In Anne Arundel County, the real estate statistics through the end of July 2015 show that this year’s sales have been stronger than last year’s, with 17.47% more homes sold (a total of 4573). However they sold 8.75% slower, with an average of 87 days on market.
The number of waterfront homes sold in Annapolis year to date in 2015 was the same as 2014. Across Anne Arundel County, sales of waterfront homes were up 6.21% compared to the previous year. However, the average sold price was down 4.88%.
- Average Discount Off Original Price: 5.2% (was 4.8%)
- Average Days on the Market: 87 (up 8.75%)
- Number of Homes for Sale: 3,270 (down 1.74%)
- Total Sales: $1,639,166,265 (up 14.77%)
- Average Sold Price: $358,444 (down 2.27%)
- Real Buyers (Home Sold): 4573 (up 17.47%)
(Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data Copyright 2015 – Information deemed reliable, but is not guaranteed.)
Whereas the overall statistics show that we have moved into a sellers market, with approximately 4 months of inventory, it is also important to note that average sales prices are down and the average discount taken has increased.
Of course, conditions differ within sub-markets; each price range and neighborhood differs. For example, in Davidsonville, a high-end area, the market has shifted even more dramatically; the number of homes sold year to date in 2015 was up 26.32% compared to the previous year, yet the average sold price was down 7.36%.
Now, more than ever, it’s important for home sellers to pay attention the market activity, and employ smart strategy and top talent, in order to make the best sale.
P.S. Considering a move? Please call for a confidential chat. Your personal needs, wants, and finances are my priority and my passion and my specialties run from waterfront luxury estates to distressed properties.
Call me today for your Annapolis real estate needs, or for an introduction to a great real estate agent anywhere.