Market Assessment, Anne Arundel County, Maryland - July 2010
The July 2010 data is now available from MRIS.com for Anne Arundel County, Maryland and other metro-Washington and metro-Baltimore counties. To quickly summarize the information for July, the average sale price increased by 9.9% from this time last year but the dollar volume decreased by 7.5% from this time last year. Month-over-month prices increased by 3.2% but the dollar volume decreased by 27.2%. There was also a sharp decline in total units sold over last year by 15.9% and an even sharper decline by 29.4% month-over-month. There is likely one cause. Buyers taking advantage of the home buyer tax credit which expired on April 30th (the program end date was subsequently extended, but, buyers still had to already have been "under contract") resulted in increased settlements in May and June (with June 30th begin the last day to settle - again, this was later extended mostly to accommodate new construction). As a result, May and June saw leass activity. However, pending sales was up 12.6% from June to July. Since pending sales is such a good predictor of future sales, we could expect an increase in sales when August is reported for an "up" month.
Year-to-Year
| Anne Arundel County - Year-to-Year | 2010 | 2009 | % Change |
| Total Sold Dollar Volume: | $ 160,740,976 | $ 173,862,389 | - 7.5 % |
| Average Sold Price: | $ 389,203 | $ 354.099 | 9.9 % |
| Median Sold Price: | $ 329,950 | $ 309,000 | 6.3 % |
| Total Units Sold: | 413 | 491 | - 15.9 % |
| Average Days on Market: | 105 | 128 | - 18.0 % |
| Average List Price for Solds: | $ 409,791 | $ 394,990 | 3.7 % |
| Avg Sale Price as a percentage of Avg List Price: | 94.98 % | 89.65 % |
Month-to-Month
| Anne Arundel County - Month-to-Month | July 2010 | June 2010 | % Change |
| Total Sold Dollar Volume: | $ 160,740,976 | $ 220,720,240 | - 27.2 % |
| Average Sold Price: | $ 389,203 | $ 377,300 | 3.2 % |
| Median Sold Price: | $ 329,950 | $ 325,000 | 1.5% |
| Total Units Sold: | 413 | 585 | - 29.4 % |
| Average Days on Market: | 105 | 106 | - 0.9 % |
| Average List Price for Solds: | $ 409,791 | $ 392,330 | 4.5 % |
| Avg Sale Price as a percentage of Avg List Price: | 94.98 % | 96.17 % |
How Does Your Home Compare?
A comparable market analysis shows recent sales for homes similar to your own in location, type and style (for example single family home and colonials), size (for example bedroom and baths), and age. The Stephen Howell Realty Group provides an online evaluation of your home using real-time data from the multiple listing service (MRIS - our MLS). The evaluation is interactive, easy to use and best of all FREE. Click here to get started now.
Prior Month Assessments
Notice: Information is believed to be accurate, but should not be relied upon without verification.
If you are interested in buying or renting a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell or rent in Annapolis, Maryland and want a professional consultation on current market conditions, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.
Stephen Howell came to Annapolis to sail the Bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis. You'll find that with the right professional by your side, you can Live the Lifestyle and Live in Annapolis.
Stephen Howell and Rocky (his lab-mix from the SPCA of Anne Arundel County in Annapolis) live on the Chesapeake Bay near Annapolis, Maryland. He works in the Annapolis real estate market. His website lets people search the Washington and Baltimore metropolitan area MLS. Buyers can also search for waterfront homes along the Chesapeake Bay. His website has current real estate data on Annapolis, Anne Arundel County, and Maryland.
Know your nautical etiquette?
Then click the correct flag to connect with me socially!
(Hint: L-to-R ... Golf=Google+, Alpha=Activerain, Tango=Twitter, Foxtrot=Facebook, Lima=LinkedIn, Romeo=RSS)
