21093 Home Sale Statistics December 2011

December 2011 showed another increase in sale for the Lutherville Timonium area.

$14,986,850 in homes sold in 21093, up 19.56% from $12,534,600 in December 2010. Average sales price was up as well, to $405,000 from $391,706 last year.

37 Timonium homes changed hands last month, versus 32 the December prior. Homes stayed on the market a bit longer, though, averaging 114 days to sell versus 81 days a year ago.

One home sold over $1M, so that could be a reason for the % to jump for many of the categories, but the good news is that the Timonium real estate market really seems to be stable, looking back at November Timonium home sales and much of last year.

14 homes came on the market last month, and there were a total of 137 homes for sale in 21093. 34 homes went under contract, which should hopefully show a strong January and February for Timonium home sales!

Here is a link to the detailed December 2011 Timonium home sale report.

I’ve mentioned many times how Timonium and Lutherville homes are vastly different — neighborhood by neighborhood and often street by street.

For an idea of your Lutherville house value, contact me! I would be thrilled to help!

Baltimore County Most Expensive Home Sales 2011

Baltimore County real estate had a few high end home sales in 2011.

The five highest home sales in Baltimore County, according to MRIS, our local multiple listing system, included a few farms, and most had a large amount of acreage.

5. 905 Hayfields Rd, Cockeysville, MD 21030. $3,475,000. Listed and sold by Krauss Real Property Brokerage. This is a gorgeous newly-built home, that was finished around Summer 2011. Including the finished lower level, there are eight bedrooms, seven full and two half baths. It has 2.28 acres off a private drive, the home overlooking Hayfields Golf Course. Beautifully appointed, and spectacular views!

4. 2700 Butler Road, Reisterstown, MD 21136. $3,750,000. Listed and sold by Coldwell Banker Residential Brokerage. A “French Country Estate” home built in 2005, this is located up a hill and shared/private drive off Butler Road. Located on 53 acres, it has five bedrooms, 4 full and one half bath, and overlooks beautiful Worthington Valley.

3. 12757 Greenspring Avenue, Reisterstown, MD 21136. $3,900,000. Listed and sold by Yerman, Witman, Gaines & Conklin. This home was built in 1940, as is part of the “Vanderbilt Estate,” according to the listing. It is situated off a very private drive on over 138 acres. There are eight bedrooms, eight full four half baths. It boasts an in-ground pool, and it even has a bowling lane and full gym in the lower level!

2. 7309 Brightside Road, Baltimore, MD 21212. $4,200,000. Listed and sold by Coldwell Banker Residential Brokerage. This spectacular home was built in 1880, and has been gracefully and exquisitely restored. I have been in this house a few times, and it is truly gorgeous. It showcases 11 fireplaces (yes, 11!), seven bedrooms, six full and two half baths. It has 5.46 acres in the 21212 zip code!

And the highest sale in Baltimore County for 2011:

1. 2509 Butler Road, Reisterstown, MD 21136. $9,500,000. It was listed & sold simultaneously by Krauss Real Property Brokerage, which is why there are not many details or photos about the home. It is situated on 144.49 acres near the Falls Road Corridor, and looks to be a working farm, with rolling acres, animals, and convenient location. It has four bedrooms and seven full baths.

Much of Baltimore County real estate has been holding its’ own, despite the downturn in many areas. Each neighborhood is VERY different, so general overviews are not good indicators of your value. Contact me for more details on your Baltimore County house value. I would be happy to help!

Baltimore County Restaurant Week 2012 Winter

Baltimore County Restaurant Week Winter 2012 is actually more than a week, and is January 12-21, 2012.

This time 36 Baltimore County restaurants are participating!

Lunch and Dinner Prices will be  $10.12, $15.12, $20.12, $25.12, $30.12, or $35.12. You will need to check with the individual restaurants as to their pricing.

Participating Towson restaurants are 7West, Cafe Troia, The Melting Pot, and Razorbacks.

Parkville restaurants include Pappas and McAvoys.

There are a number of Timonium restaurants involved, including Basta Pasta, The Charred Rib, Christopher Daniel, Liberatore’s (as well as their location in Perry Hall), Michael’s Cafe, Pasta Blitz, The Peppermill, and Tark’s Grill.

Cockeysville and Hunt Valley restaurants are represented by Barrett’s Grill, The Oregon Grille, and Patrick’s Restaurant and Pub.

Northern Baltimore County showcases the Milton Inn in Sparks, who first began Baltimore County Restaurant Week in summer 2010, Friendly Farm in Upperco, and the Grille at Peerce’s in Phoenix.

There is a great group from East Baltimore County in Dundalk, Essex, Perry Hall, and White Marsh.

There are a number also from the West Side of Baltimore County, with those in Owings Mills, Catonsville and Pikesville, as well as Randallstown, Glyndon, and Randallstown.

Here is a full list of the participating restaurants.

Baltimore Restaurant Week Winter 2012 is January 20-29, so they overlap for two days. So enjoy good eats in Baltimore County and then head to Downtown Baltimore for more!

Baltimore Restaurant Week 2012 Winter

Baltimore Restaurant Week Winter 2012 is January 20-29 at participating restaurants in the City.

This year again, the restaurants are supporting “The Journey Home,” a program designed to end homelessness in Baltimore City within the next ten years. This year, the United Way is offering that if you text “JOIN” 20222, from January 20-29, you will donate $10 to The Journey Home.

Participating restaurants will have prix-fix menus. Three course dinners will be $30.12 or $20.12, depending on the place (though when I looked, I only saw four in the entire list that were only $20.12). Many will also offer two course lunches for $15.12.

You should check baltimorerestaurantweek.com to see which restaurants are participating, who is serving lunch, and to make reservations, which are highly recommended.

So come to Downtown Baltimore and enjoy some delicious food at delicious prices. Make your reservations now, because some places are very popular and book up quickly!

Mangia & Enjoy!

This Month in Real Estate January 2012

This Month in Real Estate January 2012 has been released!

Home sales activity was down to 4.4 million homes last month, a drop from the pace set from December 2011 This Month in Real Estate of 4.97 million. It makes me wonder about the number of sales that may have been canceled last month. It is up, though, according to the numbers, 12% over the same period of 2010. The median home sale price was $164,000. The average interest rate for December was 3.91%, down from November.

The Top News, presented by Jay Papasan, is about home buyers, and the surprising things they look for in a home.

Most homebuyers start their searches online, and it takes, on average, about three months to find a home. Weather is less of a factor than in past years, because so many buyers view the house and the areas online to see if they are places they would want to consider.

In News You Can Use with Bryon Ellington, he discusses why listing your house NOW instead of waiting for the Spring may be a good decision.

1) As noted earlier, it takes, on average, about three months for a buyer to find their house. That will be Spring — so you are listing for those who are looking to settle in that time frame!

2) You have less competition. Many people wait to list in the Spring. If you list now, there are fewer houses for buyers to choose from — which may make yours more attractive!

3) Lenders, appraisers, movers, home inspectors, contractors, and other vendors also see a decline in business during these months. Therefore your sale/home/buyer gets more attention.

If you’d like more information on whether now is a good time to sell your house in Towson, contact me. I would be happy to help!

Happy New Year, Baltimore!

Well, it is been awhile since I last posted, but I wanted to wish everyone a HAPPY NEW YEAR!

For those who know me, know that 2011 was a difficult one for my family.

We lost my father a week before Christmas, after a long battle with cancer. He died exactly a year from the date that my brother’s wife had surgery for a major brain tumor.

Though we’ve had challenges, I feel very lucky to have such a wonderful, supportive, and loving family.

I am hoping 2012 will bring more happiness, love, and joy into our lives, and just a few less challenges, please!

So, my plan now is to be back on schedule for regular updates.

Are there any posts you’d like to see from me? Updates on your neighborhood? Let me know!

Here’s to a WONDERFUL 2012!

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