Focus on The Pointe: More of the Latest Home Sales in Edgewater's South River Colony
February 8th, 2009 Categories: Buyers, Neighborhood Sales & Stats, Sellers
A Recap of the Most Recent Real Estate Market Activity at this Popular Community of 122 Luxury Townhomes
The response to last week’s post here about sales activity at the estate homes in South River Colony only validated what we already knew: that South River Colony is never far off the radar screens of homebuyers on the search for a lovely, amenity–rich community near Annapolis.
I thought I’d follow up with a synopsis of the real estate market at The Pointe, one of South River Colony’s ten neighborhood clusters. The community sits just off Route 214 and borders over 100 acres of South River Colony woods and wetlands.
Construction on these luxury townhomes was completed in 2006. They average around 3,000+ square feet on 3 levels. Over the years we’ve been in quite a few of these units and they are – on the whole – beautifully constructed with attractive architectural detail and high end finishes in the kitchens and bathrooms.
How The Current Market for South River Colony Stacks Up on the MLS
Currently there are 6 active listings in The Pointe, priced on the high end at $525,000 to $439,950 on the low end. Five of them have been on the market for 32 days or less. The other – priced at $515,000, has been listed for 114 days.
There have been 2 sales in the last 90 days including an end unit that was originally priced at $568,900 and sold for $528,000 in mid-November.
More recently, in mid-December, a townhome with a list price of $500,000 sold for $476,000. This one was on the market for 28 days; the former for 188 days.
The MLS does not show any townhomes that are currently under contract.
While sales at The Pointe compete directly with newer townhome developments such as The Vineyards of Annapolis (off Riva Road) and, to a lesser extent, Admiral’s View (just off Rt 2), neither of those communities can offer the great amenity package South River Colony can.
Given fair market pricing, we see no reason these townhomes shouldn’t continue to be an attractive buy for anyone who is looking for a newer luxury townhome package in the Annapolis area. We’d be happy to show you any of the active listings, if you’re interested.
Here’s How to Get Your South River Colony Hot Lists
If you are a buyer or homeowner who is keeping an eye on the market in South River Colony, email your name to me at KenHaedrich@gmail.com for a hot list of the latest market activity.
Specify whether your interest is The Pointe or the estate homes, and we’ll send you a detailed, up to the minute market report…and updates as they occur.
If you are a seller who has a South River Colony home to sell – or any other home to sell, for that matter – email or call me at 410-507-7222 and I’ll be happy to sit down with you and show you how we use our extensive marketing toolbox to get our clients’ homes sold.
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