About Annapolis' Georgetown Grove

I've had quite a few people ask me "What is going on with the Annapolis Real Estate Market, say 2000 to today?"

I live on Windwhisper Lane (in Georgetown Grove), so I thought I'd pull the stats on a house that just went under contract to illustrate with real numbers. (This area is described in an earlier blog, please see the archives for map and other descriptors.) I've removed the house number in the interests of privacy...even though the house sold prices are in the public record.

This home was purchased for $155k in 1997, and sold for $425k in 2003. That was some SERIOUS appreciation in only 6 years, yes? That buyer sold 4-years later (near the top of the market) for $470k after asking $499k.

The current owner put the home on the market in April for $459k in a listing that expired (even after a small price reduction) 3-months later. The owner changed companies on 15July and listed the home for $425k. We won't know the ClosePrice until the transaction completes.

The homes on Windwhisper in Georgetown Grove are about 22 years old (1988). This property is currently assessed at $361,940.

CONCLUSION: Nice market run up through 2003. Stable from 2003 to 2007. Decline, but not outrageously so, to 2010. Holding steady - reasonable time to buy or sell. (Still lots of inventory, but homes priced RIGHT will sell quickly!)

If you'd like to track similar properties, register at MyAnnapolisHomeFinder.com

If you'd like to know what YOUR property Market situation is like, visit YourAnnapolisHomeValues.com

Both services are FREE, easy-to-use, and you'll receive email updates as often as you'd like.

Windwhisper Lane (Georgetown Grove / Mariners Point) Homes

Windwhisper Lane is one of those small streets that personify Annapolis Fine Living. Within 2-blocks or less, you have some waterfront, some waterview, an elementary school, a 25-slip marina, a shopping center with a huge Giant and large CVS, another shopping center 5 blocks away with a Blockbuster, West Marine, and a bunch of restaurants, coffee shops, liquor stores, pet store, dry cleaners, landscape nursery, hardware store, etc. You need it? It’s nearby.

Ready to head to the Maritime Republic of Eastport? Less than a mile away. Downtown Historic Annapolis less than 1.5 miles. State Capital buildings, less than 2 miles. Golf course less than 2-miles. 340-acre nature preserve with miles and miles of wooded walkways, including lovely overlooks of the South River. What is not to love??

Check out the map below...you’ll notice that you can’t walk very far without seeing water, a marina, or beautify scenery. A great place to live in Annapolis. Georgetown Grove and Mariners Point are superb small subdivisions.

If you are buying in this area you MUST get real estate agency representation. Within a 5-mile radius of my home, prices range from $88,000 (townhouse) to $14.5M (mansion on the water). Why the difference in price? Ask your REALTOR.

On the market 6/27/2010:

• 4 Windwhisper: 4-BR/3.5BA (inner island) for $438,000 AA7309951
• 12 Windwhisper: 3-BR/2BA (inner island) for $349,900 AA7229113
• 47 Windwhisper: 3-BR/3.5BA (waterfront) for $485,000 AA7347461
• 935 Windwhisper: 2-BR/2-BA (duplex) for $295,000 AA7338796

If you are interested in Windwhisper Lane, you should talk to me. I live there. I’ll take good care of you.

Here is your best link to monitor the neighborhood, whether buying a home, selling a townhouse, or condo, you’ll be the first to know when a home comes onto the market that meets your needs. (Or, if selling, know your likely competition.)

When you sign up for our service, you specify how frequently you want to receive updates. Best news of the day? This service is FREE of charge! Sign up today, and get closer to achieving your Annapolis Real Estate goals.
Here is your link: Best Search for Annapolis Area RealEstate
The link URL = www.MyAnnapolisHomeFinder.com

Market Report - Homes for Sale in Georgetown Grove, Annapolis, Maryland, 21403 (Anne Arundel County, Maryland)

As of today, February 16, 2010, there is 1 home for sale in the Georgetown Grove community in Annapolis, Maryland. There is 1 home under contract and 1 home sold in the last 90 days. The average list price is $369,900. The average sold price is $458,000.

View Homes for Sale in Georgetown Grove, Annapolis, Maryland 21403 in a larger map

Homes currently for sale include:

• 12 Windwhisper Lane
  Offered at $369,900

Homes currently under contract include:

• 53 Windwhisper Lane
  Offered at $380,000

Homes that sold recently include:

• 41 Windwhisper Lane
  Sold for $458,000 with no subsidy

For listing details, please visit Homes For Sale in Georgetown Grove.

Georgetown Grove consists of 66 single family homes located in Annapolis, Maryland.

12 Windwhisper Lane, Annapolis, Maryland 21403

If you have a home to sell in Georgetown Grove and want a professional consultation on current market conditions or if you are interested in purchasing your next home in Georgetown Grove and want to tour any home currently on the market, please contact me at 410-923-3217 or e-mail me at showell@cbmove.com or visit my website at LiveInAnnapolis.com.

Notice: Information has been obtained from Metropolitan Regional Information Systems, Inc. (our MLS) and other public sources. Information believed to be accurate, but should not be relied upon without verification. Stephen Howell and/or Coldwell Banker Residential Brokerage did not necessarily participate in the sale of the above referenced properties.