Prince George’s County Real Estate Market Report - August 2013

Sales prices on homes sold in Prince Georges County, MD still continue to see slight increases each month. With prices and mortgage interest rates on the rise NOW is a good time start strongly considering purchasing a home if you have been on the fence.  There are still some great deals on homes for Sale in Prince George’s County and there are a good number of homes that you can own for less than what you’re currently paying in rent. Having a good agent to guide you through this process is essential to helping you find the best deal. 
When hiring an agent to help you buy or sell a home you need to look for someone who knows and studies the current market trends, who is knowledgeable and has strong negotiation skills.  There are many real estate agents who service Prince George’s County but not every agent is the same and choosing the wrong one could cost you thousands of dollars.

 

Prince George’s County, MD Real Estate Market Snapshot

In August 2013 the total sold dollar volume was $157,652,508, up 16.59% from this time last year.  There were a total of 709 residential properties sold in August and of those sold, 105 (14.8%) were foreclosures and 178 (25.11%) were short sales (pre-foreclosures).  Although bank-mediated properties still represent a large portion of the sales, foreclosure sales declined by 29% and short sales were down 15% from August 2012.

Inventory

 

There were 1730 active listings in August 2013.  The number of homes for sale increased by 4% since last month and declined by 19.72% since the same month last year.  Of the properties for sale 105 (8.9%) are foreclosures and 371 (21.45%) are short sales.

 

Median Sold Price

 

The prices of homes sold continues to increase with the median sales price at $209,000, up 1% from July.  Since August 2012 we have seen a 19.43% increase prices in Prince George’s County.

 

Median Days on Market

The median number of days active listings were on the market was 20. This is a 10% increase in days since July and a 47% decline since July 2012. 

 

List Price vs. Sold Price

Homes were sold at 97.79% of list price in August.  This is down from 98.34% in July and up from 94.51% in August 2012.

 

To find out what your home is worth visit my website to request a FREE Market Analysis.  You can also sign up for a monthly Market Insider Report to veiw information on market activity in your area, community/school information and more!

Looking for a home in Prince George's County?  Complete the form below to start your search.

New Community in Capitol Heighs - The Park at Addison Metro

New Community in Capitol Heights, MD – The Park at Addison Metro

The Park at Addison Metro by Ryan Homes in Capital Heights, MD includes 169 townhomes and 27 single family residences on 31.7 acres of land.  Base prices start in the $270’s before options and upgrades.
The Park at Addison Metro is located less than a mile from the D.C. line, and the Addison Metro station is less than a 10 minute walk away.  The Park at Addison Metro is close to the Beltway and is a quick commute to Downtown D.C., Annapolis, Baltimore, and more. The community is not far from FedEx Field, Boulevard at Cap Centre, and the National Harbor.

 What’s Does the Community Offer?

There are currently three models available for sale in this community.  Every home is Energy Star® certified and offers a 10-year structural warranty, a low-maintenance 200 square foot deck, 2-car garage, and wide streets and no assigned parking which means no stress in finding additional parking spaces for residents or their guests! 

The Inglewood Townhome Model features

• 3+bedrooms
• 2.5 baths
• Up to 2,100 square feet of living space 
• Base price starting in the $270's

The Misthaven Single-Family Model features

• 4+ bedrooms
• 2+ bathrooms
• Up to 2,800 square feet of living space
• Base Price Starting in the upper $340's

The Stanhope Single Family Model features

• 4+ bedrooms
• 2+ bathrooms
• Up to 2,500 square feet of living space
• Base Price starting in the lower $360's

 

What’s Going on Near The Park at Addison Metro?

The Park at Addison Metro is located less than a mile from the D.C. line with less than a 10 minute walk to the Addison Metro station.  The Park at Addison Metro is close to the Beltway and is a quick commute to Downtown D.C., Annapolis, Baltimore, and more. The community is not far from FedEx Field, Boulevard at Cap Centre, and the National Harbor.

What Schools will the kids attend?

There are a number of schools that are attended by students in the Capitol Heights area.  To get local school scores and more information about the schools view the Capitol Heights school reports on my website.

 Looking for a New Home?

If you are interested in getting more information about homes for sale at The Park at Addison Metro or other new construction homes for sale in Capitol Heights click the link to contact me.

 Looking to Sell Your Current Home?

To find out what your current home is worth visit my website to request a FREE Market Analysis  of your home.  You can also sign up for monthly Market Insider Report to view information on market activity in your area, community and school information and more!

 

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Prince George's County Public School Calendar 2013-14

Prince Georges County Public School Calendar 2013-14

August 19, 2013                               First Day of School for Students
September 2, 2013                          Holiday – Labor Day
September 5, 2013                          Holiday – Rosh Hashanah –Schools Closed – All Offices Open September 27, 2013                        Professional Development – Schools Closed for Students
October 10, 2013                             First Quarter Progress Reports Released
October 18, 2013                             MSEA Convention – Schools Closed for Students and Teachers
October 25                                        End of First Quarter
October 28, 2013                             Grading/Teacher Planning – Schools Closed for Students
November 7, 2013                           First Quarter Report Cards Released
November 11, 2013                         Parent-Teacher Conferences – Schools Closed for Students 
November 27 - 29, 2013                 Thanksgiving Break – Schools Closed
December 19, 2013                         Second Quarter Progress Reports Released
December 23, 2013                         Winter Break Begins – Schools and Offices Closed
January 2, 2014                                Winter Break Ends – Schools and Offices Open 
January 16, 2014                              End of Second Quarter
January 17, 2014                              Grading/Teacher Planning – Schools Closed for Students
January 20, 2014                              Holiday – Martin L. King, Jr. Day
January 31, 2014                              Second Quarter Report Cards Released
February 5, 2014                              Professional Dev. – Schools Closed 1/2 Day for Students
February 14, 2014                            Teacher Planning – Schools Closed for Students 
February 17, 2014                            Holiday – Presidents’ Day
March 10, 2014                                 Third Quarter Progress Reports Released
March 27, 2014                                 End of Third Quarter
March 28, 2014                                 Grading/Teacher Planning – Schools Closed for Students
April 10, 2014                                    Third Quarter Report Cards Released
April 14-21, 2014                              Spring Break – Schools Closed for Students and Teachers
May 16, 2014                                     Fourth Quarter Progress Reports Released
May 26, 2014                                     Holiday – Memorial Day
June 5, 2014                                       Last Day for Students (1/2 day ) – End of Fourth Quarter
June 6, 2014                                       Last Day for Teachers
June  6-11, 2014                                Inclement Weather Make-Up Days
June 14, 2014                                     Fourth Quarter Report Cards Released

 

Search for Homes in PG County, MD

Contact me for a FREE Home Buying Consultation today!

 

Visit my website to sign up for Monthly Insider Reports to view information on market activity in your area, community and school information and more!  

 

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