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HOME BUYERS' LIBRARY

lenn harley
Lenn Harley, Broker Homefinders.com
Maryland and Virginia

Phone: 800-711-7988

ABOUT REAL ESTATE IN CHARLES COUNTY, MARYLAND

Average Price Sold 1st Quarter 2008 in Calvert County, MD
Chesapeake Beach - $431,559
Huntingtown - Avg - $447,691
Lisby - $268,488
North Beach - $315,229
Prince Frederick - $331,450
Saint Leonard - $364,677
Solomons - $426,480
ALL OF CALVERT COUNTY - Avg $361,614

The SOLD prices above represent all homes sold in Calvert County in January, February and March of 2008 and include single family homes, town houses and condos. Sales continue to hold steady in Calvert County particularly for luxury homes in the northern part of the county within commuting distance to DC and Annapolis.

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SOLD in Charles County real estate - July 2007
89 homes SOLD in July
The lowest price sold was $162,900. 1 bedrooms, 1 baths, built 1940
The highest price sold was $1,900,000. 6 bedrooms, 5 baths - 3 years old - Newberg
Average price sold July 2007 was $444,215

Charles County homes are located in an area that is convenient to major employment markets, priced right, still growing and offering new home opportunities, offers an established resale market for relocating home buyers and the only major
shopping center in Southern Market.

A surprising number of Pentagon employees buy homes in Charles County. Similar homes in Virginia with the same commute time would be priced significantly higher. Average prices for 4 bedroom, 2 full bath, 2 car garage homes constructed 2000 or later are: Homes in Anne Arundel County - $620,000, homes in Calvert County - $530,000, homes in Charles County - $470,000, homes in Prince George's County - $555,000. St. Mary's County offers an average sold price for 2005 of $408,000. However, the commute from Leonardtown in St. Mary's County to the Pentagon would be approximately1 1/2 hours compared with a commute from Waldorf in Charles County of approximately 45 minutes. However, the commute from areas with similar priced properties in Northern Virginia would be approximately 1 hour. This is one reason homes in Charles County are popular with home buyers that work in Northern Virginia. Appreciation in Charles County has been approximately 25% for the years 2003-2005.

Charles County homes offer tremendous value in communities such as St. Charles, built over the past 40 years on wide streets with lots of cul-de-sacs, convenience shopping throughout and the convenience of a major shopping center in St.
Charles, on the southern end of Waldorf.

Demographics

--Average Income Families
W/Children $69,746
--Average Age 34.7
--Percent Married 59.2
--Percent With Children 41,8
--Percent High School Graduates 87.8
--Percent College Graduates 28
--Average SAT Scores 1033
--Expenditures Per-Student $7,697
--Land Area 461 Square Miles
--County Population 120,546
--Population Density Per Sq. Mile 261
--Population Growth Rate (5 yrs) 1.6%

Map Charles County Maryland
Map Charles County

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