Analysis of sales data shows single-digit price declines in most areas
By KATIE ARCIERI, Staff Writer
By KATIE ARCIERI, Staff Writer
Capital Gazette Communications
Published
08/31/08
If you're trying to sell a home in Anne Arundel County, here's a little confidence boost:
Joshua McKerrow — The Capital
TOP: Alyssa Henry, left, is all smiles in her new home on Chester Avenue as Annapolis Realtor Patsy Oertli looks on. Ms. Henry bought the home for $1 million in June after it was listed in April for $1,199,000.
BOTTOM: This five-bedroom Colonial in the Murray Hill neighborhood of Annapolis has been for sale for more than three months. Owner Dennis Deitch said he plans to lower the price from $869,000 to $849,000 next month.
Home sale prices in almost every corner of the county - from Annapolis and Arnold to Shady Side and Severn - only have fallen in single-digit increments so far this year when compared with 2007, according to an analysis by The Capital.
For example, the year-to-date average median sale price for homes in the 21401 ZIP code of Annapolis stood at $393,635. That's a 5.9-percent drop from a year ago.
That's very good news for homeowners here when compared with market conditions in other parts of the...
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