Live the Lifestyle … Live in Annapolis

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.

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.

About the Author:

If you are interested in buying or renting a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell or lease in Annapolis, Maryland and want a professional consultation on current market conditions, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

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Stephen Howell came to Annapolis to sail the Bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis. You’ll find that with the right professional by your side, you can Live the Lifestyle and Live in Annapolis.

Stephen Howell and Rocky (his lab-mix from the SPCA of Anne Arundel County in Annapolis) live on the Chesapeake Bay near Annapolis, Maryland. He works in the Annapolis real estate market. His website lets people search the Washington and Baltimore metropolitan area MLS. Buyers can also search for waterfront homes along the Chesapeake Bay. His website has current real estate data on Annapolis, Anne Arundel County, and Maryland.