Annapolis Md Homes and More: Edgewater MD... Let's Talk Edgewater Real Estate for December 2012

Edgewater MD... Let's Talk Edgewater Real Estate for December 2012

 

Edgewater MD... Let's Talk Edgewater MD Real Estate for December 2012

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


Active Homes for Sale


As of today there are 105 homes for sale
Of These:
26 are Waterfront (Up 3)
12 are Townhouses or Condos (Down 2)
6 are Foreclosures (Down 1)
9 are Short Sales (Down 1)


Under Contract


47 homes are Under Contract
Of These:
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
Of These:
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


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




Edgewater Market Report for November 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.
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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 0 commentsMartha Brown • January 22 2013 10:42AM

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