Tag Archives: chesapeake bay

Alert – Low Housing Inventory In Anne Arundel County Maryland

The inventory of available homes for sale in Anne Arundel County – which includes Annapolis Maryland – has dropped to 2,289 units at the end of November 2012.  Inventory has been on the decline for several months now while sales continue at a steady pace.  This slowly diminishing inventory mans there is now 4.9 months of inventory available in the county.  When the real estate market has more than six month supply of homes for sale, it is generally considered a “buyer’s market”; when there is less than a six month supply of homes, it is generally considered a “seller’s market”.

As we transition from the fall selling cycle through the holidays (December is often the slowest month for real estate) and into winter, what remains to be seen is whether or not inventory will increase or decrease.  It is likely that sellers have been sitting on the fence waiting to see the outcome of the presidential elections (now we know) and what will happen on the precipice of the Fiscal Cliff (we dont’ know yet).

In the fall of 2006 inventory levels increased month over month until we reached the spring market of 2007 when sales plummeted.  The signal then was swift and sharp but we did not know what to make of it during the six month transition from strong sellers market to strong buyers market.  Inventory in January and the months that follow leading up to the 2013 spring market could suddenly trend upward or continue to spiral downward.  A downward trend should be accompanied by sales prices stabilizing and perhaps even increasing.

Sunset Beach Late Summer 2012

The Anne Arundel County waterfront marketplace has 315 active listing.  The minimum asking price is $115,000, the average is $1,236,070, with a maximum asking price of $9,995,000.  These homes have been on the market for an average of 307 days.

There are currently 59 Anne Arundel County Maryland waterfront homes under contract.  The minimum asking price is $179,000, the average is $1,003,093, with a maximum asking price of $8,500,000.  These homes have been on the market for an average of 207 days.

There were 98 waterfront homes sold in the last 90 days in Anne Arundel County Maryland.  The minimum asking price was $54,900, the average was $852,383, with a maximum asking price of $4,990,000.  These homes were on the market for an aveage of 180 days.  The minimum sold price was $45,000, the average was $796,498, with a maximum sold price of $4,400,000 for an average sale price to original list price of 84.69%.

With about 31 waterfront homes sold per month on average over the last 90 days there is 10.2 months of inventory.  It remains a buyers market for waterfront homes in Anne Arundel County.

Map Of Waterfront Homes For Sale In Anne Arundel County Maryland

Waterfront Homes For Sale In Anne Arundel County Maryland

To see any Anne Arundel County Maryland waterfront estate listed in the MLS or to setup a personalized search for your new waterfront dream home, contact me at showell@cbmove.com or call me at 410-923-3217 to discuss your requirements for your next home.

NOTICE: All data about Anne Arundel County Maryland waterfront homes is as of December 1, 2012.  The charts (if included) track one or more leading market indicators, are updated on or about the 10th of every month, and are interactive (so go ahead and click on them!).  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.

Waterfront Homes For Sale In Annapolis Maryland – October 2012

Are you looking for the perfect waterfront cottage or castle along the edge of the Chesapeake Bay or along the shores the Severn River or the South River or the edges of Back Creek or Spa Creek which run through Annapolis Maryland?  If so, then you’ve found the right place to start your search for just the right Annapolis Maryland waterfront setting where you will find homes that are as welcoming when your guests arrive by car as they will be when they arrive by boat.

Waterfront Homes For Sale In Annapolis Maryland

There are currently 136 waterfront homes for sale in Annapolis Maryland.  The minimum asking price is $54,900, the average is $1,631,039, with a maximum asking price of $9,995,000.  These homes have been on the market for an average of 253 days.

There are currently 23 Annapolis Maryland waterfront homes under contract.  The minimum asking price is $199,900, the average is $1,399,183, with a maximum asking price of $6,495,000.  These homes have been on the market for an average of 225 days.

There were 39 waterfront homes sold in the last 90 days in Annapolis Maryland.  The minimum asking price was $150,000, the average was $1,082,585, with a maximum asking price of $1,050,000.  These homes were on the market for an aveage of 132 days.  The minimum sold price was $150,000, the average was $1,003,569, with a maximum sold price of $2,750,000 for an average sale price to original list price of 86.03%.

With only 13  waterfront homes selling each month, there is a little more than a 10.5 month supply of waterfront homes for sale.  When the real estate market has more than six month supply of waterfront homes for sale, it is generally considered a “buyer’s market”; where is there is less than a six month supply of waterfront homes, it is generally considered a “seller’s market”.

Map Of Waterfront Homes For Sale In Annapolis Maryland

Waterfront Homes For Sale In Annapolis Maryland

To see any Annapolis Maryland waterfront estate listed in the MLS or to setup a personalized search for your new waterfront dream home, contact me at showell@cbmove.com or call me at 410-923-3217 to discuss your requirements for your next home.

NOTICE: All data about Annapolis Maryland waterfront homes is as of October 3, 2012. The charts (if included) track one or more leading market indicators, are updated on or about the 10th of every month, and are interactive (so go ahead and click on them!). 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.

Live the Lifestyle – Live On The Chesapeake Bay

Live the Lifestyle … Live On The Chesapeake Bay

Chesapeake Bay waterfront homes are some of the most sought after real estate in the Washington-Baltimore metropolitan area.  The Bay, as it’s locally referred to, offers boaters and fishermen a vast playground for water oriented recreational activities.  Many waterfront homes located along the shores of the Chesapeake Bay offer unrivaled waterfront vistas, piers (some with deep water), and sandy beaches.  You can find castles and cottages along the Chesapeake Bay in Annapolis, Gibson Island, Arnold, Edgewater, Shady Side, Churchton, Deale, and a few other locations.

Search Chesapeake Bay Waterfront Homes For Sale

Live the Lifestyle … Live On The Chesapeake Bay

NOAA Charts Online For Waterways Around Annapolis Maryland

NOAA Charts can be found online for waterways around Annapolis Maryland and points of interest along the South River, Severn River, Magothy River, and many other areas.  The U.S. Coast Survey provides these excellent resources to explore the Chesapeake Bay – its tributaries, rivers, and creeks – online before you set out for a day sail or extended cruise to one of the many destinations you can easily reach by sail or power.

NOAA Chart 12283 - Annapolis Harbor

According to the U.S. Coast Survey website:

President Thomas Jefferson created the U.S. Coast Survey in 1807 to provide nautical charts that would help the young nation with safe shipping, national defense, and maritime boundaries. Two centuries later, Coast Survey – now an office within National Oceanic and Atmospheric Administration (NOAA) – continues to provide navigation products and services that ensure safe and efficient maritime commerce on America’s oceans and coastal waters, and in the Great Lakes.

Two hundred and five years later, the U.S. Coast Survey still provides our nation with nautical charts ensuring safe navigation.

If you are considering purchasing waterfront property in the Annapolis, Anne Arundel County, Maryland area, explore the area using the waterway charts online from NOAA before heading out by land or by sea.

Waterfront Homes For Sale With Docks and Boat Lifts In Annapolis Maryland

Living a waterfront lifestyle in Annapolis Maryland on the Chesapeake Bay, South River, Severn River, Back Creek or Spa Creek means having a dock or pier where you can keep you sailboat, power boat, jet sky, canoe, or kayak.  The ultimate luxury is to have a home where you can walk out your front door (remember the “water side” of waterfront property is the “front”, not the street side which is considered the “back”) and down to your private pier, lower your vessel into the water and head right out for some fun on the Bay.

The fishing boat (pictured below) is on an electric lift.  You can see vertical PVC pipes used as guides to enter the lift when it’s down in the water and cannot be seen from the helm of the boat.  The two guides in the immediate foreground are for a jet ski lift (you can see the mechanical white box below the bow of the boat on the lift).

Waterfront Home With Dock and Boat Lift

Boat lifts come in various sizes and will support boats of substantial weight.  Jet skis, power boats and even sailboats are often stored using hoists and lifts keeping them high and dry.  Using a boat lift can eliminate the need for anti-fowling paint (commonly called “bottom paint”) on the vessel.  Lifts are almost always electric and easy to operate providing full hull support on two rails.  On the other hand, hoists can be manual (using a crank) or electric (with manual backup).  An example of a private pier with a boat lift is pictured below.  Piers will require electric service to operate a lift.  It’s also nice to have fresh water dockside as well.

Empty Boat Lift On The Chesapeake Bay

Don’t waste any more time start your searching for your ideal Annapolis Maryland waterfront home with a dock or pier today.  Contact me to tour any waterfront property or waterfront estate listed in the MLS or to setup a personalized search for your new waterfront dream home in Annapolis Maryland.

Chesapeake Bay Waterfront Homes For Sale – April 2012

Chesapeake Bay waterfront homes are some of the most sought after real estate in the Washington-Baltimore metropolitan area. The Bay, as it’s locally referred to, offers boaters and fishermen a vast playground for water oriented recreational activities. Many waterfront homes located along the shores of the Chesapeake Bay offer unrivaled waterfront vistas, piers (some with deep water), and sandy beaches. You can find castles and cottages along the Chesapeake Bay.

Chesapeake Bay waterfront homes are well located only a short distance from Annapolis and the major metro areas of Washington DC and Baltimore.  Local shopping, area attractions, and more are all within within easy driving distances.  If you work for the Federal government, at one of the many military installations around the area (including Ft. Meade or NSA or other local government contractors) you can easily live a waterfront lifestyle.  You also have the Baltimore Washington International Airport, better known as “BWI”, the region’s airport nearby.

Chesapeake Bay Waterfront Homes For Sale

The spring selling season is heating the Chesapeake Bay waterfront real estate market.  Real estate activity, like recent temperatures, have been on the rise.  Real estate agents are seeing have seen increased visitors to open houses, sometimes receiving multiple offers on desirable waterfront properties, and offers coming in within weeks and even days of waterfront homes going on the market. These are real positive signs that the Chesapeake Bay real estate market could be on the rebound.

The chart below tracks current real estate market trends for Anne Arundel County in Maryland where many Chesapeake Bay waterfront homes are located and shows active listings and new pending sales over the last year. The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

There are 392 Chesapeake Bay waterfront homes for sale for sale today. The average asking price is $1,184,155 and they have been on the market an average of 275 days. The minimum asking price for Chesapeake Bay waterfront homes for sale is $150,000 and a maximum asking price of $15,000,000.

There are 80 Chesapeake Bay waterfront homes under contract today. The average asking price is $1,001,519, and they have been on the market an average of 237 days. The minimum asking price for Chesapeake Bay waterfront homes under contract is $124,500 and a maximum asking price of $6,495,000.

In the last 90 days there were 59 homes sold on the Chesapeake Bay waterfront in Anne Arundel County Maryland. The average list price was $851,470 and they were on the market for an average of 188 days. The minimum list price for sold listings was $161,900 and a maximum list price of $5,950,000.

The average sold price for Chesapeake Bay waterfront homes in Anne Arundel County Maryland during the period was $504,000 for a 83.47% sold-to-list ratio off their original list price. The minimum sold price was $150,000 and a maximum sold price of $5,100,000. The average seller subsidy paid was $3,425 and a maximum of $30,000. Seller subsidies are typically further reduce the net proceeds paid to the seller by that amount and are usually paid at the time of closing.

With about 20 Chesapeake Bay waterfront homes in Anne Arundel County selling each month, there is about a nineteen and one half month inventory of homes for sale on Chesapeake Bay waterfront in Anne Arundel County 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 it is a “buyer’s market” for Chesapeake Bay waterfront homes.

Chesapeake Bay Waterfront Homes For Sale

Don’t waste any more time, click here to find your ideal Chesapeake Bay waterfront home.
 
Map of Chesapeake Bay Waterfront Homes For Sale
The Chesapeake Bay is the largest estuary in the United States.  It’s more than just a place to live a waterfront lifestyle, the Chesapeake Bay is a livelihood for waterman, as well as, a playground for boaters, fishermen, and hunters alike.  To learn more about what you can do to save the Bay, please visit the Chesapeake Bay Foundation.  Their mission is to save a national treasure – The Chesapeake Bay.

Stephen Howell specializes in listing and selling Chesapeake Bay waterfront real estate, waterfront listings on Chesapeake Bay in Maryland, real estate on the Chesapeake Bay in Maryland, waterfront estates in Annapolis Maryland, waterfront estates on Chesapeake Bay in Maryland, luxury properties in Maryland, and waterfront real estate on Severn River, Back Creek, Spa Creek, South River and West River.

NOTICE: All data as of April 10, 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.

Waterfront Homes For Sale Less than $750,000 on the Chesapeake Bay, Annapolis, Maryland 21401

Waterfront Homes For Sale Less than $750,000 on the Chesapeake Bay, Annapolis, Maryland 21401

 
If you’ve ever thought about owning a waterfront home on the Chesapeake Bay or one of the many creeks and rivers that feed into the Bay, now is an excellent time to consider making a purchase.  Today there were 135 active waterfront listings from which to choose in Anne Arundel County.  The average asking price was $534,885 with an average days-on-market of 171.  There were 24 waterfront homes that were under contract with an average asking price of $480,617.  There were also 19 waterfronts that were sold within the last 90 days.  The average list price when originally listed for those homes that sold was $542,563 and the list price at the time of sale was $486,668.  The list price to sold price ratio was 81.3% from the original list price!!!  With a 23 month supply of homes from which to choose, buyers should be able to find steals and deals among these homes.  While prices trend upward as you get closer to Annapolis, Maryland, there is something for everyone and bargins for all to be had.

Ginger Creek, Annapolis, Maryland 21401

Ginger Creek, Annapolis, Maryland 21401

If you are interested in a list of single family waterfront homes for sale with an asking price less than $750,000 then click here (or for the full list of active, under contract and waterfront homes sold within the last 90 days then click here!).  Most of the homes found on this list are in and around Annapolis, Maryland, including the area of Arnold, Crownsville, Edgewater, and Riva.  Some homes are “true” waterfront properties while others are non-riparian waterfront home (meaning you wouldn’t own the rights to the waterfront but for all intents and purposes you are “waterfront” – for more information on riparian and non-riparian waterfront properties, click here!).

Ginger Creek, Annapolis, Maryland 21401

Ginger Creek, Annapolis, Maryland 21401

Many waterfronts have docks.  While deep water is hard to find under $750,000, there’s often plenty of water depth for small-to-medium sized run-abouts.  So if you’re looking for deep water (4-plus feet), you’ll need paitence and will need to move on any property you find.  Some docks have lifts to keep boat out of the water and some don’t.

As spring turns to summer, waterfront properties become more and more in demand.  Peak interest in waterfront homes around Annapolis, Maryland is from late-April/early-May until mid-September/early-October.  While many camps and cottages were converted years ago for year-round occupancy, you can still find from time-to-time a older waterfront tear-down that isn’t suitable for year-round occupancy.

If you are interested in purchasing a waterfront home on the Chesapeake Bay and want to tour any home currently on the market or if you have an Anne Arundel County waterfront home to sell 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.

Rocky on the Pier at Ginger Creek, Annapolis, Maryland 21401

Rocky on the Pier at Ginger Creek, Annapolis, Maryland 21401

Stephen Howell and Rocky (his lab-mix from the SPCA of Anne Arundel County in Annapolis) now live in Winter’s Chase at Riva Trace in 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.

Note: This post was originally posted here!