So whats happening in the Crofton marketplace? Sales slid in the detached home sale market with a 50% decrease noted from the previous month. Closing assistance was given in 8 of the 10 sales in July. Detached Crofton homes are selling, on average, for 95.36% of asking price. Inventory is moving briskly with an average days on market of 25.
The attached or townhouse/condo market saw a rise in sales for the month. The number of homes under contract is on the rise as well. Closing assistance was given in 11 of the 18 sales. Townhouses and condos, on average, are selling for 95.19% of their asking price.
Crofton Detached Home Market Report
30 # of active detached homes for sale
13 # of under contract detached homes
Of the 10 Detached Homes that sold in July
$326,000 was the Low Sales Price
$624,000 was the High Sales Price
$490,000 was the Median Sales Price
5 was the Low Days on Market
78 was the High Days on Market
25 was the Median Days on Market
3 = number of months of inventory
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Crofton Townhouse/Condo Market Report
18 # of Townhouse/Condos Sold in the month of July
39 # of active townhouse/condos for sale (9 are short sales)
55 # of under contract townhouses/condos (28 are short sales)
Of the 18 Townhouse/Condos that sold In July
$188,000 was the Low Sales Price
$334,000 was the High Sales Price
$269.500 was the Median Sales Price
8 was the Low Days on Market
103 was the High Days on Market
43 was the Median Days on Market
2.1 = number of months of inventory
Click here to view available Crofton Townhouse/Condos for Sale
0-4 months inventory is considered a Sellers Market
5-6 months inventory is considered a Neutral/Normal Market
7+ months inventory is considered a Buyers Market
January 2012 Market Report
February 2012 Market Report
March 2012 Market Report
April 2012 Market Report
May Market Report
June Market Report
This report is an overall statistical report of Crofton as a whole.
Some neighborhoods may be experiencing different market conditions as each neighborhood is unique to itself.
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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
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Annapolis, MD 21403