Pasadena Maryland has many waterfront and non-waterfront homes for sale. Residents living in Pasadena Maryland enjoy a waterfront lifestyle, even if they don't live on the water, since many communities offer water access via boat ramps, beaches, and community marinas. Ideally located in Northern Anne Arundel County, Pasadena Maryland is located a short distance from Fort Meade, NSA, many government contractors and other prominent area employers. Pasadena Maryland is also only a short distance of Washington DC, Baltimore and Annapolis. When it comes time to travel, Pasadena Maryland is only a few minutes from the Baltimore Washington International Airport, better known as BWI.
Pasadena Maryland includes the neighborhoods of Green Haven, Riviera Beach, Chesterfield, Farmington Village, Boulevard Park, Chelsea Beach, Elizabeths Landing, Rock Creek Estates, Greenspring, Bayside Beach, Long Point on Magothy, Poplar Ridge, Portworth, Queens Park, Aspen Park, Chesterfield Garden, Deerfield, Kellington, Laurel Acres, and Oak Harbor, just to name a few.
Temperatures are on the rise and real estate activity in Pasadena Maryland is too. Local area real estate agents are seeing strong showings at open houses, multiple offers on desirable "hot" properties, and offers coming in sometimes within weeks and even days of homes going on the market. These are real positive signs that the Pasadena Maryland real estate market could be on the rebound.
The chart below tracks current real estate market trends for Pasadena Maryland in the 21122 zip and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.
There are currently 308 homes for sale in Pasadena Maryland. The minimum asking price is $69,900, the average is $414,779, with a maximum asking price of $3,250,000. These homes have been on the market for an average of 195 days.
There are currently 156 Pasadena Maryland homes under contract. The minimum asking price is $69,900, the average is $307,724, with a maximum asking price of $1,450,000. These homes have been on the market for an average of 132 days.
There were 83 homes sold in the last 60 days in Pasadena Maryland. The minimum asking price was $84,584, the average was $264,281, with a maximum asking price of $749,900. These homes were on the market for an average of 142 days. The minimum sold price was $81,000, the average was $255,476, with a maximum sold price of $740,000 for an average sale price to list price of 88.81%. The average seller subsidy paid was $5,605 and a maximum of $20,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.
With about 42 Pasadena Maryland homes selling each month, there is about a 7 month inventory of homes for sale in Pasadena Maryland. When inventory is less than six months, this is generally considered a "seller's market". When inventory is more than six months, this is generally considered a "buyer's market". Current conditions suggest that it is a "buyer's market" in Pasadena Maryland and is trending towards a "seller's market".
NOTICE: Pasadena Maryland real estate market data as of April 19, 2012. Information about the Pasadena Maryland real estate market is believed to be accurate, but should not be relied upon without verification, is made available "As Is" and subject to revision at any time without notice.
Comments(0)