Annapolis Maryland Luxury Real Estate

Riva Maryland Waterfront Homes For Sale - July 2011

Waterfront cottages and estates alike line the Northern shore of the South River in Riva Maryland.  Located in central Maryland, the area is known for it's tranquil country-side as well as it's wealth of history, culture and eloquence.  Riva is located close to downtown Annapolis with its nightlife and trendy shopping, a short drive to Baltimore-Washington International airport with domestic and international service, and within easy commuting distance to downtown Washington DC and the heart of Baltimore City.

There are 24 Riva waterfront homes for sale today. The average asking price is $712,483 and they have been on the market an average of 105 days. The minimum asking price for active listings is $185,000, with a maximum asking price of $1,950,000, and the median asking price is $512,000. For the list of Riva Maryland waterfront homes for sale click here.

There are 7 waterfront properties under contract in Riva today. The average asking price is $440,614 and they have been on the market an average of 78 days. The minimum asking price for listings under contract is $299,900, with a maximum asking price of $649,000, and the median asking price is $440,614. For the list of waterfront homes under contract in Riva click here.

In the last 90 days there have been 4 waterfront home sold in Riva Maryland. The asking price was $487,472 and they have been on the market an average of 17 days.  The minimum asking price for sold listings was $235,000, with a maximum asking price of $669,888, and the median asking price of $522,500.

The average sold price for Riva waterfront homes was $458,750 for a 94.27% sold-to-list ratio from their original listing price and a 94.27% sold-to-list ratio from the list price at the time of the sale (the same, therefore no price reductions during the period they were actively listed). The minimum sold price was $235,000, with a maximum sold price of $482,500, and the median sold price was $458,750. For the list of waterfront homes sold in the last 90 days in Riva Maryland click here.

With only 4 waterfront home selling in the last 90 days in Riva Maryland, there is a 18 month inventory of homes for sale on the water. This really is a remarkable time for qualified buyers to consider buying waterfront property because:

• Riva Waterfront homes are very affordable right now
• Interest rates are low even on jumbo mortgages
• Excellent financing options are available for qualifying buyers
• Timing is everything when it comes to finding just the right Riva waterfront venue
• Waterfront home ownership is still the everyone's dream

NOTE: All data as of July 24, 2011.

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