Current Trends - Waterfront Focus
Waterfront - Our Best Kept Secret!
Bruce is specifically focused on Southern Calvert County waterfront real estate which until 2020 remained unknown and "off the radar" of many Metro DC area home buyers. For years the Southern Maryland region has been overshadowed by many of the other destinations hubs in the 3 state area seeking to attract the DC metropolitan area’s affluent 2nd home and retirement home buyers. While our area's well-kept secret does keep us small, less developed and pleasantly rural, our waterfront home prices have not kept up with our true pricing potential over the years.
In 2020, an unexpected phenomena from the pandemic has been a flight away from metropolitan centers to drivable destination areas that provide properties with greater privacy, safety, more expanded living space and unique qualities that inspire life’s passions and higher calling. This “flight” brought a wave of new buyer demand in Southern Calvert County bayfront, riverfront and creekfront properties, which at first caused an inventory shortage in 2020, and drove up healthy price gains approaching 15 % over previous year. This momentum continued in the first half of 2021, however, as we enter summer, we are seeing some of the buyer frenzy fading and a turn around in inventory which has brought greater balance in demand and supply.
Looking Ahead to 2022
Bruce sees a continuation of buyer demand throughout 2022 as we muddle through stubborn Covid issues, however, he feels that pricing may start to level off with any change to interest rates, favorable lending conditions and/or the local employment picture. Even though savings during the Pandemic have put more money in many buyers pockets, affordability is once again becoming a factor with buyers at the price increase levels we are experiencing.
"The Best Way to see Waterfront Real Estate is from the WATER - by Boat!"
With waterfront, the real value is in the land - and its unique connection with the water from a beauty and utility perspective. Bruce and his wife Libby have the knowledge and experience of having owned both bayfront and creekfront here in Calvert County. Because he is an avid boater, Bruce can easily speak to the qualities and uniqueness of bayfront, riverfront and creekfront living and further expand in depth on cove living, bluff living, sunrises / sunsets, fishing, crabbing, boating/sailing and membership opportunities with the many water-focused social and community organizations here in Calvert.