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Crownsville offers a variety of homes and lifestyle. From waterfront, water access, estate homes and everything in between, Crownsville is a great area to call home. And it is conveniently located for heading to Annapolis, a quick trip to Rt 97 towards Baltimore and even Washington DC is easily obtainable.
So what is going on in the Crownsville marketplace? Sales in May climbed upward AND are up from May a year ago by 36%!! Properties under contract dipped slightly but available inventory stayed the same. Short Sales and Foreclosures are still holding on the low end with those under contract remaining the same. 7 out of 14 home sellers paid closing assistance to the buyer. Amounts ranged from a low of $7,920 to a high of $20,000. Days on market is continuing to decrease with a high of 168 this month compare to a high of 276 last month. Home sellers, on average, are receiving 93.4% of their asking price.
So what does this mean for the Crownsville homeowner? It would still be in your best interest to be priced right and in show condition to sell your Crownsville home.
The following Crownsville Market Report is for the month of May 2012
75 # of Active Crownsville Homes For Sale as of this report 11 of these homes are Waterfront 20 # of Homes Under Contract as of this report 1 of these homes are Waterfront 2 of these homes are Foreclosures 4 of these homes are Short Sales
14 # of Crownsville Homes Sold in the Month of May 1of these homes were waterfront 2 of these homes was a Foreclosure or Short Sale
Sale Prices $160,000 was Low Sales Price $800,000 was High Sales Price $512,500 was Median Sales Price
Days on Market 0 was Low Days on Market 530 was High Days on Market 156 was Median Days on Market
Keep in mind that Crownsville offers homes in price ranges starting from $39,900 for a mobile home to $1,695,000 for an estate home in Cranberry Woods. With this range in home prices the average sales price will fluctuate quite dramatically from month to month depending on the overall price range that sold. The above report is an overall statistical reading from the Multiple List (MRIS). For a detailed report targeted to your particular price range and neighborhood in buying or selling a Crownsville home please give me a call. 410-440-7839 or drop me an email email@example.com
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)
Every effort has been made to assure that the information in this blog is as accurate as possible. Martha Brown of Long & Foster Real Estate, Inc. disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to any information provided by third parties which is accessed through this blog via a hyperlink.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.