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Friday, November 15, 2024

Pricing for the median home in Arden on the Severn increased during the first half of 2019

Re 5

The median sale price of a home sold in the first half of 2019 in Arden on the Severn rose by $16,250 while total sales increased by 84.6%, according to BlockShopper.com.

From January through June of 2019, there were 24 homes sold, with a median sale price of $346,250 - a 4.9% increase over the $330,000 median sale price for the same period of the previous year. There were 13 homes sold in Arden on the Severn in the first half of 2018.

The following table compares Arden on the Severn 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)
Whispering Woods6450%$356,900$435,500-18%
North River Forest67-14.3%$352,500$341,0003.4%
Rose Haven31200%$352,500$340,0003.7%
Patuxent Manor7475%$351,000$382,500-8.2%
Herald Harbor342725.9%$349,950$365,000-4.1%
Arden on the Severn241384.6%$346,250$330,0004.9%
Woods Landing510-50%$345,000$392,450-12.1%
Severn31125422.4%$330,000$324,9501.6%
Riviera Isle67-14.3%$327,000$342,433-4.5%
Lake Shore154162-4.9%$326,450$290,00012.6%
Edgewater93930%$325,000$340,000-4.4%

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