Annapolis Waterfront Market Slow But Steady For April 2012

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 held steady over the previous months sales and decreased by 3 over April 2011 sales.  2 out of the 9 sales gave closing help to the buyers ranging from $1,000 on a $1,400,000 sale to $14,000 on a $1,300,000 sale. This is down from the previous month where 5 out of 9 sales received closing assistance. Inventory is still high compared to sales volume with almost a year and a half of inventory on the market at this time. Sellers looking to sell must be patient, flexible, priced right and competitive as buyers have a wide range of homes and price ranges to pull from.

As for sales 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.