Market Conditions in 21122>Question Details

Alicia, Home Seller in Pasadena, MD

market conditons in Pasadena, MD

Asked by Alicia, Pasadena, MD Thu Feb 12, 2009

we were considering putting our house on the market and we were wondering how long houses were sitting in like 430,000 range in the chesepeake area

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8
Alicia, I am a successful Realtor and long time resident of Pasadena. How can you leave here? Seriously, the area has always been strong due to the value of the homes compared to surrounding areas, the strong reputation of the schools and proximity to major employers. That said, the higher price ranges are very, very slow. Right now the bargain hunters are out and $400K is no bargain. Your home needs to be immaculate and in the best condition possible to attract your buyer. You will also need an agent who will aggressively market, not just list in on the MLS and sit around waiting for a buyer. I would love to speak to you at your convenience and outline a marketing plan to get the job done. I have had a contract on a listing of mine in a very difficult neighborhood in ONE DAY! Feel free to give me a call at 410 255-7613.
0 votes Thank Flag Link Fri Sep 17, 2010
The conditions in Pasadena are improving as they are in the area of possible homes for all the incoming work force that is and will continue to move to the FT Meade/NSA area, Pasadena is one of the favorite areas for these home buyers. Home sit on the market anywhere from a few days to long months based on the condition, price and marketting done to sell a particular property. If you price your home to sell and is properly marketted, you will see results. The Realtors make recommendations based on their research of the market however owners have the final decision and pricing high and reducing as they stated before is definetely not a good strategy. 908-240-7792
0 votes Thank Flag Link Wed Mar 24, 2010
Homes are sitting 140 days provided they are priced right. What I find is people are testing the market by listing higher than market value. The house does not sell, so they drop it. Unfortunately they are trying to catch up with the market and end up dropping the price again, losing the buyers who already saw there home at the higher price. If you really want to sell your home price it right, get it ready for market, and make sure it looks great when a potential buyer walks in. I have staged homes, and helped sellers get their home ready for market. Call me if you need help or e-mail me.
Darlene DeCapite
Champion Reatly
darlenedecapite@championreatly.com
410-507-0963
0 votes Thank Flag Link Fri Jul 24, 2009
I'm a Pasadena Champion Agent; Broker. Right now Pasadena is experiencing "increased activity". If the home is in good condition and priced right; it has a good chance of selling right now. It will not sell if it's too far above the range of current sales. If you're priced at $430,000., and the most recent sales are $335,000., in your neighborhood you won't sell. It takes alot of upgrades to place a home appraisal far above the others.

Price and condition sell a home. Usually another selling concern is; do I have the equity in my home?
I provide a FREE Selling evaluation, with no obligation; if needed. Good Luck!
Web Reference: http://www.elliec.com
0 votes Thank Flag Link Sat Jul 18, 2009
Alicia,

I am a realtor who works in the Pasadena area (I actually own a home and lived in Pasadena at one time). I would be happy to sit down and discuss your situation at your convenience. You can contact me by cell at 443-336-8375. Jay Plummer, Prudential Carruthers Realtors
0 votes Thank Flag Link Mon Feb 16, 2009
Price and condition still sell. I have been showing the price range and it is amazing the difference in the conditions of homes. Be realistic. This is not a testing market. This is a market where you want to come on the market priced right and ready to move forward. Those who linger usually get a lower price in the long run. Have a Realtor come by and take a look at the house and give you an honest assessment and be willing to listen to what you need to do and where the market tells you the right price is. Good luck.
Web Reference: http://www.kimandrenie.com
0 votes Thank Flag Link Fri Feb 13, 2009
Currently in the Pasadena (21122) area there are 41 active listings between $400,000-$500,000 and the median days on the market is 136. The median days on the market for properties under contract (5) or sold (8) in the past 3 months is 77 days. The median days for properties withdrawn or expired - I call these market rejections - is 174 days. These statistics help illustrate that if a home is priced right, it will sell. Despite all the gloom and doom from the media, homes are selling if they show well, and are priced right. My Team offers a free, no obligation consultation to help you evaluate your current situation. You can contact me at TheresaDiFonzo@Remax.net if you would like our assistance or need more information.
0 votes Thank Flag Link Thu Feb 12, 2009
Hi Alicia,

Your question is a little tricky to give a blanket answer to. If you send me your address, I can do an exact search to get the most accurate info for you. The Pasadena area is going to be quite desirable in the coming years when BRAC takes place. Send me an email with your address and any other info and I will let you know the specifics. LDevnew@cbmove.com
Lisa Devnew
0 votes Thank Flag Link Thu Feb 12, 2009
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