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Vol. 6 Issue 1 December 2015

Big Expectations for Housing in 2016 million for the first time since 2006 next year. 2016’s Buying Force Fueling the increase in total sales, realtor.com® predicts three distinct segments of home buyers to dominate: older millennials (25 to 34 years old); younger Generation Xers (35 to 44 years old), and retirees (65 to 74 years old), Smoke says. Millennials: Millennials are expected to make up the largest demographic of buyers in the coming year at 30 percent of the existing home market. “Driven by increasing income, millennials will seek out homes that meet the needs of their growing families—putting the most weight on the safety of the neighborhood and the quality of the home,” according to realtor.com®’s forecast. “Commute time and a preference for older homes have these buyers looking in city centers and closer-in suburbs.” Realtor.com® predicts some of the most sought-after markets for millennial buyers in 2016—based on their large number of millennials, strong employment growth, and affordability—include: 1. Atlanta-Sandy Springs-Roswell, Ga. 2. Pittsburgh 3. Memphis, Tenn.-Miss.-Ark. 4. Boston-Cambridge-Newton, Mass.-N.H. 5. Austin-Round Rock, Texas Young Generation Xers: Buyers between the ages of 35 to 44 years old are likely to make up the second largest population of buyers in 2016. “These buyers have rebounded from the financial crisis and are entering their prime family-raising and earning years,” realtor.com®’s report notes. “More than two-thirds of the buyers in this age group already own a home. They will be moving out of a starter home into

Do signs point to another housing boom? Perhaps—home sales are poised to zoom to the highest levels since 2006 next year, according to a 2016 housing forecast issued by realtor.com®. Gains in new-home construction and existing home sales are both expected to push total home sales to the highest levels in years. The new-home construction market is expected to see the most gains in 2016, with realtor.com® forecasting a 12 percent year-over-year increase in housing starts and a 16 percent year-over-year growth in new home sales. The gains in existing-home sales are expected to be more moderate, with expectations of a 3 percent year-over-year gain. “Next year’s moderate gains in existing prices and sales, versus the accelerated growth we’ve seen in previous years, indicate that we are entering a normal, but healthy housing market,” says Jonathan Smoke, realtor.com®’s chief economist. “The improvements we’ve seen over the last few years have enabled a recovery in the existing-home market, but we still need to make up ground in new construction, which we could begin to see in 2016. New home sales and starts will bring overall sales to levels we have not seen since 2006 and will help set the stage for a healthy new home market.” Total sales for existing and new homes are expected to reach 6

The Advantages of Selling Your

Home in the Winter

One of the most common things I hear from people is that winter is a bad time to sell your home; I couldn’t find that further from the truth and here are the reasons why: 1. Inventory The inventory in the winter months is usually far less than spring, summer and fall. Suddenly, there is far less for buyers to choose from. This is your opportunity to make your home stand out that much more. 2. Competition With less competition on the market, you increase your chance to get a higher price on your home based on the basic rules of supply and demand. 3. Timing Selling in the winter can give you more buying power for the spring when the inventory is back up and there are more homes available to choose from. Also, not having a home sale contingency can give you a greater advantage in contract negotiations when you are ready to purchase your next home. 4. Quality of Buyers Consider this—if a buyer is willing to bundle up and venture out in the cold weather to look at homes, they are more likely to be serious about “pulling the trigger” on a home purchase. So Sellers—don’t lose faith. This is a great time to be on the market!

Written by Mary Hyson, Realtor®, Annapolis Realty, Inc.

a larger home or more desirable neighborhood.” The markets expected to see the most upticks from these growing families are: 1. Atlanta-Sandy Springs-Roswell, Ga. 2. Denver-Aurora-Lakewood, Colo. 3. St. Louis, Mo.-Ill. 4. Charlotte-Concord-Gastonia, N.C.-S.C. 5. Columbus, Ohio Retirees: The third largest segment of home buyers in 2016 are expected to be individuals or couples who are looking to relocate or retire between the ages of 65 and 74. New retirees are expected to fuel a trend in downsizing and seeking out ways to lower their cost of living. “They will likely put their home up for sale at the start of the home-buying season in March or April, and aim to make a home purchase following the sale of their home,” realtor.com®’s report notes. “This age cohort has a very strong preference for newly constructed homes and put the most weight on their ability to customize their home.” The markets expected to see the most retiree buying activity in 2016 are: 1. Boston-Cambridge-Newton, Mass.-N.H. 2. Sacramento-Roseville-Arden-Arcade, Calif. 3. San Diego-Carlsbad, Calif. 4. North Point-Sarasota-Bradenton, Fla. 5. Cape Coral-Fort Myers, Fla. Written by Daily Real Estate News. Reprinted from REALTOR® Magazine Online, December 2015, with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2015. All rights reserved.

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New Listings

Calendar of Events Here are just some of the events happening in and around Annapolis. Event dates are sub-ject to change, contact the event organizer to confirm dates and times: Midnight Madness December 3 & 10 Downtown Annapolis www.annapolispartnership.com SoFoHo Ho December 5 Village Greens Shopping Center, Forest Drive, Annapolis www.annapolispartnership.com Chocolate Binge Festival December 6 West Street & Calvert Street www.annapolischocolatefestival.com It’s A Wonderful Life in Annapolis December 12 West Annapolis www.westannapolisbusinessaffiliation.org

Eastport Yacht Club Light Parade December 12 Spa Creek www.eastporteyc.org Army-Navy Football Game December 12 Lincoln Financial Field, Philadelphia, PA www.armynavygame.com Eleventh Hour December 17 Downtown Annapolis www.annapolispartnership.com 2014 Military Bowl & Parade December 28 Downtown Annapolis & Navy Marine Corps Stadium www.militarybowl.org New Years Eve Celebration December 31 City Dock newyear.annapolis.gov

1245 Harbour Glen Court Arnold Situated in a quiet, pastoral setting with just under 3 acres yet still close to everything, this elegant 5,400+ sq. ft. Colonial features dramatic 2-story foyer, gourmet kitchen, spacious living with abundant rooms for entertaining, 3 fireplaces and luxurious appointments throughout. Stunning outdoor living spaces includes deck, heated salt-water pool with waterfal l , outdoor stone fireplace and outdoor play areas. A must see! Offered at $1,150,000. Bonnie Parks, Broker 202.288.9609

523 Horn Point Drive Annapolis Custom built contemporary waterfront home in Eastport with newly installed bulkhead. First time offered for sale. Spectacular location—enjoy fireworks, light parade, sailboat races and the Blue Angels. 3 bedroom, 4 bath home with 2-zoned heating and HVAC. Large oversized garage for 2 cars with space for additional parking in driveway. Full unfinished basement with unlimited potential. Offered at $2,000,000. Minnie Ramirez, Realtor® 410.271.1714

2998 Friends Road Annapolis Fabulous new construction waterfront home. Open floor plan, gourmet kitchen with upscale appliances and granite counters. Gorgeous wood floors a n d w a l l o f w i n d o w s overlooking the South River. Owner’s suite with luxurious bath and spacious walk-in closet. 3 additional bedrooms, each with en-suite bath, finished lower level with storage, elevator to all levels, over-sized 2 car garage and private pier. Offered at $ 1,850,000. Bonnie Parks, Broker 202.288.9609

310 Charred Oak Court Annapolis Turn-key end-unit town home in highly desirable Whispering Woods community just minutes from downtown Annapolis! Open kitchen with separate dining room. Beautiful free standing propane wood stove for those cozy winter nights! Spacious back yard with a patio and fully enclosed privacy fence, perfect for summer BBQs. Upstairs, 2 guest rooms, a full guest bath, and the roomy master with en suite. Offered at $244,950. Shannon MacAdams, Realtor® 443.994.7365

Meet Our Sales Associates

Shannon MacAdams

Under Contract in 17 Days!

Born and raised in Annapolis, Shannon has recently moved back from the Seattle area. The

wife of a USNA graduate, Shannon met her husband, Scott, while she was attending Greensboro College in North Carolina where she studied psychology, and was an active member of the Alpha Xi Delta Sorority and Varsity Lacrosse team. Prior to joining the Annapolis Realty team, Shannon worked as an Office Manager for John L. Scott Real Estate in Port Ludlow, Washington. She is excited to join our team and especially looks forward to working with first time home buyers and military families. In her spare time, she enjoys attending Navy football and lacrosse games, playing golf and spending time with her two dogs, a Goldendoodle named Beastly and a Yorkie-poo named Bella.

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Recent Sales

605 Rivermist Drive Oxon Hill Settled at $775,000. Mary Hyson, Realtor® 301.758.9276

652 Kimberly Way Stevensville Sold in 17 Days at $270,000! Scott Lodor & Nan Lodor, Realtors® 410.562.7500 or 410.353.7500

127 Chester Avenue Annapolis Settled at $665,000. Corey Kayea, Buyers Agent 410.212.8292

3734 Ramsgate Drive Annapolis Sold in 8 Days at $1,245,000! Bonnie Parks, Buyers Agent 202.288.9609

2710 Summerview Way #302 Annapolis Settled at $330,000. Minnie Ramirez, Realtor® 410.271.1714

Maryland Theatre for the Performing Arts (MTPA) One Step Closer to a Reality

During its Fall MTPA Board of Trustees Meeting held October 2nd, MTPA announced the creation of its new fundraising campaign–MTPA Stage One. Prior to launching the theatre capital campaign, MTPA will raise 1.250M to underwrite strategic funding priorities including communications tools, new renderings, studies and more. This is no casual undertaking. In fact, the momentum achieved over the past year now demands everyone involved to take action

and work toward the common goals for the future of the arts in our great Annapolis community. And everyone can make an im-pact toward achieving these goals as we have developed a "Whole Note" theme that speaks to building The MTPA, "one note at a time." We are therefore proud and thrilled to announce the following: In a partnership with Zachary's Jewelers, including notably Zachary's owner Steve Samaras (MTPA Executive Committee Member), The MTPA will be

announcing a new level of giving: The VISIONARY, that will exemplify supporting this commitment at a level in excess of $250,000. Zachary's Jewelers has designed and expertly crafted these exquisite "whole note" diamond encrusted lapel pins for those attaining VISIONARY status. Steve and the Zachary's team proudly unveiled this "wearable art" to Kathi Terlizzese, MTPA Director of Development, in their ongoing generous support of The MTPA!

The MTPA has recently launched an online funding campaign in support of their Stage One efforts, to make a contribution, visit: https://www.gofundme.com/mtpastageone

For more information about the MTPA, visit: http://www.mtpa-annapolis.org/ or call 240.988.7829. Reprinted from the MTPA website and Facebook page, used with permission.

Annapolis Realty, Inc. (ARI) is seeking professional-minded real estate Sales Associates licensed in the State of Maryland (a non-salaried, commission only position.)

Tired of working in a large, impersonal corporate environment and want to make a change?

Annapolis Realty, Inc. may be the place for you!

This small, close-knit boutique-style real estate office with a well-established reputation in the industry is well known for unique, personalized service.

Annapolis Realty, Inc. Offers:

High, Competitive Commission Splits Reasonable Monthly Desk/Administration Fees Low E & O Insurance Fees No Franchise Fees On-site Administrative Assistance & Support On-site Marketing Coordinator High Profile Downtown Annapolis Location

Stop in our office to make an appointment to speak with our Broker of Record Bonnie Parks or call Deb Valainis, our Office Manager today

410.280.5600

Real Estate Sales Associates Wanted

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209 Main Street Annapolis, MD 21401

410.280.5600 www.annapolisrealty.com

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