Annapolis Md Homes and More: Crofton Md Market for October 2012

Crofton Md Market for October 2012

Crofton Md Market for October 2012
 
crofton market report

 

Crofton is one of those ideally situated communities nestled in the Annapolis, Washington and Baltimore triangle. Offering tree lined 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 Md Market for October 2012? Yes the winter market has hit Crofton detached homes with another month of sales being at the January 2012 levels. Inventory continues to decrease dropping another 25%. That is almost half of what was available in the spring market. What this means is if you are a seller you have less competition but you should not slack off on pricing right and showing right. Comparing to the spring days on market the Crofton Md market for October 2012 has increased by almost an extra week. The number of months inventory is down which is always a positive for a well priced, well dressed seller. Detached Crofton homes sale price to list price is lower than it is in the spring market. but interestingly enough the median sales price is higher right now than it was in the spring market.

Crofton Detached Homes For Sale
 
Not so for the Crofton townhouse/condo market. Sales rose by 43% from the previous month putting the Crofton Townhouse/condo market on a roller coaster ride. Inventory remained the same and those homes under contract decreased. What is interesting is that the number of homes sold that were short sales in the Crofton Md market for October 2012 was only 20% of all sales yet the number of townhouses and condos under contract or active is over 50% each. That could have several meanings. 1) the banks are still taking their time with approvals or that buyers are shying away from short sales more and more. The following year will be interesting to follow.

Crofton Townhouse/Condos For Sale


Crofton Md Market for October 2012



7   # of Sold Detached Homes in the month of October
18   # of active detached homes for sale
17   # of under contract detached homes   

Of the 7 Detached Homes that sold in October

$336,780 was the Low Sales Price
$576,800 was the High Sales Price
$500,000 was the Median Sales Price

0 was the Low Days on Market
164 was the High Days on Market 
41 was the Median Days on Market

2.5 is the number of months of inventory





21   # of Townhouse/Condos Sold in the month of October
35   # of active townhouse/condos for sale (16 are short sales)
35   # of under contract townhouses/condos (20 are short sales)

Of the 21 Townhouse/Condos that sold In October

$135,000 was the Low Sales Price
$335,000 was the High Sales Price
$240,000 was the Median Sales Price

5 was the Low Days on Market
556 was the High Days on Market
21 was the Median Days on Market

1.6 = number of months of inventory


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

August Market Report

September Market Report


This report is an overall statistical report of Crofton as a whole.
To know what your particular neighborhood in Crofton is doing
and receive your very own report

Give me call or text me anytime
410-440-7839 cell or 410-260-2800 office
or send me an email
martha@homesaroundannapolis.com

Let me know the neighborhood and I will do a report especially for you













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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 1 commentMartha Brown • December 06 2012 10:57AM

Comments

Beautifully done Martha. This is the kind of info that folks want and need to make informed decisions.

Posted by Steve and Jan Bachman, Realtors - Northern Virginia (RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax ) almost 6 years ago

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