The Severna Park, MD real estate market had some significant increases but wasn't running on all cylinders when comparing March 2010 to the same period in 2009.
Total units sold in 2010 were 16, compared to 8 in March of 2009. A very decent increase of 100%. In previous months, Severna Park, MD, has been lagging behind other communities in the area slightly during the previous months.
Sales dollar volume in Severna Park, MD for March 2010 were $8,059,227, an increase of 116% from 2009. The average sold price jumped to $503,702, an 8.48% increase from the same period last year.
In March of 2010, an Severna Park, MD home for sale could expect to be on the market for 139 days, on average. This is one indicator that is going in the wrong direction. Last year in March, a home for sale in Severna Park, MD too about 64 days, on average, to sell.
Pricing seems to have been an issue in Severna Park, MD during March of 2010. One of the factors that we look at is the Average Sale as a Percentage of List Price ratio. For Severna Park, MD, this figure was 84.93% in March, 2010. This is 8 - 10% lower than surrounding communities. Of course, the average sale price for homes in Severna Park, MD is significantly higher than most other communities in Anne Arundel County.
There are currently 193 Active homes for sale in Severna Park, MD, in all price ranges, and I can show you any of them
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
SKYPE ME: RichSellsHomes
