EDGEWATER, MD 21037 MARCH REAL ESTATE STATISTICS
These stats are provided by MRIS and http://calvertarundelhomes.com
March 2014 real estate statistics for Edgewater, MD are in and it's another very solid month in Southern Anne Arundel! The Sold Dollar Volume was up over 14% and the average sale price was up 14% as well. Total units sold remained the same as 2013 at 18 units,
The average days on market was up to 146 days from 115 days in 2013 that's nearly a 27% increase. The average Sales price to OLP (original list price ratio) was 93.5% up from 92.2% in 2013.
The average sold price of a detached house was $408,619 (up 12.78%) and there were 6 sales of attached housing for the month at an average price of $355,000.
There were 121 active listings compared to 118 active listings in 2013. This is a 2.50% increase. The continuing upswing in prices has led to more listings coming online. Another good indicator in the strength of the Edgewater market is the type of financing being used. 14 of the 18 sales in March were either cash or conventional. A conventional buyer is generally considered to be stronger as they need a larger down payment and a better credit score in order to qualify for a mortgage.
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