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Monday, December 23, 2024

Arden on the Severn home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Arden on the Severn fell by $9,500 while total sales increased by 120%, according to BlockShopper.com.

From January through March of 2019, there were 11 homes sold, with a median sale price of $320,500 - a 2.9% decrease over the $330,000 median sale price for the same period of the previous year. There were five homes sold in Arden on the Severn in the first quarter of 2018.

The following table compares Arden on the Severn to other Anne Arundel County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Cape St. Claire312714.8%$349,900$362,000-3.3%
Woods Landing3250%$345,000$375,000-8%
Parole5762-8.1%$345,000$377,750-8.7%
Lake Shore5663-11.1%$324,950$264,00023.1%
Shady Side2831-9.7%$324,000$272,00019.1%
Arden on the Severn115120%$320,500$330,000-2.9%
Severn14110238.2%$320,000$311,5002.7%
Whispering Woods21100%$308,250$465,000-33.7%
Odenton16113618.4%$305,000$288,0755.9%
Deale18180%$300,300$310,000-3.1%
Maryland City3945-13.3%$292,500$315,000-7.1%

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