Davidsonville MD Market Review- 2nd Qtr 2013
Brought to you by Martha Brown of Long & Foster Real Estate
Annapolis is surrounded by communities offering a variety of lifestyles. Davidsonville is an area offering open spaces, farmland, room for horses, a place to garden or just more elbow room. Located southwest of Annapolis, Davidsonville is a great commuter location for Washington DC. Homes range from $319,900 for a 1728 sq ft home on a third of an acre to $1,850,000 for a 6838 sq ft home on 2 acres. So what has been happening in the Davidsonville market place over the last 3 months? Lots of things it seems.
The following numbers are based on comparing the 2nd quarter sales of 2012 to 2013.
2012 saw 16 sales; 2013 saw 27 sales. That's a 40% rise in homes sold.
2012 median sales price was $750,000; 2013 was $680,000. A 9% decrease in median sales price
2012 days on market was 93 days; 2013 days on market was 67 days. A 28% decrease in DOM.
2012 list to sales price was 95.11%; 2013 was 96.55%.
What do these numbers mean? To me as a real estate professional it means the Davidsonville market is definitely improving. Though actual median sales price has decreased, this decrease, has more to do with the wide variety of neighborhoods, more so than anything else.
Currently there are 68 Davidsonville homes for sale which is a hefty number of homes. Davidsonville is certainly seeing an uptick but by no means is experiencing a Sellers Market.
Need a more in depth analysis of buying or selling your Davidsonville home?
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