Yowell Team Blog

Activity has definitely picked up over the last few weeks!  We've been working with clients pretty much 7 days a week since mid-March.  Most agents and lenders we've talked to have also seen more movement in the market.  Spring is usually when people start getting out to explore what's on the market.  Statistically though, the first quarter of this year wasn't that great for Southern MD ( click here for more info).  We think things will pick up over the next few months, but we likely won't see significant market improvement until late 2008-early 2009.  Still, there are some great deals out there for buyers.  Sellers can sell if they're realistic with pricing and negotiations, the home shows well, they have the right agent (plug, plug), and they're a little patient.

FROM www.thebaynet.com ...

GREAT MILLS - 4/25/2008

By Staff Writer Pete Hurrey

After 12 years of planning and numerous construction and design changes, the first of its kind, St Mary’s County’s Workforce Housing project is ready for new homeowners. The Gateways opened two short weeks ago with 42 one-, two- and three-bedroom condominiums priced for lower income working families and individuals. According to Dennis Nicholson, Executive Director of the Housing Authority of St. Mary’s County, “The facility is situated right across the parking lot from the J. Patrick Jarboe Childcare facility.” He indicated that the original plan in 1996 was for a single building with childcare on the first floor and housing on the second. The affordably priced condominium homes, located off Great Mills Road on Lexwood Drive, is centrally located and with walking distance of Great Mills High School, an elementary school and shopping. “It’s wonderful that people can live in a great place and be able to not worry about transportation,” said Mary Lynn Stone, a Century 21 New Millennium broker brought in to market the units. She went on to say that transportation is a concern in Southern Maryland and is needed many times in order to take care of everyday needs.  Full Article