Do you want to know what Riva Maryland homes are selling for? If so, then you're in the right place! You’ll find answers to questions like:
- How do actual selling prices compare to listing prices in Riva Maryland?
- How many unsold homes are there in Riva Maryland?
- How long are homes on the market in Riva Maryland?
- Is it a buyer's market or seller's market in Riva Maryland?
Riva is located South of Annapolis in central Anne Arundel County. Riva is within easy commuting distance of Baltimore and Washington DC, close to Fort Meade and NSA, and near Baltimore Washington International ("BWI") airport. Riva is located along the South River. There several waterfront communities with magnificent views across the South River to Annapolis.
Annapolis Landing, Berkshire, Glen Isle, Port Isle, Riva Farms, South River Heights, Sylvan Shores, Waterford are just some of the sub-divisions and neighborhoods in Riva Maryland.
Start searching today among the Riva Maryland homes for sale for your perfect place to live.
There are 17 Riva homes for sale today. The average asking price is $634,088 and they have been on the market an average of 144 days. The minimum asking price for Riva homes is $185,000 and a maximum asking price of $1,795,000.
The chart (below) tracks "Sold Listings" and "New Pendings" for Riva Maryland and shows the number of sales and contracts ratified each month. This is the best indication of the direction of the market.
There are 4 Riva homes under contract today. The average asking price is $442,000 and they were on the market an average of 36 days. The minimum asking price for Riva homes under contract is $185,000 and a maximum asking price of $649,000.
In the last 90 days there were 6 homes sold in Riva Maryland. The average list price was $544,467 and they were on the market for an average of 156 days. The minimum list price for sold listings was $285,000 and a maximum list price of $1,349,000.
The average sold price for Riva Maryland homes sold was $526,750 for a 88.38% sold-to-list ratio off their original list price. The minimum sold price was $285,000 and a maximum sold price of $1,275,000. The average seller subsidy paid at settlement was $5,452. The minimum subsidy was $0 and a maximum subsidy of $10,240.
With only about 2 Riva properties selling each month, there is slightly more than an 8 month inventory of homes for sale. When inventory drops below six months, this is generally considered a "seller's market". When inventory is more than six months, this is generally considered a "buyer's market". This remains a remarkable time for highly qualified buyers to consider purchasing their first home in Riva Maryland or a weekend home, vacation home, or investment property in Riva.
The chart (below) tracks "Average Sale Price" and shows the monthly average price at which homes are selling in Riva Maryland.
The chart (below) tracks "Average Days On Market" and is good indication as to whether this is a "buyer's market" or a "seller's market".
The chart (below) tracks "Average Sold to OLP Ratio" and shows discount at which Riva Maryland homes are selling for as a percentage of their original listing prices.
While all of these indicators are important, the best way to determine the value of your Riva Maryland home is a thorough market analysis. If interested, please contact for a no obligation competitive market analysis of your home's value in today's real estate market.
Start your search to find your Riva Maryland dream home today here.
NOTICE: All data as of December 20, 2011. The charts included track one or more leading market indicators, are updated on or about the 10th of every month, and are interactive (so go ahead and click on them!). Information believed to be accurate, but should not be relied upon without verification, is made available "As Is" and subject to revision at any time without notice.
