Annapolis MD Market Report for Market 2012
Annapolis is as diverse as the three zip codes that make up what we call Annapolis. Well actually there are a few more, such as the zip code for the Naval Academy, but we will focus on the three main zip codes 21401, 21403 and 21409. So lets get started
Just for a bit of clarification, but not exact by any means, the zip codes cover the following areas. 21401 covers all of Annapolis, West Annapolis, out to Parole, up Generals Highway a bit and down Riva Rd a bit. 21403 is the Eastport part of Annapolis and includes all the way to the Chesapeake Bay community of Bay Ridge. 21409 is basically the Annapolis area located on the other side of the Severn River all the way to the Chesapeake Bay Bridge. Each zip code is unique to itself including the homes, amenities and convenience offered.
Just for a bit of clarification, but not exact by any means, the zip codes cover the following areas. 21401 covers all of Annapolis, West Annapolis, out to Parole, up Generals Highway a bit and down Riva Rd a bit. 21403 is the Eastport part of Annapolis and includes all the way to the Chesapeake Bay community of Bay Ridge. 21409 is basically the Annapolis area located on the other side of the Severn River all the way to the Chesapeake Bay Bridge. Each zip code is unique to itself including the homes, amenities and convenience offered.
March 2012 Market Update for Zip Code 21401
52- # of Homes Sold in March
255- # of Homes Available For Sale.
95- # of Homes Under Contract as of today
$1,200,000 High Sales Price
$120,000 Low Sales Price
$350,000 Median Sales Price
255- # of Homes Available For Sale.
95- # of Homes Under Contract as of today
$1,200,000 High Sales Price
$120,000 Low Sales Price
$350,000 Median Sales Price
March saw a 27% increase of number of homes sold over February and a 43% increase over number of solds from March 2011. Inventory is holding steady as well as number under contract which means no shortage of available inventory however with more homes being sold that could change very quickly.
4.9 # of months of inventory for Zip Code 21401
4.9 # of months of inventory for Zip Code 21401
March 2012 Market Update for Zip Code 21403
30- # of Homes Sold in March
257- # of Homes Available For Sale
105- # of Homes Under Contract as of today
$1,612,500- High Sales Price
$115,000- Low Sales Price
$367,500- Median Sales Price
March saw a 10% decrease in number of homes sold and stayed spot on for sales in March 2011. Inventory gained by 4% but the big news is number of homes under contract! A 29% increase over the previous month. New inventory hitting the market is keeping 21403 months of inventory high so there is no shortage of homes to buy.
30- # of Homes Sold in March
257- # of Homes Available For Sale
105- # of Homes Under Contract as of today
$1,612,500- High Sales Price
$115,000- Low Sales Price
$367,500- Median Sales Price
March saw a 10% decrease in number of homes sold and stayed spot on for sales in March 2011. Inventory gained by 4% but the big news is number of homes under contract! A 29% increase over the previous month. New inventory hitting the market is keeping 21403 months of inventory high so there is no shortage of homes to buy.
8.5- # of months of inventory for Zip Code 21403
March 2012 Market Update for Zip Code 21409
22- # of Homes Sold In March
128- # of Homes Available for Sale
57- # of Homes Under Contract as of today
$1,100,000- High Sales Price
$130,000- Low Sales Price
$327,500- Median Sales Price
22- # of Homes Sold In March
128- # of Homes Available for Sale
57- # of Homes Under Contract as of today
$1,100,000- High Sales Price
$130,000- Low Sales Price
$327,500- Median Sales Price
21409 saw some significant changes. 44% increase over previous month in number of homes sold and a 23% increase over March 2011. 16% increase in available inventory and a 25% increase of homes under contract. This dropped months of inventory down by 52%!!
5.8- # of months of inventory for Zip Code 21409
Market Absorption
0-4 months equals a Sellers Market
4-6 months equals a Neutral Market
7+ months equals a Buyers Market
Please keep in mind that prices are all over the board in all three zip codes due to the diversity of each area. Sales prices can change dramatically with one large or one small sale or from one neighborhood to the next as each zip code covers a wide area.
For a more detailed report on your particular home and area give me a call or shoot me an email. I will be happy to prepare a FREE market analysis for your home.
All data and charts pulled from the Metropolitan Regional Information Service (MRIS) and is deemed reliable at the time of preparing.
5.8- # of months of inventory for Zip Code 21409
Market Absorption
0-4 months equals a Sellers Market
4-6 months equals a Neutral Market
7+ months equals a Buyers Market
Please keep in mind that prices are all over the board in all three zip codes due to the diversity of each area. Sales prices can change dramatically with one large or one small sale or from one neighborhood to the next as each zip code covers a wide area.
For a more detailed report on your particular home and area give me a call or shoot me an email. I will be happy to prepare a FREE market analysis for your home.
All data and charts pulled from the Metropolitan Regional Information Service (MRIS) and is deemed reliable at the time of preparing.
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