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As we explore Southern Maryland’s real estate landscape in July 2024, both the luxury and waterfront segments offer valuable insights into the region's evolving market. Covering Charles, Calvert, and Saint Mary’s counties, this report highlights key trends such as pricing shifts, sales volume, and days on market for high-end and waterfront properties. With dynamic changes shaping both segments, this overview provides a clear snapshot of the opportunities and movements within these desirable markets. Let’s dive into the data and uncover what’s driving the Southern Maryland luxury and waterfront real estate scene this summer. Exploring Market Metrics The Southern Maryland luxury market, covering Charles, Calvert, and Saint Mary’s counties, saw some interesting shifts in July 2024. The average price  of luxury homes dipped to $1,111,369, down from $1,217,208 in June and $1,266,667 in July 2023. This decline reflects a cooling in luxury home prices compared to last year and last month. On the positive side, days on market  decreased significantly, with luxury properties selling in an average of just 24 days. This is a marked improvement from June, when homes took 37 days to sell, though still higher than the unusually fast 6-day average seen in July 2023. The quicker turnaround this month suggests buyers are acting faster, even in a softening price environment. Sales volume  remains relatively low, with only 4 luxury properties sold in July, down from 6 in June but still ahead of the 3 sales recorded in July 2023. This suggests that demand for luxury properties is steady, though not booming. The list price to sales price ratio  came in at a healthy 98.8%, a notable improvement from 96% in June but slightly lower than the 101.1% achieved in July 2023. This indicates that sellers are receiving near-asking prices, reflecting solid demand and fair pricing strategies in the luxury market. southern maryland luxury July 2024 june 2024 july 2023 Average Price $1,111,369 $1,217,208 $1,266,667 Days on Market 24 37 6 Total Sales 4 6 3 List Price To Sales Price 98.8 % 96% 101.1 % The Southern Maryland waterfront market has experienced a blend of stability and shifts in July 2024. The average price  for waterfront properties rose to $701,176, a modest increase from $671,478 in June, and slightly higher than the $687,888 recorded in July 2023. This suggests that waterfront properties are maintaining value, with steady demand keeping prices in a healthy range. However, homes are taking longer to sell. Days on market  jumped to 53 in July, a notable decrease from 78 days in June, but still far higher than the 17 days seen in July 2023. This indicates that buyers are taking more time to make purchasing decisions compared to last year, though the shorter days on market this month point to a rebound from June’s slower activity. In terms of total sales , the market saw a dip, with 17 homes sold in July, down from 19 in June and significantly lower than the 32 sales in July 2023. This drop in sales volume could suggest that inventory is tighter or that buyers are being more selective. The list price to sales price ratio  stood at 95.8% in July, a slight improvement from 93.9% in June but below the 99.2% seen last year. This indicates that buyers have more room to negotiate, though sellers are still capturing close to their asking prices. southern maryland WATERFRONt July 2024 JUNE 2024 JULY 2023 Average Price $701,176 $671,478 $687,888 Days on Market 53 78 17 Total Sales 17 19 32 List Price To Sales Price 95.8 % 93.9 % 99.2 % let's look at the average property in each market in july '24 MARKET BEDS BATHS SQUARE FEET PPSF SOUTHERN MD LUXURY 5 5 4,669 $339.67 SOUTHERN MD WATERFRONTS 3 3 2,483 $331.00 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in July? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion July 2024 has brought a blend of shifts and steady trends to Southern Maryland’s luxury and waterfront markets. While luxury prices have softened compared to earlier in the year, buyer demand remains relatively strong, with homes selling faster and near asking prices. The waterfront market, though holding steady in price, has seen a slower pace of sales and longer days on market compared to last year, indicating a more deliberate approach from buyers. Both segments reflect a market in transition—luxury properties are maintaining their value with reduced price negotiations, while the waterfront market sees modest price growth and a slight cooling in activity. As Southern Maryland continues to attract high-end and waterfront buyers, understanding these evolving dynamics will be key for both buyers and sellers in the months ahead.

The buzz in the real estate world continues to revolve around the captivating market trends of Anne Arundel County for the month of July 2024. Let's delve into a comprehensive market report that uncovers the highlights of different regions within this vibrant market, offering insights into average square footage, pricing, total sales, and much more. Buckle up as we embark on this journey through the real estate landscape of Anne Arundel County, encompassing the charming city of Annapolis and the serene enclave of Severna Park. Exploring Market Metrics To kick things off, let's take a closer look at the essential market metrics that encapsulate the real estate scene in July 2024. The luxury market is showing some interesting shifts. Average home prices dipped slightly, down 1.5% from June 2024, and have fallen more significantly by 9.6% compared to July 2023. While homes are taking longer to sell—days on market have jumped 50% since last month—they’re actually moving faster than they were this time last year, with a 19.5% reduction in time on the market. Sales volume is also experiencing a bit of a rollercoaster, with total transactions down nearly 16% from last month, but up by almost 7% year-over-year. In terms of pricing strategy, the list-to-sale price ratio remains a solid indicator of market competitiveness. Last month, luxury homes were selling for 100% of their asking price, which is impressive, but this month that number has softened to 97.7%. That said, it’s still a stronger showing than July 2023’s 97.1%, showing that the market is holding its own despite the fluctuations. ANNAPOLIS LUXURY July 2024 Month Over Month Year Over Year Average Price $1,700,281 $ 1,726,768 $1,880,237 Days on Market 33 22 41 Total Sales 48 57 45 List Price To Sales Price 97.7% 100.1% 97.1% July 2024 brought a blend of movements in the Annapolis waterfront market. The average price  of homes dipped month-over-month, down to $1,585,887 from $1,778,389 in June. Compared to this time last year, prices have softened by about 11.9%, showing a notable shift from the $1,799,282 recorded in July 2023. Days on market  have lengthened significantly from last month, climbing from 32 to 51 days—a 59% increase. Yet, compared to July 2023, homes are moving at a similar pace, as last year’s figure was just two days lower, at 49 days. When it comes to sales activity, the market is holding steady. Total sales  in July reached 31, up from 29 the previous month and 27 this time last year—a promising sign of demand in the waterfront segment. The list-to-sales price ratio  provides insight into buyer competition. While homes were selling at 97.6% of asking price last month, July saw that figure dip to 96%. Still, this is stronger than July 2023's 95.4%, suggesting that while buyers may be negotiating more, sellers remain in a relatively strong position. ANNAPOLIS waterfront July 2024 Month Over Month Year Over Year Average Price $1,585,887 $1,778,389 $ 1,799,282 Days on Market 51 32 49 Total Sales 31 29 27 List Price To Sales Price 96% 97.6% 95.4% let's look at the average property in each market in july '24 MARKET BEDS BATHS SQUARE FEET PPSF ANNAPOLIS LUXURY 4 4 4,131 $568.87 ANNAPOLIS WATERFRONT 4 3 3,278 $634.96 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in July? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales. Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion The Greater Annapolis real estate market in Anne Arundel County thrives with diversity and opportunity, offering a tapestry of homes that cater to various preferences and lifestyles. Whether you seek the timeless allure of Annapolis or the serene beauty of Severna Park, there's a place for everyone in this vibrant market. Stay tuned for more insights, market updates, and captivating listings as we continue to navigate the ever-evolving real estate landscape. Remember, your dream home might just be a listing away! Embrace the allure of Anne Arundel County as we unveil the intriguing market report detailing the real estate highlights of July 2024 in Annapolis and its surrounding communities. Don't miss out on the thrilling opportunities and captivating properties waiting to be discovered!

The buzz in the real estate world continues to revolve around the captivating market trends of Queen Anne's County, Talbot County and Kent County for the month of July 2024. Let's delve into a comprehensive market report that uncovers the highlights of different regions within this vibrant market, offering insights into average square footage, pricing, total sales, and much more. Buckle up as we embark on this journey through the real estate landscape of Maryland's vibrant Eastern Shore. Exploring Market Metrics The Eastern Shore luxury market—covering Queen Anne’s, Talbot, and Kent Counties—saw some interesting movements in July 2024. Average prices  dipped to $1,768,750, down from $2,028,048 in June. However, compared to July 2023, prices are still up by 9.1%, reflecting ongoing strength in the market. Days on market  for luxury homes averaged 46 days, an increase from last month’s 32 days, though the same as July last year. Homes are taking a bit longer to sell compared to June, suggesting a slight slowdown in the pace of transactions. Despite this, total sales  remained solid, with 16 properties sold in July. While that’s fewer than the 25 sold last month, it’s still an improvement over the 14 sales recorded this time last year. Lastly, the list price to sales price ratio —a key measure of how close homes sell to their asking prices—came in at 94%. This marks a drop from June’s impressive 100.5%, but it’s still consistent with last year’s figure of 94.6%, showing that while buyers are negotiating a bit more, sellers are still getting close to their asking prices. EASTERN SHORE LUXURY July 2024 Month Over Month Year Over Year Average Price $1,768,750 $2,028,048 $ 1,621,447 Days on Market 46 32 32 Total Sales 16 25 14 List Price To Sales Price 94% 100.5% 94.6% The Eastern Shore waterfront market is showing some notable changes this month. Average prices  have dropped to $1,276,614 from $1,685,820 in June, marking a significant month-over-month decline. However, when compared to July 2023, prices are still up by 14.8%, showing long-term appreciation and resilience in the waterfront market. Days on market  have increased to 44, up from 32 days last month and 31 days a year ago. Homes are taking longer to sell, which could be a sign of buyers taking more time or a slight cooling in market activity. In terms of sales volume , 22 homes sold this July, down from 30 in June. Still, sales are slightly higher compared to the same time last year, with 20 homes sold in July 2023, indicating that demand for waterfront properties remains solid. The list price to sales price ratio  dropped to 94.8% this month, a decrease from June's 100.6%. However, it’s still very close to the 94.6% seen in July 2023, meaning that while sellers are seeing some price negotiation, the overall market remains competitive. EASTERN SHORE waterfront July 2024 Month Over Month Year Over Year Average Price $1,276,614 $1,685,820 $ 1,112,388 Days on Market 44 32 31 Total Sales 22 30 20 List Price To Sales Price 94.8% 100.6% 94.6% let's look at the average property in each market in july '24 MARKET BEDS BATHS SQUARE FEET PPSF EASTERN SHORE LUXURY 4 4 3,779 $ 523.72 EASTERN SHORE WATERFRONT 4 3 2,736 $ 488.45 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in July? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion Overall, both the luxury and waterfront markets on the Eastern Shore are experiencing some notable shifts as we move through July 2024. While prices in both sectors have softened compared to last month, the year-over-year figures reflect steady appreciation, showing the long-term value of these desirable properties. Homes are taking a bit longer to sell, and sellers are adjusting their expectations slightly, but demand remains consistent, with sales activity up in several key areas compared to last year. As the Eastern Shore real estate market continues to evolve, buyers and sellers should stay mindful of pricing trends and be prepared for negotiations. Though we’re seeing some cooling from the rapid pace earlier in the year, the overall market remains competitive, especially in sought-after waterfront areas.

The real estate spotlight is shining brightly on the Greater Baltimore region, encompassing Baltimore City, Baltimore County, and Howard County, as the luxury market trends for July 2024 unfold. In this comprehensive market report, we’ll explore key highlights, including average pricing, total sales, days on market, and much more. Join us as we dive into the latest data and gain insights into the dynamic luxury real estate landscape in one of Maryland's most sought-after regions. Exploring Market Metrics The luxury market in the Greater Baltimore region, defined by sales of $1M and above, continues to demonstrate strong demand and resilient pricing. Average prices  held steady in July, coming in at $1,361,849, down slightly from June’s $1,383,468 but still above the $1,310,213 mark seen in July 2023. This steady growth reflects ongoing strength in the region's high-end market. Homes are moving faster than ever , with the days on market  dropping to just 17 days, compared to 27 days in June and 24 days in July of last year. This suggests that luxury buyers are acting quickly, likely driven by competitive offers and limited inventory. Sales volume  remains robust, with 80 transactions in July, down from 92 in June but significantly higher than the 58 luxury sales seen this time last year. This increase in year-over-year sales shows that demand for high-end properties in Baltimore City, Baltimore County, and Howard County remains strong despite some monthly fluctuations. A key indicator of market competitiveness, the list price to sales price ratio , stood at 100.5% in July. While this is slightly lower than June's 101.7%, it’s still a strong number and represents an improvement over the 99.7% ratio in July 2023. This means many luxury properties are still selling at or above their asking prices, reflecting the overall health and competitiveness of the luxury market. greater baltimore luxury July 2024 june 2024 july 2023 Average Price $1,361,849 $1,383,468 $1,310,213 Days on Market 17 27 24 Total Sales 80 92 58 List Price To Sales Price 100.5% 101.7% 99.7% The Greater Baltimore waterfront market, which includes some of the region's most coveted properties, has seen significant shifts this month. Average prices  fell to $611,093 in July, down from $758,595 in June, signaling a notable month-over-month decline. However, compared to July 2023, when the average price was $598,413, prices are still up slightly, showing long-term resilience. Homes are selling faster than ever  along the waterfront, with the days on market  dropping dramatically to just 18 days, compared to 54 days last month and 29 days in July 2023. This sharp decrease reflects increased buyer urgency and a competitive market for waterfront properties. The total number of sales  has also decreased, with 15 properties sold in July, down from 22 in June and 24 in July 2023. This could indicate that while demand remains strong, fewer properties are available, or buyers are waiting for more attractive pricing. The list price to sales price ratio  came in at 96.4% for July, a significant drop from the 102.9% seen in June but consistent with July 2023's 96.2%. This suggests that buyers are gaining more negotiation power, and sellers are adjusting expectations in light of changing market conditions. greater baltimore WATERFRONT July 2024 JUNE 2024 JULY 2023 Average Price $611,093 $758,595 $598,413 Days on Market 18 54 29 Total Sales 15 22 24 List Price To Sales Price 96.4% 102.9 % 96.2 % let's look at the average property in each market in july '24 MARKET BEDS BATHS SQUARE FEET PPSF GREATER BALTIMORE LUXURY 5 5 5,424 $ 333.90 GREATER BALTIMORE WATERFRONT 3 3 2,179 $308.77 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in July? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion The Greater Baltimore real estate market, both in the luxury and waterfront segments, is showing signs of resilience amidst shifting dynamics. In the luxury market, prices are holding steady, with strong sales volume and quick turnaround times, signaling continued demand for high-end properties. Buyers are acting swiftly, and properties are still commanding close to their list prices, despite slight softening. Meanwhile, the waterfront market tells a slightly different story. While prices have seen a significant month-over-month decline, homes are selling faster than before, and the year-over-year price growth remains positive. Sales have dipped, but the market remains competitive, with buyers negotiating more than they did last month. As we move forward, the luxury and waterfront markets in Greater Baltimore will continue to provide opportunities for both buyers and sellers. Keeping an eye on pricing trends, inventory levels, and the pace of sales will be crucial for understanding how these markets evolve in the months ahead.

An Overview Of Luxury and Waterfront Properties in MD. Discover the latest trends and insights from the waterfront and luxury real estate markets across Greater Annapolis, Greater Baltimore, the Eastern Shore of Maryland, and Southern Maryland.  Our comprehensive market reports reveal pivotal data that can guide homeowners and prospective buyers through the nuances of these unique property sectors. Click the link here to download our comprehensive market report on March 2024's performances.

Many probably don't know but we have a special connection to our men and women in the armed forces. Our mission as a company (Compass) and as a group (The Housecats) is to serve, and what better place to do that than with those that have served us. The Compass Military Division is a group affiliated with COMPASS, a licensed real estate broker, servicing the distinctively different and ever-changing real estate needs of the Veterans and Active Military members via a national network of highly skilled and specially selected agents. Compass' Military Division is ever evolving but one thing remains the same - it's composed of Compass retired military agents, veterans, active duty members, military spouses, and agents with extensive VA transaction experience offering a premiere referral network for those relocating for their next assignment or retiring to their dream home. We are lucky enough to be connected to this special group of veterans and honored to serve those who have served us.

An Overview Of Luxury and Waterfront Properties in MD. Discover the latest trends and insights from the waterfront and luxury real estate markets across Greater Annapolis, Greater Baltimore, the Eastern Shore of Maryland, and Southern Maryland.  Our comprehensive market reports reveal pivotal data that can guide homeowners and prospective buyers through the nuances of these unique property sectors. Click the link here to download our comprehensive market report on February 2024's performances.

Discover the latest trends and insights from the January 2024 waterfront and luxury real estate markets across Greater Annapolis, Greater Baltimore, the Eastern Shore of Maryland, and Southern Maryland.  Our comprehensive market reports reveal pivotal data that can guide homeowners and prospective buyers through the nuances of these unique property sectors. Download our PDF file here to see exactly how the different regions are faring as of January 2024.