Severna Park MD, 21146
| December |
2009 | 2008 | % Change |
| Sold Dollar Volume | $6,347,400 |
$10,642,660 |
-40.36% |
| Average Sold Price | $423,160 |
$560,140 |
-24.45% |
| Median Sold Price | $424,000 |
$535,000 |
-20.75% |
| Total Units Sold | 15 |
19 |
-21.05% |
| Average Days on Market | 85 |
166 |
-48.80% |
| Average List Price for Solds | $466,213 |
$676,072 |
-31.04% |
Unlike November, 2009 Severna Park, MD has shown a pretty significant, negative sales trend in December. When comparing December 2009 to December 2008, almost every category, except days on the market, went in the wrong direction.
Some of the activity could have been affected by first time home buyers trying to cram in a sale in November before the $8,000 tax credit was to originally have expired.
Severna Park, MD had an inventory of 168 homes for sale at the end of December.
Fifteen new listings came on the market and eleven listings went under contract. Another 5 listings were market contingent contract. The inventory of homes for sale remained fairly constant.
Thirteen of the fifteen homes that sold were priced under $500,000. For Severna Park, MD this is fairly unusual. The average and median sales prices were driven down 24% and 20% respectively, comparing December 2008 to 2009.
It's pretty difficult to say what this means for the 21146 zip code right now. Monthly data is showing pretty large swings and hasn't settled into a steady pattern.
Severna Park, MD real estate home sales underperformed many other communities in Anne Arundel County for the month of December. 21146 still remains a pretty strong buyers market.
If you're not already working with a Realtor® to find that perfect Severna Park, MD home, I can help. Call me at 443-995-9595 any time.
SOURCE: Metropolitan Regional Information Systems, Inc.
Information deemed reliable, but is not guaranteed.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
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