Monthly Archives: January 2012

December 2011 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch

The December 2011 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch is now available.

Realestate Business Intelligence (“RBI”) is now putting out a monthly video covering local real estate market conditions. The one below is for the Balitmore Maryland metro region, which includes Annapolis and Anne Arundel County. The video is about three minutes long and reviews the basic statistics about the region.

Real estate trends can be very local, one subdivision or neigborhood trending up in price while another one is trending down in price, and the very next month it could flip-flop.

When selling a home, knowing the current trends that might affect the sale of you home is critical information to proper price positioning. Without knowing the trends, you could easily overprice your home and scare buyers away or underprice your home and give it away. Either way, you’ll miss the market and possibly loose money along the way.

When buying a home, knowing which way home prices are trending offers critical guidance so that you don’t over pay for your next home. While “timing the market” is very difficult, knowing the current real estate trends will help you know just where a home fits into todays market.

Related MarketWatch Posts:

August 2011 Baltimore Maryland Metro Region (including Annapolis and Anne Arundel County) MarketWatch

Homes For Sale in Cape St. Claire in Annapolis Maryland – January 2012

Are you looking for homes for sale in Cape St. Claire in Annapolis Maryland? If so, then you’re in the right place!

Cape St. Claire is located in Annapolis Maryland in Anne Arundel County on the Broadneck Peninsula. You will find primarily single family homes in Cape St. Claire built in the mid-1970′s, but, you can also find newer construction mixed in among older homes. There are also magnificent waterfront homes in Cape St. Claire that face out onto the Magothy River and the Chesapeake Bay. Cape St. Claire is located a short distance from downtown Annapolis. From Cape St. Claire you can easily commute to Washington DC and Baltimore. And, Cape St. Claire is short distance from the Baltimore Washington International Airport, better known as BWI.

Cape St. Claire community amenities include: community center, swimming pool, recreational area, beach, fishing/crabbing pier, boat ramp, community boat dock and more. Cape St. Claire has a web site with additional information about the homeowners association and the community.

Start searching today for homes for sale in Cape St. Claire in Annapolis Maryland for your perfect place to live.

The chart below tracks market activity for Annapolis Maryland in the 21409 zip code where Cape St. Claire is located and shows active listings, pending sales, and the number of homes sold over the last year. This is a dynamic chart and is updated about the 10th of each month.

There are 23 Cape St. Claire homes for sale for sale today. The average asking price is $562,704 and they have been on the market an average of 153 days. The minimum asking price for Cape St. Claire homes for for sale is $239,000 and a maximum asking price of $2,695,000.

There are 6 Cape St. Claire homes under contract today. The average asking price is $294,583, and they have been on the market an average of 247 days. The minimum asking price for Cape St. Claire homes under contract is $222,500 and a maximum asking price of $450,000.

In the last 90 days there were 18 homes sold in Cape St. Claire in Annapolis Maryland. The average list price was $411,647 and they were on the market for an average of 136 days. The minimum list price for sold listings was $149,000 and a maximum list price of $675,000.

The average sold price for Cape St. Claire homes in Annapolis Maryland during the period was $390,756 for a 89.75% sold-to-list ratio off their original list price. The minimum sold price was $149,000 and a maximum sold price of $650,000. The average seller subsidy paid was $4,947 and a maximum of $18,000. Seller subsidies are typically paid at closing and further reduce the net proceeds paid to the seller by that amount.

With slightly less than 6 Cape St. Claire homes selling each month, there is slightly more than a 4 month inventory of homes for sale in Cape St. Claire in Annapolis 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 this is a “seller’s market” in Cape St. Claire. It remains a remarkable time for highly qualified buyers to consider purchasing their first home or an additional property because:

  • Cape St. Claire homes in Annapolis Maryland are very affordable right now
  • Interest rates are remain very low
  • Qualifying buyers using FHA may be able to purchase with a down payment as low as 3.5%
  • Timing is everything when it comes to finding just the right Cape St. Claire home in Annapolis Maryland
  • Owning a home is everyone’s dream

Homes For Sale

Don’t waste any more time,
click here to find your Cape St. Claire home today.

NOTICE: All data as of January 12, 2012. Information 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.

What Are Single Family Homes Selling For In Annapolis Maryland – December 2011

Do you want to know what Annapolis Maryland single family homes are selling for? If so, then you’re in the right place! You’ll find answers to questions like:

  • How many unsold single family homes are there in Annapolis Maryland?
  • How long are single family homes on the market in Annapolis Maryland?
  • How do actual selling prices compare to listing prices in Annapolis Maryland?
  • Is it a buyer’s market or seller’s market in Annapolis Maryland?

Annapolis is the capital of Maryland and is centrally located in Anne Arundel County. Well situated on the Western shore of the Chesapeake Bay and surround by several rivers and creeks, including the Severn River, the South River, Spa Creek and Back Creek. Annapolis is within easy commuting distance of Baltimore and Washington DC. Fort Meade and NSA are nearby as well. And the Baltimore Washington International airport, better known as BWI, is about 30 minutes away. Centrally located in Annapolis is the rapidly growing Anne Arundel County Medical Center.

Annapolis Maryland single family homes can be found in neighborhoods and sub-divisions like Admiral Heights, Anchorage, Annapolis Roads, Arundel On The Bay, Atlantis, Bay Ridge, Cape St Claire, Cape St John, Eastport, Epping Forest, Greenwood Acres, Heritage Harbour, Hillsmere Estates, Historic Annapolis, Homewood, Hunt Meadow, Kingsport, Murray Hill, Oyster Harbor, Pendennis Mount, Primrose Acres, Revell Downs, Rolling Hills, Rolling Knolls, Rosewood, Saefern, Saltworks On The Severn, Severn Manor, Sherwood Forest, Southaven, Southwoods, St Margarets, St Margarets Landing, The Downs, The Preserve/Broad Creek, Tilghmans Landing, Timber Creek, Truxton Heights, Twin Hills, Tydings On Bay, Walnut Lake, Watergate, Weems Creek, Whispering Woods, Wilshire, Winchester On The Severn and others.

 Home In Severn Manor In Annapolis Maryland

Start searching today among the Annapolis Maryland homes for sale for your perfect place to live.

There are 366 Annapolis single family homes for sale today. The average asking price is $888,523 and they have been on the market an average of 224 days. The minimum asking price for Annapolis single family homes is $90,000 and a maximum asking price of $15,000,000.

The chart (below) tracks “New Pendings” for Annapolis Maryland single family homes and shows the number of contracts ratified each month and is the best indication of the direction of the market.

 
There are 66 Annapolis single family homes under contract today. The average asking price is $739,235 and they were on the market an average of 169 days. The minimum asking price for Annapolis single family homes under contract is $169,000 and a maximum asking price of $6,495,000.

In the last 90 days there were 144 single family homes sold in Annapolis Maryland. The average list price was $584,988 and they were on the market for an average of 137 days. The minimum list price for sold listings was $59,900 and a maximum list price of $4,925,000.

During that period the average sold price for Annapolis Maryland single family homes was $548,709 for a 93.79% sold-to-list ratio off their last list price. The minimum sold price was $70,299 and a maximum sold price of $4,550,000. The average seller subsidy paid at settlement was $4,075 and the maximum subsidy was $26,300.

With about 48 Annapolis single family homes selling last month, there is slightly less than an 8 month inventory of homes for sale. This remains a remarkable time for highly qualified buyers to consider purchasing their first single family home in Annapolis Maryland or purchasing a single family home as an investment.

The chart (below) tracks “Average Sale Price” and shows the monthly average price at which single family homes are selling in Annapolis Maryland.

 
The chart (below) tracks “Average Days On Market” and is good indication as to whether this is a “buyer’s market” or a “seller’s market”.

 
The chart (below) tracks “Average Sold to OLP Ratio” and shows discount at which Annapolis Maryland single family homes are selling for as a percentage of their original listing prices.

 
While all of these indicators are important, if you own an Annapolis Maryland single family home the best way to determine the value of your single family home is a thorough market analysis. If interested, please contact me for a no obligation competitive market analysis of your single family home’s value in today’s real estate market.

Start your search to find your Annapolis Maryland dream home today here.

NOTICE: All data as of January 1, 2012. The charts included track one or more leading market indicators and are updated on or about the 10th of every month. Information 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.

 

What Are Townhomes Selling For In Annapolis Maryland – December 2011

Do you want to know what Annapolis Maryland townhomes are selling for? If so, then you’re in the right place! You’ll find answers to questions like:

  • How many unsold townhomes are there in Annapolis Maryland?
  • How long are townhomes on the market in Annapolis Maryland?
  • How do actual selling prices compare to listing prices in Annapolis Maryland?
  • Is it a buyer’s market or seller’s market in Annapolis Maryland?

Annapolis is the capital of Maryland and is centrally located in Anne Arundel County. Well situated on the Western shore of the Chesapeake Bay and surround by several rivers and creeks, including the Severn River, the South River, Spa Creek and Back Creek. Annapolis is within easy commuting distance of Baltimore and Washington DC. Fort Meade and NSA are nearby as well. And the Baltimore Washington International airport, better known as BWI, is about 30 minutes away. Centrally located in Annapolis is the rapidly growing Anne Arundel County Medical Center.

Annapolis Maryland townhomes can be found in neighborhoods and sub-divisions like Annapolis Walk, August Woods, Chesapeake Harbor, Beechwood Hill, Cedar Ridge, Heritage Harbour, King James Landing, Mariners Landing, Oxford Landing, Riva Trace, Walnut Ridge, Whispering Woods, Windgate and others.

Townhome in Whispering Woods In Annapolis Maryland

Start searching today among the Annapolis Maryland townhomes for sale for your perfect place to live.

There are 91 Annapolis townhomes for sale today. The average asking price is $461,077 and they have been on the market an average of 141 days. The minimum asking price for Annapolis townhomes is $85,000 and a maximum asking price of $2,150,000.

The chart (below) tracks “New Pendings” for Annapolis Maryland townhomes and shows the number of contracts ratified each month and is the best indication of the direction of the market.

There are 33 Annapolis townhomes under contract today. The average asking price is $254,889 and they were on the market an average of 113 days. The minimum asking price for Annapolis townhomes under contract is $103,900 and a maximum asking price of $775,000.

In the last 90 days there were 37 townhomes sold in Annapolis Maryland. The average list price was $308,293 and they were on the market for an average of 113 days. The minimum list price for sold listings was $123,500 and a maximum list price of $1,335,000.

During that period the average sold price for Annapolis Maryland townhomes was $297,678 for a 90.02% sold-to-list ratio off their original list price. The minimum sold price was $123,500 and a maximum sold price of $1,225,000. The average seller subsidy paid at settlement was $3,358 and the maximum subsidey was $11,000

With about 12 Annapolis townhomes selling last month, there is slightly less than an 8 month inventory of homes for sale. This remains a remarkable time for highly qualified buyers to consider purchasing their first townhome in Annapolis Maryland or purchasing a townhome as an investment.

The chart (below) tracks “Average Sale Price” and shows the monthly average price at which townhomes are selling in Annapolis Maryland.

The chart (below) tracks “Average Days On Market” and is good indication as to whether this is a “buyer’s market” or a “seller’s market”.

The chart (below) tracks “Average Sold to OLP Ratio” and shows discount at which Annapolis Maryland townhomes are selling for as a percentage of their original listing prices.

While all of these indicators are important, if you own an Annapolis Maryland townhome the best way to determine the value of your townhome is a thorough market analysis. If interested, please contact me for a no obligation competitive market analysis of your townhome’s value in today’s real estate market.

Start your search to find your Annapolis Maryland dream townhome today here.
NOTICE: All data as of January 1, 2012. The charts included track one or more leading market indicators and are updated on or about the 10th of every month. Information 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.