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Friday, November 15, 2024

Falling home prices in Annapolis Neck in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Annapolis Neck fell by $27,000 while total sales increased by 35.2%, according to BlockShopper.com.

From April through June of 2019, there were 73 homes sold, with a median sale price of $450,000 - a 5.7% decrease over the $477,000 median sale price for the same period of the previous year. There were 54 homes sold in Annapolis Neck in the second quarter of 2018.

The following table compares Annapolis Neck to other Anne Arundel County cities with similar median sale prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Dulls Corner20-$542,250$0-
Belhaven Beach31200%$515,000$875,000-41.1%
Severna Park1631545.8%$494,000$508,750-2.9%
Tanager Forest10-$475,000$0-
Gambrills14137.7%$451,000$460,000-2%
Annapolis Neck735435.2%$450,000$477,000-5.7%
Riva221283.3%$431,500$480,500-10.2%
Greenwood Acres23-33.3%$430,000$365,00017.8%
Carriage Hills20-$424,500$0-
Rock Anna14-75%$420,000$345,50021.6%
Mayo453528.6%$415,000$415,0000%

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