Luxury Condos For Sale In Annapolis Maryland - August 2011
Annapolis Maryland is well known for its waterfront location, its historic past, as well as the structures and institutions found around town. The architecture and design are unique, from the State House and the Georgian homes that accent the historic district, to its own City Dock – a vital hub of commerce and transportation since the first settlers arrived. Annapolis is the capital of Maryland, the home of the United States Naval Academy and St. John’s College. The maritime community is globally renowned. Annapolis is a wonderful place to live, play, work, and raise a family. There is tradition, academic excellence, and national prestige in the city called Annapolis.
Upscale condo living can be found in units currently on the market at Acton's Landing, Chesapeake Harbour, Park Place, Severn 100, Severn House, Shearwater and The Point. These seven complexes each offer something different to prospective buyers. For example, Chesapeake Harbour offers a casual waterfront lifestyle wrapped around a marina and restaurant where residents can enjoy a Bayside outdoor swimming pool, tennis, basketball and boating. Acton's Landing, on the other hand, offers residents a lifestyle in the heart of the Annapolis' historic district that's only a short distance from City Dock and downtown Annapolis shops and restaurants. Buyers searching for the convenience of turn-key living have their choice of luxury condominiums in the heart downtown Annapolis Maryland.
There are 31 Annapolis luxury condominiums for sale today. The average asking price is $634,071 and they have been on the market an average of 158 days. The minimum asking price for active luxury condominium listings is $500,000, with a maximum asking price of $870,000, and the median asking price is $625,000. For the list of Annapolis Maryland luxury condos for sale click here.
There are 3 luxury condominiums under contract in Annapolis today. The average asking price is $633,266 and have been on the market an average of 87 days. The minimum asking price for luxury condominium listings under contract is $599,900, with a maximum asking price of $699,900, and the median asking price is $599,999. For the list of luxury condos under contract in Annapolis click here.
In the last 90 days there were 4 luxury condominiums sold in Annapolis Maryland. The average asking price was $565,950 and were on the market an average of 118 days. The minimum asking price for sold listings was $529,000, with a maximum asking of $649,900, and the median asking price was $565.950.
The average sold price for Annapolis luxury condos was $517,500 for a 87.03% sold-to-list ratio off their original list price. The minimum sold price was $450,000, with a maximum sold price of $625,000, and the median sold price was $497,500. For the list of luxury condominiums sold in the last 90 days in Annapolis Maryland click here.
With only about 1 luxury condo selling each month in Annapolis Maryland, there is a 32-plus month inventory of luxury condominiums for sale on in Annapolis. This really is a remarkable time for highly qualified buyers to consider purchasing their first luxury condo or an additional luxury property because:
- Annapolis luxury condominiums are very affordable right now
- Interest rates are low even on jumbo mortgages
- Excellent financing options are available for qualifying buyers
- Timing is everything when it comes to finding just the right Annapolis luxury condo
- Owning a luxury condominium is everyone's dream
NOTE: All data as of August 8, 2011.
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