Annapolis Md Homes and More: Maryland: Annapolis

Annapolis MD- Let's Talk Real Estate for December 2012

 

Annapolis MD- Let's Talk Real Estate for December 2012

 

Annapolis is as diverse as the three zip codes that make up what we call Annapolis. Well actually there are a few more, such as the zip code for the Naval Academy, but we will focus on the three main zip codes 21401, 21403 and 21409. So lets get started

Just for a bit of clarification, but not exact by any means, the zip codes cover the following areas. 21401 covers all of Annapolis, West Annapolis, out to Parole, up Generals Highway a bit and down Riva Rd a bit. 21403 is the Eastport part of Annapolis and includes all the way to the Chesapeake Bay community of Bay Ridge. 21409 is basically the Annapolis area located on the other side of the Severn River all the way to the Chesapeake Bay Bridge. Each zip code is unique to itself including the homes, amenities and convenience offered.

 

December 2012 Market Update for Zip Code 21401


December saw a 4% increase over 2011 home sales
yet a significant drop from November sales
Available inventory increased month over month by 7%  
A good portion of the inventory change is seasonal for the market
The medium sales price fluctuates widely each month do to the wide variety of home styles and sales
 and should not be taken as a negative or positive for the market

 

47- # of Homes Sold in December
233- # of Homes Available For Sale.
80- # of Homes Under Contract as of today

$1,249,500 High Sales Price
$90,000 Low Sales Price
$350,000 Median Sales Price

 

Homes, on average, sold for 95.86% of list price.

4.9-  # of months of inventory for Zip Code 21401

Click here to see homes for sale in Annapolis 21401


 

December 2012 Market Update for Zip Code 21403



December saw a 22% increase over 2011 home sales
yet a signicant decrease from November sales
Available inventory increased by 3%
Again much of this change is seasonal
 and should not be taken as a negative

28 # of Homes Sold in December
153- # of Homes Available For Sale
67- # of Homes Under Contract as of today

$2,675,000- High Sales Price
$112,000- Low Sales Price
$342,500- Median Sales Price

Homes on average sold for 94.56% of list price

5.46%-  # of months of inventory for Zip Code 21403

Click here to see homes for sale in Annapolis 21403


 

December 2012 Market Update for Zip Code 21409


December saw a 25% decrease in home sales from 2011
as well as a seasonal December drop from the previous month
Available inventory remained the same


12- # of Homes Sold In December
88- # of Homes Available for Sale
40- # of Homes Under Contract as of today

$910,000- High Sales Price
$80,000- Low Sales Price
$320,000- Median Sales Price


Homes, on average are selling for 95.21% of asking price.
.

7.3-  # of months of inventory for Zip Code 21409

Click here to see homes for sale in Annapolis 21409

Market Absorption
0-4 months equals a Sellers Market
4-6 months equals a Neutral Market
7+ months equals a Buyers Market

Please keep in mind that prices are all over the board in all three zip codes due to the diversity of each area. Sales prices can change dramatically with one large or one small sale or from one neighborhood to the next as each zip code covers a wide area.

When you  are ready to buy or sell your home give me a call or shoot me an email. I will be happy to prepare a FREE market analysis for your home or show you how I can help you find your perfect new home..

All data and charts pulled from the Metropolitan Regional Information Service (MRIS) and is deemed reliable at the time of preparing.
*****************************************************

About the Author Martha Brown- As a third generation Annapolitan I love to write about my experiences in and out of the real estate market. Licensed since 1992 all with Long & Foster I am a Certified Residential Specialist (CRS) and a Seller Representation Specialist (SRS) whose passion is homes in the Annapolis MD area and surrounding communities. My goal is to help my clients understand the real estate market and to then make sound real estate decisions. 

 

Martha can be reached  at 410-260-2800 ofc or 

martha@homesaroundannapolis.com.

When searching for Annapolis area homes for sale

there is no better place than

www.HomesAroundAnnapolis.com

 

Have a real estate question?? 

 Ask Martha

 

 
         Bringing 'Peace of Mind' since 1992                  
 
All Photographs and/or written material and content produced by Martha Brown. All Rights Reserved and may not be reproduced or reprinted without express written permission of

Martha Brown of Long & Foster Real Estate.

320 Sixth Street

Annapolis, MD 21403

410-260-2800 office

410-440-7839 cell/text  

L&F LOgo


 

 

Comment balloon 4 commentsMartha Brown • February 04 2013 06:32AM
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