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Annapolis Waterfront- Let's talk Real Estate for October 2012

 

Annapolis Waterfront- Let's talk Real Estate for October 2012
 
annapolis waterfront


Annapolis is surrounded by water and offers a huge expanse of waterfront living opportunities. From shallow wetlands to deep, deep water, from condos to exquisite estates waterfront living in Annapolis is a huge part of living the Annapolis lifestyle.

Please keep in mind that this Annapolis Waterfront Market Report is for the Annapolis zip codes 21401, 21403, 21409. If you have or want to buy a waterfront home in another zip code I would be happy to do a market report for that area as well. Just let me know.

So let's talk waterfront real estate. Winter is coming and as it does each year the waterfront market does a seasonal adjustment in sales. Even so the waterfront market, in October, saw a 40% increase in sales over October 2011 and a 39% increase over all waterfront sales in Anne Arundel County from the previous year. 50% of the homes sold were homes over $1,000,000. On average waterfront homes are selling for 95.94% of their asking price which is up from the previous month  Inventory is down 6% from the previous month and 12 waterfront homes for sale were withdrawn from the market. This happens quite often this time of year as many sellers believe winter and the holidays is not a good time to sell. You may want to read Out In The Cold... for a different perspective on withdrawing from the market

As for sale price.... low and high sale prices can and do fluctuate dramatically due to waterfront homes being unique to themselves. One large sale, which is what happened this month, or even one low sale can send the numbers askew so I will not be giving sale figures on price month over month or year over year. 

 


The following market report is for the Annapolis zip codes 21401, 21403, 21409

Online Graphing



128  # of Active Waterfront Homes For Sale as of this report
25   # of Waterfront Homes Under Contract  

10   # of Sold Waterfront Homes in the month of October  

Of the 10 that Sold in October

$190,000 was the Low Sales Price
$4,400,000 was the High Sales Price
$1,075,850 was the Median Sales Price

List Price to Sale Price Ratio
95.94% Median

Average Days on Market
118

There were 12 waterfront homes withdrawn from the market in October


10-   # of months supply given current inventory against sold homes.

Absorption Rate Chart
0-4 months- Sellers Market
5-6 months- Normal/Neutral Market
7+ months- Buyers Market


To view waterfront, water view and water privileged homes for sale
CLICK HERE





Each waterfront home is unique to itself and the area and water it is on.
 The above report is an overall statistical reading from the Multiple List (MRIS).
 For a detailed report targeted to your particular interest in buying or selling
 a waterfront, water view or water privileged home
give me a call. 
I am located in the Annapolis/Eastport office of Long & Foster

*****************************************************

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 0 commentsMartha Brown • November 07 2012 06:53AM
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