Anne Arundel County Maryland Real Estate Video Blog with Diane Donnelly: Anne Arundel County, MD market update – 2013, what to expect in 2014, and how to save $30k or more

There are many great Anne Arundel County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (410) 320-6551 for a FREE home buying or selling consultation to answer any of your real estate questions.

Last year we saw an unprecedented growth in our marketplace with a relatively huge surge across the board. Overall, average sales prices and year over year prices jumped 8.61% in December. The average sales price for detached homes went up during the same time period a very significant 10.13% and for town-homes the statistic was 4.85%. In terms of the number of Days on Market, we saw a change of 13.5% - a very significant change.

More Change Expected in the Coming Months and Year

Here in 2014 we can speculate as to what to expect moving forward based on what we have seen in the past several months. Inventory is starting to indicate a turn in season, typical of this time of year. But one of the biggest driving factors is the likely change to interest rates.

Home Buyers Can Expect to Save $30k or More

A highlight of this year will likely be the rising rates, expected to jump, but without the certainty of how much. The example we use is of a $300,000 home. Assuming the interest rate of 4.25%: the payment on said home would be $1,488.50 a month for a 30-year fixed rate loan. If you were to increase the loan amount by just a half percent, the payment would jump to $1,576, marking an increase of $88 per month. This may not seem very much but over time it adds up very quickly. In fact, that small percentage increase amounts to a very large extra expense of $31,680 for the life of the loan!

What this means to you is this – if you are considering buying a home or investing in a property anytime soon or even in the near future – now is definitely the time to do it. Rates are still at historic lows, and before they do get up there, we encourage exploring the market for your next property!

Call or email us today!

443-270-5093

diane@tdgomves.com

Why Hire The Diane Donnelly Group to Sell Your Home?

The Donnelly Group Testimonials

Click to hear recent
testimonials from happy clients

Joann - "It wasn’t just a piece of property for them, they understood everything that was going on for me and provided wonderful service.”

Yvonne - "She had wonderful communication and that definitely sets them apart from the rest."

Isabel - "Diane really has the magic touch! She sold our home in 16 days when we were panic stricken to get the deal through. She calmed us down and made us feel that everything was going to be okay. Hire them, you won’t regret it!"

Randy - "The Donnelly Group is very proactive and creative in terms of putting the word out about your home. They always got back to me to answer any questions I had and did what it took to get my house sold. They’re a great team and I’d highly recommend them!"

Patricia - "Having not gone through the experience in a long time, I was very impressed with how professional, helpful, and accessible the Donnelly Group was. They’d answer calls when I had concerns and always had time for me. They were incredibly patient, informative, and reassuring. I’d recommend them to anyone!"

Carrie - "We’re actually still working with the Donnelly Group. We’re still in the process of purchasing a home through them, but in the sale of our home we met with Diane and she came over to the house and helped us find comparables. She actually sold the house for more than we intended on so we’re pretty happy with the experience."

Rodney - "I was very happy with what the Donnelly Group did for me. They went above and beyond in every aspect. The put together a nice slideshow of the home, a virtual tour, and all of that stuff so those who were looking online would get a better view of the home inside and out."

Lucas - "The entire process was very positive. My Realtor really knew the ins and outs of the real estate game. The level of service I received as a first time home buyer was just fantastic. They were really able to get an idea of what we were looking for and helped us find the right place."

Michael - "We were able to sell my home in 9 days and then they also helped me navigate the purchase of my next home without any flaws. They even sent us a professional stager and a professional photographer to help us prepare the home for sale which we really appreciated. It ended up selling for the highest price in the neighborhood!"

John - "The Donnelly Group was aces from beginning to end! We were referred to her because our previous agent wasn’t performing up to her abilities. Everything was great from beginning to end and she sold our house pretty quickly! It sold in about 7 days when the other agent had it for 3-4 months. Dianne would give her advice but we didn’t have to follow it and she always kept us informed of exactly what was going on."

Nadine - "I felt very good about the whole experience. I think they were very professional and Tricia Roe would always answer my calls and if I left her a voice mail, which I don’t think I had to, she’d immediately call me back. It was the same with emails, they were just so responsive! I was just very pleased with the whole experience!"

Tracey -"We listed my daughter’s house with them, and within two weeks it had sold. The situation was that my daughter’s husband had died, so it was a very emotional and difficult time for her. At one point we had a contract written, and the family found out that her husband had died in the home. They asked for a $15,000 reduction in the sales price because of that. Diane was very respectful and professional when she told us that information, and she was very supportive of our decision not to proceed with that contract. I would recommend Diane’s group at any time. They stayed on top of everything and did an awesome job."

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Anne Arundel County, MD market update – 2013, what to expect in 2014, and how to save $30k or more

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