crofton market report
So whats happening in the Crofton marketplace? Ahh seems the winter market has hit Crofton with sales being at the January 2012 levels. Inventory levels have decreased by 24% yet closing credit by Seller to Buyer remains strong in the Crofton detached home market. Median credit amount is $15,000. Detached Crofton homes are selling, on average, for 94.74% of asking price which is down from 96.03% in August. Even though inventory is down the months of inventory has risen due to the decrease in sales.
The attached or townhouse/condo market has the winter doldrums as well with a 50% decrease in previous months sales yet in que with 2011 sales. Inventory rose by 12%. The number of homes under contract decreased as well as the number of homes under contract being a short sale. Closing credit from Seller to Buyer rose with 10 of the 12 sales having assistance. The median amount being $5,000. Townhouses and condos, on average, are selling for 96.51% of their asking price which is a strong finish. Months of inventory is on the rise.
Crofton Detached Home Market Report
23 # of active detached homes for sale
20 # of under contract detached homes
Of the 6 Detached Homes that sold in August
$335,000 was the Low Sales Price
$536,200 was the High Sales Price
$441,000 was the Median Sales Price
0 was the Low Days on Market
214 was the High Days on Market
28 was the Median Days on Market
3.83 = number of months of inventory
Click Here To View Available Crofton Detached Homes For Sale
Crofton Townhouse/Condo Market Report
12 # of Townhouse/Condos Sold in the month of September
34 # of active townhouse/condos for sale (11 are short sales)
45 # of under contract townhouses/condos (27 are short sales)
Of the 12 Townhouse/Condos that sold In September
$156,500 was the Low Sales Price
$343,000 was the High Sales Price
$292.500 was the Median Sales Price
6 was the Low Days on Market
162 was the High Days on Market
44 was the Median Days on Market
2.83 = 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
July Market Report
August 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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Martha Brown of Long & Foster Real Estate.
320 Sixth Street
Annapolis, MD 21403