October 2011 Market Update for Heritage Harbour
With its wonderful location on the edge of Annapolis and the amazing amenities within; Heritage Harbour is the premier Annapolis 55+ community.
Heritage Harbour saw 6 more homes sold in October over September. The low sales price dropped in October but the average sales price rose. The number of homes available for sale remained just about the same. Days on market rose from an average of 89 days in September to an average of 148 days in October. There are 11 homes under contract, down by 4 over September.
As of today there are 51 homes, condos, or townhouses for sale.
11 homes are currently under contract
12 homes sold in the month of October
0 homes available for rent
$150,000 Low Sales Price
$454,000 High Sales Price
$274,007 Average Sales Price
19 Low Days on Market
617 High Days on Market
148 Average Days on Market
The good news is that with more sales in October the months of inventory dropped from 8 months in September to 4.25 months in October. This changes Heritage Harbour from a Buyers market to a Sellers market by number of homes sold against number of homes available.
If you are thinking about buying or selling in the Premier Annapolis 55+ community of Heritage Harbour I can help.
I have been an Annapolis Area Real Estate Agent since 1992
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