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New Homes Sales Down 6.1% January, 2010

by John Collins, REALTOR

Dan Greenhaus, chief economist for Miller Tabak & Co. reports,  "Sales of new homes are down 6.1% compared with January 2009’s 329,000 units, which was the previous record low. The number of homes for sale rose 0.4% to 234,000 in January. At the January sales pace, it would take 9.1 months to sell that inventory, up from 8.0 months in December and the highest monthly supply since May." 

Home builders have slashed their inventories to a 38 year low.  New Homes under construction fell to a record low of 100,000 nationally.  Builders have cut back on production of new homes, but they still face headwinds from unsold existing-homes as foreclosures continue to mount up. If a home isn’t sold before it’s finished, it’s taking a record 14.2 months to sell it after completion—a reflection of the mismatch between more expensively priced homes in the inventory and lower-priced homes that have been selling.

The median sales price of a new home sold in January was $203,500, down 2.4% compared with a year earlier. Cheaper homes were selling better than expensive ones: 47% of sales were for less than $200,000, up from 43% in December. Meanwhile, 38% of sales were for $200,000 to $400,000, down from 41% in December.

Long & Foster Announces Top 150 Agents - August, 2009

by John Collins, REALTOR

Long and Foster Announces Top 150 Agents - August, 2009

Long and Foster is pleased to announce that John Collins of The John Collins Real Estate Group was recognized as the #22 agent Year-To-Date out of 10,000 Agents in the Maryland, Washington, D.C. Pennsylvania, Delaware and New Jersey Division.  John's exceptional negotiation skills, listening abilities and hard work,  have place him in the L&F top 25 throught 2009. John and his team specialize in the Annapolis/anne arundel county market area.  Congratulations John and his team, on a job well done!

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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