Severna Park Maryland Waterfront Homes For Sale - July 2011
Nestled between two of Maryland's premier rivers - the Severn River on the South West and the Magothy River on the North East - starting at the base of the Broadneck Peninsula you will find Severna Park Maryland. Nicknamed "The Park" by local residents, many of whom have a fondness for the crabbing, fishing, and boating. Along the Severn River, stately watefront estates and classic cottages alike face primarily South and have the sun to the front for most of the day. Many have splendid views across the river to Crownsville. On the Southern shore of Magothy River, Severna Park waterfront homes are North oriented and afforded shaded decks and porches over looking one of Maryland's most beautiful rivers.
There are 32 Severna Park waterfront homes for sale today. The average asking price is $1,768,163 and they have been on the market an average of 183 days. The minimum asking price for active listings is $358,500, with a maximum asking price of $8,500,000, and the median asking price is $1,215,000. For the list of Severna Park Maryland waterfront homes for sale click here.
There are 5 waterfront properties under contract in Severna Park today. The average asking price is $1,109,700 and have been on the market an average of 85 days. The minimum asking price for listings under contract is $840,000, with a maximum asking price of $1,475,500, and the median asking price is $999,000. For the list of waterfront homes under contract in Severna Park click here.
In the last 90 days there were 6 waterfront homes sold in Severna Park Maryland. The average asking price was $1,309,167 and were on the market an average of 109 days. The minimum asking price for sold listings was $590,000, with a maximum asking of $2,350,000, and the median asking price was $1,070,000.
The average sold price for Severna Park waterfront homes was $1,205,000 for a 82.16% sold-to-list ratio from their original listing price or a 92.74% sold-to-list ratio from the list price at the time of the sale. The minimum sold price was $550,000, with a maximum sold price of $2,100,000, and the median sold price was $1,015,000. For the list of waterfront homes sold in the last 90 days in Severna Park Maryland click here.
With only 2 waterfront homes selling each month in Severna Park Maryland, there is a 16 month inventory of homes for sale on the water. This really is a remarkable time for qualified buyers to consider buying waterfront property because:
- Severna Park Waterfront homes are very affordable right now
- Interest rates are low even on jumbo mortgages
- Excellent financing options are available for qualifying buyers
- Timing is everything when it comes to finding just the right Severna Park waterfront venue
- Waterfront home ownership is still the everyone's dream
NOTE: All data as of July 20, 2011.
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