Johns Hopkins partnership, it successfully bridges the gap between the hospital and the community.

“Part of the property is called the Science + Technology Park at Johns Hopkins,” Scott Levitan, the senior vice president of Forest City-New East Baltimore Partnership, told AroundEagerPark.com. “But the area has always been planned as a mixed-use community, with a wide range of housing options, a hotel, new K-8 public school, shops, restaurants and recreational space, in addition to offices and laboratories. It was always intended to be a place where people will live as well as work.”

Eager Park is the 5.5-acre community park entering the next phase of development, eventually to span along Wolfe Street from Ashland to Biddle.  It is consistently referred to as one of the anchors of the EBDI redevelopment, because, the park itself is focused on uniting the East Baltimore community; and with the planned amenities, there is no reason to believe it won’t be a pillar for years to come.  Those include an amphitheater, playground, community garden, designated farmer’s market space, and a 150-foot wide grass space for community activity.

(To view the Eager Park website, click the above photograph.)

Once Eager Park is complete, a short two-block walk east down Biddle Street will bring you to the Hoen Lithograph building. With a planned 75,000 square feet of office space, Hoen Lithograph will host some particularly exciting tenants, including 20,000 square feet reserved for CanningShed, the canning operation from one of Baltimore’s most trusted culinary names, Spike Gjerde from Woodberry Kitchen.  In addition to CanningShed, some variation of Gjerde’s Artifact Coffee from Hampden will also call Hoen Lithograph home, along with a proposed joint bookstore and community writing center.

            “If you think about what EBDI offers people… it’s really astounding,” Andy Frank, the special adviser to the president of Johns Hopkins on economic development, told former mayoral candidate David Warnock in a WYPR interview in 2014, “They offer a set of amenities that you can’t get anywhere else in Baltimore.”

            With all of the aforementioned work, this is just the tip of the iceberg in one of Baltimore’s most exciting projects. These home-buying incentives won’t be around forever, and many feel the time to buy is now.  Stake claim to your slice of the future of East Baltimore, and over the years, watch the community – and your investment – soar. (Check out these new renovations ready for purchase.)

Posted in Neighborhoods
March 23, 2016

March 2016 Parkville Market Trends

March 2016 Parkville Real Estate Update

The Parkville community is lucky to have such an activity-filled library, as there are consistently events geared towards educating kids and adults taking place.  The Parkville-Carney branch, located along Harford Road, is offering some particularly exciting classes in the coming weeks, including the basics of soldering (!), knitting, circuitry, button making, and coding, among other things.  The full schedule of events can be found at the Parkville-Carney branch's section of the Baltimore County Public Library page, however, rest assured, there is going to be something to do on almost any given day.  Meanwhile, the March 2016 Parkville market trends show a similarly busy attitude. To see the business first hand, the sales volume is by far the best of the March 2016 Parkville market trends at getting that point across.  

With 63 homes sold in the month of February, where for most months, this would be the precipice, for Parkville, it is a return to previous trends.  Between April and October of 2015, every month produced a sales volume of at least 60 homes.  Now, after three straight months under 60 homes sold, Parkville looks to start a new streak. (To see the homes sold most recently in Parkville, click here.)

The average sales price tells more of a story of consistency, as even though the March 2016 Parkville market trends' average sales price of $175,236 is the third lowest month for Parkville in the last 12 months, that is a bit misleading. In fact, the difference between the highest and lowest average sales price in the past year for Parkville is a mere $22,411. (To find out how much your current home is worth, click here.)

With an absorption rate of 3.04 months for February, this is actually the most pronounced of a sellers market that Parkville has been in the past year.  The March 2016 Parkville market trends are no different than the previous 12 months, in that they are all favoring the seller, however, this is the most it has skewed in that favor. (To see the homes for sale now in Parkville, click here.)

 

For more information on the Parkville real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Parkville website.

Posted in Neighborhoods
March 23, 2016

March 2016 Rodgers Forge Market Trends

March 2016 Rodgers Forge Real Estate Update

As Easter approaches this weekend, an annual tradition in the Rodgers Forge community has already passed, with the annual Egg Hunt and Easter Bunny visit wrapping up last Saturday, March 19.  As families turned out in bunches, kids were treated to an engaging hunt for colorful eggs filled with candy, stickers, and other fun trinkets -- and at the end of the three-hour event (held at the Rodgers Forge Tot Lot), they were able to take their pictures with the Easter Bunny itself! Just an example of the time of community engagement that takes place in Rodgers Forge, these gatherings are a microcosm of the overall Rodgers Forge personality. That being said, the community remains in high regard, real estate wise, and the March 2016 Rodgers Forge market trends show that things don't appear to be slowing down in that regard. With six homes sold in the month of February, the March 2016 Rodgers Forge market trends underscore a bigger trend in the neighborhood -- relatively low sales volumes. In fact, there have been just two months in the past year where there were more than 10 homes sold.

With six homes sold in the month of February, the March 2016 Rodgers Forge market trends underscore a bigger trend in the neighborhood -- relatively low sales volumes. In fact, there have been just two months in the past year where there were more than 10 homes sold. (To see the homes sold most recently in Rodgers Forge, click here.)

The low sales volumes are less about the demand, and more about the supply and the average sales price from the March 2016 Rodgers Forge market trends back this up.  February posted an average of $320,500 per home in Rodgers Forge, and this is the single highest average sales price in that community for any month in the past year.  Seven out of the past 12 months have been above $300,000, showing this wasn't a one-time thing. (To find out how much your house is currently worth, click here.)

 

The final piece of the March 2016 Rodgers Forge market trends we'll use is the average days on market, which further supports the previous claims about demand.  At 28 average days on market, February is now the 11th month out of the last 12 where the average time on the market were less than 50 days. (To see the houses for sale now in Rodgers Forge now, click here.)

 

For more information on the Rodgers Forge real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Rodgers Forge website.

Posted in Neighborhoods
March 22, 2016

March 2016 Ruxton Market Trends

March 2016 Ruxton Real Estate Update

The Ruxton community has been so well preserved and cared for, it is little wonder why it's cited as one of the premier neighborhoods in the country, both in a natural and architectural manner.  The preservation hasn't happened by accident, but rather a dutiful effort by residents to take proper care of the land, and that includes periodic street and stream cleaning efforts.  One such event is taking place on April 2, as from 8 to 10 a.m., they will be cleaning the streets, and from 9 a.m. to 12 p.m. will focus on the nearby stream.  Those interested in participating can meet up at the Brooklandville Fire Station, located on Falls Road before Ruxton Road, and more information can be found here.  The careful maintenance of the community goes a long way towards keeping the homes valuable and in demand, and the March 2016 Ruxton market trends certainly prove that to be true.

The average sales price of Ruxton homes is something to marvel at, with the houses pushing seven figures at times.  The March 2016 Ruxton market trends show an average sales price of $665,000, as there has been just one month in the past year where the average sales price for Ruxton homes was less than $500,000, and it was just $10,000 below that mark. (To find out how much your home is currently worth, click here.)

While there is obvious value to having a home that sells for exorbitant prices, one of the downsides is it can take a bit longer to find a seller, as the March 2016 Ruxton market trends show.  The February mark of 134 average days on the market is one of four months above 100 average days.

The absorption rate does a good job of showing which of the sides the market favors, and more often than not, Ruxton favors the seller.  The March 2016 Ruxton market trends are no different, as, at a 4-month absorption rate, there have been just four months where the rate climbed above 5 months. (To see the homes for sale now on the Ruxton real estate market, click here.)

 

For more information on the Ruxton real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our area-specific real estate page.

Posted in Neighborhoods
March 8, 2016

February 2016 Essex Market Trends

February 2016 Essex Real Estate Update

As the Spring and Summer months approach, the outdoor activities begin to call to hobbyists.  Essex residents feeling that itch will want to make their way out to Commodore Hall on March 19 or 20 and make sure they're ready to hit the water, as the fishing and boating flea market takes place from 9 a.m. to 4 p.m. Saturday and 9 a.m. to 2 p.m. Sunday.  With boats, trailers, fishing rods, reels and tackle for sale, outdoorsmen can get their supplies for the sunny seasons, and be ready to hit Essex and surrounding area's waters.  The natural outdoor beauty goes a long way towards keeping outsiders interested in the Essex community, and the February 2016 Essex market trends show that the market has been as busy as ever, warm temperatures or not.

While many communities undergo a slow period during the month of January, Essex bucks that trend emphatically, as the 46 homes sold in January are tied for the second highest selling month in the past 12.  The sales volume and the other February 2016 Essex market trends show that no matter the time of year, there is action. (To see the homes sold most recently in Essex, click here.)

Similar to the sales volume from the February 2016 Essex market trends, the speed at which homes sold in Essex was also impressive.  Averaging 85 days on the market, this is the 11th consecutive month in which Essex homes averaged less than (or, for one month, equal to) 100 days on the market.  This shows that demand for Essex homes is relatively constant and consistent. (To find out how much your current home is worth, click here.)

Finally, the absorption rate brings our February 2016 Essex market trends' recap to a close, as the Essex market is as favorable to the seller as ever.  With an absorption rate of 4.23 months, there has not been a shorter absorption rate in the past 12 months in the Essex community.  It has stayed somewhat steady, not fluctuating higher than 6.45 months in any of the past 12 months, and only dipping below 5 months in four of the past 12 months. (To see the homes for sale now in Essex, go to this website.)

 

For more information on the Essex real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Essex website.

Posted in Neighborhoods
March 7, 2016

February 2016 Baltimore County Market Trends

February 2016 Baltimore County Real Estate Update

Baltimore County residents with a lead foot will want to pay attention, as the county has relocated six speed cameras in hopes of cracking down on reckless drivers in school zones.  The new cameras will be placed outside of Deer Park Elementary School in Owings Mills, Reisterstown Elementary School, Calvert Hall College High School in Towson, Timonium Elementary School, McCormick Elementary School in Overlea and General John Stricker Middle School in Dundalk.  We can agree that safer streets, especially in school zones, go a long way towards making a community a good place to live, and Baltimore County has clearly invested in this.  Safety is one of many characteristics that draw people to Baltimore County, and as the February 2016 Baltimore County market trends show, people are consistently drawn to the area.

Baltimore County, as a whole, encompasses a wide geographic region, so as a result, the sales volume can be hard to interpret on its own.  The February 2016 Baltimore County market trends' sales volume is no different in that regard, as the 618 homes sold in January are the second lowest month in the past 12. (To see the homes sold most recently in Baltimore County, click here.)

The February 2016 Baltimore County market trends' average sales price

The February 2016 Baltimore County market trends' average sales price from the month of January 2016 was $250,250, which was actually the seventh highest average sales price for Baltimore County homes since last February.  However, the average sales price from Baltimore County homes was over $100,000 more than that of the homes in Baltimore City. (To find out how much your home is currently worth, click here.)

The easiest of the February 2016 Baltimore County market trends to interpret is the average days on market metric.  Averaging 80 days on market for the month of January, Baltimore County homes remain in high demand, as they have no had a single month over 100 average days on market since February 2013. (To see the homes for sale now in Baltimore County, click here.)

 

For more information on the Baltimore County real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Baltimore County website.

Posted in Neighborhoods
March 4, 2016

February 2016 Severn Market Trends

February 2016 Severn Real Estate Update

A proud member of the Anne Arundel County community, Severn provides its residents with fantastic events around the calendar.  This time, there is a wonderful gathering -- or, competition, depending on your personality -- in Pasadena, as the 2016 Rec Deeds Challenge Run 5K and Family Fun Walk are taking place Saturday, March 19 at Downs Park.  This is always a great thing to be a part of, as the community gets together for some quality exercise and bonding in memory of Tyler Hamrick and all other adaptive athletes.  With the bounty of opportunity in Severn, the community remains a fixture in real estate terms, even though the February 2016 Severn market trends are in the midst of a brief winter down period.

When you talk about the down period that comes with the winter months, the only metric from the February 2016 Severn market trends that really bears this is the sales volume.  The 15 homes sold in the month of January were the first time in the past 12 months where the volume dropped below 24 homes. (To see the homes sold most recently in the Severn community, visit this website.)

Where the sales volume sticks out as lower than usual, the average sales price from the February 2016 Severn market trends isn't as glaring, although it is still low relative to Severn's norm.  Severn homes sold, on average, for $323,349 in the month of January, this being the fourth lowest average sales price in the past 12 months.  That being said, $323,349 is far from a disappointing number. (To find out how much your home is currently worth, click here.)

There has been no down period felt in terms of the amount of time Severn homes spend on the market, however.  The February 2016 Severn market trends show that Severn homes only spent 61 average days available on the market, as once again Severn has healthy demand.  Generally speaking, anything above 100 days on market is considered problematic, and Severn has not had a month above 100 average days on market since March 2014! (To see the homes for sale now in Severn, click here.)

For more information on the Severn real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Severn website.

Posted in Neighborhoods
March 3, 2016

February 2016 Rosedale Market Trends

February 2016 Rosedale Real Estate Update

In the Rosedale community, there are a good deal of quality resources available to citizens of all ages, however, when talking about the perfect place for kids to develop, the Rosedale branch of the Baltimore County Library is second to none.  A host of events are held for kids and families to enjoy in Rosedale, and there is one coming up this Monday, March 7 at 4pm, as kids can make their own vinyl decals!  A fun, artistic experience for kids, they will get to leave with their very own sticker, however, registration is required and can be done at this website.  Rosedale has seen increased demand as of late, as the February 2016 Rosedale market trends will show, and the available public resources contribute heavily.

If there is one downside to the February 2016 Rosedale market trends, it would be the sales volume -- which, relative to other communities, is nothing to be ashamed of.  The 20 homes sold in the month of January are tied for the third lowest sales volume in the past 12 months in Rosedale.  (To see the homes sold most recently in the Rosedale community, click here.)

Where the February 2016 Rosedale market trends really shine is in the demand for the homes, as evidenced by the average days on market statistic.  For the month of January, Rosedale homes sold in 54 days, on average.  This is the lowest amount of average days on market for the Rosedale community in the past 12 months. (To see the homes currently for sale in Rosedale, visit this website.)

The absorption rate is the last of the February 2016 Rosedale market trends we'll focus on, and it too shows the impressive demand for Rosedale homes.  The absorption rate for the month of January was three months, as this was by far the lowest absorption rate in the past year.  Anything below a five-month absorption rate is considered a seller's market, so Rosedale is clearly heavily in favor of the seller. (To find out how much your home is currently worth, click here.)

For more information on the Rosedale real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Rosedale website.

Posted in Neighborhoods
March 3, 2016

February 2016 Linthicum Market Trends

February 2016 Linthicum Real Estate Update

In the Linthicum community, the people look out for each other, and there is no better example of this than the Annual Prayer Breakfast hosted by the GFWC Women's Club of Linthicum Heights.  At this event, they have prepared 200 meals for those in attendance, as they will look to raise money for the local Sarah's House, Hope for All and Arundel House of Hope.  With events like this in tow, there are always both fun and rewarding activities to partake in, and this is part of what keeps Linthicum relevant in the local real estate environment.  While the February 2016 Linthicum market trends weren't overwhelming, they're no cause for concern when taking into account the common slow period during the winter months.

With eight homes sold in the month of January, the February 2016 Linthicum market trends show the aforementioned down months.  The sales total from January is actually tied for the third lowest sales volume in the past 12 months for Linthicum.  However, it isn't as if the market goes cold, as there is still a somewhat substantial amount of action. (To see the homes sold most recently in Linthicum, click here.)

Similar to the sales volume, where the relative lows of Linthicum still produce results, the sales price is no different.  The February 2016 Linthicum market trends show that the average sales price for homes in Linthicum for the month of January was $238,038, which was the second lowest average sales price for a month in Linthicum in the past 12 months. (To find out how much your current home is worth, go to this website.)

Last but not least, the absorption rate is a good indicator of the Linthicum market's current skew towards the seller.  The February 2016 Linthicum market trends' absorption rate from January was 2.75 months, which is the second lowest, behind only December 2015's.  As you can see, if you're a homeowner in Linthicum, it is a good climate to sell. (To see the properties for sale now in the Linthicum community, click here.)

 

For more information on the Linthicum real estate market, call Ron Howard & Associates of RE/MAX Preferred at 443-573-9222, or go to our Linthicum website.

Posted in Neighborhoods