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

Crofton MD Market Report for August 2012

 

Crofton MD Let's Talk Real Estate for August 2012

 

Crofton is one of those ideally situated communities nestled in the Annapolis, Washington and Baltimore triangle. Offering treed line streets, golf, swimming, tennis, community events and close by shopping, Crofton is a sought after community to call home in and around Annapolis.

So whats happening in the Crofton marketplace? After a large drop in sales from June to July sales remained strong in the detached home sale market for August. This is the seasonal adjustment that has been evident over the past 5 years. Closing assistance is holding strong with 9 out of 11 buyers receiving in August. Average assistance amount was $9,605. Detached Crofton homes are selling, on average, for 96.03% of asking price, up slightly from July. Months of inventory is down from 3 months in July to 2.72 months in August.
 
The attached or townhouse/condo market saw a rise in sales for the month once again. This too is the seasonal trend seen for the past few years. The number of homes under contract is on the rise as well with about half of the sales being short sales. Closing assistance was given in 16 of the 26 sales with the average amount being $3,756. Townhouses and condos, on average, are selling for 96.02% of their asking price. Months of inventory continues to drop.


The following Crofton Market Report is for the month of August 2012


Crofton Detached Home Market Report



11   # of Sold Detached Homes in the month of August
30   # of active detached homes for sale
17   # of under contract detached homes   

Of the 11 Detached Homes that sold in August

$346,000 was the Low Sales Price
$557,000 was the High Sales Price
$470,000 was the Median Sales Price

10 was the Low Days on Market
96 was the High Days on Market 
30 was the Median Days on Market

2.72 = number of months of inventory

Click Here To View Available Crofton Detached Homes For Sale


Crofton Townhouse/Condo Market Report


26   # of Townhouse/Condos Sold in the month of August
51   # of active townhouse/condos for sale (8 are short sales)
51   # of under contract townhouses/condos (29 are short sales)

Of the 26 Townhouse/Condos that sold In August

$130,000 was the Low Sales Price
$385,000 was the High Sales Price
$227,000 was the Median Sales Price

4 was the Low Days on Market
178 was the High Days on Market
31 was the Median Days on Market

1.96 = number of months of inventory

Click here to view available Crofton Townhouse/Condos for Sale


Absorption Rates
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

July 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.
Want to know what is happening is your particular neighborhood in Crofton?
I will be happy to do a FREE Market Analysis for your home.
 With 20 years experience working the Crofton market I can help
Give me call  or drop me an email
410-440-7839 cell/text
410-260-2800 office
martha@homesaroundannapolis.com











 

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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?? 

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         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  

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Comment balloon 2 commentsMartha Brown • October 04 2012 06:46AM

Comments

Hi Martha,  Very nice recap of the market in Crofton.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) almost 6 years ago

Thanks belinda. inventory is at its lowest in years.

Posted by Martha Brown, Your Homes Around Annapolis Agent (Long & Foster Real Estate, Inc., Annapolis MD 21403) almost 6 years ago

Participate