The answer is, it depends. Severna Park is always a sought after area the neighborhods are nice and schools are highly rated. The difficulty right now is there are about twice as many homes on the market as we would like to see. Some sellers are less serious than others and have their houses priced higher than market value so they are sitting and making it appear that nothing is selling, which is not the case. Is the market booming? Certainly not, but it is not bad. Prices are down from 2005 in most of Severna Park, as they are everywhere. Homes are staying on the market longer than in the past for the most part. Homes that are priced well, below others, and are staged to sell will sell quicker and for more money than the average home. A really nice, neutrally remodeled home will always find a buyer at a good price. Those that are not "staged" or updated will need to be priced accordingly. There is a lot of competition in the area. We're going into a slow time of year and if you are considering selling, you may want to take this time and work on doing any upgrades or fix-ups to get your house ready and put it on the market after Christmas. It's amazing what you can do with a small amount of money and some time. Fresh paint and flooring (or carpet) are minimum "musts" if you want top dollar. Last January was actually fairly busy as we had really nice weather and a lot of buyers came out after the holidays and were already doing their "spring" house shopping so those sellers who had their houses on the market and the houses were model home fresh, really lucked out. We were actually seeing multiple offers on the nicest homes. You may want to call an agent and have them come out and give you a comparable market analysis to give you an idea of what homes like yours are selling for. Make sure to analyze the statistics carefully and pay closer attention to "solds", rather than active listings, which will give you a much more accurate idea of the price you are likely to actually get if you were to sell. If you have a good agent, they will also be able to go around your house like a home stager would and they will tell you what all you'll need to do to have your house ready. Just putting up a sale sign doesn't work anymore in this market. The house has to look as close to a model home as possible, be priced very well and marketed aggressively, especially on the internet, in order to sell for the highest price in the shortest amount of time. I hope this helps!

It's a great time to sell now, Severna Park is impact and filled with emotional buyers.

Depends on what you have to sell. Some types of homes are a little constrained in AA County due to difficulty in getting building permits. Properly priced homes with proper marketing and representation are selling.

For the period between 4/1/2007-8/15/2007, there have been 125 properties sold in Severna Park. Please recognize that the following summary encompasses ALL residential property types: condos, townhomes and detached homes. Feel free to contact me for a more accurate representation of what your home's range of valuation is. Your actual price range will be based upon comps in your immediate area (location), as well as your home's type, amenities and condition.

Original List Price
Min $329,000
Max $4,500,000
Avg $618,005

Last List Price Before Sale
Min $299,900
Max $3,900,000
Avg $594,918

Closed Price
Min $299,900
Max $3,800,000
Avg $579,127

Hope this helps!