Archive for the 'Neighborhood Sales & Stats' Category
April Real Estate Market Sales and Statistics for Annapolis and Anne Arundel County
May 21st, 2008 Categories: Buyers, Neighborhood Sales & Stats, Real Estate News, Sellers
Do the Numbers Reveal an Upturn in the Annapolis Real Estate Market? Plus…Here’s What the NAR (National Assn of Realtors) is Forecasting for the Second Half of 2008
Around the 10th of every month, the local MLS - ours is known as the Metropolitan Regional Information System - publishes real estate market sales statistics for the previous month. Here are some notable statistics for April 2008 for Anne Arundel County:
Average Sold Price: $398,231 - a slight decrease from the April 2007 figure of $398,754.
Median Sold Price: $320,000 - a 7.25% decrease from the April 2007 figure of $345,000.
Total Units Sold: 420 homes, a 30% decrease over the April 2007 figure of 600.
Average Days on Market: 137, an increase of 28.04% over the April 2007 figure of 107 days.
Those numbers may not seem too encouraging, the total units sold does represent an increase over the 331 sold in February 2008 and the 418 sold in March 2008.
Annapolis Real Estate, By The Numbers
Let’s take a closer look at what’s happening in the Annapolis market, and break it down by price range, active listings, under contract, and sold in the last 30 days. Read the rest of this entry »
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What Dinner at the Chart House Says To Us About the State of the Annapolis Real Estate Market
April 30th, 2008 Categories: Buyers, Neighborhood Sales & Stats, Sellers
April Real Estate Market Sales Statistics for Anne Arundel County Will Be Released in 10 Days and We Will Publish the Numbers Here. Until Then, Here’s Our Almost Totally Unscientific Market Story and We’re Stickin’ To It
If the local dining scene is a somewhat reliable barometer of consumer optimism, then our dinner at the Chart House in Annapolis this past Friday would lead one to believe that all the talk of a sagging economy and a housing/mortgage meltdown is falling upon deaf ears.
Indeed, judging by the throngs of diners ordering up $35 steaks, succulent shrimp, good bottles of wine, and $9.00 chocolate lava cakes - our personal favorite - you’d have to say the mood was downright festive, that nobody’s much worrying about their wallets, and things are looking decidedly up.
Who knows? Maybe people are just getting a head-start on spending their tax rebate checks, and exercising their civic duty to stimulate the economy according to our President’s hopes.
Our Boots-on-the-Ground Perspective of the Annapolis Real Estate Market
Then again, maybe - just maybe - things really are starting to turn around. Word on the street - what we’re seeing and our industry colleagues are reporting - is that the local market ”feels” like things are beginning to turn around.
I say “feels” because we can’t really quantify it yet. But phones are starting to ring and showings are up. Gun-shy buyers are starting to pull the trigger and make solid offers. And sellers are getting real about listing price. Together, these factors are breathing life and hope into the local housing market.
But Could This be a Momentary Seasonal Upswing in the Annapolis Area Market?
Sure it could be. But it could also - as I heard one analyst put it on NPR the other day - be the inevitable beginning of the end of a down-turning real estate market. Read the rest of this entry »
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Annapolis Area Real Estate, By The Numbers
February 6th, 2008 Categories: Buyers, Neighborhood Sales & Stats, Real Estate News, Sellers
From the everyday to the extreme, some interesting tidbits courtesy of our MLS: 
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Homes Currently Listed in Annapolis for $500,000 or Less: 384
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Homes Currently Listed in Annapolis for more than $500,000: 399
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Longest Days on Market for an Annapolis Listing: 1,254. (Free advice: time to consider a price reduction.)
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Most Expensive Home for Sale in Annapolis: $13,900,000. Includes 8 fireplaces, which are likely to come in handy when you have money to burn.
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Most Expensive Home for Sale in Maryland: $19,685,000. In Easton, on 605 acres, Georgian-style home.
PS - You already know this, but we’d be happy to show you any home for sale in the Annapolis area, including the last two. Just give a call.
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