May 27, 2011
By Jessica Ballas
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.
