Annapolis home values have remained fairly steady without remarkable change in the first quarter. What is noticeable from the data is that more inventory sold this March than last March.
Here is a quick snapshot of the zip code activity:
- 21401: Median Sold Value is $350,000, slightly off 8.5% from March 2011. Days on the market decreased to an average of 140 days in a Year-over-Year comparison. Total unit sales in 21401 were at 50 units for March--a 66.67% increase over last year's month figures.
- 21403: Median Sold Value is $361,500, up 36.16%. Days on the market decreased an average of 139 days compared to last March. Total sales for 21403 were 32 units, up 6.67%, compared to last March.
- 21405: Median Sold Value is $925,000. There was only one sale in 21405 for this March; nothing sold in 21405 last March.
- 21409: Median Sold Value is $330,000, down 1.79% from last March's numbers. Days on the market decreased to 107 days. And, the area sales were up 40%, selling 21 units this March.
- Anne Arundel County: The overall county is up 2.66% to a median sold value of $283,850. County days on the market are at 134 days compared to March 2011. Total unit sales for this year's March was up 9.14% for a total of 430 units.
If you have questions regarding other areas, or your specific neighborhood, please contact me directly for additional details.
