Annapolis, the state capital of Maryland, is known as American's Sailing Center. It is the home of the United States Naval Academy, and has a booming sea-food packaging industry. Annapolis is a wonderful place to live, work and raise a family.
Looking at homes for sale in Annapolis? Learn a few things to make your search easier and to guarantee you find the right home for you.
 |
||
| Population 35,838 | Median Age 35.7 yrs | Household Size: 2.30 |
| Avg Commute: 25.8 min | Avg Income $49,243 | Avg Home Value: $165,600 |
| July High: 87.7°F | January Low: 23.8°F | |
Annapolis Homes for Sale
If you’ve started looking at homes for sale in Annapolis, Md., there are a few things you should know as you begin your search. There are many places you can get information to make your search easier, and many people can help you. There’s no reason to go it alone.
A first step that most people take is to find a real estate broker. Typically, brokers charge a small 5 percent commission and can help make the process of buying or selling a home much easier. Most of the time they even end up saving you money. Realtors aren’t just there to show you houses; they can help you look through listings, determine your budget and refer you to other professionals that can help you when buying a home.
Usually, it’s a good idea to find a local broker who knows as much as possible about the city or specific neighborhood you’re looking at. The more you know about the area, the easier it is to tell if your realtor is an expert, so don’t be afraid to do a little research on your own. Sometimes it’s as easy as jotting down names off of for sale signs when you look through neighborhoods, but broker listings are available for your research online whenever you need them.
Real estate listings are also available online. You should know a little bit about the area of Annapolis, so you aren’t looking at every house on the market. Of course, it’s important to know what the local market is like right now, too.
The City of Annapolis
Annapolis is home to about 90,000 residents. Although it’s the state capital, it still remains a fairly small town. Home to the United States Naval Academy, the area is very respectable and an ideal place to raise a family. A strong sense of historical presence is felt throughout the town, as many buildings have been preserved for decades in the center of the city. With a low crime rate and slightly more mild winters than the rest of the region, it’s easy to see why so many people are eager to purchase homes in the area.
The Annapolis Market
The local real estate market is very competitive and considered a strong seller’s market, which means it’s even more important that you contact a local real estate agent to get the best deal possible. Houses sell very quickly if priced appropriately because there are many more buyers than sellers. The average house sold in the area is only on the market for 44 days, and the average sale price is just over $400,000.
The market is very strong, and any house in the area will still be a good investment, despite the increasing prices. Homes for sale in Annapolis are in high demand, so make sure your realtor is someone you trust and get along with. This will make the transition into your new home as smooth and affordable as possible.
By Justin Marshall
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®