Real Estate Market Conditions

September 2011 Piney Orchard Odenton Maryland real estate sales statistics

October 17, 2011

Below is the round up of real estate sales active for Piney Orchard located in Odenton Maryland 21113. Ten properties settled in Piney Orchard in the month of September. They included:

4 condominium homes. One traditional condo in an elevator building and three age qualified units located in the Cedar Ridge subdivision. The prices ranged from $202,000 to $240,000 with an average closing help of $3,500 and average days on market of 216. The condo market in Piney Orchard has been very slow since Summer due to high supply.

6 town homes priced between $267,000 and $355,000 with an average closing help of $5,800 and average days on market of 72. This was slightly skewed by the entry of one home that was sold off market and was listed as 0 days on the market. It would be closer to 85 days without that one.

0 Single family homes

Shorts sales: None

Foreclosures sales: None

Overall combined stats are as follows:

Days on market: 166

List price to sale price: 92%

Average sales price: $286,445

Piney Orchard Odenton MD real estate statistics for January 2011

July 6, 2011

There were 7 properties total sold in the community of Piney Orchard this month including

1 luxury 55+ garage townhome with almost 3,500 s.f. of living area. This home was a relocation property and sold at a deep discounted $350,000 with $5,000 in closing. This is not a true representative sampling of the market value on this type of home.

3 traditional townhomes priced from $260,000 to $265,000

2 "3-up" townhomes one with garage priced between $352,000 and $365,000.

1 Condminium sold at $221,400

All but one sale included closing cost assistance.

January 2011 Odenton sales report including Piney Orchard

Piney Orchard in Odenton MD Real Estate Update a Decade in review

May 27, 2011

January 2011

2010 end of year stats are in and are telling an interesting story about how Piney Orchard fared the real estate crisis. Of course with the amenities offered this is always going to be a popular choice for Fort Meade commuters but just how popular is becoming clear with our numbers.

As it stands now Piney Orchard and Odenton real estate in general (with the exception of Seven Oaks) are almost level in the supply and demand category. This Winter brought us some amazing sales volumes and that will be putting a dent in our inventory.

These statistics speak to the demand aspect of the market. You can see that even in Piney Orchard, one of Anne Arundel Counties’ most popular home buying destinations, the demand is down over previous years. But it is not bad. There are roughly 2,500 homes in Piney Orchard and at the peak of the market we were seeing a 10% turnover each year. We are now back to a more normal and healthy turnover. Below are the sales figures for Piney Orchard by year since 2000.

141 sales in 2010
147 sales in 2009
174 sales in 2008
222 sales in 2007
268 sales in 2006
331 sales in 2005
359 sales in 2004
309 sales in 2003
250 sales in 2002
212 sales in 2001
127 sales in 2000

Piney Orchard is now showing itself to be one of the counties' best areas for signs of stabilization. Foreclosure and short sale inventory is lower than many surrounding areas which will help a bit with pricing. So if you are looking to invest in Odenton real estate Pine Orchard remains a top choice.

2010 Year end statistics for Odenton and Piney Orchard MD Real Estate

May 27, 2011

If you are a current home owner in Piney Orchard Odenton MD or are considering purchasing or renting a home here no doubt you will want to see how this neighborhood stacked up on sales in 2010. It certainly was an interesting year in real estate and those stats are posted below.

There were 141 homes sold in Piney Orchard in 2010 including 90 townhomes, 3 villas, 5 single family detached homes and 43 condominiums. Total sales volumes were down very slightly from last years' 147 sales and down dramatically from the peak of the market in 2004 when there were 359 sales in Piney Orchard.

Average home sale prices and days on market broke down as follows
$498,980 for single family homes with an aerage of 87 days on the market
$446,597 for villa homes with an average of 50 days on the market
$329,933 for Piney Orchard townhomes with 93 days on the market *
$234,205 for condominiums in Piney Orchard with an average of 85 days on the market

The Roskelly Team specializes in Piney Orchard real estate. It is one of the most requested neighborhoods for Fort Meade, BRAC and NSA relocation clients and remains a popular choice in real estate because of all the great community amenities and it's proximity to Fort Meade and major commuting routes to both Baltimore and Washington DC.

* includes all style townhomes and back-to-back units

Jessica Ballas, Realtor &
Accredited Home Staging Professional