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 took a plunge from a high of 20 sales in June to 9 sales in July. July sales remained even with 2011 sales with 9 sales this year and 10 last. On average homes sold for 93.9% of their asking price compared to 96% the previous month. Currently over 60% of waterfront homes are priced over $1,000,000.
As for sale 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.
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28 #of Waterfront Homes Under Contract
9 # of Sold Waterfront Homes in the month of July
Of the 9 that Sold in July
$425,000 was the Low Sales Price
$2,700,000 was the High Sales Price
$1,183,933 was the Median Sales Price
List Price to Sale Price Ratio
93.9% Median
Average Days on Market
61
There were 11 waterfront homes withdrawn from the market in July
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
CLICK HERE
March 2012 Market Report
April 2012 Market Report
May 2012 Market Report
June 2012 Market Report
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, water view or water privileged home
give me a call.
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