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	<title>The Bay Homes Annapolis, MD Real Estate Blog</title>
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		<title>The Bay Homes Annapolis, MD Real Estate Blog</title>
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		<title>Understanding Septic System Inspections</title>
		<link>http://thebayhomes.wordpress.com/2011/11/11/understanding-septic-system-inspections/</link>
		<comments>http://thebayhomes.wordpress.com/2011/11/11/understanding-septic-system-inspections/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 04:01:00 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[no category]]></category>
		<category><![CDATA[buyers]]></category>
		<category><![CDATA[buying]]></category>
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		<category><![CDATA[inspections]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[septic system]]></category>

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		<description><![CDATA[Daniel Brumsted of Environmental Testing Lab, Inc. in Annapolis, MD gives an explanation of what to expect when inspecting a septic system when buying a home. Homeowners are advised to have their septic tanks pumped every two years to ensure a properly operating system and to head off potential costly repairs. When buying always ask [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=504&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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<p>Daniel Brumsted of Environmental Testing Lab, Inc. in Annapolis, MD gives an explanation of what to expect when inspecting a septic system when buying a home. Homeowners are advised to have their septic tanks pumped every two years to ensure a properly operating system and to head off potential costly repairs. When buying always ask the seller for their septic system records.</p>
<p>Charles Kraus, Associate Broker – Coldwell Banker Residential Brokerage – Annapolis, MD – (443) 822-0700</p>
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		<title>Selling Your Home &#8211; Inspection Concerns</title>
		<link>http://thebayhomes.wordpress.com/2011/10/26/selling-your-home-inspection-concerns/</link>
		<comments>http://thebayhomes.wordpress.com/2011/10/26/selling-your-home-inspection-concerns/#comments</comments>
		<pubDate>Wed, 26 Oct 2011 02:04:48 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[no category]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[selling]]></category>
		<category><![CDATA[buried oil tank]]></category>
		<category><![CDATA[home inspection]]></category>
		<category><![CDATA[selling your home]]></category>
		<category><![CDATA[UST]]></category>

		<guid isPermaLink="false">https://thebayhomes.wordpress.com/2011/10/26/selling-your-home-inspection-concerns/</guid>
		<description><![CDATA[When you are selling your home, one of the problems that can occur when the buyer has a home inspection performed, involves underground storage tanks. Occasionally, we run into an underground storage tank (UST) and sometimes they are used for gasoline, but most often they are used for heating oil. Underground tanks are subject to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=501&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>When you are selling your home, one of the problems that can occur when the buyer has a home inspection performed, involves underground storage tanks. Occasionally, we run into an underground storage tank (UST) and sometimes they are used for gasoline, but most often they are used for heating oil.</p>
<p>Underground tanks are subject to moisture and rusting can lead to leaks due to failure of the integrity of the tank. Leaking gasoline and heating oil can contaminate ground water, so they are an environmental concern. Most states have regulations regarding these underground storage tanks, so check with your state <em>and</em> local jurisdiction to see what the regulations are for removal or abandonment.  According to <a href="http://www.mde.maryland.gov/programs/land/oilcontrol/undergroundstoragetanks/pages/programs/landprograms/oil_control/usthome/index.aspx" target="_blank">Maryland’s Department of the Environment</a>, they recommend tanks that are 25 years old or more be replaced with above ground tanks.</p>
<p><a href="http://thebayhomes.files.wordpress.com/2011/10/ustphoto.jpg" target="_blank"><img class="alignleft" style="display:inline;border-color:initial;border-style:initial;border-width:0;margin:2px;" title="UST photo" src="http://thebayhomes.files.wordpress.com/2011/10/ustphoto_thumb.jpg?w=124&#038;h=95" alt="UST photo" width="124" height="95" border="0" /></a>If a property is found to have an underground storage tank one way of testing the tank’s integrity and its associated piping, is to have a professional contractor who specializes in UST’s to perform a pressure test to determine if the tank is leaking. Additionally, a soil test around the area of the tank may be performed to determine if there has been any contamination. If it has been disclosed to the buyer that the property has a UST, a potential buyer will have to make a personal decision based on the information at hand, to consider making the removal and replacement of the UST with an above ground tank a condition of the contract or excepting the existing buried oil tank.</p>
<p>A careful inspection should be made to determine if an abandoned UST exists. Occasionally a situation occurs where sometime in the past, a UST will be replaced with an above ground tank or the HVAC system will be changed to an alternative fuel and in either case the old UST will be abandoned in place. Sometimes the current seller may not even be aware of this. These abandoned tanks can be problematic, especially if heating oil was left in the tank. Even if there is no oil in the tank, it may be advisable to remove the abandoned tank. Old tanks may be found to be abandoned in place by removing all oil and filling the tank with cement, sand or a slurry mixture. If in the time since abandonment took place the integrity of the tank failed and heating oil (or gasoline) has leaked into the soil, a regulated removal and environmental clean up will most likely be necessary. The clean up will often require removal of all contaminated soil from the site and disposal of the soil as required by the state and or local government.</p>
<p>We hope that this raises awareness of the problems that can occur when an underground storage tank exists. The information presented here is by no means the entirety of the subject or complete in scope and should be construed as a limited presentation involving USTs. Always consult with a professional in the field and also with your state and local government.</p>
<p>Note: The United States Environmental Protection Agency (<a href="http://www.epa.gov/oust/faqs/ustdefn.htm" target="_blank">EPA</a>) does not regulate residential underground oil tanks.</p>
<p><a title="Strategies For Selling Your Home" href="http://www.showmehowvideos.com/selling-your-home-strategies-p-44.html" target="_blank"><img class="alignleft" style="display:inline;border-color:initial;border-style:initial;border-width:0;margin:2px;" title="Strategies For Selling Your Home" src="http://thebayhomes.files.wordpress.com/2011/10/strategiesforsellingyourhome_halfsize.jpg?w=110&#038;h=131" alt="Strategies For Selling Your Home" width="110" height="131" border="0" /></a> If you are selling your home and would like to learn more about other tips and concerns, the DVD <a href="http://www.charleskraus.com" target="_blank"><em>Strategies for Selling Your Home</em></a> is available online at <em><span style="text-decoration:underline;"><strong><a href="http://www.showmehowvideos.com/selling-your-home-strategies-p-44.html" target="_blank">ShowMeHowVideos.com</a></strong></span></em></p>
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		<title>Hillsmere Shores Subdivision in Annapolis, MD</title>
		<link>http://thebayhomes.wordpress.com/2011/10/06/hillsmere-shores-subdivision-in-annapolis-md/</link>
		<comments>http://thebayhomes.wordpress.com/2011/10/06/hillsmere-shores-subdivision-in-annapolis-md/#comments</comments>
		<pubDate>Thu, 06 Oct 2011 03:36:40 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis]]></category>
		<category><![CDATA[Annapolis, MD real estate]]></category>
		<category><![CDATA[Anne Arundel County real estate]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[Chesapeake Bay area real estate]]></category>
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		<category><![CDATA[Annapolis MD real estate]]></category>
		<category><![CDATA[charles kraus]]></category>
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		<category><![CDATA[Hillsmere Estates]]></category>
		<category><![CDATA[Hillsmere Shores]]></category>
		<category><![CDATA[homes for sale]]></category>
		<category><![CDATA[Realtor]]></category>

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		<description><![CDATA[Hillsmere Shores also known as Hillsmere Estates is a water privileged community in Annapolis, MD featuring a beach, boat ramp, marina and community pool and it is situated next to Quiet Waters Park, less than 5 miles from downtown Historic Annapolis. Hillsmere Shores Demographics Current Available Homes for Sale in Hillsmere Shores<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=497&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.hillsmereshores.net/" target="_blank">Hillsmere Shores</a> also known as <a href="http://www.hillsmereshores.net/" target="_blank">Hillsmere Estates</a> is a water privileged community in <a href="http://www.ci.annapolis.md.us/Home.aspx" target="_blank">Annapolis, MD</a> featuring a beach, boat ramp, marina and community pool and it is situated next to <a href="http://www.aacounty.org/RecParks/parks/quietwaters/" target="_blank">Quiet Waters Park</a>, less than 5 miles from downtown <a href="http://www.visit-annapolis.org/" target="_blank">Historic Annapolis</a>.     <br /><a title="Hillsmere Shores Demographics" href="http://en.wikipedia.org/wiki/Hillsmere_Shores,_Maryland" target="_blank"><strong>       <br />Hillsmere Shores Demographics</strong></a></p>
<p><a href="http://franklymls.com/default.aspx?m=R&amp;l=0&amp;h=ALL&amp;s=Active+(21403)+hillsmere+estates&amp;addy1=main%20street,%20Annapolis,%20md&amp;a=charles" target="_blank"><strong>Current Available Homes for Sale in Hillsmere Shores</strong></a></p>
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		<title>VA Funding Fees Going Up October 1st, 2011 (Postponed Until 09/17/2011)</title>
		<link>http://thebayhomes.wordpress.com/2011/09/26/va-funding-fees-going-up-october-1st-2011/</link>
		<comments>http://thebayhomes.wordpress.com/2011/09/26/va-funding-fees-going-up-october-1st-2011/#comments</comments>
		<pubDate>Mon, 26 Sep 2011 21:02:03 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis, MD real estate]]></category>
		<category><![CDATA[Chesapeake Bay area real estate]]></category>
		<category><![CDATA[homebuyers]]></category>
		<category><![CDATA[Maryland real estate]]></category>
		<category><![CDATA[Maryland&#039;s Eastern Shore real estate]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Funding Fees]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[VA]]></category>

		<guid isPermaLink="false">https://thebayhomes.wordpress.com/2011/09/26/va-funding-fees-going-up-october-1st-2011/</guid>
		<description><![CDATA[UPDATE: Gov&#8217;t postpones raising the Funding Fees Until November 17, 2011. VA Funding Fees for loans closed on or after October 1, 2011 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1st-time User Previous User Down payment Guard/Reserve Veterans Guard/Reserve Veterans Less Than 5% 1.40 1.65 2.80 2.80 5% Less Than 10% 0.75 1.00 0.75 1.00 10% or More Down 0.50 0.75 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=494&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>UPDATE: Gov&#8217;t postpones raising the Funding Fees Until November 17, 2011.</p>
<p>VA Funding Fees for loans closed on or after October 1, 2011    <br />&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p>
<table border="12" cellspacing="1" cellpadding="1" width="463">
<tbody>
<tr>
<td valign="top" width="119"><font size="1"></font></td>
<td valign="top" width="71"><font size="1">1st-time User</font></td>
<td valign="top" width="63"><font size="1"></font></td>
<td valign="top" width="121"><font size="1">Previous User</font></td>
<td valign="top" width="69"><font size="1"></font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">Down payment</font></td>
<td valign="top" width="71"><font size="1">Guard/Reserve</font></td>
<td valign="top" width="63"><font size="1">Veterans</font></td>
<td valign="top" width="121"><font size="1">Guard/Reserve</font></td>
<td valign="top" width="69"><font size="1">Veterans</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">Less Than 5% </font></td>
<td valign="top" width="71"><font size="1">1.40</font></td>
<td valign="top" width="63"><font size="1">1.65</font></td>
<td valign="top" width="121"><font size="1">2.80</font></td>
<td valign="top" width="69"><font size="1">2.80</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">5% Less Than 10%</font></td>
<td valign="top" width="71"><font size="1">0.75</font></td>
<td valign="top" width="63"><font size="1">1.00</font></td>
<td valign="top" width="121"><font size="1">0.75</font></td>
<td valign="top" width="69"><font size="1">1.00</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">10% or More Down</font></td>
<td valign="top" width="71"><font size="1">0.50</font></td>
<td valign="top" width="63"><font size="1">0.75</font></td>
<td valign="top" width="121"><font size="1">0.50</font></td>
<td valign="top" width="69"><font size="1">0.75</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">VA to VA Rate Reduction            <br /></font></td>
<td valign="top" width="71"><font size="1">0.50</font></td>
<td valign="top" width="63"><font size="1">0.50</font></td>
<td valign="top" width="121"><font size="1">0.50</font></td>
<td valign="top" width="69"><font size="1">0.50</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">Cash Out Refinance*            <br /></font></td>
<td valign="top" width="71"><font size="1">1.40</font></td>
<td valign="top" width="63"><font size="1">1.65</font></td>
<td valign="top" width="121"><font size="1">2.80</font></td>
<td valign="top" width="69"><font size="1">2.80</font></td>
</tr>
<tr>
<td valign="top" width="119"><font size="1">VA Assumptions</font></td>
<td valign="top" width="71"><font size="1">0.50</font></td>
<td valign="top" width="63"><font size="1">0.50</font></td>
<td valign="top" width="121"><font size="1">0.50</font></td>
<td valign="top" width="69"><font size="1">0.50</font></td>
</tr>
</tbody>
</table>
<p><font size="1">&#160; * includes Non_VA to VA Refinance&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
<p><font size="1">Fee Schedule courtesy of Carolie Noyes, Mortgage Advisor, PHH/Coldwell Banker Home Loans (410) 533-6117&#160;&#160;&#160; email Carolie at </font><a href="mailto:carolie.noyes@mortgagefamily.com"><font size="1">carolie.noyes@mortgagefamily.com</font></a></p>
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		<title>Baltimore Metro July 2011 Real Estate Statistics</title>
		<link>http://thebayhomes.wordpress.com/2011/08/15/baltimore-metro-july-2011-real-estate-statistics/</link>
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		<pubDate>Mon, 15 Aug 2011 17:13:42 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis, MD real estate]]></category>
		<category><![CDATA[Anne Arundel County real estate]]></category>
		<category><![CDATA[Chesapeake Bay area real estate]]></category>
		<category><![CDATA[Housing prices]]></category>
		<category><![CDATA[Maryland real estate]]></category>
		<category><![CDATA[Maryland&#039;s Eastern Shore real estate]]></category>
		<category><![CDATA[Queen Anne&#039;s County real estate]]></category>
		<category><![CDATA[Annapolis MD real estate]]></category>
		<category><![CDATA[Eastern shore real estate]]></category>
		<category><![CDATA[real estate]]></category>

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		<description><![CDATA[The July 2011 real estate sales statistics have been released by MRIS and RBI. The Baltimore Metro area includes Anne Arundel, Baltimore, Carroll, Harford and Howard counties and Baltimore city. &#160;Baltimore Metro July 2011 Sales Statistics Statistic Volume Year over Year Month over Month Total Sold Dollar $606,817,429 + 6.66% - 7.68% Closed Sales Units [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=493&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<h4><font size="2" face="Arial">The July 2011 real estate sales statistics have been released by MRIS and RBI. The Baltimore Metro area includes Anne Arundel, Baltimore, Carroll, Harford and Howard counties and Baltimore city.</font></h4>
<h4><a href="http://thebayhomes.files.wordpress.com/2011/08/manrealtorinfrontofhouse3.jpg"></a>&#160;<font size="2" face="Arial Black">Baltimore Metro July 2011 Sales Statistics</font></h4>
<table border="12" cellspacing="1" cellpadding="1" width="480">
<tbody>
<tr>
<td valign="top" width="144"><font size="2" face="Arial Narrow">Statistic</font></td>
<td valign="top" width="136"><font size="2" face="Arial Narrow">Volume</font></td>
<td valign="top" width="94"><font size="2" face="Arial Narrow">Year over Year</font></td>
<td valign="top" width="77"><font size="2" face="Arial Narrow">Month over Month</font></td>
</tr>
<tr>
<td valign="top" width="143"><font size="2" face="Arial Narrow">Total Sold Dollar</font></td>
<td valign="top" width="135"><font size="2" face="Arial Narrow">$606,817,429</font></td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">+ 6.66%</font></td>
<td valign="top" width="78"><font size="2" face="Arial Narrow">- 7.68%</font></td>
</tr>
<tr>
<td valign="top" width="142"><font size="2" face="Arial Narrow">Closed Sales Units</font></td>
<td valign="top" width="135"><font size="2" face="Arial Narrow">2,176</font></td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">+12.45%</font></td>
<td valign="top" width="79"><font size="2" face="Arial Narrow">- 8.11%</font></td>
</tr>
<tr>
<td valign="top" width="142"><font size="2" face="Arial Narrow">Median Sold Price</font></td>
<td valign="top" width="134"><font size="2" face="Arial Narrow">$225,000</font></td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">-10.00%</font></td>
<td valign="top" width="80"><font size="2" face="Arial Narrow">- 4.46%</font></td>
</tr>
<tr>
<td valign="top" width="142"><font size="2" face="Arial Narrow">AVG Sold Price</font></td>
<td valign="top" width="134"><font size="2" face="Arial Narrow">$278,868</font></td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">- 5.15%</font></td>
<td valign="top" width="81"><font size="2" face="Arial Narrow">+&#160; .46%</font></td>
</tr>
<tr>
<td valign="top" width="141"><font size="2" face="Arial Narrow">AVG Days on Market </font></td>
<td valign="top" width="134"><font size="2" face="Arial Narrow">114 days</font></td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">+17.53%</font></td>
<td valign="top" width="81"><font size="2" face="Arial Narrow">+ 1.79%</font></td>
</tr>
<tr>
<td valign="top" width="141"><font size="2" face="Arial Narrow">AVG Sold to Orig List Price</font></td>
<td valign="top" width="135">
<p style="margin-right:0;" dir="ltr"><font size="2" face="Arial Narrow">88.58%</font></p>
</td>
<td valign="top" width="95"><font size="2" face="Arial Narrow">- 2.31%</font></td>
<td valign="top" width="82"><font size="2" face="Arial Narrow">- 1.12%</font></td>
</tr>
</tbody>
</table>
<p><font size="2" face="Arial Black">Anne Arundel County July 2011 Sales Statistics</font></p>
<table border="12" cellspacing="1" cellpadding="1" width="479">
<tbody>
<tr>
<td valign="top" width="134"><font size="2" face="Arial Narrow">Statistic</font></td>
<td valign="top" width="117"><font size="2" face="Arial Narrow">Volume</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">Year over Year</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">Month over Month</font></td>
</tr>
<tr>
<td valign="top" width="134"><font size="2" face="Arial Narrow">Total Sold Dollar</font></td>
<td valign="top" width="118"><font size="2" face="Arial Narrow">$167,587,360</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">+ 1.58%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">- 8.86%</font></td>
</tr>
<tr>
<td valign="top" width="133"><font size="2" face="Arial Narrow">Closed Sales Units</font></td>
<td valign="top" width="119"><font size="2" face="Arial Narrow">447</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">+ 5.92%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">-17.07%</font></td>
</tr>
<tr>
<td valign="top" width="133"><font size="2" face="Arial Narrow">Median Sold Price</font></td>
<td valign="top" width="119"><font size="2" face="Arial Narrow">$290,000</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">-12.09%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">+2.84%</font></td>
</tr>
<tr>
<td valign="top" width="133"><font size="2" face="Arial Narrow">AVG Sold Price</font></td>
<td valign="top" width="119"><font size="2" face="Arial Narrow">$374,916</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">- 4.10%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">+ 9.89%</font></td>
</tr>
<tr>
<td valign="top" width="133"><font size="2" face="Arial Narrow">AVG Days on Market </font></td>
<td valign="top" width="119"><font size="2" face="Arial Narrow">115 days</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">+ 9.52%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">+ 2.68%</font></td>
</tr>
<tr>
<td valign="top" width="133"><font size="2" face="Arial Narrow">AVG Sold to Orig List Price</font></td>
<td valign="top" width="120"><font size="2" face="Arial Narrow">90.47%</font></td>
<td valign="top" width="103"><font size="2" face="Arial Narrow">- 1.57%</font></td>
<td valign="top" width="96"><font size="2" face="Arial Narrow">- 1.11%</font></td>
</tr>
</tbody>
</table>
<p><font size="2" face="Arial Black">Eastern Shore Metro July 2011 Sales Statistics – includes Caroline, Cecil, Dorchester, Kent, Queen Anne’s &amp; Talbot counties</font></p>
<table border="12" cellspacing="1" cellpadding="1" width="480">
<tbody>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Statistic</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">Volume</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Year over Year</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Month over Month</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Total Dollar Sold</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">$53,097,088</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">–8.48%</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">-17.62%</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Closed Sales Units</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">200</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">+ 3.63%</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">-15.25%</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">Median Sold Price</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">$192,500</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">-15.94%</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">- 3.75%</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">AVG Sold Price</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">$265,485</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">-11.69%</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">- 2.79%</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">AVG Days on Market</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">166 days</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">- 0.60%</font></td>
<td valign="top" width="112"><font size="2" face="Arial Narrow">-18.63%</font></td>
</tr>
<tr>
<td valign="top" width="112"><font size="2" face="Arial Narrow">AVG Sold to Orig List Price</font></td>
<td valign="top" width="117"><font size="2" face="Arial Narrow">87.12%</font></td>
<td valign="top" width="115"><font size="2" face="Arial Narrow">- 1.22%</font></td>
<td valign="top" width="116"><font size="2" face="Arial Narrow">+3.84%</font></td>
</tr>
</tbody>
</table>
<p><font size="2" face="Arial Narrow">On average for the areas shown, Average Sold Price to Original List Price shows that properties are selling for 9.53% to 12.88% off the seller’s original list or asking price. Real estate is local and these statistics may not represent those in your area or subdivision. Contact us or your real estate agent to find our what the statistics are for you area or subdivision. </font></p>
<p><font size="2" face="Arial Narrow">For more information, please contact &#8211; Charles Kraus, Associate Broker      <br />Coldwell Banker Residential Brokerage Annapolis, MD (O): (410) 919-2642       <br /></font></p>
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		<title>Pre-Inspecting Your Home Before Selling</title>
		<link>http://thebayhomes.wordpress.com/2011/08/12/pre-inspecting-your-home-before-selling/</link>
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		<pubDate>Fri, 12 Aug 2011 16:59:05 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
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		<title>Interest Rates Improve</title>
		<link>http://thebayhomes.wordpress.com/2011/08/05/interest-rates-improve/</link>
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		<pubDate>Fri, 05 Aug 2011 03:23:02 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis]]></category>
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		<guid isPermaLink="false">https://thebayhomes.wordpress.com/2011/08/05/interest-rates-improve/</guid>
		<description><![CDATA[As money flees Wall Street in search of a safe haven, bonds are a beneficiary and that means interest rates are improving for mortgages. Contact your lender today to see if improving rates may help your situation. Charles Kraus, Associate Broker Coldwell Banker Residential Brokerage Annapolis, MD<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=488&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>As money flees Wall Street in search of a safe haven, bonds are a beneficiary and that means interest rates are improving for mortgages. Contact your lender today to see if improving rates may help your situation.</strong></p>
<p>Charles Kraus, Associate Broker    <br />Coldwell Banker Residential Brokerage     <br />Annapolis, MD</p>
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		<title>Anne Arundel County Real Estate Inventory by the Numbers</title>
		<link>http://thebayhomes.wordpress.com/2011/07/05/anne-arundel-county-real-estate-inventory-by-the-numbers/</link>
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		<pubDate>Tue, 05 Jul 2011 16:46:02 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis]]></category>
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		<guid isPermaLink="false">https://thebayhomes.wordpress.com/2011/07/05/anne-arundel-county-real-estate-inventory-by-the-numbers/</guid>
		<description><![CDATA[Here is an interesting look at the homes available for sale in Anne Arundel County shown in table format displaying the number of homes for sale by price range. These numbers were accumulated just before the 4th of July 2011 Holiday. &#160; Price Range Number of Homes For Sale under $99,999 43* $100,000 – 299,999 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=487&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Here is an interesting look at the homes available for sale in Anne Arundel County shown in table format displaying the number of homes for sale by price range. These numbers were accumulated just before the 4th of July 2011 Holiday. </p>
<p align="center">&#160;</p>
<div align="center">
<table border="12" cellspacing="1" cellpadding="1" width="400" align="center">
<tbody>
<tr>
<td valign="top" width="264">Price Range</td>
<td valign="top" width="109">Number of Homes For Sale</td>
</tr>
<tr>
<td valign="top" width="262">under $99,999</td>
<td valign="top" width="111">43*</td>
</tr>
<tr>
<td valign="top" width="261">$100,000 – 299,999</td>
<td valign="top" width="112">418</td>
</tr>
<tr>
<td valign="top" width="260">$300,000 – 399,999</td>
<td valign="top" width="113">606</td>
</tr>
<tr>
<td valign="top" width="259">$400,000 – 499,999</td>
<td valign="top" width="114">445</td>
</tr>
<tr>
<td valign="top" width="259">$500,000 – 599,999</td>
<td valign="top" width="114">293</td>
</tr>
<tr>
<td valign="top" width="259">$600,000 – 699,999</td>
<td valign="top" width="114">203</td>
</tr>
<tr>
<td valign="top" width="259">$700,000 – 799,999</td>
<td valign="top" width="114">145</td>
</tr>
<tr>
<td valign="top" width="259">$800,000 – 899,999</td>
<td valign="top" width="114">92</td>
</tr>
<tr>
<td valign="top" width="259">$900,000 – 999,999</td>
<td valign="top" width="114">72</td>
</tr>
<tr>
<td valign="top" width="259">$1,000,000 – 1,249,999</td>
<td valign="top" width="114">72</td>
</tr>
<tr>
<td valign="top" width="259">$1,250,000 – 1,499,999</td>
<td valign="top" width="114">67</td>
</tr>
<tr>
<td valign="top" width="259">$1,500,000 – 1,999,999</td>
<td valign="top" width="114">63</td>
</tr>
<tr>
<td valign="top" width="259">$2,000,000 – 2,999,999</td>
<td valign="top" width="114">52</td>
</tr>
<tr>
<td valign="top" width="259">$3,000,000 – 3,999,999</td>
<td valign="top" width="114">18</td>
</tr>
<tr>
<td valign="top" width="259">4,000,000 – 5,999,999</td>
<td valign="top" width="114">7</td>
</tr>
<tr>
<td valign="top" width="259">$6,000,000 + </td>
<td valign="top" width="114">4</td>
</tr>
<tr>
<td valign="top" width="259">*Does not include listed mobile homes</td>
<td valign="top" width="115">&#160;</td>
</tr>
</tbody>
</table></div>
<p align="center">&#160;</p>
<p align="left">The average days on market for homes for sale according to the last available report of May 2011 for Anne Arundel County is 109 according to <em>Real Estate Business Intelligence</em> statistics. Also, the same report shows nine months of inventory available, which is calculated by dividing the number of homes available for sale by the number of homes sold in that month. </p>
<p align="left">It is interesting to note that most expensive home for sale in Maryland according to the Metropolitan Regional Information System <a href="http://www.mris.com/" target="_blank">(MRIS)</a> is located in Dorchester County and as of the date of this post, was listed for $30 Million Dollars. You can see it on <a href="http://www.homesdatabase.com/home-listings-DECOURSEY+NECK-CAMBRIDGE-MD-MRIS-DO7443323" target="_blank">Homes Data Base</a>.    </p>
<p align="center"><a href="http://www.thebayhomes.com/?page_id=142" target="_blank"><img style="border-bottom:0;border-left:0;display:inline;margin-left:0;border-top:0;margin-right:0;border-right:0;" title="Strategies For Selling your Home_2" border="0" alt="Strategies For Selling your Home_2" align="left" src="http://thebayhomes.files.wordpress.com/2011/07/strategiesforsellingyourhome_2.jpg?w=112&#038;h=132" width="112" height="132" /></a></p>
<p> <img style="display:block;float:none;margin-left:auto;margin-right:auto;border-width:0;" title="CKlogo CBlogo_350X100" border="0" alt="CKlogo CBlogo_350X100" src="http://thebayhomes.files.wordpress.com/2011/07/cklogocblogo_350x100_thumb.jpg?w=244&#038;h=73" width="244" height="73" />
<p align="center">&#160; Charles Kraus, Associate Broker – Coldwell Banker Residential Brokerage – Annapolis, MD (O) 410 919-2642</p>
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		<title>Anne Arundel County Sales Through the Years</title>
		<link>http://thebayhomes.wordpress.com/2011/06/23/anne-arundel-county-sales-through-the-years/</link>
		<comments>http://thebayhomes.wordpress.com/2011/06/23/anne-arundel-county-sales-through-the-years/#comments</comments>
		<pubDate>Thu, 23 Jun 2011 19:23:43 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Annapolis, MD real estate]]></category>
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		<guid isPermaLink="false">https://thebayhomes.wordpress.com/2011/06/23/anne-arundel-county-sales-through-the-years/</guid>
		<description><![CDATA[An intriguing look at Anne Arundel County, MD real estate market statistics covering a thirteen year period. Starting in 1998 we started tracking the annual market statistics for Anne Arundel County, MD and have compiled them every year through last year’s 2010 stats. A review shows the build up in sales peaking in 2005 and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=479&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>An intriguing look at Anne Arundel County, MD real estate market statistics covering a thirteen year period.<br />
<h4>Starting in 1998 we started tracking the annual market statistics for Anne Arundel County, MD and have compiled them every year through last year’s 2010 stats. </h4>
<h4>A review shows the build up in sales peaking in 2005 and the descent from that highpoint to current volume levels which are similar to those of 2001. However a quick check shows that units sold in 2010 are only around 62% of those sold in 2001, where the average sold price was approximately 40% lower at $211,428 compared to 2010’s average sold price of $352,358.</h4>
<h4> To see the complete overview click &gt; <a title="AA Co Market Statistics" href="http://thebayhomes.files.wordpress.com/2011/06/aa-co-annual-market-stats-comparison.pdf" target="_blank">HERE.</a></h4>
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		<title>Case-Shiller Report Shows Falling US Home Prices</title>
		<link>http://thebayhomes.wordpress.com/2011/05/31/case-shiller-report-shows-falling-us-home-prices/</link>
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		<pubDate>Tue, 31 May 2011 19:32:12 +0000</pubDate>
		<dc:creator>thebayhomes</dc:creator>
				<category><![CDATA[Case-Shiller Indices]]></category>
		<category><![CDATA[homebuyers]]></category>
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		<category><![CDATA[Case-Shiller Housing Indices]]></category>
		<category><![CDATA[housing prices]]></category>

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		<description><![CDATA[Standard and Poor’s just released their Case-Shiller 1st quarter 2011 US housing price indices report, based on 20 of the nation’s largest markets and report that US housing prices have declined by 4.2% after having fallen by 3.6% in the 4th quarter of 2010. The National Index hit a new recession low with the first [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thebayhomes.wordpress.com&amp;blog=1791209&amp;post=477&amp;subd=thebayhomes&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<h4>Standard and Poor’s just released their <a href="http://bit.ly/kKwGgP" target="_blank">Case-Shiller 1st quarter 2011 US housing price indices report</a>, based on 20 of the nation’s largest markets and report that US housing prices have declined by 4.2% after having fallen by 3.6% in the 4th quarter of 2010. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1%.</h4>
<h4>18 of the 20 markets showed declines while Washington, D.C. was the only city that showed both a modest monthly increase of 1.1% and an annual increase of 4.3%. Seattle, WA was the other city which showed a monthly increase of 0.1%, but was still down 7.5% on an annual basis.&#160; </h4>
<h4>The report, which can be found <a href="http://bit.ly/kKwGgP" target="_blank">HERE</a>, also shows that nationally, home prices are back to mid 2002 levels. The report is sparking fear of a double-dip recession. </h4>
<h3>Closer to home, here are the results for April 2011:</h3>
<h4><u>Baltimore Metro Area</u>     <br /><em>(Anne Arundel, Baltimore, Carroll, Harford, Howard Counties and Baltimore City)</em></h4>
<h4>Average Sales Price +2.09% Year over Year; –7.31% Month over Month    <br />Average Sold to List Price: 86.96% (example – Sold $260,880; List $300,000)</h4>
<h4><u>Eastern Shore of MD</u>     <br /><em>(Caroline, Cecil, Dorchester, Kent, Queen Anne’s and Talbot Counties)</em></h4>
<h4>Average Sale Price +6.15% Year over Year; –3.00% Month over Month    <br />Average Sold to List Price: 85.48% (example – Sold $256,440; List $300,000)</h4>
<h4><em>Anne Arundel County</em> +2.09% Year over Year; –7.31% Month over Month&#160; <br />Average Sold to List Price: 89.33% (example – Sold $267,990; List $300,000)</h4>
<h4>Additionally, the National Association of Realtors reported in their Pending Homes Sales Index, that pending home sales for April 2011 are off by 26.5% year over year. </h4>
<h4>While these numbers indicate a fundamental weakness in the for the US housing market, be sure to check with your Realtor to discover the statistics for your local real estate market. Remember, real estate is local, right down to the zip code or subdivision sometimes. Averages on the national level may not reflect your local real estate market and statistics may be better or worse than the national average. </h4>
<p><a href="http://charleskraus.net" target="_blank"><img style="border-bottom:0;border-left:0;display:inline;border-top:0;border-right:0;margin:0;" title="CB_Banner_Color" border="0" alt="CB_Banner_Color" align="right" src="http://thebayhomes.files.wordpress.com/2011/05/cb_banner_color.jpg?w=160&#038;h=26" width="160" height="26" /></a><font color="#0000ff" size="1">Charles Kraus, Associate Broker – office: 800 456-1996      <br />Coldwell Banker Residential Brokerage – Annapolis, MD&#160; </font></p>
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