Million Dollar Homes For Sale In Annapolis Maryland

By
Real Estate Agent with Coldwell Banker Residential Real Estate SL3277959

When you think of million dollar homes for sale in Annapolis Maryland, you probably think of waterfront estates along the Severn River, Spa Creek or the South River.  However, luxury properties can be found all around town, not just on the water or on the Chesapeake Bay.  They can be single family homes, townhomes or condominiums.  Million dollar homes can be located on the outskirts of town or right in the heart of the historic district of Annapolis.

Luxury Homes In Kingsport In Annapolis Maryland

Find million dollar homes for sale in Annapolis Maryland 

For many buyers a luxury home means an opulent and rich surrounding, quality of workmanship, fine craftsmanship, and the best of the best in appliances, flooring and other finishing touches.  Million dollar buyers can find waterfront venues with expansive views, docks and piers, and private lots.  Luxury home buyers can also find historic homes steeped in history, as well as, luxury high rises with turnkey living for weekend or seasonal use.  Luxury homes, often priced above $1,000,000, usually means custom floor plans, high end appliances, marble and granite, and exotic woods.  By definition luxury homes should be unique with features and benefits, and exclusive locations.  And, luxury home buyers demand additional amenities like a media rooms, spaces dedicated to entertainment, guest quarters (sometimes in fully separate buildings), and security systems to protect themselves, their family and their valuables at all times.

Luxury Homes In Stonewater In Annapolis Maryland

The main thing that makes a luxury home stand out from all the rest are the feelings that are inspired when you walk in the front door.  And in the case of a waterfront luxury home, it's as welcoming when you arrive by boat as when you arrive by car.  Luxury can mean many different things to many people, but generally these homes are priced above $1,000,000 without a ceiling.

Year-to-date (January 1, 2012 to June 30, 2012) in Annapolis Maryland there have been 66 sales of homes with selling prices above one million dollars.  The average sold price for the first half of 2012 was $1,482,874 for an 84.45% off their average original asking price of $1,793,022.  These homes were on the market for an average of 219 days.  There are currently 252 luxury homes on the market in Annapolis with an average asking price of $1,892,917 and have been on the market for an average of 250 days.  With about 11 high-end homes selling each month, there is about a 23 month inventory of million dollar-plus homes for sale.  Generally, when inventory levels are below six months, that is considered a seller's market.  When inventory levels are above six months, that is considered a buyer's market.  Current conditions would suggest that the luxury real estate market in Annapolis Maryland strongly favors buyers and will so for some time to come.

Million Dollar Homes For Sale In Annapolis Maryland

There are many fine luxury homes currently on the market from which buyers can choose.  So if you would like to live, work and play where it's all about fun, consider one of the many million dollar luxury homes for sale in Annapolis Maryland.

Posted by

Stephen Howell, Sales Associate, Coldwell Banker Residential Real Estate, Sarasota, FloridaIf you are interested in buying a home in Sarasota, Florida or the surrounding area and want to tour any property currently on the market, or if you have a home to sell in Sarasota, Florida and want a professional consultation on current market conditions, please contact Stephen Howell at 941-870-4141 or e-mail him at showell@livethesarasotalifestyle.com or visit his website at LiveTheSarasotaLifestyle.com.

Stephen Howell came to Sarasota to enjoy the Gulf Coast in 2013. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Sarasota. You'll find that with the right professional by your side, you can Live the lifestyle and live, work and play in Sarasota Florida.

Stephen Howell and Jackson (his hound-mix from the HSSC) live on the Gulf Coast in Sarasota, Florida. He works in the Sarasota real estate market. His website lets people search the Sarasota Florida area MLS. Buyers can also search for waterfront homes along the Gulf Coast and Intracoastal Waterway. His website has current real estate data on Sarasota, Florida.

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Topic:
Real Estate Market Trends
Location:
Maryland Anne Arundel County Annapolis
Tags:
maryland
annapolis
luxury homes for sale

Comments 21 New Comment

Rainer
67,451
James Locklear
Social Media Training , Virtual Services, Search Engine Optimization Lattitude - SEOL
Online Marketing Advertising Consultant

Stephen, well done.  Your structure, content, stream and focus are exceptional.  I’m confident it’s well received by the real estate clients in your area.
Regards and respect,
James

July 03, 2012 08:35 AM
Ambassador
1,070,665
Bryan Robertson
Innovator, Writer, Speaker
Catarra Real Estate, Inc

My primary market is high-end homes - they're a fun market to work.  I had no idea the Annapolis market was so pricey. 

July 03, 2012 08:58 AM
Ambassador
1,200,789
Erica Ramus
MRE, Schuylkill County PA Real Estate
Erica Ramus - Ramus Realty Group - Pottsville, PA

Wow! In our area average sale is under $100,000 so this is really eye opening/

 

July 03, 2012 06:04 PM
Rainmaker
1,143,413
Cheryl Ritchie
Southern Maryland 301-980-7566
RE/MAX Leading Edge www.GoldenResults.com
I head that direction a lot in my free time! A lot of my clients start looking in Southern MD then reroute to Annapolis,
July 03, 2012 08:58 PM
Rainmaker
312,685
Sandy Acevedo
RE/MAX Masters, Inland Empire Homes for Sale
951-290-8588

Hi Stephen, these homes are very attractive for sure. The interiors most likely match and are opulent as well. Nice market for you!

July 04, 2012 07:37 AM
Rainmaker
327,569

Stephen Howell

Sarasota FL Homes For Sale 941-870-4141
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Additional Information

The Sarasota Florida Market Insights Report

 

The Siesta Key Condo Report

 

The Palmer Ranch Home Sales Report

 

Real Estate Market Assessment, Conditions, and Outlook for Sarasota Florida and the surrounding areas of Siesta Key, Lido Key, Longboat Key, Casey Key, and others.