Why do people live in Edgewater?
Edgewater is located just 10 minutes south of Annapolis and offers homes in all styles and sizes. People like it's easy proximity to Annapolis and commuter routes to Washington DC. Edgewater offers many communities with water access and ease of shopping and restaurants in the Edgewater zip code. Home prices range from $69,000 for a 600 sq. ft. cottage to $1,650,000 for a 3,000 sq. ft. waterfront haven.
So what is happening with the Edgewater marketplace? Like many areas in and around Annapolis inventory is dropping however the sales in Edgewater are dropping too. Since the last market report in November inventory has dropped another 12% and sales have been taking a steady downward spiral since August. More hard to swallow is the news that sales dipped 35% when comparing year over year. On average Edgewater homes are selling for 94.18% of their asking price. Compared to some other areas around, Edgewater is taking longer in gaining consistent strength. Months of inventory 6.2 months.
Edgewater Market Report for December 2012
26 are Waterfront (Up 3)
12 are Townhouses or Condos (Down 2)
6 are Foreclosures (Down 1)
9 are Short Sales (Down 1)
47 homes are Under Contract
1 is Waterfront (Same)
8 are Townhouses or Condos (Same)
3 are Foreclosures (Down 1)
20 are Short Sales (Down 1)
Homes Sold In December
17 homes sold in the month of December
2 were Waterfront (Down 3)
3 were Townhouses or Condos (Same)
2 were Foreclosures (Down 3)
3 were a Short Sale (Same)
$57,750 was Low Sales Price
$1,235,000 was High Sales Price
$349,999 was Median Sales Price
Edgewater has 6.2 months of inventory
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
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
Edgewater Market Report for August 2012
Edgewater Market Report for September 2012
Edgewater Market Report for October 2012
Note: This and previous market reports are for the entire Edgewater zip code of 21037. There are many communities within the Edgewater zip code and market conditions can vary from community to community. To know your homes value in today's market please call/text or email me
for a FREE Market Analysis.
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
When searching for Annapolis area homes for sale
there is no better place than
Have a real estate question??
Martha Brown of Long & Foster Real Estate.
320 Sixth Street
Annapolis, MD 21403