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Annapolis Real Estate News & Happenings

John Collins, REALTOR

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3D Printer Being Used to Help Repair Homes

by John Collins, REALTOR

A professor at the University of Southern California may have discovered a revolutionary technology that could completely change the construction industry forever.

According to a January article on Business Insider.com, engineering professor and prolific inventor Behrokh Khoshnevis' ingenious new creation is a gigantic three-dimensional robotic printer that is capable of building a house in just 24 hours. One of the methods it employs to accomplish this mind-boggling feat is via a computer program that lays out a detailed pattern for a concrete-spewing nozzle, which it follows with finite precision.

This layered fabrication technology, developed by Khoshnevis, goes by the name Contour Crafting. The aforementioned 3D robot uses this process to follow the preset contours of a construction project to not only raise and connect walls, but also embed intricate conduits for electrical, air-conditioning units and plumbing fixtures.

The Contour Crafting robot runs on rails laid down by workers prior to beginning a project. It glides along these rails until it completes its assigned task, after which, humans would take over most, if not all, of the remaining tasks, such as installing windows and hanging doors.

While Contour Crafting remains in the testing stage at this point, Khoshnevis says that even when it is ready for the real world, it will not eliminate the need for human workers. In fact, he asserts, it could actually create more employment opportunities.

1036 Deep Creek Ave.
219 Wineland Way
Price: $1,250,000 Beds: 4 Baths: 2 Sq Ft: 2,846
Premium, Private, Peninsula. This meticulously maintained home is perfectly situated on 1.73 ac of paradise. Water views from every room. Great room w/cathedral ceilings, custom built ins, expansive screened porch, Fam RM w/FP, Master Suite opens to private patio with direct access to waterside pool. Just minutes to Eastern Bay. Private pier w/25,000lb lift. 3 car garage with Loft Storage

China to Monitor Real Estate Via New Tracking System

by John Collins, REALTOR

With China's tight constraints on citizens' investing outside the country, savvy investors have sunk their money into real estate, often purchasing multiple units. This consequently is driving up the property values and thereby pricing the relatively low-income folks out of the market, according to a New York Times blog from November 2013.

The country is reportedly planning to create a nationwide property ownership tracking system that will ostensibly monitor and scrutinize real estate sales transactions. This, the Times says, could pave the way for China to move closer toward its ultimate goal, which is to levy a new, broad tax on property ownership in an attempt to stem the tide of high-income citizens and government officials buying up multiple properties in spite of the communist nation's aforementioned tight real estate ownership restrictions.

In January, the Wall Street Journal reported that this type of property tax could not only take aim at the rampant hoarding of real estate properties, but also address the attendant issue of apartments sitting empty, while landlords and property managers hold out for the highest bidder. The tax would make renting out these units, most likely at a relatively lower rate, more financially beneficial than leaving them vacant.

On the flip side, a tax of this nature would mandate that government officials disclose their individual real estate holdings. This hurdle may wind up being too high to clear, some analysts say, because it would uncover a monumental scale of corruption and illicit income.

1036 Deep Creek Ave.
250 West Joyce Ln.
Price: $1,990,000 Beds: 4 Baths: 4.5 Sq Ft: 3,334
2.1 ACRE SEVERN RIVER WATERFRONT ESTATE. The ultimate boathouse will accommodate virtually any vessel. Stately colonial with gracious living areas with water views from most rooms. 4 Bedrooms, 4.5 Baths, 5 fireplaces. Chef's kitchen w/eat in area and brick fireplace, Large family room w/custom built ins. Tram to water's edge.Enjoy this private peninsula with Stunning Views and Incredible Sunsets!

Mortgage Changes in 2014

by John Collins, REALTOR

The mortgage industry has made some New Year's resolutions for 2014, some of which include the following:

Tighter Regulations for Self-Employed

The aforementioned changes to the Qualified Mortgage process will also make it more difficult for self-employed folks, who typically don't have to mess with a W-2, to qualify for loans. This is primarily due to the fact that without a W-2, self-employed people face an uphill battle trying to accurately prove their income-to-debt ratio.

Caps on Loan Origination Fees

The fees and points associated with a Qualified Mortgage were capped at 3 percent, which started on Friday, Jan. 10th.

Decrease in FHA Loan Limit

In 2014, the Federal Housing Administration (FHA) has deemed that a mortgage cannot exceed $625,000, down from $729,750 in 2013, a $104,750 decrease. Potential home buyers who want to secure a loan larger than $625,000 need to specify "jumbo loan" on their application. Of course, this type of loan will almost certainly require a larger down payment.

Don Frommeyer, CRMS, President of the Association of Mortgage Professionals, or NAMB, said that, while this change shouldn't have a significant impact on most of the country, borrowers seeking homes in areas that have a relatively high average selling price might be scared away from the 20 percent down payment inherent to jumbo loans, compared to the approximately 3.5 percent down payment on a traditional loan.

Ability-to-Repay Mandate

The CFPB (Consumer Financial Protection Bureau) created the Ability-to-Repay Mandate in order to establish the "gold-standard" for lenders to make sure borrowers are actually qualified to be a borrower.

Lenders will use a specific set of required income, assets and obligations guidelines, created by CFPB, to determine if potential loan borrowers qualify before ruling them eligible. These new guidelines create the defining standard for what the government considers a “Qualified Mortgage.”

For more information, surf on over to www.namb.org (National Association of Mortgage Brokers).

1036 Deep Creek Ave.
82 Summerfield Dr.
Price: $325,000 Beds: 3 Baths: 2 Sq Ft: 1,170
Cape Cod located in Tower View Subdivision close to Downtown Annapolis. 3 Bedroom/2 Bath w/open floor plan. Stylish Kitchen w/granite counters and stainless appliances. Hardwood Floors. 1st floor Master Bedroom w/spacious closet & Sitting Room. Vaulted Ceiling in upstairs Bedroom. Lower Level Family Room w/ample storage. Large, level fully fenced rear yard w/deck and stamped concrete patio.

Market Reports for Anne Arundel County

by John Collins, REALTOR

The housing market for Anne Arundel County, as a whole, took about a 16-percent dip from the end of November through the month of December, with 81 less units sold, according to data supplied by the Multiple Listing Service, MRIS, and its member Association(s) of REALTORS. Over that same time period, the median sale price for properties in the county was $290,000.

Even though the county's housing market recorded a decrease in sales in December, it registered an active inventory that was 79 units (or 3 percent) higher than last year. Properties that sold in Anne Arundel County during December spent an average of 69 days on market, down 17 percent from last year.

Now let's take a peek at these same December stats for some of the county's major cities.

Annapolis

  • Units Sold - 78, down 3 percent from the 80 units sold in November
  • Active Inventory - 434, slightly lower than the 428 number in December 2012
  • Median Sale Price - $410,000, which represents a 17 percent increase from last year's $349,000
  • Days on Market - 61, down 42 percent from last year

Arnold-Broadneck

  • Units Sold - 39, a 15 percent drop from November
  • Active Inventory - 215, which is 22 units (or 11 percent) higher than last year
  • Median Sale Price - $429,495, an eye-popping $101,995 more than November's median sale price of $327,500
  • Days on Market - 96, a 30 percent jump from last December

Crofton-Crownsville-Gambrills

  • Units Sold - 37, while this number was the same as last year's, it represented a 12 percent decrease from November
  • Active Inventory - 183, which is 14 units (or 8 percent) higher than last year
  • Median Sale Price - $318,000, a 14 percent decrease from November and 6 percent lower than last year
  • Days on Market - 64, down 42 percent versus last year

Edgewater

  • Units Sold - 20, a slight decrease from December 2012
  • Active Inventory - 146, representing a 7 percent rise from last year
  • Median Sale Price - $482,500, an increase of $136,500 from December 2012
  • Days on Market - 100, a 39 percent increase from last year

Millersville-Severn

  • Units Sold - 30, a decrease of 21 percent from November
  • Active Inventory - 198, an increase of 13 percent from last year
  • Median Sale Price - $370,500, an increase of 2 percent from December 2012
  • Days on Market - 52, up 16 percent from last year

Odenton-Fort Meade

  • Units Sold - 28, down 35 percent from November's 43
  • Active Inventory - 132, compared to 99 in December 2012
  • Median Sale Price - $252,850, a decrease of 9 percent (or $24,600) compared to last year
  • Days on Market - 56, a 23 percent drop from December 2012

Pasadena-Gibson Island

  • Units Sold - 50, a decrease of 22 percent compared to December 2012
  • Active Inventory - 281, a 9 percent drop from November's 309 available properties
  • Median Sale Price - $249,000, 8 percent less than it was last year
  • Days on Market - 60, which reflects a 38 percent decrease from last year

Severna Park

  • Units Sold - 20, a slight dip from last year
  • Active Inventory - 114, only 3 units more than December 2012
  • Median Sale Price - $489,948, which is barely a change from last year, and only 2 percent less than November
  • Days on Market - 72, a 23 percent decrease from last year
1036 Deep Creek Ave.
13 Sands Ave.
Price: $1,699,500 Beds: 3 Baths: 3 Sq Ft: 1,976
You will find extraordinary pleasure in every detail of this Bay Ridge waterfront home! Savor the spectacular sunsets over the Severn River from the glass enclosed 4-season room or paver patio. Stunning views from the gourmet kitchen with granite, gas cook top and stainless appliances. Dazzling Views from most rooms! Private lighted pier with 3 slips, fish cleaning station and 30,000 lb. lift.

Annapolis Neighborhoods with Most Increased Home Values

by John Collins, REALTOR

Maryland’s capital city, Annapolis, offers colonial charm and modern conveniences to its residents. Like most real estate markets, the city has been buffeted by the national housing collapse however; many of the idyllic neighborhoods in the city are experiencing impressive price gains in the past year. Whenever a market can support a 50% growth in housing values, over a 12-month period, those are areas worth considering, and Annapolis offers a number of such markets.

Crofton

Situated a mere fourteen miles from Annapolis, Crofton has experienced an impressive population growth in recent years. Crofton is home to such Maryland landmarks as the Katcel Archeological site, the 200-year old home of Thomas Linthicum, a close friend of George Washington. Crofton experienced an impressive increase in property values over last year by nearly 85%.

Severna Park

Severna Park has close proximity to Annapolis. Nestled between the Severn and Magothy Rivers, Severna Park straddles the Ritchie Highway, which links Baltimore and Annapolis. The neighborhood has witnessed a boost in values, which have topped off in the high seventy percentile range. With recording growths at 78%, Severna Park has achieved some impressive gains since 2012.

Davidsonville

The semi-rural town of Davidsonville, Maryland has experienced an impressive 75% growth in property values over the past year. Composed primarily of farms and suburban-like developments, Davidsonville is a rural oasis located in the heart of the Baltimore-Washington metropolitan complex.

Arnold

Tied with Davidsonville at 75%, Arnold, Maryland can also lay claim to impressive property gains as the national housing market inched up in the previous year. Located five miles from Annapolis, Arnold is located on the beautiful Broadneck peninsula, and features a myriad of natural and cultural features. Natural beauty and close access to big city amenities have played a role in increasing property values.

Home Winterization Tips in Annapolis, Maryland

by John Collins, REALTOR

Most people would readily agree that they’re not particularly keen on paying the power company any more money than is their due. Unfortunately, a house that has not been properly winterized is the equivalent of throwing open a living room window for the duration of the season when it comes to wasting money on pointless energy cost.  Happily, many of the fixes are nearly as quick as shutting that open window and can be accomplished at little or no cost.

Inspection and Repair

Before beginning your winterizing project, it’s always a good idea to conduct a detailed inspection looking for wear and tear that might be leading to an energy loss.  A such, it just makes sense to complete the easiest tasks first, so go into the living room and check to be sure that that window is in fact closed.  Additionally, when near the window, examine the window sash and make sure that it is properly sealed against the elements.

As houses age they have a tendency to shift with time, which can form gaps that are easy entry points for bad conditions. Typical entry points are found around windows and doors.

Stop the Flow of Cold Air

To help make sure that the cold air stays outside, you need to install door sweeps on exterior doors, as well as basement and attic entry points.  Windows ought to be sealed with weather stripping tape around the edges. Finally, caulking those small cracks in the baseboards and walls will stop the flow of cold air into your home.

Frozen Pipes Equal Broken Pipes

As temperatures dip, the danger of severe damage to a home’s pipes increases. So make sure that those pipes leading to the hot water heater are foam wrapped and insulated, while interior pipes placed near exterior walls are subject to increased risks of freezing and breakage.

Annapolis Police Department Toy Drive Review

by John Collins, REALTOR

Helping the community is at the core of what the Annapolis Police Department does every day, so it’s just natural that they would pitch in to help during the holiday season. Although the department has routinely reached out to help those in need in years past in other ways, 2013 marked their first foray into the toy drive game. The five day event scored bundles of toys for needy tots throughout local neighborhoods, and represents a successful entrée into what is planned to be an annual tradition in years to come.

The holidays can be a tough time for those in need, and the department stepped in to help remedy that situation for area families and children. When announcing the drive back at the end of November, Annapolis Police Chief Michael Pristoop said, “As part of the community, we want to do all we can to help families and children during the holiday season.”

To help make it easier to get gifts under the trees of needy families, the department established parking lot drop-off points to facilitate the delivery of holiday donations. Donors didn’t even have to get out of their cars to donate their new, unwrapped toys for the annual Annapolis Santa Run. Once in hand, the department handed over the holiday gifts into the capable hands of the volunteers at Annapolis Firefighters Local 1929 who have been loading up their old trusted Engine 1 with great toys for more than a decade now in their annual Santa Run. Their volunteer efforts have helped create great Christmas smiles on the faces of more than 5,000 children in that time period.

No child should go without, and no parent should have to feel guilty about not being able to provide for them during the holiday season, and the Annapolis Santa Run made sure that in 2013 that didn’t have to happen.

New Year’s Eve Celebration at the Annapolis City Dock

by John Collins, REALTOR

Festivities in the Maryland capital are slated to kick off the New Year in grand fashion along the city’s historic Annapolis City Dock.  This year’s New Year’s Eve celebrations at the Annapolis City Dock are family friendly and free to all who want to come out and catch the show.  Have a great time at this New Year’s Eve celebrations at the Annapolis City Dock, and make lasting memories as 2014 is ushered in.

Family Friendly Environment

The revelry kicks off early this year, and promoters are featuring a family friendly format that begins at three in the afternoon and culminates in a fireworks extravaganza at 7:30 in the evening.  The schedule is perfect for early risers, kids, and those who like to be safely ensconced on the couch long before the big ball falls in Times Square.  Games, fun, live music, and incredible fireworks will make this year’s celebrations truly memorable.  For those families still reeling from the costs of the holiday, all the events at the Annapolis City Docks are completely free of charge and require no special badges to attend and enjoy the fun.

Traditional Late Night Celebrations

For those looking for a more traditional, late night New Year’s Eve celebration at the Annapolis City Dock, promoters have also scheduled a gala that kicks off at 8 P.M., and culminates at midnight when they stage a second fireworks show for attendees’ enjoyment.  Live music, adult fun, and great fireworks are awaiting celebrants who are looking to party at the New Year’s Eve celebration at the Annapolis City Dock.

Best Way to Get to the Venue and Enjoy the Show

Getting to the party is easy, and promoters highly recommend parking in municipal garages and riding the Circular trolley to the city dock.  Once on the ground, the best place to watch the fireworks extravaganza can be found at Main Street, Susan Campbell Park, Northeast of the Severn River, or from any of the parks facing Spa Creek.  Grab your friends, grab a blanket, grab a spot and enjoy the show.

Eastport Yacht Club Lights Parade

by John Collins, REALTOR

The air is turning colder as thoughts turn towards the upcoming holidays. Annapolis is filled with festivities that bring the sparkle to the season. Whether you are interested in enjoying the crisp, cool weather at an outdoor event or prefer to take a seat while watching a holiday classic take place on a stage, Annapolis has it all. From light displays to wonderful shopping opportunities, residents and visitors are guaranteed to find their favorite holiday event during the month of December.

One event that is a must-see for people from all over the East Coast is the Eastport Yacht Club Lights Parade. Neighbors and friends join together as the holiday magically appears on the waters of the harbor. Thousands of multi-colored lights and other holiday decorations adorn boats that sail across the harbor to the delight of the waiting crowd. This annual event takes place this Saturday, December 14th. Hosted by the local yacht club, the Eastport Yacht Club Lights Parade has been a tradition for many as they gather at their favorite viewing spots on the wintery night to watch the parade with family and friends. The parade, which helps to showcase the importance of boating in the community, takes place from 6-8 PM.

December is a wonderful time to explore Annapolis and see what it has to offer. From the holiday scents wafting out of bakeries to the glistening lights and the sounds of merriment, it is easy to understand why so many people love to visit the city during the holidays and even easier to understand why people are eager to call Annapolis home. You're invited to come and visit and see what the city is all about. We're sure that the sights, sounds, experiences and people will nestle into your heart as well.

Lights on the Bay

by John Collins, REALTOR

Thanksgiving is over and the calendar shows that the first day of winter is quickly approaching. The cold, crisp air and glistening light displays join together to welcome the Holidays to Annapolis. Displays include everything from traditional holiday scenes to dinosaurs and Maryland inspired decorations. Residents and visitors are guaranteed to find their favorite display at this year's Lights on the Bay.

In addition to being a great light display, Lights on the Bay incorporates the beauty of the Chesapeake Bay into their scenic event. Held at the Sandy Point State Park, this two-mile drive-through holiday spectacular welcomes crowds of people from now until January 2nd. Whether you like animated or stationary displays, this event has it all. Open from 5 PM – 10 PM every evening, admission is $14 per car or $50 per bus.

The show benefits the Anne Arundel Medical Center. As a regional health system, the Anne Arundel Medical Center serves an area that includes over one million people. The money raised from Lights on the Bay helps the center fulfill their mission "to enhance the health of the people we serve." What began in 1902 as a small emergency hospital ran out of a cottage, now leads the area in medical innovation and quality healthcare services to the Annapolis community. Your generous donation before entering the light displays helps the AAMC Foundation continue to excel in a wide-variety of areas. Specialties such as oncology, women's services, and children's health continue to benefit from the donations collected.

Annapolis has a wide-variety of events that help to welcome in the season. Whether you like to be outdoors, taking in holiday classics, or prefer to participate in some of the great shopping opportunities, Annapolis has it all. Grab the friends and family and enjoy the merriment and festivities in this picturesque maritime city. Winter is a great time to explore all that the city has to offer.

Displaying blog entries 1-10 of 314

Contact Information

Photo of John Collins, Realtor Real Estate
John Collins, Realtor
JohnCollinsGroup of Long & Foster Real Estate, Inc
108 Old Solomons Island Road - U4
Annapolis MD 21401
Office: 410-224-4999
Cell: 410-693-6000
Fax: 410-224-4032 Email: John@JohnCollinsGroup.
John Collins, Realtor
 Office: 410-224-4999 * Cell: 410-693-6000
www.JohnCollinsGroup.Com
 of Long & Foster Real Estate, Inc.   
Office: 410-224-4999 Cell: 410-693-6000 Fax: 410-224-4032
Email -
John@JohnCollinsGroup.com
108 Old Solomons Island Road, Suite U-4
Annapolis, Maryland 21401

We will never sell or divulge your email address to any vendor or other organization.

The finest compliment I can receive is a referral from a friend, client or colleague. If you know of someone thinking of buying or selling real estate, I would appreciate an introduction.  Please be assured I will extend them my highest degree of service and professionalism. John Collins, Realtor