Crofton Market Report for December 2011
Crofton is one of those ideally situated communities nestled in the Annapolis, Washington and Baltimore triangle. Offering treed line streets, golf, swimming, tennis, community events and close by shopping, Crofton is a sought after community to call home in and around Annapolis.
Crofton experienced an 8% drop in detached home sales from November to December and a 43% increase in townhouse/condo sales over the same period. Even so both the single family (detached) home market and the Townhouse/Condo market are experiencing a Sellers Market as of today.
The following Crofton Market Report is for the month of December 2011
Crofton Detached Home Market Report
23 # of Active Homes For Sale as of this report
12 # of homes Under Contract
8 # of Sold Detached Homes in the month of DecemberOf the 8 Detached Homes that sold in December $319,000 was the Low Sales Price$533,000 was the High Sales Price$467,375 was the Average Sales Price5 was the Low Days on Market198 was the High Days on Market48 was the Average Days on Market
2.8 = number of months of inventory
Crofton is experiencing a Sellers Market for Detached Homes
Click Here To View Available Crofton Detached Homes For Sale
Crofton Townhouse/Condo Market Report
51 # of Active Homes For Sale
27 # of homes Under Contract
14 # of Townhouse/Condos Sold in the month of December
Of the 14 Townhouse/Condos that sold In December
$175,000 was the Low Sales Price
$332,000 was the High Sales Price
$226,000 was the Average Sales Price
4 was the Low Days on Market
364 was the High Days on Market
106 was the Average Days on Market
3.6 = number of months of inventory
Crofton is in a Sellers Market for Townhouse/Condo Homes
Click here to view available Crofton Townhouse/Condos for Sale
Absorption rates
0-4 months inventory is considered a Sellers Market
5-6 months inventory is considered a Neutral/Normal Market
7+ months inventory is considered a Buyers Market
This report is an overall statistical report of Crofton as a whole.
Some neighborhoods may be experiencing different market conditions as each neighborhood is unique to itself.
Want to know what is happening is your particular neighborhood in Crofton?
With 20 years experience working out of the Crofton Long & Foster office I can help
Give me call or drop me an email
410-440-7839 cell
410-721-1500 office
martha@homesaroundannapolis.com
