Annapolis Waterfront Market Report- March 2012
Annapolis is surrounded by water and offers a huge expanse of waterfront living opportunities. From shallow wetlands to deep, deep water, from condos to exquisite estates waterfront living in Annapolis is a huge part of living the Annapolis lifestyle.
Please keep in mind that this Annapolis Waterfront Market Report is for the Annapolis zip codes 21401, 21403, 21409. If you have or want to buy a waterfront home in another zip code I would be happy to do a market report for that area as well. Just let me know.
Waterfront home sales decreased by 1 over the previous months sales and decreased by 2 over March 2011 sales. 5 out of the 9 sales gave closing help to the buyers ranging from $1,500 on a $185,000 sale to $20,000 on a $1,200,000 sale. As for sales price.... low and high sale prices can and do fluctuate dramatically due to waterfront homes being unique to themselves. One large sale or even one low sale can send the numbers askew so I will not be giving sale figures on price month over month or year over year.
The following report is for the Annapolis zip codes 21401, 21403, 21409
142 # of Active Waterfront Homes For Sale as of this report
29 #of Waterfront Homes Under Contract
9 # of Sold Waterfront Homes in the month of February
Of the 10 that Sold in February
$185,000 was the Low Sales Price
$1,612,500 was the High Sales Price
$490,000 was the Median Sales Price
List Price to Sale Price Ratio
Average Days on Market
There were 7 waterfront homes withdrawn from the market in March
15.7- # of months supply given current inventory against Solds.
Absorption Rate Chart
0-4 months- Sellers Market
5-6 months- Normal/Neutral Market
7+ months- Buyers Market
To view waterfront, water view and water privileged homes for sale
Each waterfront home is unique to itself and the area and water it is on. The above report is an overall statistical reading from the Multiple List (MRIS). For a detailed report targeted to your particular interest in buying or selling a waterfront home give me a call.
If your home is currently listed for sale this market report is in no way a solicitation of that listing
About the Author- Martha Brown is a Certified Residential Specialist (CRS) whose passion is homes in the Annapolis MD area and surrounding communities. As a 3rd generation Annapolitan she writes about her experiences in and out of the real estate market. Martha has been a local Realtor(R) since 1992 of which all have been associated with Long & Foster Real Estate, Inc., the largest independently owned real estate company in the Mid Atlantic.
Martha would love to hear from you so give her a call any time. Sharing her Annapolis MD area expertise is her passion. You can reach Martha at 410-440-7839 (cell) or 410-260-2800 (ofc)
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Martha Brown of Long & Foster Real Estate.
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