About this column:
A weekly real estate column featuring the latest sales in Greenbelt, along with monthly real estate trends and other items of interest to property owners. If you have questions or comments, please send them to greenbeltbroker@gmail.com.Greenbelt September Sales Summary September saw 18 settled real estate transactions in Greenbelt compared 15 last year. Of those transactions, 12 were condominium or cooperative sales. The average sold price decreased 23 percent from $187,000 to $143,300. The median sold price dropped one-third from $180,000 to $119,950. The average time on the market decreased from 128 days to 113 days. The were 165 homes listed for sale in Greenbelt last month. The average home sold for 83.6 percent of asking price. There were 20 contracts written last month on properties yet to settle. Sales increase 35 …
Governor Martin O'Malley, along with Maryland's Congressional delegation, requested that all foreclosures in Maryland be halted Tuesday. In a letter to Chief Judge Robert Bell, Maryland Court of Appeals, they requested that courts delay foreclosures for at least 60 days to protect Maryland homeowners. Their concern is that the lenders have not been handling the foreclosure process properly. They want to ensure that Marylanders are treated fairly and that the lenders follow Maryland law. Some banks have already declared a nationwide moratorium on foreclosures as they examine their …
The following is a list of homes recently sold in Greenbelt: Charlestowne Village - 7908 Lakecrest Drive - 3BR, 1FB, 2HB. List price - $145,000; Selling price - $146,500 with $500 closing help. Market time - 104 days. Chelsea Wood - 8477 Greenbelt Road - 2BR, 1FB. SHORT SALE (Sold for less than the mortgage amount.) List and Selling price - $56,000. Market time - 8 days. Chelsea Wood - 8453 Greenbelt Road - 2BR, 1FB. List price - $114,900; Selling price - $110,000 with $3,000 closing help. Market time - 19 days. Chelsea Wood - 8685 Greenbelt Road - 2BR, 1FB. BANK OWNED List price …
Recent Sales:Hunting Ridge - 6978 Hanover Parkway - Unit 200 (Foreclosure) - This 1 bedroom, 1 bath condominium has a monthly condo fee of $295 and taxes set at $261. It was sold by the bank on 9/15 for a price of $50,400 with $1,500 in seller-paid closing help for the buyer. HISTORY - This unit sold in 1996 for $48,900 and again in 2001 for $55,000. The last owner subsequently refinanced and the bank foreclosed last November for a price of $118,300. It was placed on the market this April with an original list price of $99,900. It was reduced to $91,600 and then $86,500 in May; then $…
