Existing-home sales rise in Baltimore, decline in Washington

Industry Watch

July 18, 1999

While June sales of existing homes in the Baltimore area increased 14 percent over May, existing-home sales in the Washington area declined.

According to the Greater Capital Area Association of Realtors, sales of single-family homes and condominium units in Washington declined 12 percent from May, but exceeded June 1998 figures by 12 percent.

Montgomery County sales in June also decreased when compared with May, but were up 11 percent over the same period last year.

News in Brief

Ahmanson Residential Development, developers of Owings Mills New Town, has given Baltimore County a check for $500,000 toward recreation facilities for the future New Town Elementary School, as part of its obligation in the development authorization granted by the county in 1986.

O'Conor, Piper & Flynn ERA said Don Fitzgerald has been accepted for membership in the Real Estate Buyer's Agent Council (REBAC) for the second year in a row.

Coldwell Banker Real Estate Corp. signed a master franchise agreement with Zerf & Nir Ltd. for the development of franchised real estate offices throughout Israel. The new Coldwell Banker-Israel is the company's first entry into the Middle East.

The U.S. Department of Energy launched an Internet site featuring Home Energy Saver, a simulation software program that can compute a home's total energy use and point out simple home improvements that can cut energy costs. Visit www.homeenergysaver.lbl.gov.

The Sentinel Title Corp. said Jim Cosgrove was named Affiliate of the Year by the Greater Baltimore Board of Realtors.

O'Conor, Piper & Flynn ERA announced that it ranked first nationwide in all categories, including units and volumes, for ERA affiliates nationwide for year-to-date May 1999. Associates ranking in the top 10 nationwide included Whit Harvey of Greenspring and Diana Hirschhorn of Bel Air/Forest Hill for sales volume. These associate teams ranked in the top 10 nationally for total sales: Karen Bisbee and Nancy Hubble, Greenspring; Paul and Jackie Duncan, Columbia; Kevin McNamara and Monica McNamara, Ocean City/104th Street; Dave and Cookie Stone, Reisterstown; Debbie and Doug Burchardt, Ellicott City; and Rick Proctor and Donna McBrayne, Ellicott City.

Plumbing Express, a division of Phoenix Construction Inc., said property owners have until Aug. 20, or 15 years from the date of original installation, to have their polybutylene plumbing systems replaced under the class-action settlement of Spencer vs. Dupont. The systems were installed from 1979 through 1995 in more than 6 million homes. For more information, see Poly Info Central online at www.polybutylene.com or call 888-410-2281.

Moore Warfield & Glick Inc. reported a monthly sales record in May when sales exceeded $7.5 million in its Delaware offices. Sales volume in its Fenwick and Bethany offices nearly doubled from last year, with May year-to-date sales topping $25 million. Also, Vickie York was named the company's outstanding sales agent for May with nearly $2 million in monthly sales.

O'Conor, Piper & Flynn ERA said associates Kathy Langsner, of its Severna Park office, and Cindy Benton, of the Annapolis office, won second and third place respectively in the ERA Listing Contest for May out of a field of 7,000 in the company's northeast region.

The Property Management Program of the Community College of Baltimore County's Dundalk campus is enrolling students for six fall semester courses: Introduction to Business, Principles of Supervision, Human Relations/Organizations, Business Law I, Human Resources Management, and Cooperative Education I and II. Registration is accepted at the Administration Building through Aug. 27 for the semester, which begins Sept. 8. Call 410-285-9802.

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