Annapolis Md Homes and More: Edgewater MD 21037 Market Report for August 2012

Edgewater MD 21037 Market Report for August 2012

 

Edgewater MD... Let's Talk Edgewater MD Real Estate for August 2012
 
Edgewater Market Report

Edgewater is located just South of Annapolis and offers homes in all styles and sizes. With its easy access to the water, parks, golf, shopping and commuter routes Edgewater is a great location for an easy living lifestyle.



So what is happening with the Edgewater marketplace? Foreclosures and short sales are holding steady with very little increase in available inventory. Edgewater sales are remaining steady. Buyers asked for  closing assistance in 14 of the 31 sales in August. On average Edgewater homes are selling for 92.46% of their asking price. Months of inventory rose just a tad from 4.8 months to 5 months. Edgewater enjoyed a 17% increase in sales year over year!!

Edgewater Market Report for August 2012

Active Homes for Sale


As of today there are 156 homes for sale
Of These:
31 are Waterfront
16 are Townhouses or Condos
9 are Foreclosures (Up by 2)
18 are Short Sales (Down by 2)


Under Contract


62 homes are Under Contract
Of These:
11 are Waterfront
6 are Townhouses or Condos
3 are Foreclosures (Down by 2)
24 are Short Sales (Same)

Homes Sold In August


 31 homes sold in the month of August
Of These:
4 were Waterfront
1 were Townhouses or Condos   
4 were Foreclosures (Up by 3)
3 were a Short Sale (down by 2)

Edgewater has 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



If you are thinking about buying or selling in Edgewater I can help.
As an Annapolis Area Real Estate Agent 
I know the market in Edgewater

Edgewater Market Report for January 2012

Edgewater Market Report for February 2012

Edgewater Market Report for March 2012

Edgewater Market Report for April 2012

Edgewater Market Report for May 2012

Edgewater Market Report for June 2012

Edgewater Market Report for July 2012


Note: This and previous market reports are for the entire Edgewater zip code of 21037. Market conditions can vary from neighborhood to neighborhood. To know your homes value in today's market please call/text or email me
 for a 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


 

 

Comment balloon 2 commentsMartha Brown • September 26 2012 08:12AM

Comments

Martha, thank you for this detailed overview, I love that you included a graph, makes the information so much easier to understand.

Posted by Tanja Cisliek (Future Home Realty) about 6 years ago
Excellent Market Report, Martha. I heard so much tonight about the Bras for Cause Charity Event in Edgewater next week that I am considering going, too.
Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) about 6 years ago

Participate