Health & Fitness
Broadneck Housing Market Update - April 2011
Housing market update for Arnold, Maryland (21012) and Annapolis, Maryland (21409) for the Month of April, 2011.
Focus On Zip Code(s) 21012, 21409
Units Sold - There was an increase in total units sold in Anne Arundel County in April, with 47 sold this month in Broadneck. This month’s total units sold was higher at this time last year.
Active Inventory – Versus last year, the total number of homes available this month is lower by 84 units or 26%. The total number of active inventory this April was 239 compared to 323 in April of 2010. This month’s total of 239 is higher than the previous month’s total supply of available inventory of 233, an increase of 3%.
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Median Sale Price – Last April, the median sale price for Arnold/Broadneck homes was $295,000. This April, the median sale price was approximately $345,000. The current median sold price is 17% higher than in April of 2010.
The summary below is for Arnold, 21012, ONLY
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Sold Summary
Apr-2011
Apr-2010
% Change
Sold Dollar Volume
$9,588,697
$7,039,500
36.21%
Average Sold Price
$399,529
$414,000
-3.52%
Median Sold Price
$347,500
$315,000
10.32%
Units Sold
24
17
41.18%
Avg. Days on Market
167
108
54.63%
Avg. List Price for Solds
$425,867
$444,870
-4.27%
Attached Units Sold
5
7
-28.57%
Detached Units Sold
19
10
90.00%
Inventory
Apr-2011
Apr-2010
% Change
Active Listings
118
160
-26.25%
New Listings
39
65
-40.00%
New Under Contracts
15
29
-48.28%
New Contingents
11
5
120.00%
New Pendings
26
34
-23.53%
Total Pendings
36
55
-34.55%
Financing (Sold)
Days on Market (Sold)
Assumption – 0
1-10 - 3
Conventional - 12
11 to 20 - 1
FHA - 7
21 to 30 - 2
Cash - 0
31 to 60 - 3
Owner - 0
61 to 90 - 1
VA - 4
91 to 120 - 2
121 to 180 - 4
181 to 360 - 5
361 to 720 - 2
Sold Summary
Apr-2011
Apr-2010
% Change
Sold Dollar Volume
$9,588,697
$7,039,500
36.21%
Average Sold Price
$399,529
$414,000
-3.52%
Median Sold Price
$347,500
$315,000
10.32%
Units Sold
24
17
41.18%
Avg. Days on Market
167
108
54.63%
Avg. List Price for Solds
$425,867
$444,870
-4.27%
Attached Units Sold
5
7
-28.57%
Detached Units Sold
19
10
90.00%
Inventory
Apr-2011
Apr-2010
% Change
Active Listings
118
160
-26.25%
New Listings
39
65
-40.00%
New Under Contracts
15
29
-48.28%
New Contingents
11
5
120.00%
New Pendings
26
34
-23.53%
Total Pendings
36
55
-34.55%
Financing (Sold)
Days on Market (Sold)
Assumption – 0
1-10 - 3
Conventional - 12
11 to 20 - 1
FHA - 7
21 to 30 - 2
Cash - 0
31 to 60 - 3
Owner - 0
61 to 90 - 1
VA - 4
91 to 120 - 2
121 to 180 - 4
181 to 360 - 5
361 to 720 - 2
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Information contained in this report is deemed reliable but not guaranteed and should be independently verified.