Pot Spring Development Must Conform to Current Zoning

There is good news for the homeowners near the Pot Spring and Old Bosley Rd intersection, where a 33 home development had been proposed, and almost presented to the Baltimore County Council.

The lot is currently zoned for 13 homes, while the larger development would have been designed for a 55+ community, adding another 20 homes to the current zoning.

The potential Pot Spring development caused an uproar in the community, because of the additional traffic, drain on resources, and lack of parking would have caused issues for the currently standing communities.

Councilman Todd Huff was ready to propose a change in zoning for the planned unit development, but listened carefully when his new constituents came to him.

The Pot Spring community is located just north of Timonium in Cockeysville.

They are, I am sure, feeling more confident that their Cockeysville house values shouldn’t be compromised by a development not suited for the area.

21030 Home Sale Statistics May 2011

Cockeysville and Hunt Valley showed similar statistics as the rest of the Baltimore Metro area in terms of a downturn in sales for May 2011 versus May 2010.

21030 had a 28.97% drop in sales volume, from $6,942,400 last year to $4,931,450 this May. Average sales price dropped as well, from $408,376 last year to $328,763 this year. Only 2 less houses sold than May last year, and the good news is that the days on market dropped to only 98 average days to sell versus 161 last year!

Two more detached homes sold this year, but the average price was much lower, indicating the Cockeysville single family homes sold were in different neighborhoods than those last year.

Half as many townhouses sold as last May, only four versus last May’s eight. The average sales price was up about 4.79%.

See the full May 2011 Cockeysville home sale report here.

Each neighborhood within 21030, whether in Cockeysville and Hunt Valley is different. Though this is an overview of the zip code, your neighborhood may be different! For more information on your Hunt Valley neighborhood, please contact me. I know the area well!

Development at Pot Spring and Old Bosley Rd in Timonium

The development of the acreage at the corner of Pot Spring Road and Old Bosley Rd in Cockeysville near Timonium had its’ plans halted on Thursday, as new Councilman Todd Huff postponed his consideration of the development.

The land is currently zoned for 13 homes, but the developer, Jeffrey C. Kirby, wants to build 33 attached homes for a 55+ community. Over 200 residents came out, many to oppose the resolution last Monday at a meeting, and the work session was scheduled for tomorrow, February 1, 2011. The Baltimore Sun reported in an article on the development’s postponement. This was just one step of many that would have to be approved before the project were to be able to continue.

The lot’s location is the wooded area behind the Lake Apartments on the left side of Pot Spring, south side of Old Bosley Road.

View Larger Map

The proposal is in limbo right now, but not withdrawn or canceled.

Many of the neighbors are concerned with the change in the current zoning, and the traffic issues that could be caused by an additional 20 homes than zoning currently allows for the land. To the west of the proposed development is an already highly developed area of Cockeysville homes.

I will stay tuned as the changes in development continue!

Hunt Valley House Values October 2010

Hunt Valley house values for October 2010 were on the rise, showing good signs for recovery in the fourth quarter of the year.

Though two less homes settled from the same time last year, average Hunt Valley house values were up 14.64% from $336,862 in October 2009 to $386,167 this October. This is the second month in a row of increasing home sales prices in Hunt Valley!

Also getting better is the average amount of time it takes to sell a home in Hunt Valley — down to 47 days from a high of 161 days in 2009, a drop of 70.81% from this month last year. Great news for homeowners wishing to sell — less hassle because their house is on the market for less time — and their values, in general, have risen!

There are a few factors that could create a false positive in the 21030 zip code, one major one being that many foreclosures had been halted due to the “Robo-signing” controversy, and though Maryland was not one of the states where the lawsuits were filed, while the banks were figuring out the issues, they stopped things in their tracks.

Add onto that the natural yearly slow down of active foreclosures heading into the holiday season, plus the election year, and you have good reasons why it could possibly have looked better than it truly is.

I like to think on the bright side, and view it as the Hunt Valley housing market at the beginning of recovery, but I am cautiously optimistic at this point. I will be following the trend over the next few months, and see how January and February shape up for the 2011 market.

For more Hunt Valley real estate needs, make sure to contact me!

Hunt Valley Home Sale Statistics September 2010

Hunt Valley home sale statistics for September 2010 were up 19.08% over the same month last year, marking a good incline in the market.

While Baltimore County home sales in general were down 19.4%, and prices were also down 1.4%, the number of Hunt Valley home sales rose and the values rose 5.85% as well. Days on the market dropped from 112 to 54, which is another good sign, and the best statistic for Hunt Valley homeowners is that these 9 sellers got 95.12% of their list price, showing that they priced well, their houses sold quickly, and they got close to what they were asking for their homes!

Also, according to the MRIS (Metropolitan Regional Information Systems, our local multiple listing service), in 21230, which includes Hunt Valley and Cockeysville, there were 30 new homes listed, and 12 homes went under contract in the month of September.

This shows Hunt Valley is holding and rising in value, which is great news for Hunt Valley homeowners. For Hunt Valley homebuyers, now is the time to buy!

For more Hunt Valley real estate needs, make sure to contact me!

Cockeysville Home Sale Statistics February 2010

Cockeysville houses that sold in February 2010 were up 40% over February 2009 from an average sales price of $203,000 last year up to $284,450.

Under contract prices are down 19% over last year at this time to $300,000 from $372, 450.

For sale is down 5% to $339,900 from $359,900 last year.

There were 97 homes for sale in 21030, 9 under contract, and 10 sold in the month of February.

These numbers are fairly good considering the mutiple blizzards and snowstorms we had in the month, slowing the market down tremendously!

View the Cockeysville Home Sale Statistics for February 2010.

Please note that these are statistics from the multiple list. The chart is an overview of the zip code and does not take into account the type (condo, townhouse, single family) or condition of the home. To have a true value understanding of your Cockeysville home or Hunt Valley neighborhood, these factors need to be taken into consideration. If you would like a Cockeysville or Hunt Valley home price evaluation, please contact me today.

Cockeysville and Hunt Valley Home Sales Statistics Year 2009

Cockeysville and Hunt Valley home sales in 2009 statistically were very stable.

There were consistently over 100 houses on the market for sale in Hunt Valley. December 2009 was a slow month with only 4 houses going under contract, but other months on average 10-16 did. That same average applies for properties that settled.

From December ’08 to December ’09, there was a 16.1% increase in sales price for homes under contract & 8% in properties that settled.

The median list price remained the same, around $359,000. The median price of those under contract is much lower, though, at about $317,000. The ones that settled averaged around $320,000. This shows that the higher priced ones are staying on the market longer, with about a $40,000 difference from average list to average sold price. It appears once reduced to a certain level, the houses do go under contract and settle.

Not even just price went up, but number of units as well. Things have definitely improved in 21030 home sales in the last 12 months. With the First Time Homebuyer tax credit extension, I foresee more homes going under contract through April 30, 2010 in Cockeysville, since the price range is very popular for those who are eligible and taking advantage of this credit.

Home sellers in Hunt Valley and Cockeysville need to take advantage of this credit, and sell to those who are out there now, and won’t be after April 30.

Hunt Valley Home Sales Statistics Past Six Months

My compilation of the 21030 real estate market statistics for the last six months are here!  The full chart includes data on sales, contract, and active homes from June 22-December 6, 2009.

What the full chart shows is that prices and inventory really have stabilized in the Cockeysville and Hunt Valley real estate market. There are a few spikes, but in general, the past six months have been fairly even. Prices have actually risen by about 12% in the past 12 weeks compares to the prior 12, but the number of houses going under contract have dropped about 10%.

Consistently, there have been about 100 homes for sale in 21030, while on average only 3-4 of those homes are going under contract each month, and only 2-3 are settling each month.  There is a large inventory for Cockeysville homebuyers, with an average of only about 3% of listed homes going under contract each month.

These 21030 home sale statistics show that pricing correctly, having the home in showplace condition, and good marketing are imperative in this Hunt Valley housing market.

Please note that these are statistics from the multiple list. The chart is an overview of the zip code and does not take into account the type (condo, townhouse, single family) or condition of the home. To have a true value understanding of your Hunt Valley home or Cockeysville neighborhood, these factors need to be taken into consideration. If you would like a Hunt Valley or Cockeysville home price evaluation, please contact me today.

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