Annapolis Maryland Waterfront Homes For Sale - July 2011
The prevailing breeze on the Chesapeake Bay is usually from the South West – cooling this time of year when the mercury rises above 90. At the end of Narragansett Avenue in Arundel On The Bay in Annapolis Maryland you will find the South Eastern most point in Annapolis Maryland. These homes are open to summer bay breezes and have an expansive view encompassing everything from the Chesapeake Bay Bridge to a flotilla of boating traffic on the South River. On a clear day you can see nearly all the way to Rock Hall and down to Bloody Point on the Eastern Shore and points in between on Kent Island which is about five miles across the Bay.
There are 171 Annapolis waterfront homes for sale today. The average asking price is $1,478,554 and they have been on the market an average of 177 days. The minimum asking price for active listings is $225,000, with a maximum asking price of $8,500,000, and the median asking price is $999,999. For the list of Annapolis Maryland waterfront homes for sale click here.
There are 20 waterfront properties under contract in Annapolis today. The average asking price is $1,157,687 (78% or 22% lower than the average asking price of those homes for sale) and have been on the market an average of 146 days. The minimum asking price for listings under contract is $339,000, with a maximum asking price of $6,495,000, and the median asking price is $844,950. For the list of waterfront homes under contract in Annapolis click here.
In the last 90 days there were 29 waterfront homes sold in Annapolis Maryland. The average asking price was $1,047,341 (84% or 26% lower than the average asking price of those homes under contract and 70.8% lower than those homes actively for sale) and were on the market an average of 143 days. The minimum asking price for sold listings was $399,500, with a maximum asking of $3,750,000, and the median asking price was $849,000.
The average sold price for Annapolis waterfront homes was $974,042 for a 93.0% sold-to-list ratio. The minimum sold price was $385,500, with a maximum sold price of $3,400,000, and the median sold price was $800,000. For the list of waterfront homes sold in the last 90 days in Annapolis Maryland click here.
With 9.7 waterfront homes selling each month in Annapolis Maryland, there is a 17.6 month inventory of homes for sale on the water. This really is a remarkable time for qualified buyers to consider buying waterfront property because:
- Annapolis waterfront homes are very affordable right now
- Interest rates are low even on jumbo mortgages
- Excellent financing options are available for qualifying buyers
- Timing is everything when it comes to finding just the right Annapolis waterfront venue
- Waterfront home ownership is still the everyone’s dream
NOTE: All data as of July 19, 2011.
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