The Latest Home Sales in South River Colony in Edgewater

February 4th, 2009 Categories: Buyers, Sellers

A Search of the MLS Shows That Sales are a Little Slow in this Popular Subdivision Near Annapolis…and a Great Opportunity for Home Buyers

Speaking of Edgewater – home of The Fifty Dollar Home mentioned in the previous blog post – I just checked the MLS to get the latest activity on home sales in South River Colony.

Things aren’t exactly going like gangbusters. I’m referring to the larger estate homes now…where there are 14 active listings, 2 homes under contract, and only one home sold in the last 120 days.

To be sure, this is not the end of the market where homes are flying off the shelf. The lowest priced home is one at $650,000 – a real steal for this neighborhood – with the highest priced home coming in at $1,950,000.

The average Days on Market for the active listings is 147. Five of the homes have been on the market for more than 200 days. On quite a few of the homes, the prices haven’t budged, even after many days on the market. Makes you wonder just how badly these sellers want to sell. (With lovely golf course views like this from many of the homes, you can’t blame them for having mixed feelings about moving.)

If you’re a buyer keeping an eye on South River Colony, sign up for our South River Colony Hot List. Email me at kenhaedrich@gmail.com with your name and email address and I’ll send you a detailed report with the latest sales activity, along with instant updates on any new activity.

If you’re a seller who would like to sell your South River Colony home, email or call me at 410-507-7222 and I’ll show you how we can sell your home and you can avoid become one of those listings that just linger on the market.

Thanks for logging on to AnnapolisHomeDigest, brought to you by The Moss Haedrich Team of Keller Williams, Annapolis. Stop by again soon, or subscribe by filling in your email address in the form on the upper left.

This entry was posted on Wednesday, February 4th, 2009 at 5:03 pm and is filed under Buyers, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Who Reads AnnapolisHomeDigest.com said at April 3rd, 2009 at 10:35 am
[...] to arrive. Often there’s little surprise – blogging about particular neighborhoods, like South River Colony, always gets lots of traffic. And sometimes, plenty of surprise: I still can’t figure out [...]