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Friday, November 15, 2024

What happened to the median home price in Venice on the Bay during the first half of 2019?

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the first half of 2019 in Venice on the Bay fell by $153,013 while total sales decreased by 50%, according to BlockShopper.com.

From January through June of 2019, there were three homes sold, with a median sale price of $185,000 - a 45.3% decrease over the $338,013 median sale price for the same period of the previous year. There were six homes sold in Venice on the Bay in the first half of 2018.

The following table compares Venice on the Bay to other Anne Arundel County cities with similar median sale prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Linthicum956643.9%$285,000$252,50012.9%
Pasadena227267-15%$280,000$270,0003.7%
Shady Side5859-1.7%$277,250$274,9000.9%
Galesville330%$267,000$415,000-35.7%
Riviera Beach128141-9.2%$245,000$235,0004.3%
Ferndale1078920.2%$225,000$224,9000%
Jessup36-50%$225,000$315,000-28.6%
Glen Burnie4914861%$224,900$227,125-1%
Rock Creek Park110%$210,000$425,000-50.6%
Venice on the Bay36-50%$185,000$338,012.50-45.3%
Brooklyn Park15313414.2%$169,000$165,2002.3%

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