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Edgewater MD... Let's Talk Real Estate for January 2013

Edgewater MD... Let's Talk Real Estate for January 2013

Brought to you by Martha Brown of Long & Foster Real Estate


Edgewater is located just 10 minutes south of Annapolis and is home to Historic Lond Town and Gardens. Offering homes in all styles and sizes, residents like it's easy proximity to Annapolis and commuter routes to Washington DC. Edgewater offers many communities with water access plus ease of shopping and dining. Home prices range from $135,000 for a 600 sq. ft. cottage to $3,199,000 for a 9,000 sq. ft. waterfront haven.

Edgewater Market Report

So what is happening in the Edgewater marketplace?
In 2012 Edgewater saw a 11% increase in home sales overall.
The banks seem to be working with home sellers as short sales increased from 22 in 2011 to 40 in 2012.
Foreclosures dropped from 33 in 2011 to 21 in 2012. 
As for month over month, inventory is picking up a bit with a 6% increase over Decembers inventory levels.
 Sales rose by 1 month over month. 
On average Edgewater homes are selling for 94.52% of their asking price.  

Active Homes for Sale


As of today there are 111 homes for sale
Of These:
29 are Waterfront (Up 3)
14 are Townhouses or Condos (Up 2)
3 are Foreclosures (Down 3)
12 are Short Sales (Up 3)


Under Contract


55 homes are Under Contract
Of These:
3 are Waterfront (Up 2)
10 are Townhouses or Condos (Up 2)
5 are Foreclosures (Up 2)
21 are Short Sales (Up 1)

Homes Sold In January


 17 homes sold in the month of January
Of These:
0 were Waterfront (Down 2)
3 were Townhouses or Condos  (Same) 
2 were Foreclosures (Same)
2 were a Short Sale (Down 1)

$140,000 was Low Sales Price
$550,000 was High Sales Price
$325,000 was Median Sales Price

Edgewater has 6.5 months of inventory


Market Absorption/Inventory Rate

0-4 months is considered a Sellers Market
5-6 months is considered a Normal Market
7 months and above is considered a Buyers Market


Click here to view all Edgewater homes for sale






Note:
This and previous market reports are for the entire Edgewater zip code of 21037. There are many communities within the Edgewater zip code which means  market conditions can vary widely from community to community. To know your homes value in today's market please call/text or email me for your FREE Market Analysis.

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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


 

 

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