Search Results

Welcome to the September 2024 Southern Maryland Market Report, where we provide a comprehensive analysis of the region's luxury and waterfront real estate segments. This report focuses on the key counties of Southern Maryland—Calvert, Charles, and St. Mary’s—highlighting the trends, key metrics, and insights that define the market in these areas. The Southern Maryland region continues to offer an attractive mix of serene waterfront properties and luxurious homes, appealing to buyers seeking both lifestyle and investment opportunities. This report covers the latest data, including average sales prices, transaction volumes, and days on market, to provide a clear view of current trends and future forecasts. Whether you're considering buying, selling, or just staying informed, this report is your go-to resource for understanding the unique dynamics of Southern Maryland's luxury and waterfront markets. Exploring Market Metrics In September 2024, the Southern Maryland luxury market saw notable adjustments, particularly in pricing and market dynamics. The average price for luxury properties decreased to $1,190,267 , down from $1,242,777  in August and significantly lower than the $1,550,000  recorded in September 2023. This drop suggests that buyers in the market are gravitating toward more competitively priced properties, indicating a shift in demand and market conditions compared to the previous year. One of the most significant changes this month was the increase in days on market , which rose dramatically to 51 days , up from just 3 days  in August 2024 and 29 days  in September 2023. This indicates that while demand remains, buyers may be taking longer to commit, leading to a slower sales cycle for luxury properties in the region. However, total sales volume  surged to 9 properties  sold in September 2024, a sharp increase from the 2 sales  recorded in both August 2024 and September 2023. This jump in sales, despite the longer days on market, reflects strong buyer interest in luxury properties, particularly those priced more competitively. The list price to sales price ratio  averaged 96.8%  in September 2024, a slight decrease from the 100%  seen in August but a solid improvement over the 89.2%  recorded in September 2023. This suggests that while sellers are achieving slightly less than full asking prices compared to last month, they are still faring better than they did last year. southern maryland luxury sept 2024 august 2024 sept 2023 Average Price $1,190,267 $1,242,777 $ 1,550,000 Days on Market 51 3 29 Total Sales 9 2 2 List Price To Sales Price 96.8 % 100% 89.2% In September 2024, the Southern Maryland waterfront market experienced notable shifts, particularly in pricing and negotiation trends. The average price for waterfront properties rose to $780,072 , up from $696,450  in August 2024 but still slightly below the $824,400  recorded in September 2023. This suggests that while demand remains healthy, prices have moderated compared to last year’s peak, possibly reflecting a more balanced market between buyers and sellers. The days on market  increased slightly to 28 days  in September 2024, compared to 23 days  in both August 2024 and September 2023. Although this change is modest, it indicates that buyers may be taking more time to make decisions, contributing to a slightly slower pace of sales. However, total sales volume  reached 18 properties  in September 2024, down from 20 sales  in August but higher than the 15 sales  recorded in September 2023. This indicates that while there has been a small dip in the number of transactions, waterfront properties continue to attract a consistent stream of buyers. The list price to sales price ratio  fell to 93.8%  in September 2024, a decline from 97.5%  in August and 98.8%  in September 2023. This suggests that sellers are having to negotiate more than in previous months, as the market adjusts to changing buyer expectations and pricing strategies. southern maryland WATERFRONt sept 2024 august 2024 sept 2023 Average Price $780,072 $ 696,450 $824,400 Days on Market 28 23 23 Total Sales 18 20 15 List Price To Sales Price 93.8 % 97.5% 98.8% let's look at the average property in each market in SEPT '24 MARKET BEDS BATHS SQUARE FEET PPSF SOUTHERN MD LUXURY 5 5 5,148 $414.24 SOUTHERN MD WATERFRONTS 3 3 2,965 $341.26 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? 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 Southern Maryland real estate market in September 2024 presents a mixed but intriguing picture for both the luxury and waterfront segments. On the luxury side , there has been a notable decline in average prices year-over-year, with homes taking longer to sell and sellers receiving slightly less than their asking prices. However, the significant increase in the number of transactions suggests that while buyers may be price-sensitive, there is still robust demand for high-end properties, particularly those priced competitively. Sellers should be prepared for a more extended sales process, but buyers remain active and engaged in the market. The waterfront market  also reflects a similar pattern of moderation. While the average sales price increased from last month, it remains slightly below last year’s figure. Days on market increased, but total sales volume remains steady, indicating continued interest in waterfront properties. However, sellers are now receiving less than the asking price, pointing to increased negotiation in the market. Overall, both segments show that while demand for luxury and waterfront properties in Southern Maryland remains strong, buyers are becoming more selective, and sellers may need to adjust pricing strategies to align with current market conditions. The market is gradually balancing out, offering opportunities for both buyers seeking value and sellers willing to adapt to a slightly slower pace of transactions.

The real estate market across Queen Anne's County , Talbot County , and Kent County  continues to capture attention in September 2024  with its captivating trends. This comprehensive market report uncovers the highlights of these vibrant regions, offering key insights into average square footage , pricing , total sales , and more. Join us as we explore the evolving real estate landscape of Maryland's stunning Eastern Shore , where luxury, waterfront living, and historic charm continue to attract buyers from across the region. Exploring Market Metrics The luxury market  in the Eastern Shore  continues to evolve, showing some significant trends in September 2024 . The average price  for luxury properties rose to $2,335,429 , up from $2,090,692  in August 2024 , and higher than the $1,885,263  recorded in September 2023 . This sustained increase in pricing suggests strong demand for high-end properties, particularly as buyers seek waterfront estates, large-acreage homes, and properties with modern amenities. However, days on market  have continued to rise, reaching 68 days  in September 2024 , compared to 61 days  in August  and 34 days  in September 2023 . This indicates that properties are taking longer to sell, suggesting that while buyers are still willing to pay higher prices, they are taking more time to finalize their decisions. The total sales  volume saw a slight increase, with 14 luxury homes  sold in September 2024 , compared to 13 in August , but down from the 19  sales recorded in September 2023 . This suggests that while demand remains strong, the market is slowing slightly compared to last year’s pace. The list price to sales price ratio  came in at 90.3%  in September 2024 , slightly up from 88.3%  in August , but still lower than the 96.9%  seen in September 2023 . This indicates that sellers are having to negotiate more on price, giving buyers increased leverage in luxury transactions. EASTERN SHORE LUXURY SEPT 2024 august 2024 SEPt 2023 Average Price $2,335,429 $2,090,692 $1,885,263 Days on Market 68 61 34 Total Sales 14 13 19 List Price To Sales Price 90.3% 88.3% 96.9% The waterfront market  in the Eastern Shore  experienced notable shifts in September 2024 . The average price  for waterfront properties rose to $2,216,857 , a significant increase from $1,116,288  in August 2024 , and higher than the $1,540,308  recorded in September 2023 . This dramatic jump suggests that the most recent sales include high-end waterfront estates, driving up the average price in this segment. However, days on market  remained high, with properties taking an average of 68 days  to sell in September, down slightly from 75 days  in August, but still longer than the 44 days  seen in September 2023 . This suggests that while buyers are willing to pay premium prices for desirable waterfront homes, they are taking more time to complete transactions, potentially due to higher price points or increased competition. The total sales volume  saw a significant decrease, with only 14 waterfront homes  sold in September 2024 , compared to 26  in both August 2024  and September 2023 . This reduction in transactions points to a potential slowdown in buyer activity, which could be due to inventory constraints or seasonal factors impacting the waterfront segment. The list price to sales price ratio  dropped to 88.3%  in September 2024 , down from 90.5%  in August and well below the 94.6%  seen in September 2023 . This reflects increased negotiation power for buyers, as sellers are accepting offers further below the list price than in previous months. EASTERN SHORE waterfront SEPT 2024 august 2024 SEPt 2023 Average Price $2,216,857 $1,116,288 $1,540,308 Days on Market 68 75 44 Total Sales 14 26 26 List Price To Sales Price 88.3% 90.5% 94.6 % let's look at the average property in each market in SEPT '24 MARKET BEDS BATHS SQUARE FEET PPSF EASTERN SHORE LUXURY 4 4 4,432 $559.07 EASTERN SHORE WATERFRONT 5 5 4,421 $ 513.26 Top 10 Sold Listings Curious about the top 10 properties that created a buzz in the real estate market in September? Here are some of the exceptional listings that caught the attention of 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 As we conclude the September 2024 Eastern Shore real estate market report , it's clear that both the luxury  and waterfront segments  are seeing significant shifts. In the luxury market, we observed rising average prices , reflecting continued demand for high-end properties, even as days on market  extend and sales volume  slows. Sellers are still benefiting from strong interest, but buyers are becoming more selective, negotiating for lower prices and taking longer to close deals. The waterfront market  experienced a notable increase in average prices , driven by sales of high-value properties, but also saw a sharp decline in total sales  and a further drop in the list price to sales price ratio . This suggests that while waterfront properties continue to command premium prices, fewer buyers are actively purchasing, and those who are buying are securing properties at more negotiated prices. Moving forward, both buyers and sellers  should remain mindful of the shifting dynamics in the Eastern Shore  market. Sellers may need to adjust pricing strategies to match current buyer expectations, particularly as inventory tightens and negotiations become more common. Buyers, on the other hand, are in a stronger position to negotiate, particularly in the waterfront segment, where the market has shown signs of softening. The Eastern Shore  remains a highly desirable region, known for its luxury estates and scenic waterfront properties, but market participants should be prepared for continued fluctuations as economic and seasonal factors come into play.

As we turn our attention to the Greater Baltimore  real estate market in September 2024 , both the luxury  and waterfront  segments continue to shape the landscape of this dynamic region. Covering Baltimore City , Baltimore County , and Howard County , this report delves into key trends, including shifts in pricing , sales volume , and buyer behavior . With evolving market conditions, Greater Baltimore  remains a focal point for high-end  and waterfront real estate , offering valuable insights into how these segments are performing. Let’s dive into the data to explore what September  has revealed about the luxury and waterfront markets in this thriving area. Exploring Market Metrics The luxury market in Greater Baltimore  remained strong in September 2024 , with average prices  rising to $1,536,224 , up from $1,424,321  in August and higher than the $1,417,455  recorded in September 2023 . This steady price increase highlights continued demand for high-end properties across Baltimore City , Baltimore County , and Howard County , despite broader economic concerns. However, luxury homes  took longer to sell in September, with days on market  increasing to 42 days , compared to 36 days  in August and 32 days  in September 2023. This suggests that while buyers are still willing to pay premium prices, they may be taking more time to finalize their decisions, potentially due to price negotiations or tighter inventory. In terms of sales volume , 52 luxury homes  were sold in September, down significantly from 76  in August and matching the 52 sales  recorded in September 2023 . This drop reflects a potential cooling in the market as the number of transactions decreased month-over-month, possibly due to the end of summer and shifting buyer behavior. The list price to sales price ratio  remained strong at 100% , slightly up from 99.6%  in August but below the 100.9%  seen in September 2023 . Sellers are still getting very close to their asking prices, if not exceeding them in some cases, which underscores the competitive nature of the market, even as the number of sales and days on market shift. greater baltimore luxury sept 2024 august 2024 sept 2023 Average Price $1,536,224 $1,424,321 $1,417,455 Days on Market 42 36 32 Total Sales 52 76 52 List Price To Sales Price 100% 99.6% 100.9% The waterfront market  in Greater Baltimore  saw some notable shifts in September 2024 . The average price  for waterfront properties decreased to $600,724 , down from $661,340  in August 2024 , and significantly lower than the $721,769  recorded in September 2023 . This continued decline in pricing suggests a cooling in the waterfront segment, with buyers becoming more selective or market conditions shifting away from premium pricing. Days on market  increased to 57 days  in September 2024 , up from 45 days  in August , and slightly higher than the 55 days  seen in September 2023 . This indicates that waterfront properties are staying on the market longer as buyers take more time to make decisions, possibly reflecting a decrease in urgency or more negotiation over pricing. Total sales  for waterfront homes dropped slightly to 19 homes  in September, compared to 20  in August, but up from 13  in September 2023 . This slight drop in sales volume may be due to seasonality, while the year-over-year increase indicates that buyer interest in waterfront properties remains relatively strong, even with shifting prices. The list price to sales price ratio  held steady at 94.3%  in September, matching the August figure but lower than the 97.3%  seen in September 2023 . This suggests that sellers are accepting offers further below their asking prices, giving buyers more room for negotiation compared to previous years. greater Baltimore WATERFRONT sept 2024 august 2024 sept 2023 Average Price $600,724 $661,340 $721,769 Days on Market 57 45 55 Total Sales 19 20 13 List Price To Sales Price 94.3% 94.3% 97.3% let's look at the average property in each market in sept '24 MARKET BEDS BATHS SQUARE FEET PPSF GREATER BALTIMORE LUXURY 5 5 5,220 $ 488.54 GREATER BALTIMORE WATERFRONT 3 3 2,270 $304.46 Target Demographic for These Properties Luxury Market Buyers: Affluent Professionals and Families :Buyers in the Greater Baltimore luxury market  are typically in their mid-40s to mid-60s, well-established in their careers with significant disposable income. Many of these buyers work in fields such as law , finance , or healthcare , and some may own their own businesses. They are drawn to luxury properties  in Baltimore County and Howard County due to the proximity to prestigious schools , country clubs , and cultural amenities . Dual-Income Families :Many buyers in this segment are dual-income households  seeking a combination of luxury and convenience. These families prioritize access to good schools , recreational facilities , and a strong community environment . The appeal of luxury homes  is further enhanced by nearby amenities and family-oriented features. Upsizers/Second-Home Buyers :A significant portion of luxury buyers are upsizing , moving from smaller luxury homes to larger estates as they upgrade their lifestyle. Others may be purchasing second homes , using them for weekend getaways, investment properties, or future retirement plans. These buyers tend to seek larger homes with modern amenities  and privacy . Waterfront Market Buyers: Empty Nesters/Retirees :Buyers in the waterfront market  tend to be older, typically in their late 50s to 70s , looking for a peaceful, waterfront retreat. They are likely seeking a primary residence  or vacation home , drawn to the tranquility and scenic views offered by waterfront properties  in areas like Baltimore County  or Harford County . These buyers often have accumulated wealth and are transitioning to a more relaxed, waterfront-focused lifestyle. Younger Professionals Seeking Vacation Properties :Younger professionals, in their 30s and 40s , are also part of the waterfront buyer demographic, looking for second homes  or weekend getaways . They may prioritize access to water-based recreational activities, such as boating , fishing , or kayaking . Proximity to Baltimore's urban core  makes these homes an attractive option for those seeking a balance between city life and relaxation. Investors/Short-Term Rental Seekers :There is growing interest from investors  looking for vacation rentals  or Airbnb properties . The Greater Baltimore waterfront market  offers opportunities for short-term rentals , particularly with the area's proximity to both Baltimore City  and local lakes. Homes with waterfront views or direct access to water offer high rental potential and appeal to tourists or short-term renters. Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? 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 As we conclude the September 2024 Greater Baltimore real estate market report , it’s clear that both the luxury  and waterfront segments  are experiencing dynamic shifts. The luxury market has shown resilience, with rising average prices  and sellers achieving full asking prices  in many cases. However, the market is becoming more measured, with extended days on market  and a drop in sales volume  compared to the previous month. This suggests that while demand remains strong, buyers are taking longer to make decisions, potentially due to higher prices and limited inventory. In the waterfront segment , there has been a continued softening , with prices falling and properties spending more time on the market. However, the steady sales volume indicates that buyers are still seeking waterfront properties, albeit with more negotiating power. Investors and second-home buyers continue to find opportunities in this segment, particularly as sellers become more flexible with pricing. Moving forward, the Greater Baltimore real estate market  is expected to remain competitive but with more opportunities for buyers  to negotiate and take their time with purchasing decisions. Sellers may need to adjust expectations slightly as market conditions evolve, particularly in the waterfront market, where buyers are pushing for better deals. Whether you're buying or selling, staying informed on these trends will be key to navigating the evolving landscape. The Greater Baltimore market  continues to offer great potential for luxury and waterfront buyers, but both segments require careful consideration of pricing strategies and timing.

As we dive into the Greater Annapolis real estate market for September 2024 , both the luxury  and waterfront  segments reveal ongoing shifts. This report provides key insights into pricing, sales volume, and market dynamics for properties in the $1M+ range , including sought-after waterfront homes. With continued softening in average prices and changes in days on market, the Annapolis luxury and waterfront markets are evolving. Let’s explore the data to better understand how these trends are shaping the real estate landscape this month. Exploring Market Metrics In September 2024 , the luxury real estate market in Greater Annapolis continued to experience adjustments in both pricing and activity. The average price  of luxury properties dropped to $1,491,473 , down from $1,649,092  in August, and significantly lower than the $1,683,795  recorded in September 2023 . This steady decline suggests ongoing softening in the market as luxury buyers become more selective in their property choices. The days on market  increased slightly, with properties taking an average of 32 days  to sell, compared to 27 days  in August. This marks a marginal increase from the 30 days  seen in September 2023 , signaling that homes are taking a bit longer to sell as market conditions shift. The total number of sales dropped to 38 homes  in September, down from 44 in August  and 47 in September 2023 . This decrease in sales volume indicates that while demand for high-end homes remains solid, the overall market activity has slowed compared to previous months. The list price to sales price ratio  declined to 95.3%  in September, down from 96.4%  in August and 97.6%  in September 2023. This reflects an increased ability for buyers to negotiate on price, as sellers are accepting offers that are further below asking prices than in previous months. ANNAPOLIS LUXURY sept 2024 august 2024 sept 2023 Average Price $1,491,473 $1,649,092 $1,683,795 Days on Market 32 27 30 Total Sales 38 44 47 List Price To Sales Price 95.3 % 96.4% 97.6% The waterfront market in Annapolis saw several key shifts in September 2024 . Average prices  decreased to $1,274,281 , down significantly from $1,645,364  in August, and below the $1,513,472  recorded in September 2023 . This decline suggests a cooling in the waterfront market, with buyers possibly becoming more cautious due to broader economic factors or fewer premium listings available. However, days on market  increased to 50 days  in September, compared to 36 days  in August and 43 days  in September 2023. This rise indicates that waterfront properties are taking longer to sell, signaling that buyers may be moving more slowly or that properties are lingering on the market due to price or location factors. The total number of sales  fell to 16 homes  in September, down from 22 in August  and 27 in September 2023 . This reduction in sales volume could be a reflection of lower inventory or buyers exercising more caution in their purchases, potentially waiting for more favorable market conditions. The list price to sales price ratio  held relatively steady at 95.0% , slightly down from 95.3%  in August but higher than 94.2%  in September 2023. This indicates that sellers are still achieving close to their asking prices, though buyers have a bit more negotiating power compared to recent months. ANNAPOLIS waterfront sept 2024 august 2024 sept 2023 Average Price $1,274,281 $1,645,364 $1,513,472 Days on Market 50 36 43 Total Sales 16 22 27 List Price To Sales Price 95.0% 95.3% 94.2% let's look at the average property in each market in sept '24 MARKET BEDS BATHS SQUARE FEET PPSF ANNAPOLIS LUXURY 5 5 4,721 $430.22 ANNAPOLIS WATERFRONT 3 3 3,012 $534.88 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? 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 As we wrap up the September 2024 Greater Annapolis real estate market report , it’s clear that the luxury and waterfront segments are experiencing a period of softening. While demand for high-end homes remains present, both luxury  and waterfront properties  have seen decreases in average prices , longer days on market , and a drop in total sales  compared to recent months and the previous year. These trends suggest that buyers are becoming more selective, potentially due to economic factors or tighter inventory, and are negotiating more aggressively on prices. Despite these shifts, sellers are still achieving strong returns , with list price to sales price ratios  holding steady around 95%, showing that homes are selling close to asking prices. This signals that while there is more room for negotiation, the Annapolis market  remains competitive, particularly for well-located properties in desirable waterfront and luxury areas. Moving forward, we anticipate that demand for waterfront homes  and luxury estates  will continue, but both buyers and sellers should be prepared for continued market adjustments. Sellers may need to price more competitively to align with current market trends, while buyers can benefit from increased leverage in negotiations.

This concise review covers the key insights and data from the luxury real estate market across Southern Maryland, encompassing Calvert , Charles , and Saint Mary's  counties. Known for its beautiful waterfronts, quiet communities, and proximity to the Chesapeake Bay, Southern Maryland remains an attractive destination for high-end buyers looking for privacy and serene living. Although smaller in scale compared to other regions, the luxury market in Southern Maryland continued to exhibit stability in Q2 2024, with notable trends in buyer behavior, pricing, and days on market. This report provides a snapshot of key market trends, offering valuable insights to help inform your real estate decisions, whether you're looking for a primary residence or a vacation retreat. Table of Contents Introduction and Market Overview Southern Maryland Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a concise analysis of the real estate trends in Southern Maryland , focusing on luxury properties sold over $1 million in Calvert , Charles , and Saint Mary's  counties. Key Insights Covered: Market Performance: Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights : Highlights of key neighborhoods and areas, focusing on local trends, buyer demand, and notable developments. Luxury Market Analysis : A breakdown of notable luxury sales, including top transactions, and what factors are driving premium prices in the Southern Maryland market. Buyer Insights : A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data : Graphs and charts to make key data points accessible, showcasing trends in inventory, price growth, and notable sales over time. Quarterly Forecast : Expert predictions for the next quarter, with projections based on current data, interest rate trends, and inventory outlook. Whether you're looking for a primary residence  or a waterfront retreat , this report provides the insights you need to make informed decisions in Southern Maryland's luxury real estate market. southern maryland Market Analysis The luxury real estate market on the Eastern Shore saw remarkable growth in Q2 2024, with the total number of transactions  rising by 62% year over year and the total sales value  increasing by over 65%. The average sales price  of luxury properties also experienced a modest increase, up 2.11% compared to Q2 2023. Additionally, homes in the luxury segment sold slightly faster, with the average days on market (DOM)  dropping by 4.49%. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 24 14 +71.43% Waterfront Transactions 12 11 +9.09% Total Sales Value $29,211,250 $18,059,259 +61.75% Average Sales Price $1,217,135 $1,289,947 -5.64% Price Per Square Foot $348.95 $355.50 -1.84% Days on Market (Average) 48 16 +200% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Huntingtown  is one of Calvert County's  most desirable communities, particularly for luxury buyers looking for large estates and modern homes set in a quiet, countryside setting. Known for its top-rated schools, spacious properties, and proximity to both the Patuxent River and Chesapeake Bay, Huntingtown is ideal for families and professionals who value privacy and a suburban lifestyle. With its excellent community services and well-maintained neighborhoods, Huntingtown offers an exceptional quality of life. Q2 2024 Key Metrics: Total Sales Value : $3,440,000 Average Sales Price : $1,146,667 Number of Transactions : 3 Average Days on Market : 10 Lifestyle Feature:  Life in Huntingtown offers the perfect balance between peaceful country living and modern convenience. Residents enjoy large homes with plenty of land, providing both privacy and space for outdoor activities. The town’s excellent schools, family-friendly environment, and easy access to outdoor recreation make it a top choice for luxury buyers looking to settle down in a quiet, yet vibrant community. Leonardtown  is the cultural and historical heart of Saint Mary’s County . Known for its small-town charm and rich history, Leonardtown has become an increasingly popular destination for luxury home buyers looking for quiet living with modern conveniences. The town is home to numerous historic sites, as well as a vibrant arts scene, boutique shopping, and a growing culinary culture. With its proximity to the Potomac River, Leonardtown also offers easy access to waterfront activities and outdoor recreation. Q2 2024 Key Metrics: Total Sales Value: $3,800,000 Average Sales Price : $1,266,667 Number of Transactions : 3 Average Days on Market : 14 Lifestyle Feature:  Living in Leonardtown provides a perfect blend of history, culture, and relaxation. Residents enjoy a strong sense of community, with local festivals, farmers markets, and outdoor concerts adding to the town's appeal. The nearby Potomac River and Breton Bay provide ample opportunities for boating, fishing, and kayaking, making Leonardtown a great choice for those seeking a peaceful yet active lifestyle. Dunkirk , located in Calvert County , is a suburban haven known for its spacious estates and tranquil environment. Popular among families and those seeking more land and privacy, Dunkirk offers a range of high-end homes, many set on large lots with plenty of green space. While maintaining a rural feel, Dunkirk is also well connected, with convenient access to both Washington, D.C., and Annapolis. This accessibility makes it a prime location for luxury buyers who want to balance suburban living with proximity to city amenities. Q2 2024 Key Metrics: Total Sales Value : $4,263,250 Average Sales Price : $1,065,812 Number of Transactions : 4 Average Days on Market : 40 lifestyle feature:  Dunkirk is perfect for those looking for a quieter, more private lifestyle without sacrificing convenience. The area boasts beautiful homes on large, wooded lots, offering a serene environment for families and professionals alike. Outdoor enthusiasts will appreciate Dunkirk’s proximity to hiking trails, parks, and waterfront activities, while residents can also enjoy easy access to nearby shopping and dining options. Luxury Sales The luxury real estate market in Southern Maryland  continues to see steady interest, particularly in waterfront properties and spacious estates. While the number of luxury transactions remains smaller compared to other regions, the demand for privacy, modern amenities, and proximity to the Chesapeake Bay remains strong. Several notable transactions were recorded in Q2 2024 , with properties boasting large acreages, water access, and premium finishes commanding top prices. Among the highest sales were properties located in Dunkirk  and Leonardtown , where sales consistently crossed the $1 million mark. Demand remains strong for homes with modern finishes and eco-friendly features, particularly among high-net-worth buyers from urban areas like Washington, D.C., seeking peaceful primary or secondary homes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury market in Southern Maryland  offers a unique investment opportunity for buyers. Over the past year, luxury properties in this region have shown steady appreciation, making them a solid choice for long-term investment. The combination of privacy, space, and waterfront access makes these homes particularly desirable, and the growing demand has led to consistent price increases. As buyers invest in luxury homes, they are not just purchasing real estate—they are investing in a lifestyle that offers both relaxation and proximity to nature. With an average appreciation rate of over 3.6%  across the past two quarters, luxury homes in Southern Maryland continue to provide strong returns for discerning investors. Buyer Insights The buyer profile in Southern Maryland  continues to favor high-net-worth individuals, with many seeking spacious estates, waterfront properties, and modern homes. The market remains competitive, especially for homes offering privacy and direct access to the Chesapeake Bay or Patuxent River. Many buyers are either looking for primary residences with more space and serenity or second homes to escape city life, drawn by Southern Maryland’s rural charm and proximity to major metropolitan areas. Key Insights Buyer Demographics : Many buyers come from nearby metropolitan areas such as Washington, D.C. , Annapolis , and Baltimore . High-income professionals and retirees make up the majority, looking for luxury homes that provide privacy, waterfront access, or large, secluded estates. Property Preferences : Waterfront properties  continue to be a top priority for buyers. Homes offering direct water access, private docks, and expansive views of the Chesapeake Bay and nearby rivers consistently command premium prices. Spacious estates : Buyers are drawn to properties with large acreage, particularly in Dunkirk  and Huntingtown , where privacy and space are key selling points. Turnkey homes : Modern, move-in-ready properties with energy-efficient features are in high demand, particularly in the luxury segment. Financing Trends : Cash purchases  dominate the luxury segment as high-net-worth buyers take advantage of the market’s favorable conditions. Financed purchases : Buyers in the mid-to-high-end market ($1M–$2M range) continue to leverage low-interest mortgage options to secure larger properties. Eco-Friendly and Sustainable Living There is a growing demand for luxury homes with eco-friendly features in Southern Maryland. Many buyers are looking for properties that incorporate energy-efficient systems , solar panels , and sustainable building materials , aligning with their environmental values without sacrificing modern luxury. This trend is particularly strong among younger high-net-worth buyers seeking to reduce their carbon footprint while maintaining an upscale lifestyle. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Sustained Demand for Spacious and Waterfront Properties: We expect continued strong demand for waterfront properties  and spacious estates  in Southern Maryland , particularly in sought-after locations like Leonardtown , Dunkirk , and Huntingtown . High-net-worth buyers from Washington, D.C., and Baltimore will continue to seek out properties offering privacy, large acreage, and access to the Chesapeake Bay or Patuxent River. The trend of purchasing second homes and retirement properties is likely to persist, driving interest in these areas. Limited Inventory and Competitive Pricing: The inventory of luxury homes in Southern Maryland is expected to remain tight, which will likely lead to increased competition among buyers. Prices for high-end properties are anticipated to rise slightly, especially for homes offering waterfront access or premium amenities. Dunkirk  and Leonardtown  are likely to see heightened demand as families and retirees look for spacious homes with proximity to nature and water. Interest Rates and Financing Trends: While interest rates remain a key factor in the broader market, luxury buyers in Southern Maryland tend to rely on cash purchases , limiting the impact of fluctuating rates on the high-end segment. However, for buyers leveraging financing in the $1M–$2M range, a potential increase in interest rates later in the year could prompt them to move quickly on properties before rates rise further. Seasonal Buyer Activity: Q3 is typically a slower quarter for transactions as summer comes to an end, but we anticipate continued interest in vacation homes  and waterfront properties . Buyers looking to secure properties ahead of the holiday season may increase activity in September , particularly for homes in Leonardtown  and Huntingtown . Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates , sprawling countryside properties , or modern retreats . We offer private consultations  to help you find your ideal home in Southern Maryland . Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Leonardtown , Dunkirk , Huntingtown , and beyond. Investment Opportunities For buyers seeking real estate as an investment , we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation . Whether you're interested in waterfront estates  with private docks or income-generating vacation homes , we help you navigate opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion . Waterfront Property Consultations We specialize in luxury waterfront properties  across Southern Maryland . Our team is highly experienced in the complexities of waterfront real estate , from understanding riparian rights  to navigating regulations for private docks . Whether you're looking for a weekend getaway or a full-time residence with water access , we provide expert guidance tailored to your needs. As we wrap up this quarterly analysis of the Southern Maryland luxury real estate market , it’s evident that the region continues to attract high-net-worth buyers seeking both luxury and lifestyle . With consistent demand for waterfront properties  and spacious estates , the market has shown strong performance, reflected in both rising sales values and stable transaction volume. The substantial increase in both total sales value  and waterfront transactions  highlights the enduring appeal of Southern Maryland , particularly for buyers looking for privacy, expansive properties, and premium water access. Communities like Leonardtown , Dunkirk , and Huntingtown  have seen continued interest, with shorter days on market indicating a competitive environment for high-end homes. As inventory remains limited, competition for luxury properties is expected to persist into Q3, driving further activity in this segment. Moving forward, we anticipate sustained demand for luxury homes, especially in highly sought-after waterfront locations  and family-friendly communities . Both buyers and sellers should be prepared for a dynamic market with continued opportunities across the region. We hope this report has provided valuable insights to guide your real estate decisions. Should you have any questions or require further information, our team is here to assist. Whether you're exploring investment opportunities  or seeking your dream home in Southern Maryland , we are dedicated to helping you navigate this unique market with confidence. Thank you  for trusting us with your real estate needs, and we look forward to continuing to provide you with timely, actionable market insights.

Welcome to the Q2 2024 Market Report! This comprehensive review covers the key insights and data from the luxury real estate market across Maryland's Eastern Shore, including Talbot, Kent, and Queen Anne's counties. Known for its scenic beauty, historic charm, and access to the Chesapeake Bay, the Eastern Shore remains a desirable destination for high-end buyers seeking privacy, waterfront living, and spacious estates. Despite broader economic conditions, the luxury market in the Eastern Shore continued to show resilience and strength, with key shifts in buyer behavior, price trends, and days on market. This report includes community spotlights, luxury market trends, buyer insights, and a forecast for Q3 2024 to help you make informed decisions. Whether you're looking for a primary residence or a seasonal retreat, this report covers the critical data you need. Table of Contents Introduction and Market Overview Eastern Shore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in the Eastern Shore of Maryland, focusing on luxury properties sold over $1 million  in Talbot, Kent, and Queen Anne's counties . Key Insights Covered: Market Performance:  Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights:  Deep dives into top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis:  Breakdown of notable luxury sales, including the top transactions, and what factors are driving premium prices. Buyer Insights:  A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data:  Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast:  Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. EASTERN SHORE Market Analysis The luxury real estate market on the Eastern Shore saw remarkable growth in Q2 2024, with the total number of transactions  rising by 62% year over year and the total sales value  increasing by over 65%. The average sales price  of luxury properties also experienced a modest increase, up 2.11% compared to Q2 2023. Additionally, homes in the luxury segment sold slightly faster, with the average days on market (DOM)  dropping by 4.49%. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 60 37 +62.16% Waterfront Transactions 49 30 +63.33% Total Sales Value $124,261,207 $75,050,073 +65.59% Average Sales Price $2,071,020 $2,028,034 +2.11% Price Per Square Foot $580.09 $506.33 +14.57% Days on Market (Average) 42.05 44.03 -4.49% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Easton  continues to be one of the most sought-after locations on the Eastern Shore. Known for its blend of historic charm and modern amenities, Easton offers a high quality of life that attracts both full-time residents and second-home buyers. The town is famous for its vibrant arts scene, boutique shopping, and excellent dining options, making it a cultural hub for the region. Easton also provides easy access to the Chesapeake Bay, allowing residents to enjoy boating, fishing, and waterfront living. Q2 2024 Key Metrics: Total Sales Value : $26,250,000 Average Sales Price : $2,187,500 Number of Transactions : 12 Average Days on Market : 56 Many buyers are drawn to Easton’s peaceful suburban atmosphere, which combines the best of small-town living with convenient access to larger cities like Washington, D.C., and Baltimore. Lifestyle Feature:  Living in Easton offers a unique mix of quiet, laid-back charm and access to some of the best cultural and recreational activities on the Eastern Shore. Residents enjoy the best of both worlds: a relaxed pace of life with nearby theaters, galleries, and historical landmarks, as well as opportunities for outdoor adventure with easy access to the Chesapeake Bay. Easton’s walkable downtown makes it easy to explore local cafes, artisanal shops, and farmers markets, giving residents a sense of community and belonging. Saint Michaels  is one of the most picturesque and desirable waterfront towns on Maryland's Eastern Shore. Steeped in history, this charming town is known for its colonial architecture, world-class marinas, and stunning waterfront views of the Chesapeake Bay. It offers a slower, relaxed pace of life, making it an attractive destination for retirees, second-home buyers, and those seeking a peaceful escape from city life. Q2 2024 Key Metrics: Total Sales Value: $19,697,707 Average Sales Price : $2,462,213 Number of Transactions : 8 Average Days on Market : 18 Lifestyle Feature:  Life in Saint Michaels  revolves around the water. Residents can enjoy sailing, fishing, and kayaking on the Bay, while land lovers appreciate the town's quaint streets, gourmet restaurants, and boutique shopping. The town is also a haven for history buffs and art lovers, with galleries, museums, and historical landmarks. Whether you’re exploring the local farmer's market or enjoying a sunset cruise, Saint Michaels offers a lifestyle that perfectly blends luxury, relaxation, and coastal charm. Chestertown  is a historic gem on the Eastern Shore, known for its preserved colonial architecture, waterfront charm, and vibrant community. Nestled along the Chester River, Chestertown attracts those looking for quiet, scenic living with a strong sense of history. The town’s rich cultural heritage, combined with its proximity to Washington, D.C., and Philadelphia, makes it an appealing destination for second-home buyers and retirees. Chestertown’s real estate market often draws buyers interested in waterfront homes and historic properties. The town's well-preserved streets and local events, such as the Chestertown Tea Party Festival, add to its unique appeal, blending historical significance with a close-knit community feel. Q2 2024 Key Metrics: Total Sales Value : $10,910,000 Average Sales Price : $1,558,571 Number of Transactions : 7 Average Days on Market : 32 Investment Insight:  Living in Chestertown  offers a quiet, riverfront lifestyle with a deep connection to history and nature. Residents enjoy the town's picturesque streets lined with colonial-era homes, local farmers markets, and waterfront parks. The Chester River is a hub for outdoor activities like sailing, kayaking, and fishing, providing endless recreational opportunities. Additionally, Chestertown's cultural scene is enriched by its local art galleries, historic landmarks, and regular festivals, making it a perfect blend of small-town charm and sophisticated living. Luxury Sales The luxury real estate market on the Eastern Shore was driven by a continued interest in waterfront properties and spacious estates. Several significant transactions were recorded in Q2 2024, with properties boasting large acreages, modern amenities, and exclusive access to the Chesapeake Bay commanding top prices. Among the highest sales were properties located in Talbot and Queen Anne's counties, with prices exceeding $5 million. Demand remained strong for homes offering modern finishes and eco-friendly features, particularly among high-net-worth individuals from nearby urban areas seeking seasonal or second homes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury market continues to grow, with top properties appreciating significantly year over year. Buyers are not just purchasing a home—they are investing in a lifestyle. Over the past two quarters, high-end properties have appreciated by an average of 3.6 % , making them a smart choice for long-term investment. Buyer Insights The buyer profile in the Eastern Shore  continues to favor high-net-worth individuals, with many seeking waterfront estates and historic properties. The market remains competitive, particularly for waterfront properties and homes in desirable towns like Easton, Saint Michaels, and Chestertown. Many of these buyers are either looking for second homes or planning for retirement, drawn to the region's blend of tranquility and coastal charm. Key Insights Buyer Demographics : Many buyers come from nearby metropolitan areas such as Washington, D.C., Philadelphia, and Baltimore. High-income professionals and retirees make up the majority of the buyers, looking for luxury homes with privacy, waterfront access, or historic significance. Property Preferences : Waterfront properties  are a top priority for buyers. Homes offering direct water access, private docks, and expansive views continue to command premium prices. Historic homes : In towns like Chestertown, buyers are attracted to well-preserved colonial and Victorian-era properties that offer both historical significance and modern luxury amenities. Turnkey homes : Buyers are increasingly seeking homes with modern finishes, energy-efficient features, and minimal required updates, particularly in the luxury segment. Financing Trends : Cash purchases  dominate the luxury segment as high-net-worth buyers look to take advantage of favorable market conditions. Financed purchases : More buyers in the mid-to-high-end market ($1M–$2M range) are leveraging low-interest financing options. Eco-Friendly and Sustainable Living There is a growing demand for luxury homes with eco-friendly features. Many buyers are prioritizing properties that incorporate energy-efficient systems, solar panels, and sustainable building materials, aligning with their environmental values without sacrificing luxury. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Continued Demand for Waterfront and Luxury Properties: The strong demand for waterfront properties and spacious estates is expected to continue throughout Q3 2024. High-net-worth buyers from Washington, D.C., Philadelphia, and Baltimore will continue to seek private, serene living environments, particularly in towns like Easton, Saint Michaels, and Chestertown. We anticipate a modest increase in the average price per square foot, especially for properties with premium waterfront access and modern amenities. Inventory Levels and Buyer Competition: Inventory levels in the luxury segment are expected to remain tight, particularly for high-end waterfront homes. This limited supply is likely to create increased competition among buyers, leading to sustained or slightly rising prices. Communities with a strong blend of waterfront and historic homes, such as Chestertown and Saint Michaels, may see properties selling faster as buyer demand grows. Impact of Interest Rates on Mid-Range Homes: Favorable interest rates may continue to drive the mid-range segment ($1M–$2M), particularly among buyers financing larger portions of their purchases. However, if interest rates rise toward the end of the quarter, demand could slow slightly in this bracket, with more buyers opting to move quickly on properties before rates increase further. Seasonal Buyer Activity: Q3 historically sees increased buyer activity as families finalize home purchases before the start of the school year. We expect to see a higher demand for family-friendly homes in Easton and other popular waterfront communities as summer vacation home buyers look to close deals before fall. Activity is also likely to spike with vacationers seeking second homes ahead of the holiday season. Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates, historic homes, or modern retreats. We offer private consultations  to help you find your dream property in the Eastern Shore region. Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Easton, Saint Michaels, Chestertown, and beyond. Investment Opportunities For buyers seeking real estate as an investment, we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation. From waterfront estates with private docks to income-producing vacation rentals, we’ll help you capitalize on opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion. Waterfront Property Consultations We specialize in luxury waterfront properties across the Eastern Shore. Our team is highly experienced in the complexities of waterfront real estate, from understanding riparian rights to navigating regulations for private docks. Whether you're looking for a weekend retreat or a full-time residence with water access, we provide expert guidance tailored to your needs. As we wrap up this quarterly analysis of the Eastern Shore luxury real estate market , it’s clear that the region continues to attract high-net-worth buyers seeking both luxury and lifestyle. With consistent demand for waterfront properties, historic estates, and spacious homes, the market has shown strong performance, reflected in rising sales values and increased transaction volume. The substantial increase in both total sales value  and waterfront transactions  highlights the enduring appeal of the Eastern Shore, particularly for buyers looking for privacy and premium water access. The price per square foot  saw a healthy rise, reinforcing the value of homes in key communities like Easton, Saint Michaels, and Chestertown. As inventory remains tight, the competition for high-end properties is expected to continue into Q3, driving further interest in the luxury market. Moving forward, we anticipate sustained demand for luxury homes, especially in sought-after waterfront locations. Buyers and sellers should be prepared for a dynamic market, with opportunities continuing to emerge across the region. We hope this report has provided valuable insights to help guide your real estate decisions. Should you have any questions or require further information, our team is here to assist. Whether you're exploring investment opportunities or seeking your dream home on the Eastern Shore, we’re dedicated to helping you navigate this unique market with confidence. Thank you  for trusting us with your real estate needs, and we look forward to continuing to provide you with timely, actionable market insights.

Welcome to our quarterly real estate market report. This comprehensive review covers key insights and data from the Greater Baltimore region, which we are defining as Baltimore City, Baltimore County, and Howard County. Known for its mix of vibrant urban centers, historic neighborhoods, and sought-after suburban enclaves, the Greater Baltimore area offers a wide array of luxury living options. The market continues to evolve, with shifts in inventory, pricing trends, and buyer preferences. In this report, we delve into these dynamics while also featuring community spotlights, luxury market trends, buyer insights, and a quarterly forecast to give you a forward-looking perspective. Whether you're seeking a chic urban lifestyle or a sprawling suburban estate, this report provides everything you need to make informed decisions in the Greater Baltimore market. Table of Contents Introduction and Market Overview Greater Baltimore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Luxury Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in Greater Baltimore, which we are defining as properties in Baltimore City, Baltimore County and Howard County worth over $1M. Key Insights Covered: Market Performance: Quarter-over-quarter and year-over-year comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights: Deep dives into the top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis: Breakdown of notable luxury sales, including the top sales, and what factors are driving premium prices. Buyer Insights: A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data: Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast: Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. Greater baltimore Market Analysis The luxury market in Greater Baltimore is robust, with rising transaction volume and sales value, while pricing remains relatively stable. The faster pace of sales and higher price per square foot underscores the desirability of luxury properties, especially those offering unique amenities and prime locations. Buyers in this market are acting swiftly, and competition remains strong for high-end homes. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 237 208 +13.94% Total Sales Value $322,094,776 $286,035,267 +12.61% Average Sales Price $1,359,050 $1,375,170 -0.01% Price Per Square Foot $344.43 $322.48 +6.81% Days on Market (Average) 26 32 -18.75% luxury Lifestyle Feature The data paints a picture of a luxury market with strong demand, relatively stable pricing, and periodic fluctuations in inventory and DOM. The increase in inventory, combined with stable median prices and robust transaction volumes, suggests that while competition is high, there is still enough supply to satisfy buyer demand. However, the recent spike in DOM should be monitored, as it may indicate a temporary slowdown or buyer hesitation in certain luxury price brackets. Buyers in the market are largely using conventional financing, with a notable percentage of cash buyers, suggesting that the luxury market is fueled by affluent individuals and families looking for long-term investments in desirable neighborhoods. For sellers, this is an opportune time to list, especially as inventory continues to climb. Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights The luxury market in Maple Lawn continues to thrive, with impressive sales and swift transaction times reflecting the strong demand for homes in this premier community. These figures highlight Maple Lawn’s status as a competitive and desirable location for high-end buyers. Q2 2024 Key Metrics: Total Sales Value : $11,361,115 Average Sales Price : $1,262,346 Number of Transactions : 9 Average Days on Market : 20 Lifestyle Feature:  Maple Lawn offers a balanced lifestyle, combining modern convenience with a village-like atmosphere. Its walkable design includes parks, walking trails, and green spaces, while a vibrant business district offers dining, shopping, and essential services. Residents enjoy top-tier amenities like a clubhouse, swimming pools, tennis courts, and fitness centers, as well as year-round community events that foster a strong sense of belonging. Maple Lawn is ideal for those seeking suburban living with urban conveniences, perfect for families, professionals, and retirees. The Ruxton community continues to demonstrate its appeal to high-end buyers, as reflected by strong market performance in the second quarter of 2024. With an average sales price nearing $1.8 million, Ruxton remains one of the most exclusive and sought-after neighborhoods in Baltimore County. The limited number of transactions (7) indicates the exclusivity and low inventory typical of this area, where properties are highly prized and rarely stay on the market for long. Q2 2024 Key Metrics: Total Sales Value: $12,529,396 Average Sales Price : $1,789,913 Number of Transactions : 7 Average Days on Market : 35 Lifestyle Feature:  Known for its tree-lined streets and spacious, private estates, Ruxton provides a peaceful suburban retreat while still being conveniently close to Towson and Baltimore City. The area is prized for its top-rated schools, lush landscapes, and close-knit community feel, attracting families and professionals seeking privacy, space, and easy access to amenities. Its mix of classic architecture and exclusive living creates an unmatched, refined suburban atmosphere. Village of River Hill is a master-planned village with access to top-rated schools, parks, and recreational facilities, including miles of walking trails and green spaces that integrate seamlessly with the area's natural surroundings. The Village of River Hill continues to perform exceptionally well in Howard County’s luxury market, with impressive key metrics for the second quarter of 2024: Q2 2024 Key Metrics: Total Sales Value : $7,104,500 Average Sales Price : $1,184,083 Number of Transactions : 6 Average Days on Market : 3 lifestyle Insight:  The nearby village center provides essential services, dining, and shopping options, making daily life both convenient and enjoyable. Luxury Sales The luxury market in Greater Baltimore saw significant activity in Q2 2024 , with demand for large estates driving the top sales . Conversely, the highest-priced transaction was a condo at the Four Seasons in Harbor East, selling for $3.85M. Several other properties sold quickly in this competitive segment, particularly those with exquisite finishes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment Greater Baltimore’s luxury market continues to offer strong investment opportunities, with properties appreciating steadily and seeing swift movement. High-end homes in sought-after areas like Ruxton, Clarksville, and the Inner Harbor often sell quickly, reflecting high demand. The diversity of property types—from historic estates to modern waterfront condos—provides a wide range of options for luxury buyers. Whether seeking suburban peace or urban sophistication, buyers are investing in both lifestyle and long-term value in this competitive market. Buyer Insights The buyer profile in Greater Baltimore  reflects a mix of high-net-worth individuals and professionals seeking both primary residences and investment properties. The market remains highly competitive, especially in suburban areas like Ruxton and Clarksville, as well as urban locations such as Baltimore’s Inner Harbor. The demand for privacy, spacious lots, and access to modern amenities is driving much of the activity in Q2 2024. Key Insights Buyer Demographics : Many buyers are moving from nearby areas such as Washington, D.C., and northern Virginia, with a significant number of professionals, families, and retirees seeking high-end homes. The luxury market attracts a mix of those looking for suburban estates or chic urban residences in Baltimore City. Property Preferences : Suburban estates and privacy : Large, private lots in areas like Ruxton and Clarksville remain highly sought after, particularly among families and retirees who value space and tranquility. Urban luxury : High-end condos and townhomes in the Inner Harbor continue to draw buyers seeking a cosmopolitan lifestyle with waterfront views and proximity to cultural hubs. Modern amenities : Homes with turnkey, updated finishes are in high demand, especially in suburban areas where buyers are looking for convenience and luxury. Cash purchases : The upper end of the market is dominated by cash buyers, many of whom are looking for both primary residences and investment properties. Financed purchases : Mid-to-high-end buyers in the $1M-$2M range continue to take advantage of favorable mortgage rates, particularly in the suburban segments of Baltimore County and Howard County. Eco-friendly and sustainable living: The demand for eco-friendly homes is growing in Greater Baltimore, especially among luxury buyers. New construction properties with energy-efficient features, solar panels, and sustainable materials are becoming more popular as environmentally conscious buyers seek homes that combine luxury with sustainability. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Continued Demand for Suburban and Luxury Properties: The demand for luxury properties in Greater Baltimore is expected to remain strong throughout Q3 2024. High-net-worth buyers from Washington, D.C., and northern Virginia will likely continue to seek larger, more private residences in suburban communities like Ruxton and Clarksville. Urban buyers, on the other hand, will keep driving interest in high-end condos and townhomes in Baltimore’s Inner Harbor. We anticipate a slight increase in the average price per square foot for luxury homes, particularly in these highly desirable areas. Stable Inventory Levels with Increased Competition: Inventory in the luxury market is expected to remain limited, especially in sought-after neighborhoods. The tight inventory will likely lead to more competitive bidding, which could drive prices up slightly. Homes in premier communities like Towson, Ellicott City, and Columbia are expected to see increased buyer activity, with properties moving quickly once listed. Impact of Interest Rates on the Mid-Range Market: Favorable interest rates should continue to support the mid-range segment ($1M-$2M), especially in suburban parts of Baltimore County and Howard County. However, any potential rise in rates toward the end of Q3 could slightly dampen demand in this segment, particularly among first-time luxury buyers or those financing larger portions of their purchase. Seasonal Buyer Activity: Q3 traditionally sees a boost in buyer activity, especially from families looking to settle before the start of the school year. Suburban communities like Clarksville and Reisterstown, known for their excellent school systems and family-friendly environments, may see higher-than-usual demand. Expect an uptick in activity during the summer months as buyers aim to secure their homes before fall. Exclusive Offerings for Buyers Private Consultations and Home Tours Interested in finding your perfect Baltimore area estate? Schedule a private consultation  with us for a tailored home tour or to discuss investment opportunities. We offer exclusive access to some of the most desirable properties in the region. As we conclude this quarterly analysis of the Greater Baltimore luxury real estate market, it is clear that the region continues to appeal to high-end buyers seeking a blend of luxury and lifestyle. With strong demand for suburban estates and urban luxury properties, Greater Baltimore has maintained solid sales figures, even in the face of broader economic fluctuations. The rising prices in both listed and sold luxury homes demonstrate the ongoing desirability of this market. Key trends such as quick turnover times and increased competition among buyers underscore the competitiveness of the luxury segment. Looking ahead, the market is expected to remain strong as we move toward the final quarter of the year. Buyers and sellers should be prepared for sustained demand, particularly in neighborhoods offering spacious estates, modern amenities, and proximity to urban conveniences. Our forecast indicates that interest in Greater Baltimore’s luxury properties will remain high, driven by low inventory and lifestyle-focused purchases. We recommend that buyers and sellers stay attuned to these market trends and work with knowledgeable real estate professionals to navigate the opportunities in this dynamic market. We hope this report has provided valuable insights to assist in your real estate decisions. If you have any questions or need further guidance, our team is always here to help. Thank you for trusting us with your real estate needs, and we look forward to providing you with continued market expertise and support.

Welcome to our quarterly real estate market report. This comprehensive review covers key insights and data from the Greater Annapolis region which we are defining as Anne Arundel County. It's one of the most desirable regions for luxury and waterfront properties with its blend of historic charm, waterfront access and proximity to the Chesapeake Bay. The Greater Annapolis market continues to evolve, with significant shifts across inventory, price fluctuations, and buyer behavior, all of which are detailed in this report. We’ve also included community spotlights, luxury market trends, buyer insights, and a quarterly forecast to offer a forward-looking perspective for the next quarter’s opportunities. Whether you're looking for a primary residence or a second home, this report gives you everything you need to make informed decisions in the Greater Annapolis market. Table of Contents Introduction and Market Overview Greater Annapolis Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in Greater Annapolis, which we are defining as properties in Anne Arundel County worth over $1M. Key Insights Covered: Market Performance: Quarter-over-quarter and year-over-year comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights: Deep dives into the top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis: Breakdown of notable luxury sales, including the top sales, and what factors are driving premium prices. Buyer Insights: A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data: Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast: Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. Greater Annapolis Market Analysis The Greater Annapolis market experienced continued strong demand in Q2 2024 , particularly in the luxury and waterfront segments. While the total number of transactions and sales value increased compared to Q2 2023 , properties also sold faster, with an increase in the average days on market. The average price per square foot also rose, reflecting increasing competition for high-end properties. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 166 139 +19.42% Waterfront Transactions 56 45 +24.44% Total Sales Value $290,358,790 $234,827,787 +23.60% Average Sales Price $1,749,149 $1,689,409 +3.53% Price Per Square Foot $538.24 $471.45 +14.15% Days on Market (Average) 27.34 21.31 +28.30% Waterfront Lifestyle Feature Greater Annapolis offers an unparalleled lifestyle for those seeking waterfront living. The region provides quick access to the Chesapeake Bay, world-class marinas, and opportunities for boating, sailing, and water sports. Many homes feature private docks, offering the perfect retreat for waterfront enthusiasts. Click below to view our complete waterfront guide to Greater Annapolis! Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Murray Hill remains one of the most desirable neighborhoods in Annapolis. This quarter, it led the region with a total sales value of over $20 million, with 10 transactions and an average sales price of just over $2 million. Homes in Murray Hill continue to move fast, with properties spending an average of just 15 days on the market. Q2 2024 Key Metrics: Total Sales Value : $20,124,500 Average Sales Price : $2,012,450 Number of Transactions : 10 Average Days on Market : 15 Lifestyle Feature:  Murray Hill residents enjoy walkability to historic Annapolis, nearby parks, the arts district, and countless dining options. Eastport continues to dominate as a key waterfront community, with 8 transactions this quarter and an average sales price of over $2.1 million. The market here remains competitive, with homes selling in just under 11 days. Q2 2024 Key Metrics: Total Sales Value: $16,995,000 Average Sales Price : $2,124,375 Number of Transactions : 8 Average Days on Market : 10.88 Lifestyle Feature:  Living in Eastport means being part of the Annapolis Regatta culture and having the best seafood restaurants and cafes within walking distance. Known for its luxury waterfront estates, Winchester on the Severn saw fewer transactions (2) this quarter but commanded the highest average sales price at nearly $3.5 million. Properties here take longer to sell, with an average of 91 days on the market, but they offer exceptional privacy and waterfront access. Q2 2024 Key Metrics: Total Sales Value : $6,975,000 Average Sales Price : $3,487,500 Number of Transactions : 2 Average Days on Market : 91 Investment Insight:  Winchester on the Severn has seen consistent value appreciation due to its unique combination of privacy and waterfront luxury. Luxury Sales The luxury market in Greater Annapolis saw significant activity in Q2 2024 , with demand for large waterfront estates driving the top sales . The highest-priced transaction was a property on Milvale Rd , selling for $6.9 million. Several other properties sold quickly in this competitive segment, particularly those with waterfront access. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury market continues to grow, with top properties appreciating significantly year over year. Buyers are not just purchasing a home—they are investing in a lifestyle. Over the past two quarters, high-end properties have appreciated by an average of 3.6 % , making them a smart choice for long-term investment. Buyer Insights The buyer profile in Greater Annapolis  continues to skew towards high-net-worth individuals seeking either primary residences or second homes. The market remains competitive, especially for waterfront properties and homes in desirable neighborhoods. The demand for privacy, waterfront access, and modern amenities is driving much of the activity in Q2 2024. Key Insights Buyer Demographics : Many buyers are coming from nearby metropolitan areas such as Washington, D.C. , and Baltimore . The majority are high-income professionals, retirees, or second-home buyers looking for luxury primary residences or seasonal waterfront homes. Property Preferences : Waterfront properties  remain a top priority for buyers. Homes offering direct water access, dock facilities, and privacy continue to command premium prices. New construction and modern finishes : Homes with modern amenities and turnkey properties are in high demand, particularly in the luxury segment. Proximity to downtown Annapolis : Buyers looking for walkability, access to cultural activities, and a vibrant community are attracted to properties in or near downtown neighborhoods like Murray Hill  and Eastport . Financing Trends : Cash purchases  dominate the luxury segment, as high-net-worth buyers take advantage of favorable market conditions. Financed purchases : More buyers in the mid-to-high-end market are leveraging low interest rates for mortgages, particularly in the $1M-$2M price range. Eco-Friendly and Sustainable Living There is also growing demand for luxury homes with eco-friendly features . In Greater Annapolis, many newly constructed homes incorporate energy-efficient systems, solar panels, and sustainable building materials. Buyers are increasingly looking for properties that align with their environmental values without compromising luxury. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Continued Demand for Waterfront and Luxury Properties - The strong demand for waterfront properties and luxury homes is expected to continue, particularly as high-net-worth buyers from urban centers like Washington, D.C., and Baltimore seek more private and spacious living environments. We anticipate a slight increase in the average price per square foot for high-end properties, particularly in desirable areas like Eastport  and Winchester on the Severn . Stable Inventory Levels, but Increased Competition - Inventory levels are likely to remain tight, especially for premium homes. This is expected to result in increased competition among buyers, keeping prices steady or driving them slightly higher. Homes in sought-after communities like Murray Hill  and Annapolis Neck  may sell even faster in Q3. Interest Rate Impact on Mid-Range Homes - As interest rates remain favorable, mid-range buyers ($1M-$2M) may continue to take advantage of financing options, leading to sustained activity in this segment. However, a potential rise in interest rates could slightly temper demand in this bracket toward the end of the quarter. Seasonal Buyer Activity - Historically, Q3 sees increased buyer activity  as families finalize home purchases before the school year begins. Expect higher demand for family-friendly homes in Annapolis Neck  and Bay Ridge  during the summer months. Exclusive Offerings for Buyers Private Consultations and Home Tours Interested in finding your perfect Annapolis waterfront home? Schedule a private consultation  with us for a tailored home tour or to discuss investment opportunities. We offer exclusive access to some of the most desirable properties in the region. As we conclude this quarterly analysis of the Greater Annapolis luxury real estate market, it’s evident that the region continues to attract high-end buyers seeking both luxury and lifestyle. With consistent demand for waterfront properties and top-tier homes, the market has maintained strong sales figures despite fluctuating economic conditions. The rise in both listed and sold median prices  over the last few years reflects the continued desirability of the area, while key trends such as faster days on market and increased competition among buyers highlight the competitiveness of this luxury segment. Moving forward, the market is expected to remain robust, especially as we move into the final quarter of the year. Buyers and sellers alike should prepare for continued strong demand, particularly in neighborhoods offering unique waterfront access and luxury amenities. Our forecast anticipates that interest in Annapolis luxury homes will remain high, driven by continued low inventory and a focus on lifestyle-driven purchases. As always, we encourage prospective buyers and sellers to stay informed of market trends and to work with experienced professionals to navigate this dynamic market. We hope you’ve found this report insightful and that it aids in your real estate decisions. Should you have any questions or require further information, our team is here to assist. Thank you for trusting us with your real estate needs, and we look forward to continuing to provide you with timely, actionable market insights.

As we dive into the Greater Annapolis real estate market for August 2024, both the luxury and waterfront segments reveal interesting trends. This report will provide key insights into pricing, sales volume, and market dynamics for properties in the $1M+ range, as well as sought-after waterfront homes. With slight shifts in average prices and days on market, the Annapolis luxury and waterfront markets continue to evolve. Let’s explore the data to better understand how these trends are shaping the real estate landscape this month. Exploring Market Metrics In August 2024, the luxury real estate market in Greater Annapolis saw slight shifts in both pricing and activity. The average price  of luxury properties dipped to $1,649,092, down from $1,700,281 in July and slightly below the $1,711,206 mark recorded in August 2023. This gradual decline suggests a softening in the market as luxury buyers become more selective. Days on market  improved slightly, with properties taking an average of 27 days to sell, compared to 33 days in July. This is still slightly longer than the 23 days seen in August 2023, signaling that while homes are moving faster than last month, the pace is still slower than it was a year ago. The total number of sales  also decreased, with 44 homes sold in August, down from 48 in July. However, sales are still up compared to August 2023, when 34 luxury properties were sold, indicating that demand for high-end homes remains strong overall despite the slight month-over-month dip. The list price to sales price ratio  came in at 96.4%, down from 97.7% in July and 99.2% in August 2023. This reflects increasing room for negotiation, as buyers are securing luxury homes at prices further below the asking price compared to previous months. ANNAPOLIS LUXURY august 2024 July 2024 august 2023 Average Price $1,649,092 $1,700,281 $1,711,206 Days on Market 27 33 23 Total Sales 44 48 34 List Price To Sales Price 96.4 % 97.7% 99.2% The waterfront market in Annapolis experienced several key shifts in August 2024. Average prices  increased to $1,645,364, up from $1,585,887 in July and significantly higher than the $1,330,347 recorded in August 2023. This continued growth highlights strong demand for waterfront properties, with buyers willing to pay a premium for homes in these coveted locations. However, days on market  dropped to 36 in August, a noticeable improvement from 51 days in July, signaling that properties are selling faster as buyers act more quickly. This is a slight change compared to August 2023, where homes took an average of 39 days to sell, indicating that the market is moving more efficiently than last year. The total number of sales  in August fell to 22, down from 31 in July and also lower than the 30 waterfront sales seen in August 2023. This reduction suggests that while pricing is strong, inventory may be tightening, or buyers are being more selective, causing a drop in total transactions. The list price to sales price ratio  also dipped slightly to 95.3%, down from 96% in July and from 95.7% in August 2023. This indicates that while properties are still selling close to their asking prices, there’s a bit more room for negotiation compared to previous months. ANNAPOLIS waterfront august 2024 July 2024 august 2023 Average Price $1,645,364 $1,585,887 $1,330,347 Days on Market 36 51 39 Total Sales 22 31 30 List Price To Sales Price 95.3% 96% 95.7 % let's look at the average property in each market in aug '24 MARKET BEDS BATHS SQUARE FEET PPSF ANNAPOLIS LUXURY 4 5 4,447 $541.91 ANNAPOLIS WATERFRONT 4 3 3,099 $634.26 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in August? 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!

As we turn our attention to the Greater Baltimore real estate market in August 2024, both the luxury and waterfront segments continue to shape the landscape of this dynamic region. Covering Baltimore City, Baltimore County, and Howard County, this report delves into key trends, including shifts in pricing, sales volume, and buyer behavior. With evolving market conditions, Greater Baltimore remains a focal point for high-end and waterfront real estate, offering valuable insights into how these segments are performing. Let’s dive into the data to explore what August has revealed about the luxury and waterfront markets in this thriving area. Exploring Market Metrics The Greater Baltimore luxury market remained robust in August 2024, with average prices  rising to $1,424,321, up from $1,361,849 in July and slightly higher than the $1,403,984 recorded in August 2023. This steady price growth suggests ongoing demand for high-end properties across Baltimore City, Baltimore County, and Howard County. However, luxury homes took longer to sell in August, with the days on market  increasing to 36 days, more than double the 17 days seen in July. This return to a more typical pace, comparable to the 35 days in August 2023, may indicate that the market is normalizing after a period of faster sales. In terms of sales volume , 76 luxury homes were sold in August, down from 80 in July but slightly above the 74 sales recorded in August 2023. This slight dip suggests that while demand remains strong, the market may be cooling off slightly compared to earlier in the summer. The list price to sales price ratio  came in at 99.6%, a slight decrease from the 100.5% in July but still higher than the 98.7% in August 2023. This indicates that sellers are still getting very close to their asking prices, showing the competitive nature of the market even as the pace of sales slows. greater baltimore luxury august 2024 July 2024 august 2023 Average Price $1,424,321 $1,361,849 $1,403,984 Days on Market 36 17 35 Total Sales 76 80 74 List Price To Sales Price 99.6% 100.5% 98.7 % The Greater Baltimore waterfront market saw some fluctuations in August 2024. Average prices  rose to $661,340, up from $611,093 in July, but almost on par with the $663,395 recorded in August 2023. This slight increase from the previous month suggests steady demand for waterfront properties, though pricing remains relatively stable year-over-year. Days on market  increased sharply to 45 days in August, up from 18 days in July but still faster than the 56 days seen in August 2023. This extended timeframe could indicate that while waterfront homes are still moving, buyers are taking longer to close deals compared to earlier in the summer. Total sales  ticked up, with 20 waterfront homes sold in August, compared to 15 in July and 19 in August 2023. This small increase points to continued interest in waterfront properties, especially around Baltimore Harbor and some of the area’s more secluded lakes. The list price to sales price ratio  fell slightly to 94.3%, down from 96.4% in July but higher than the 93.1% recorded in August 2023. This suggests that while sellers may be negotiating a bit more, they are still receiving competitive offers close to their asking prices, reflecting solid demand in this niche market. greater baltimore WATERFRONT august 2024 July 2024 august 2023 Average Price $661,340 $611,093 $663,395 Days on Market 45 18 56 Total Sales 20 15 19 List Price To Sales Price 94.3% 96.4% 93.1% let's look at the average property in each market in july '24 MARKET BEDS BATHS SQUARE FEET PPSF GREATER BALTIMORE LUXURY 5 5 5,400 $ 323.73 GREATER BALTIMORE WATERFRONT 3 3 2,184 $299.62 Target Demographic for These Properties Luxury Market Buyers : Affluent Professionals and Families : Buyers are likely in their mid-40s to mid-60s, established in careers with a high disposable income. These buyers are likely to be professionals in fields like law, finance, or healthcare, and may own their own businesses. Dual-Income Families : Many buyers in this market are dual-income households seeking both luxury and comfort. Proximity to good schools, country clubs, and cultural amenities makes these homes appealing to families with children. Upsizers/Second-Home Buyers : These buyers are often moving up in the market from smaller luxury homes or upgrading their lifestyle. Some may also be purchasing second homes, using them as part-time residences or for investment purposes. Waterfront Market Buyers : Empty Nesters/Retirees : Many buyers for waterfront properties are older, perhaps in their late 50s to 70s, looking for a peaceful retreat near the water, either as a primary residence or a vacation home. They are likely to have accumulated wealth and are interested in a more relaxed lifestyle. Younger Professionals Seeking Vacation Properties : Some younger professionals in their 30s and 40s may be looking for second homes or weekend getaways. They may prioritize proximity to water for recreational activities like boating or fishing. Investors/Short-Term Rental Seekers : There could also be interest from investors looking for vacation rentals or Airbnb properties in the waterfront segment. The proximity to Baltimore’s urban core or local lakes makes these homes attractive for short-term rental opportunities. Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in August? 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 luxury market  is clearly targeting affluent families and professionals seeking spacious, high-end homes with ample room for entertainment and comfort, while the waterfront market  focuses on buyers who prioritize location and lifestyle, often with smaller properties but unique access to waterfront amenities. The price per square foot and size of these homes reflect the different priorities of buyers in each segment, from those desiring expansive luxury to those seeking the tranquility and prestige of waterfront living.

As we close out August 2024, Southern Maryland’s real estate market—encompassing Charles, Calvert, and St. Mary’s counties—presents a compelling mix of trends in both the luxury and waterfront segments. Known for its scenic landscapes and waterfront appeal, this region continues to attract buyers seeking a balance of luxury living and serene waterfront properties. In this report, we’ll explore key data points, including pricing trends, days on market, and sales activity, providing insights into the current state of the high-end real estate market in Southern Maryland. Let’s dive into the numbers to see how these segments performed throughout August. Exploring Market Metrics In August 2024, the Southern Maryland luxury market saw notable changes, particularly in pricing and market activity. The average price  for luxury properties rose to $1,242,777, a slight increase from $1,111,369 in July but still lower than the $1,329,111 recorded in August 2023. This suggests that while demand remains steady, prices have moderated compared to last year’s highs. One of the most significant changes was in days on market , which dropped dramatically to just 3 days, down from 24 days in July and 41 days in August 2023. This indicates that luxury homes are selling almost immediately, signaling high demand and eager buyers ready to act quickly. However, total sales  volume decreased to just 2 properties sold in August, down from 4 in July and 9 in August 2023. This decline in sales could point to limited inventory or fewer high-end properties coming onto the market. The list price to sales price ratio  reached 100%, an improvement from 98.8% in July and significantly higher than the 97.1% recorded in August 2023. This indicates that sellers are achieving full asking prices, further emphasizing the strong demand for luxury properties in Southern Maryland. southern maryland luxury august 2024 July 2024 august 2023 Average Price $1,242,777 $1,111,369 $ 1,329,111 Days on Market 3 24 41 Total Sales 2 4 9 List Price To Sales Price 100% 98.8 % 97.1% The Southern Maryland waterfront market saw a mix of steady performance and notable improvements in August 2024. The average price  for waterfront properties slightly decreased to $696,450, down from $701,176 in July and a more significant drop from $795,917 in August 2023. This suggests a softening in pricing as the market adjusts, though demand for waterfront living remains consistent. Days on market  improved significantly, with homes selling in an average of 23 days, down from 53 days in July and 50 days in August 2023. This faster turnaround time indicates that waterfront properties are moving more quickly, perhaps driven by buyers seizing opportunities at slightly lower price points. Total sales  increased to 20 properties in August, up from 17 in July but slightly lower than the 24 sales recorded in August 2023. This uptick reflects growing interest in waterfront properties as the summer market remains active, despite slightly lower pricing. The list price to sales price ratio  also improved, rising to 97.5% from 95.8% in July and 96.7% in August 2023. This suggests that sellers are receiving offers closer to their asking prices, reflecting stable demand for waterfront homes in Southern Maryland. southern maryland WATERFRONt august 2024 July 2024 august 2023 Average Price $ 696,450 $701,176 $795,917 Days on Market 23 53 50 Total Sales 20 17 24 List Price To Sales Price 97.5% 95.8 % 96.7% let's look at the average property in each market in aug '24 MARKET BEDS BATHS SQUARE FEET PPSF SOUTHERN MD LUXURY 4 5 4,892 $301.55 SOUTHERN MD WATERFRONTS 4 3 2,344 $356.48 Luxury homes  in Southern Maryland offer more interior space at a slightly lower price per square foot, catering to buyers seeking expansive homes with high-end amenities. Waterfront homes , while smaller, command a higher price per square foot due to their desirable locations and water access, appealing to buyers focused on lifestyle and outdoor living. The difference in PPSF  highlights the premium placed on waterfront living, even though waterfront homes are smaller than their luxury counterparts, demonstrating that location is a key driver of value in this segment. Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in August? 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 Southern Maryland real estate market in August 2024 presented clear distinctions between its luxury and waterfront segments, each attracting different buyer profiles. The luxury market continues to cater to affluent families and individuals seeking expansive homes with high-end amenities, while the waterfront market remains focused on offering a unique lifestyle, where location and water access command a premium. Despite fewer sales in the luxury segment, high demand is evident, as homes are selling quickly and at full asking price. The waterfront market, although seeing a slight dip in average pricing, remains competitive with properties moving faster than in previous months and at prices close to asking. Buyers in this segment are paying a premium per square foot, highlighting the ongoing appeal of waterfront living. As we move forward, Southern Maryland's real estate market shows a healthy balance between size, luxury, and lifestyle, offering opportunities for both buyers and sellers across these high-demand segments. Whether seeking sprawling luxury estates or the tranquility of waterfront living, the region continues to provide diverse options that meet the evolving needs of its buyer base.

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 saw significant changes in August 2024, particularly in terms of pricing and market competitiveness. The average price  for luxury properties surged to $2,090,692, up from $1,768,750 in July and substantially higher than the $1,655,313 recorded in August 2023. This sharp rise reflects strong demand in the luxury segment, with buyers willing to pay top dollar for premium properties in the region. However, properties are taking longer to sell. Days on market  increased to 61 in August, up from 46 in July, though still shorter than the 69 days recorded in August 2023. This suggests that while prices are rising, buyers are taking more time to finalize purchases, possibly indicating a more deliberate approach to high-end acquisitions. Total sales  volume decreased slightly, with 13 luxury properties sold in August compared to 16 in both July 2024 and August 2023. This drop could point to limited inventory or buyer hesitation in the face of rising prices. One area where the market has softened is the list price to sales price ratio , which fell to 88.3%, down from 94% in July and 96% in August 2023. This decrease indicates that buyers are negotiating more aggressively, with sellers receiving less than their asking price, suggesting a market where pricing expectations and offers are diverging. EASTERN SHORE LUXURY august 2024 July 2024 august 2023 Average Price $2,090,692 $1,768,750 $1,655,313 Days on Market 61 46 69 Total Sales 13 16 16 List Price To Sales Price 88.3% 94% 96% The waterfront market in the Eastern Shore region saw some notable shifts in August 2024. Average prices  fell to $1,116,288, down from $1,276,614 in July and from $1,288,955 in August 2023. This decline in pricing suggests that while the demand for waterfront properties remains steady, buyers are pushing for more favorable deals or market conditions are shifting downward. Days on market  increased significantly to 75 days in August, up from 44 days in July and 56 days in August 2023. This longer time on market indicates that properties are taking considerably more time to sell, perhaps reflecting more caution among buyers or a more competitive environment with greater inventory to choose from. On the other hand, total sales  rose to 26 in August, up from 22 in both July 2024 and August 2023. This growth in sales volume highlights the ongoing appeal of waterfront properties, despite the pricing changes and longer selling times. However, the list price to sales price ratio  dropped to 90.5%, down from 94.8% in July and 92.9% in August 2023. This further decline shows that buyers are negotiating harder and sellers are accepting lower offers, contributing to the overall decrease in average pricing. EASTERN SHORE waterfront august 2024 July 2024 august 2023 Average Price $1,116,288 $1,276,614 $1,288,955 Days on Market 75 44 56 Total Sales 26 22 22 List Price To Sales Price 90.5% 94.8% 92.9 % let's look at the average property in each market in aug '24 MARKET BEDS BATHS SQUARE FEET PPSF EASTERN SHORE LUXURY 4 4 3,191 $766.95 EASTERN SHORE WATERFRONT 3 3 2,402 $ 469.23 Top 10 Sold Listings Curious about the top 10 properties that created a buzz in the real estate market in August? Here are some of the exceptional listings that caught the attention of 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 August 2024 brought significant shifts to both the luxury and waterfront segments of the Eastern Shore market. The luxury market saw a sharp rise in average prices, reflecting strong demand, but properties lingered longer on the market and sales were slightly down. Buyers seem to be more cautious, negotiating harder, as evidenced by the drop in the list price to sales price ratio. In the waterfront segment, average prices fell while total sales increased, showing that while more properties are changing hands, they are selling at lower prices and taking longer to close. Buyers are negotiating more aggressively, contributing to the lower list-to-sale ratios seen this month. Overall, the Eastern Shore market is in transition, with some signs of softening in pricing but continued interest from buyers in both the luxury and waterfront sectors. As the market evolves, close attention to pricing strategies and buyer behavior will be key for sellers navigating these changes.