Annapolis, Maryland: The capital of the great state of Maryland situated on the beautiful Chesapeake Bay and, in addition to countless museums, theaters, and other attractions, is home to the famed United States Naval Academy. What many people DON’T know, is that it is also a place for great neighborhoods, great locations, and great real estate.
Annapolis is a GREAT place for boating and water recreation.
Here are the facts and figures:
The total inventory of available homes in the Annapolis, MD market in June, 2009 was 825 homes (which breaks down to…
- 781 Real Estate properties
- 0 new homes
- 44 foreclosures
- The average estimated value of a home in the State of Maryland is $264,820
- The average estimated value of a home in the City of Annapolis is $542,786 (this is up 0.13% from March 2009)
This puts Annapolis WAY above the rest of the State of Maryland. A great indicator of a strong housing market. The average estimated value can also serve as an indicator which says that purchasing a home in this area will yield a positive return.
- In JUNE 2009, the average sales price of a home in the State of Maryland is $273,945
- In JUNE 2009, the average sales price of a home in the City of Annapolis is $803,349 (up 0.56% from March 2009)
This indicates that the City of Annapolis is a very demanding and increasingly pricey housing market, which is GREAT for sellers and great for buyers with a larger budget.
There were 13 total sales in the month of April 2009, this is down overall, but this number is on the rise. And the average home spents 94 days on the market.
What do all of these facts and figures REALLY mean? Well, although we are seeing the same trends in Annapolis that we are seeing nationally, the higher sales price and average value of homes in Annapolis prove that this place is on high demand. Sellers will get a higher price for their home and buyers with a larger budget will be sure they are getting only the best homes.
For sellers in Annapolis (and the entire state of Maryland) consider selling your home with Justlistem. You will save, on AVERAGE, over $8,000 on commission by just paying a flat fee of $299 to list YOUR home on the MLS.
Justlistem: Where the Conversation to Sell YOUR Home Begins.
Just List 'Em. 