Annapolis Maryland Luxury Condominiums

Annapolis Maryland Luxury Condominiums

If you have a half million dollars or more to spend on a condominium, just what can you buy in Annapolis, Maryland and the surrounding area?

There are 49 condominiums priced over $500,000 dollars in Annapolis, Maryland that are actively on the market (as of today, May 15, 2010).  The average asking price is $703,071 with an average of 2 bedrooms and 2 full baths, and have been on the market an average of 245 days.  You might want to check out 1915 Towne Centre Boulevard Unit 1205 which is a true luxury condominium offered at $1,725,000 - our most expensive luxury condominium listing on the market today in Annapolis.  To review the full list of luxury condos priced at $500K-plus in Annapolis, Maryland click here!

There are 9 luxury properties currently "under contract" in Annapolis.  The average asking price is $908,111 with an average of 2 bedrooms and 3 full baths, and have been on the market an average of 181 days.  The most expensive home in this group is the luxurious property also located at Grand View at Annapolis Towne Centre - 1915 Towne Centre Boulevard Unit 1211 - offered at $1,825,000.  It really is a stunning condo located in a heart of our recently opened Annapolis Towne Centre.  To browse the list of million dollar homes under contract in Annapolis, Maryland click here!

There were 3 luxury condominiums sold in Annapolis in the last 90 days.  That translates into 49 months of inventory.  Clearly a buyer's market for those shopping above one half million dollars.  The average days on market for those condos sold was 240.  Selling at an average discount of 7% off their original asking price, the average sold price is $587,833 with an average list price of $619,333 at the time of sale (where as the average list price at the time these home were listed was $652,667).  While any of the three could be my favorite of this group it is interesting to note that all are located on Spa Creek!!!  To explore the list of luxury condos that have sold in Annapolis in the last 90 days click here!

If you have a luxury condominium to sell at Annapolis, Maryland and want a professional consultation on current market conditions or if you are interested in purchasing a luxury condo in Annapolis or the surrounding area and want to tour any property currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.