With the 2018 spring real estate season underway, prevailing market conditions in the Baltimore area are cause for excitement. Interest rates are rising, but still low. The economy is strong, and Maryland has been steadily adding jobs, with the highest growth in the Baltimore metro area of Baltimore-Columbia-Towson, according to the Maryland Department of Labor.
House prices are steadily rising too. Median prices in the Baltimore Metro area rose 6.5 percent in February over last year’s prices, with Baltimore City showing close to an 11 percent increase. Like it or not, rising prices are an indication of a healthy real estate market, with inflation likely to drive prices even higher in the future.
Hot House: 2705 Greenspring Valley Road, Stevenson, MD 21117
Open House: Wednesday, April 11, 12-2PM
One-story stone schoolhouse, circa 1930, with slate roof. Converted in 1984 to three bed, two and a half bath, 3,000 sq. ft. home in excellent condition. Thirteen- foot ceilings, original Georgia pine floors, large windows. Entrance hall connects front and back doors. Arched doorways, fan lights, original schoolhouse drinking fountain. Updated country kitchen opens to large living-dining area with stone fireplace. En-suite master on ground level, updated bath, glass shower. Large stone patio and gazebo. German Viessmann five-zone boiler, new heat pump, and a/c. Full attic, partial unfinished basement. Private 3.3-acre property with stream set back from road on private drive: $765,000
Adding to the growing momentum in Prince George’s County, WeWork, a global leader in co-working with more than 200 locations in 21 countries, has selected The University of Maryland, College Park for its first location in Maryland. As part of a new partnership model, it will be the first WeWork on a college campus, located in the University of Maryland’s Discovery District.