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Friday, November 15, 2024

What happened to the median home price in Arden on the Severn during the second quarter of 2020?

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the second quarter of 2020 in Arden on the Severn rose by $90,000 while total sales decreased by 46.2%, according to BlockShopper.com.

From April through June of 2020, there were seven homes sold, with a median sale price of $440,000 - a 25.7% increase over the $350,000 median sale price for the same period of the previous year. There were 13 homes sold in Arden on the Severn in the second quarter of 2019.

The following table compares Arden on the Severn to other Anne Arundel County cities with similar median sale prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Rock Anna31200%$520,000$420,00023.8%
Briarwood52150%$500,580$573,500-12.7%
Annapolis Neck4273-42.5%$492,000$450,0009.3%
Riva1322-40.9%$475,000$431,50010.1%
Riviera Isle23-33.3%$459,500$360,00027.6%
Arden on the Severn713-46.2%$440,000$350,00025.7%
Paradise Beach23-33.3%$438,750$365,00020.2%
Herald Harbor1020-50%$436,095$380,95014.5%
Parole8096-16.7%$429,500$385,00011.6%
Mayo3545-22.2%$420,000$415,0001.2%
Cape St. Claire1945-57.8%$416,000$405,0002.7%

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