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Anne Arundel Today

Tuesday, November 26, 2024

Falling home prices in Riva in August 2019

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The median sale price of a home sold in August 2019 in Riva fell by $147,000 while total sales increased by 66.7%, according to BlockShopper.com.

In August 2019, there were 10 homes sold, with a median sale price of $343,500 - a 30% decrease over the $490,500 median sale price for the same period of the previous year. There were six homes sold in Riva in August 2018.

The following table compares Riva to other Anne Arundel County cities with similar median sale prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Bayside Beach10-$365,000$0-
Cape St. Claire1115-26.7%$360,000$394,000-8.6%
Severn684938.8%$359,750$365,000-1.4%
Lake Shore34340%$348,750$295,00018.2%
Annapolis665226.9%$347,500$360,000-3.5%
Riva10666.7%$343,500$490,500-30%
Edgewater2814100%$337,781$368,000-8.2%
Crofton604922.4%$329,500$300,0009.8%
Parole2432-25%$326,000$322,5001.1%
Jessup10-$320,000$0-
Riviera Isle110%$300,000$349,900-14.3%

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