Annapolis Md Homes and More: Maryland: Annapolis

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

 

Annapolis MD- Let's Talk Real Estate for October 2012
 
Thomas Point Lighthouse

 

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.

 

October 2012 Market Update for Zip Code 21401

October saw a 24% increase over 2011 home sales
Available inventory decreased by 19%  
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

 

52- # of Homes Sold in October
225- # of Homes Available For Sale.
93- # of Homes Under Contract as of today

$4,400,000 High Sales Price
$115,100 Low Sales Price
$332,500 Median Sales Price

 

Homes, on average, sold for 95.13% of list price.

4.3-  # of months of inventory for Zip Code 21401

Click here to see homes for sale in Annapolis 21401


 

October 2012 Market Update for Zip Code 21403

October saw a 42% increase over 2011 home sales 
Available inventory decreased by 11%
Again much of this change is seasonal
 and should not be taken as a negative

46 # of Homes Sold in October
177- # of Homes Available For Sale
78- # of Homes Under Contract as of today

$2,450,000- High Sales Price
$135,000- Low Sales Price
$390,250- Median Sales Price

Homes, on average, sold for 94.89% of list price.

 

3.8%-  # of months of inventory for Zip Code 21403

Click here to see homes for sale in Annapolis 21403


 

October 2012 Market Update for Zip Code 21409

October saw a 37% increase in home sales from 2011
Available inventory remained the same


19- # of Homes Sold In October
94- # of Homes Available for Sale
32- # of Homes Under Contract as of today

$760,000- High Sales Price
$140,000- Low Sales Price
$362,400- Median Sales Price


Homes, on average are selling for 94.65% of asking price.
.

4.8-  # 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 3 commentsMartha Brown • December 18 2012 06:52AM
Annapolis MD- Let's Talk Real Estate for October 2012
share
Annapolis MD- Let's Talk Real Estate for October 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… more
Candlelight Tour of the Annapolis Md State House
share
Candlelight Tour of the Annapolis Md State House I have always loved Christmas in Annapolis. The lights, the greenery, the brick lined streets, and the colonial homes dressed in their Christmas finery brings an almost Dickens quality… more
Its Midnight Madness in Downtown Annapolis… Fa la La!!
share
Its Midnight Madness in Downtown Annapolis… Fa la La!! I love Midnight Madness in Annapolis. It is one of my favorite times of celebrating Christmas living here. If you have never been then let me fill you in a bit. … more
Shopping Small Business Resonates Through The Decades With Me
share
Shopping Small Business Resonates Through The Decades With Me I grew up a small town girl with parents and grandparents who owned small businesses in downtown Annapolis. And when I look back at my high school yearbook I see names of… more
Edgewater MD… Let's Talk Edgewater MD Real Estate for October 2012
share
Edgewater MD… Let's Talk Edgewater MD Real Estate for October 2012 Why do people live in Edgewater? Edgewater is located just 10 minutes south of Annapolis and offers homes in all styles and sizes. People like it's easy proximity to… more
Taking It To The Finals… Good Job General Highway Tigers!!
share
Taking It To The Finals… Good Job General Highway Tigers!! My grandson Jett played football (quarterback) this year for a team that is in it's 2nd year of existence. The team took it all the way to the finals and today was the final… more
2012 Annapolis Gingerbread Parade of Homes
share
2012 Annapolis Gingerbread Parade of Homes The 2012 Gingerbread Parade of Homes Competition is coming up and registration deadline is just around the corner on November 26th. There will be two categories, non professional and… more
Heritage Harbour MD Let's Talk Real Estate for October 2012
share
Heritage Harbour MD Let's Talk Real Estate for October 2012 With its wonderful location on the edge of Annapolis and the amazing amenities within Heritage Harbour is the premier Annapolis 55+ community. The… more
St Johns College And The Liberty Bell
share
Out and About Annapolis St Johns College And The The Liberty Bell History fascinates me and Annapolis has lots of it. Take the Liberty Bell at St. John… more
Charm City Run's Annual Healing in Heels Race in Annapolis Md
share
Out and About Annapolis Charm City Run's Annual Healing in Heels Race Sunday November 11th What a fabulous and fun 550 yard dash… more