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.
Annapolis offers living conditions many people dream of. Real estate in Annapolis is in high demand, causing rising prices.
 |
||
| 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 Real Estate
Living in Annapolis can be a reality if you enlist the help of a real estate professional. Beautiful waterfront homes, delicious food, relaxing boardwalks and much more, make this beautiful town charming and unique. Real estate in Annapolis is diverse and in high demand. If you are looking to buy or sell property in Annapolis , your best option would probably be contacting a real estate professional who is knowledgeable in the particulars of this premier American city.
Why is demand for homes in Annapolis so high?
The city is located at the mouth of the Severn River on the Chesapeake Bay and provides great accessibility to Washington , D.C. , and Baltimore. There are over 33,000 residents of Annapolis , but the city welcomes many more vacationers and tourists each year. Annapolis is one of the oldest cities in the country and one of the old capitals of the United States . You can take a stroll down the same old brick sidewalks Presidents Washington and Jefferson walked on.
Annapolis still houses the U.S. Naval Academy and is known as America ’s sailing capital and the “Athens of America” because it is a cultural hub for art enthusiasts. Residents and visitors to Annapolis can enjoy the great food the city has to offer. Famous for its steamed blue crabs and crab cakes, Annapolis dining never disappoints. The city’s high quality of life, great living atmosphere and enviable location contribute greatly to the continuous increase in demand for real estate.
Annapolis real estate:
Real estate in Annapolis is unique as it has more 18 th century Colonial-era structures than any other U.S. city. Demand for real estate in Annapolis is usually high, and recently the demand has skyrocketed, causing great price increases. There are a variety of housing types available for purchase or rent: single-family homes, condos, town homes, new homes, old homes and waterfront properties. Depending on the property’s size, location and proximity to the water, prices range from the mid-$100,000s to the millions. There are also numerous housing facilities for retirees and seniors who have relocated to Annapolis to enjoy the beautiful water, scenery and atmosphere of the city.
There are many more people looking to buy property in Annapolis than there are people willing to sell. The high demand and limited supply has caused sellers to receive multiple offers. Homes for sale in Annapolis spend an average of less than 30 days on the market and sell for nearly 100 percent of the asking price.
If you are looking to buy or sell property in Annapolis , there are dozens of real estate firms and hundreds of agents who service Annapolis and Anne Arundel County . If you find Annapolis prices a bit too steep, an experienced and knowledgeable agent can give you information about neighborhoods away from the center of the city that may perfectly suit your needs and financial situation. There are also many real estate lawyers and financial advisors who can give you detailed information about the financial and legal implications of buying or selling property in Annapolis . The Internet is a great place to begin your search for information about real estate in the city. There you can find general facts about the area along with prices for Annapolis homes.
By: Arielle Garellek
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®