Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

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Annapolis Real Estate Market Statistics September 2009

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For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales – including single-family, townhomes, condominiums, and co-ops – increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008.

Existing Home Sales By Region

“The housing market has decisively turned for the better,” said Lawrence Yun, chief NAR economist. “A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales.”

Anne Arundel County figures for August 2009 are shown below.

2009 2008 % Change
Total Sold Dollar Volume: $ 170,183,103 $ 162,938,402 4.45 %
Average Sold Price: $ 360,557 $ 376,301 – 4.18 %
Median Sold Price: $ 300,000 $ 325,000 – 7.69 %
Total Units Sold: 472 433 9.01 %
Average Days on Market: 132 121 9.09 %
Average List Price for Solds: $ 406,090 $ 415,341 – 2.23 %
Avg Sale Price as a
percentage of Avg List Price:
88.79 % 90.60 %
Total Number of NEW listings
taken for the month: 816
Total Number of Properties
marked Contract for the month: 375
Total Number of Properties
marked Contingent for the month: 204
Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 579

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
P.S.  Call me today for all your Annapolis real estate needs.

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Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
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