Baltimore residential sales keep pace with last year

REAL ESTATE NOTES

December 16, 1990|By Edward Gunts

The volume of residential sales dropped in the Baltimore area for the fourth straight month in November, but year-to-date statistics appear to be keeping pace with the year before, according to figures released by the Greater Baltimore Board of Realtors.

The number of Baltimore-area residences sold in November was ZTC 1,243, down 23 percent from 1,067 in November 1989, according to the real estate board.

The total dollar volume of residential sales during November was $146.15 million, down 22 percent from $187.1 million in November 1989.

Meanwhile, the average price of a house rose 1 percent, from $116,403 in November 1989 to $117,580 in November 1990.

For the first 11 months of 1990, 16,829 residences were sold, down slightly from 17,198 sold in the first 11 months of 1989.

The year-to-date dollar volume was $2.039 billion, up 1 percent from the November 1989 year-to-date figure of $2.013 billion.

The number of new listings in November, 2,688, increased 27 percent from 2,114 the same month one year before.

"The increasing number of new listings is a positive indicator for both buyers and sellers," said real estate board president Brandon Gaines.

The figures include new and existing home sales as reported to the Central Maryland Multiple Listing Service, a wholly owned subsidiary of the Greater Baltimore Board of Realtors. The figures reflect sales activity primarily in Baltimore and Baltimore, Howard, Harford and Carroll counties.

British architect Richard Rogers will make a rare public address the United States when he comes to Baltimore to speak at 7:30 p.m. Jan. 8 at the Walters Art Gallery. Mr. Rogers is the lead architect for the $200 million Christopher Columbus Center for Marine Research and Exploration.

Tickets are available from the Baltimore chapter of the American Institute of Architects, 11 1/2 W. Chase St., at a cost of $10 per person, $9 for AIA members and $8 for students. The AIA phone number is 625-2585.

Around the region:

* The Maryland chapter of the American Planning Association will hold a daylong seminar to discuss the new "2020" report on growth management initiatives in the state from the Governor's Commission on Growth in the Chesapeake Bay Region. It is scheduled 9 a.m. to 6 p.m. Monday in the Glass Pavilion on the Homewood campus of the Johns Hopkins University. Tickets are $45 per person and may be purchased at the door.

* O'Meara Properties Inc. recently opened a new development, Lions Gate Gardenhomes, in Odenton. The two-bedroom residences are priced starting at $82,700 and are available in three floor plans. More information is available from O'Meara at 551-6988.

* Patrick Kerr, former president of Legg Mason Appraisal Group, has formed the Patrick C. Kerr Appraisal Group Inc. It will specialize in real estate appraisals and consultation throughout Maryland.

* Adler Display Inc. of Baltimore has been selected by the Lacrosse Foundation to design and fabricate the Lacrosse Hall of Fame Museum under construction at 113 W. University Parkway. Adler was selected over three other display design and fabrication houses in a limited design competition.

* Kathleen A. Lewis has been appointed real estate adviser for the Baltimore County office of Manekin Corp. and will be responsible for the leasing and selling of commercial property in Baltimore County.

* Lynda Kayne Pinnix has joined Gilbert D. Marsiglia & Co. Inc. as a sales agent.

* Al Feldstein, a planner with the Maryland Office of Planning, has been named the No. 1 professional employee in Maryland state government. Mr. Feldstein, the regional planner for the Western Maryland office of the Maryland Office of Planning, received his "1990 Most Valuable Employee" award in ceremonies last month.

* Avenel, the luxury community in Potomac, has reached the halfway mark in sales. Upon completion, the 1,000-acre community will have more than 750 residences.

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