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Introduction Maryland’s coastline offers some of the most beautiful and inviting beaches along the Chesapeake Bay and the Atlantic Ocean. In this guide, we are focusing on just the beaches along the Chesapeake Bay. Some of these are well known and others are hidden gems. Whether you’re looking for a tranquil spot to relax, fun activities for the family, or vibrant beachside communities, Maryland's beaches cater to every type of beachgoer. This guide highlights the best beaches in the region, showcasing their unique features, amenities, and attractions. Our Region's Top Beaches Sandy Point State Park Location : Annapolis, MD Overview : This expansive state park features a beautiful sandy beach along the Chesapeake Bay, perfect for swimming, picnicking, and sunbathing. Amenities : Facilities include restrooms, picnic areas, and a boat ramp. Lifeguards are on duty during the summer season. Engagement : The park hosts various events throughout the year, including festivals and nature programs. Website : Sandy Point State Park Mayo Beach Park Location : Edgewater, MD Overview : A small beach area perfect for families, Mayo Beach Park offers beautiful views of the South River. Amenities : Includes picnic tables, restrooms, and a playground for children. Engagement : Ideal for a relaxing day by the water, the park also hosts community events. Website : Mayo Beach Park Beverly Triton Beach Park Location : Edgewater, MD Overview : This scenic park features a beautiful beach along the Chesapeake Bay, offering a natural environment for relaxation and recreation. Amenities : Facilities include picnic areas, walking trails, and a small beach area. Engagement : The park is known for its serene atmosphere and is a great spot for birdwatching and nature walks. Website : Beverly Triton Beach Park Downs Park Beach Location : Pasadena, MD Overview : Located within Downs Park, this beach area provides a tranquil environment for beachgoers. Amenities : Includes picnic areas, restrooms, and beautiful walking trails. Engagement : The park regularly hosts events and nature programs, encouraging outdoor exploration. Website : Downs Park Herrington Harbour South Location : North Beach, MD Overview : A family-friendly marina with a private beach area, perfect for relaxing by the water. Amenities : Offers dining options, swimming facilities, and access to boat rentals. Engagement : Hosts community events and activities, fostering a vibrant atmosphere. Website : Herrington Harbour South breezy point beach Location : Chesapeake Beach, MD Overview : Seated at the heart of the Chesapeake Bay, Breezy Point Beach & Campground is one of Calvert County’s favorite attractions. The sandy shores and gentle surf offer visitors near and far the ultimate Maryland experience. Amenities : Features fishing pier, a playground, and picnic areas. Engagement : Hosts various family-friendly events and activities throughout the summer. Website : Breezy Point Beach & Campground North Beach Location : North Beach, MD Overview : A popular beach destination with a lively boardwalk and plenty of amenities. Amenities : Offers restaurants, shops, and recreational activities. Engagement : Regular events, including concerts and festivals, create a vibrant community atmosphere. Website : North Beach Matapeake Beach Location : Stevensville, MD Overview : A scenic beach on Kent Island, known for its family-friendly atmosphere and beautiful views of the Chesapeake Bay. Amenities : Features picnic areas, restrooms, and a small swimming area. Engagement : Ideal for picnicking and enjoying the natural surroundings. Website : Matapeake Beach Betterton Beach Location : Betterton, MD Overview : A charming, small beach with soft sand and shallow waters, perfect for families. Amenities : Offers restrooms, picnic tables, and lifeguards during the summer season. Engagement : Known for its stunning sunsets and family-friendly events. Website : Betterton Beach Ferry Point Park Location : Chester, MD Overview : This park features a sandy beach area with beautiful views of the Tred Avon River. Amenities : Includes picnic areas, playgrounds, and fishing spots. Engagement : A great spot for outdoor activities and family gatherings. Website : Ferry Point Park Calvert Cliffs State Park Location : Lusby, MD Overview : Known for its striking cliffs and fossil hunting, this park offers a beautiful beach area ideal for swimming and picnicking. Amenities : Features picnic areas, restrooms, and trails leading to the beach. Engagement : The park regularly hosts educational programs and guided walks. Website : www.dnr.state.md.us Conclusion Maryland’s beaches offer something for everyone, whether you’re seeking a vibrant social scene, a family-friendly atmosphere, or a peaceful retreat into nature. These beaches are perfect for relaxing, engaging in water activities, and making lasting memories with family and friends. We encourage you to explore the beaches highlighted in this guide, visit their websites for more details, and plan your next coastal getaway. Dive into the beautiful shores of Maryland and enjoy all that these stunning beaches have to offer!

This comprehensive report covers the luxury real estate market trends for Maryland's Eastern Shore, with a focus on the key counties of Talbot, Queen Anne's, and Kent. Known for its scenic landscapes, charming waterfront towns, and proximity to the Chesapeake Bay, the Eastern Shore continues to attract high-net-worth buyers seeking privacy, waterfront access, and an escape from the bustle of nearby metropolitan areas. Although the luxury market here remains smaller in scale compared to other regions, it offers a distinctive lifestyle that blends rural tranquility with upscale living. In Q3 2024, the luxury market on the Eastern Shore experienced consistent activity, with a noticeable demand for waterfront estates and properties boasting premium finishes. Buyers continue to be drawn to the region's natural beauty, historic charm, and easy access to sailing, fishing, and other outdoor recreational opportunities. This report highlights key metrics and trends for the third quarter, offering insights that can help guide your real estate decisions—whether you are seeking a primary residence, a vacation home, or a long-term investment. Table of Contents Introduction and Market Overview Eastern Shore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in the Eastern Shore of Maryland, focusing on luxury properties sold over $1 million  in Talbot, Kent, and Queen Anne's counties . Key Insights Covered: Market Performance:  Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights:  Deep dives into top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis:  Breakdown of notable luxury sales, including the top transactions, and what factors are driving premium prices. Buyer Insights:  A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data:  Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast:  Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. EASTERN SHORE Market Analysis The luxury real estate market on the Eastern Shore saw remarkable growth in Q2 2024, with the total number of transactions  rising by 62% year over year and the total sales value  increasing by over 65%. The average sales price  of luxury properties also experienced a modest increase, up 2.11% compared to Q2 2023. Additionally, homes in the luxury segment sold slightly faster, with the average days on market (DOM)  dropping by 4.49%. Key Metrics Metric Q3 2024 Q3 2023 % Change Year Over Year Total Transactions 43 49 -12.24% Waterfront Transactions 36 41 -12.20% Total Sales Value $88,175,000 $85,005,255 +3.73% Average Sales Price $2,050,581 $1,734,801 +18.20% Price Per Square Foot $608.76 $612.34 -0.58% Days on Market (Average) 58 45 +28.89% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Easton  continues to be one of the most sought-after locations on the Eastern Shore. Known for its blend of historic charm and modern amenities, Easton offers a high quality of life that attracts both full-time residents and second-home buyers. The town is famous for its vibrant arts scene, boutique shopping, and excellent dining options, making it a cultural hub for the region. Easton also provides easy access to the Chesapeake Bay, allowing residents to enjoy boating, fishing, and waterfront living. Q2 2024 Key Metrics: Total Sales Value : $23,766,000 Average Sales Price : $1,828,154 Number of Transactions : 13 Average Days on Market : 35 Many buyers are drawn to Easton’s peaceful suburban atmosphere, which combines the best of small-town living with convenient access to larger cities like Washington, D.C., and Baltimore. Lifestyle Feature:  Living in Easton offers a unique mix of quiet, laid-back charm and access to some of the best cultural and recreational activities on the Eastern Shore. Residents enjoy the best of both worlds: a relaxed pace of life with nearby theaters, galleries, and historical landmarks, as well as opportunities for outdoor adventure with easy access to the Chesapeake Bay. Easton’s walkable downtown makes it easy to explore local cafes, artisanal shops, and farmers markets, giving residents a sense of community and belonging. Saint Michaels  is one of the most picturesque and desirable waterfront towns on Maryland's Eastern Shore. Steeped in history, this charming town is known for its colonial architecture, world-class marinas, and stunning waterfront views of the Chesapeake Bay. It offers a slower, relaxed pace of life, making it an attractive destination for retirees, second-home buyers, and those seeking a peaceful escape from city life. Q2 2024 Key Metrics: Total Sales Value: $13,695,000 Average Sales Price : $2,282,500 Number of Transactions : 6 Average Days on Market : 68 Lifestyle Feature:  Life in Saint Michaels  revolves around the water. Residents can enjoy sailing, fishing, and kayaking on the Bay, while land lovers appreciate the town's quaint streets, gourmet restaurants, and boutique shopping. The town is also a haven for history buffs and art lovers, with galleries, museums, and historical landmarks. Whether you’re exploring the local farmer's market or enjoying a sunset cruise, Saint Michaels offers a lifestyle that perfectly blends luxury, relaxation, and coastal charm. Stevensville  is one of the most desirable communities on Maryland’s Eastern Shore, especially for luxury buyers seeking waterfront properties and a serene lifestyle. Located on Kent Island, Stevensville offers close proximity to the Chesapeake Bay and the Bay Bridge, making it an attractive location for both primary residences and vacation homes. Known for its historic charm, beautiful marinas, and picturesque landscapes, Stevensville provides the perfect balance of tranquility and convenience for professionals, retirees, and families alike. The town's vibrant local community and access to outdoor recreational activities, such as boating, fishing, and hiking, add to its appeal. Q2 2024 Key Metrics: Total Sales Value : $7,102,000 Average Sales Price : $1,775,500 Number of Transactions : 4 Average Days on Market : 33 Lifestyle Feature: Life in Stevensville is characterized by waterfront living and a strong sense of community. Residents can enjoy leisurely days on the water, exploring nearby parks like Terrapin Nature Park, or dining at waterfront restaurants. The area’s historic charm blends well with modern luxury, offering upscale properties with stunning water views and access to private piers. With its ideal location, Stevensville is perfect for those seeking a peaceful, upscale lifestyle within commuting distance to Annapolis, Baltimore, and Washington, D.C. Luxury Sales The luxury real estate market on Maryland's Eastern Shore continues to showcase its appeal to affluent buyers seeking expansive properties, waterfront access, and serene settings. In Q3 2024, we saw notable transactions across several communities, with buyers gravitating toward high-end homes offering modern amenities, large acreages, and proximity to water bodies like the Chesapeake Bay. Despite some fluctuations in pricing, the demand for luxury homes remains steady, driven by a combination of privacy, space, and lifestyle. Communities such as Easton, Saint Michaels, and Stevensville stood out with several top-tier transactions, particularly for homes with waterfront views, private docks, and premium finishes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury real estate market on the Eastern Shore remains an attractive investment for those seeking exclusivity, tranquility, and the unique lifestyle offered by waterfront living. As the year progresses, we expect continued interest in these premier properties, especially from high-net-worth individuals looking for primary residences, vacation homes, or investment properties. Buyer Insights The luxury real estate market on the Eastern Shore in Q3 2024 has continued to attract a diverse range of buyers, many of whom are high-net-worth individuals from urban areas such as Washington, D.C., and Baltimore. These buyers are looking for waterfront properties, expansive estates, and second homes that offer both privacy and the ability to entertain guests. As remote work remains popular, more professionals and entrepreneurs are opting for properties on the Eastern Shore that offer a peaceful environment without sacrificing access to major cities. Key Insights Buyer Demographics: Many luxury buyers in Q3 2024 were families and retirees seeking to transition from urban environments to a more laid-back lifestyle, drawn to the region’s natural beauty and access to the Chesapeake Bay. A significant percentage of buyers were also from neighboring states like Virginia and Pennsylvania, further increasing demand. Property Preferences: Waterfront properties : Homes with private docks, easy access to boating, and panoramic water views continued to dominate buyer interest. Areas like Saint Michaels, Easton, and Stevensville saw the highest demand for these properties. Modern finishes : Turnkey properties with updated, luxury finishes were preferred, especially those with energy-efficient designs, open layouts, and spacious outdoor areas for entertaining. Acreage : Large lots and estate-sized properties, particularly those with a combination of waterfront access and privacy, were highly sought after in areas like Sudlersville and Queenstown. Proximity to amenities : Buyers also valued proximity to local amenities, including restaurants, marinas, and shops. Communities that offer both seclusion and convenient access to essentials were preferred by those looking for primary residences. Financing Trends: Cash purchases : Cash buyers dominated the top end of the market, especially in sales above $2M, reinforcing the strength of high-net-worth individuals in the region. These buyers were typically looking for second homes or investment properties. Financed purchases : Buyers in the $1M-$2M range took advantage of attractive mortgage rates, particularly in areas like Stevensville and Grasonville, where demand for mid-luxury homes remained steady. Sustainability and eco-friendly living: There was an increasing trend toward eco-conscious purchases, with buyers showing interest in homes with energy-efficient systems, solar power, and sustainable building materials. This demand has led to more new construction properties incorporating these features. Overall, the buyer profile on the Eastern Shore is a mix of families seeking a peaceful, waterfront lifestyle and investors looking for properties that offer long-term value and rental potential. Quarterly Forecast (Q4 2024) Q4 2024 Forecast As we move into the final quarter of 2024, the Eastern Shore luxury real estate market is expected to maintain its steady demand, particularly for waterfront properties and estates with acreage. Several factors will likely shape the market in Q4: Continued Demand for Waterfront Properties : The attraction of waterfront homes will remain strong, particularly as buyers seek out properties that provide both scenic views and recreational activities like boating and fishing. Areas like Easton, Saint Michaels, and Stevensville are expected to see the bulk of this interest. As inventory for premium waterfront homes remains limited, prices are likely to hold firm or increase slightly in these areas. High-Interest Rates and Cash Buyers : While mortgage interest rates are expected to remain elevated, this will have little effect on the high-end segment of the market, which is dominated by cash buyers. However, mid-level luxury buyers in the $1M-$2M range may face challenges securing favorable financing, which could lead to more negotiations on price. Seasonal Slowdown : Historically, Q4 tends to see a seasonal slowdown as colder weather sets in, particularly on the Eastern Shore. However, luxury buyers who are seriously considering making a purchase may take advantage of any price softening that comes with the reduced competition in the colder months. This could make Q4 an opportune time for motivated buyers. Shift in Buyer Preferences : We expect a continued interest in sustainability and energy-efficient homes, with more buyers seeking out properties that offer eco-friendly features. Sellers who highlight these aspects in their listings will likely appeal to the growing market of environmentally conscious buyers. Vacation Homes and Rental Investments : As the Eastern Shore remains a popular destination for vacation homes and rentals, the trend of buyers looking for properties to use as investment homes or second residences will likely continue. Buyers are particularly drawn to homes that can offer rental income or be used for seasonal retreats. In summary, while Q4 traditionally experiences a slight dip in activity, the Eastern Shore’s luxury market is likely to stay resilient, driven by strong demand for waterfront estates and the continued appeal of the area as a desirable place to live, work, and invest. High-net-worth buyers will continue to shape the market, with cash offers playing a significant role in closing deals. Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates, historic homes, or modern retreats. We offer private consultations  to help you find your dream property in the Eastern Shore region. Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Easton, Saint Michaels, Stevensville, and beyond. Investment Opportunities For buyers seeking real estate as an investment, we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation. From waterfront estates with private docks to income-producing vacation rentals, we’ll help you capitalize on opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion. Waterfront Property Consultations We specialize in luxury waterfront properties across the Eastern Shore. Our team is highly experienced in the complexities of waterfront real estate, from understanding riparian rights to navigating regulations for private docks. Whether you're looking for a weekend retreat or a full-time residence with water access, we provide expert guidance tailored to your needs. The luxury real estate market on the Eastern Shore continued to demonstrate stability and resilience throughout Q3 2024, driven by strong demand for waterfront properties and spacious estates. Despite fluctuations in the broader market, the Eastern Shore remains a desirable location for high-net-worth individuals seeking privacy, scenic beauty, and proximity to the Chesapeake Bay. The trends observed in Q3 suggest that while the number of transactions may have slightly declined, buyer interest, particularly for homes with modern amenities and waterfront access, remains robust. As we move into Q4, the market is poised for continued strength, particularly in the waterfront segment. While seasonal factors may bring a natural slowdown, cash buyers and those looking for second homes or vacation investments will continue to keep activity levels high. Sellers who position their properties well by highlighting eco-friendly features, updated finishes, and water access are likely to see strong interest, even in a potentially slower market. Ultimately, the Eastern Shore luxury market continues to offer a blend of lifestyle and investment opportunities, and it remains an attractive destination for those seeking both high-quality living and long-term value.

For Q3 2024, Southern Maryland’s luxury real estate market continues to showcase its appeal with a blend of tranquil waterfront living and a strong sense of privacy, attracting high-end buyers to Calvert, Charles, and Saint Mary's counties. The region remains an attractive destination for those seeking a quieter, more serene lifestyle while still maintaining close proximity to the Chesapeake Bay and major metropolitan areas. Q3 has seen steady activity, with stable pricing and quicker-than-expected days on market, especially for properties offering unique amenities and waterfront access. This report highlights the key market trends that define Southern Maryland's luxury real estate landscape, offering valuable insights for those considering a primary residence, vacation retreat, or even an investment property in this coveted region. Table of Contents Introduction and Market Overview Southern Maryland Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a concise analysis of the real estate trends in Southern Maryland , focusing on luxury properties sold over $1 million in Calvert , Charles , and Saint Mary's  counties. Key Insights Covered: Market Performance: Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights : Highlights of key neighborhoods and areas, focusing on local trends, buyer demand, and notable developments. Luxury Market Analysis : A breakdown of notable luxury sales, including top transactions, and what factors are driving premium prices in the Southern Maryland market. Buyer Insights : A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data : Graphs and charts to make key data points accessible, showcasing trends in inventory, price growth, and notable sales over time. Quarterly Forecast : Expert predictions for the next quarter, with projections based on current data, interest rate trends, and inventory outlook. Whether you're looking for a primary residence  or a waterfront retreat , this report provides the insights you need to make informed decisions in Southern Maryland's luxury real estate market. southern maryland Market Analysis In Q3 2024, the Southern Maryland luxury real estate market experienced a mix of stability and shifting dynamics. Total transactions increased slightly by 7.14% compared to Q3 2023, indicating steady interest in the region’s high-end properties. However, waterfront transactions, a defining feature of Southern Maryland's luxury market, saw a notable decline of 33.33%, likely driven by buyers seeking more varied property types or limited waterfront inventory. Despite this shift, the market continued to attract attention, with 15 total transactions reflecting an ongoing demand for the area’s serene and private living environments. Key Metrics The market’s overall health showed resilience, though some key metrics softened. The total sales value dipped by 6.46% year-over-year, while the average sales price dropped by 12.7%, indicating a slight cooling in property prices across the region. This could reflect a broader trend of buyers opting for more moderately priced luxury homes or negotiating stronger deals. Despite this, the price per square foot saw a modest increase of 1.77%, suggesting that buyers remain willing to pay for quality, even if total sale values fluctuate. Notably, the average days on market rose by 22.58%, extending to 38 days, which could point to a more balanced market where buyers take more time to make purchasing decisions. Metric Q3 2024 Q3 2023 % Change Year Over Year Total Transactions 15 14 +7.14% Waterfront Transactions 6 9 -33.33% Total Sales Value $17,643,429 $18,862,000 -6.46% Average Sales Price $1,176,229 $1,347,286 -12.70% Price Per Square Foot $379.33 $372.72 +1.77% Days on Market (Average) 38 31 +22.58% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Hughesville is a charming, rural community located in Charles County, known for its spacious estates and peaceful countryside. It’s a top choice for luxury buyers who seek privacy, space, and the allure of quiet living. Hughesville is growing in popularity due to its proximity to local wineries, equestrian facilities, and easy access to both Washington, D.C., and Southern Maryland’s coastal regions. It appeals particularly to those looking for larger land parcels and custom-built homes in a tranquil environment. Q3 2024 Key Metrics: Total Sales Value: $3,163,475 Average Sales Price: $1,054,492 Number of Transactions: 3 Average Days on Market: 28 Lifestyle Feature: Hughesville offers residents a blend of serene rural living with modern amenities. The community's large properties and agricultural charm make it perfect for homeowners seeking a private retreat, with equestrian trails and outdoor activities right at their doorstep. Its close-knit community feel and easy access to major highways provide a balanced lifestyle, making it a hidden gem for luxury homebuyers. Lusby , located in Calvert County, is a highly sought-after area for waterfront buyers, particularly those looking for homes along the Chesapeake Bay and Patuxent River. Known for its stunning views, water access, and a mix of both waterfront estates and modern subdivisions, Lusby offers a unique lifestyle for luxury buyers. Families and professionals alike are drawn to the area for its natural beauty, top-rated schools, and proximity to popular local attractions like Calvert Cliffs State Park and Solomons Island. Q3 2024 Key Metrics: Total Sales Value: $2,857,000 Average Sales Price: $1,428,500 Number of Transactions: 2 Average Days on Market: 70 Lifestyle Feature: Life in Lusby is perfect for those who value a mix of adventure and relaxation. The community boasts access to some of the best fishing, boating, and hiking in the region, all while maintaining a family-friendly atmosphere with top-tier schools and community events. With luxury homes offering incredible water views and convenient access to the D.C. metro area, Lusby is a prime destination for those looking for a peaceful yet connected lifestyle. Luxury Sales The luxury real estate market in Southern Maryland continues to show consistent interest, with buyers prioritizing spacious estates, modern amenities, and access to waterfronts. Although the overall number of luxury transactions remains modest in comparison to other regions, the demand for privacy, high-end finishes, and the region's serene setting near the Chesapeake Bay persists. In Q3 2024, several notable sales demonstrated this demand, with properties offering large lots, water views, and premium designs commanding top prices. This quarter, luxury properties in areas like Lusby, Hughesville, and Charlotte Hall consistently fetched over $1 million, with many featuring contemporary upgrades and eco-friendly elements. Buyers, particularly those coming from urban areas like Washington, D.C., continue to seek these homes for both primary residences and vacation retreats, driving steady demand for high-end real estate in Southern Maryland. Top 10 Luxury Sales this quarter These transactions demonstrate the ongoing demand for luxury homes in Southern Maryland, with buyers continuing to invest in properties that offer a blend of privacy, space, and high-end amenities. Buyer Insights The buyer landscape in Southern Maryland's luxury real estate market continues to attract a mix of high-net-worth individuals, families, and professionals seeking both primary residences and second homes. The region remains appealing due to its serene settings, large estates, and waterfront access, all while being relatively close to the Washington, D.C., metro area. The buyer profile for Q3 2024 highlights a strong interest in properties offering privacy, modern amenities, and access to nature, with an uptick in demand for newer constructions and energy-efficient features. Key Insights Buyer Demographics: A significant portion of luxury buyers in Southern Maryland are relocating from the D.C. metro area and northern Virginia. These buyers are typically families, professionals, and retirees seeking a slower pace of life without sacrificing access to modern conveniences. Many of these buyers are purchasing homes as primary residences, while others are acquiring them as vacation homes or future retirement properties. Property Preferences: Spacious Estates and Privacy: Buyers continue to seek expansive homes with large lots, especially in areas like Lusby, Hughesville, and Charlotte Hall. The demand for privacy and space remains a driving factor, with many buyers looking for homes that offer tranquility and room for outdoor activities. Waterfront Living: Waterfront properties in areas like Solomons and Piney Point remain highly desirable, particularly for buyers looking for vacation retreats. Homes with direct water access and scenic views command higher price points, and the desire for these luxury waterfront homes shows no signs of slowing down. Modern Amenities and Turnkey Homes: Turnkey properties with updated finishes, smart home technology, and eco-friendly features continue to be in demand. Buyers are increasingly drawn to homes that offer a seamless blend of luxury and sustainability, with features such as solar panels, energy-efficient appliances, and modern designs becoming more attractive to this market. Cash and Financed Purchases: The upper echelon of buyers, particularly in the $1 million+ range, continues to be dominated by cash purchases. However, there is still a notable segment of buyers taking advantage of favorable mortgage rates, especially in the $900,000 to $1.5 million price range. These buyers are typically families upgrading their primary residences or purchasing second homes. Quarterly Forecast (Q4 2024) As we look ahead to Q4 2024, the luxury real estate market in Southern Maryland is poised for continued stability, with strong demand driven by buyers seeking privacy, large estates, and waterfront properties. The fall season is historically a slower period for transactions, but this year’s Q4 is expected to see steady activity due to the lingering demand for luxury homes from high-net-worth individuals, particularly those relocating from urban centers like Washington, D.C., and northern Virginia. Key Drivers: Continued Interest in Waterfront and Secluded Properties: Waterfront homes in areas like Solomons and Piney Point will remain popular as buyers prioritize lifestyle purchases, particularly for vacation homes or long-term investments. This segment will likely see competitive bidding, especially for homes with modern amenities and water access. Sustained Demand for Modern, Eco-Friendly Homes: The trend toward sustainability is expected to drive more interest in eco-friendly properties featuring energy-efficient designs, solar installations, and sustainable materials. Buyers looking for turnkey homes will prioritize those that offer both luxury and environmental consciousness. Slower Sales but Higher Price Retention: While the number of transactions may decline slightly in Q4 due to seasonal factors, prices are expected to remain strong. Luxury properties in prime locations, particularly waterfront homes or those with large acreages, will continue to command high prices, preserving the upward trajectory in price per square foot seen in previous quarters. Competitive Financing Options: Favorable mortgage rates are likely to continue attracting mid-to-high-end buyers who are financing their purchases. This may help offset any seasonal slowdown, particularly in suburban markets like Lusby and Hughesville, where family-oriented buyers are seeking upgraded homes. Market Watch: Price Per Square Foot Growth: With slight growth in price per square foot, buyers and investors may look to capitalize on the appreciation potential, especially in more exclusive areas. Continued price appreciation in Southern Maryland’s luxury market makes these properties a solid investment for long-term returns. Inventory Levels: As inventory remains relatively tight, we anticipate that well-maintained, updated homes will continue to move quickly, with fewer days on market, especially in highly desirable locations. Sellers of luxury homes in this region are likely to benefit from ongoing demand, even with the usual Q4 slowdowns. Overall, the Southern Maryland luxury real estate market is expected to maintain its strength going into Q4, with robust demand for properties that offer both luxury living and natural beauty. As more buyers recognize the value in privacy and eco-conscious living, this region will continue to attract those seeking an elevated lifestyle in a tranquil setting. Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates , sprawling countryside properties , or modern retreats . We offer private consultations  to help you find your ideal home in Southern Maryland . Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Leonardtown , Dunkirk , Huntingtown , and beyond. Investment Opportunities For buyers seeking real estate as an investment , we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation . Whether you're interested in waterfront estates  with private docks or income-generating vacation homes , we help you navigate opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion . Waterfront Property Consultations We specialize in luxury waterfront properties  across Southern Maryland . Our team is highly experienced in the complexities of waterfront real estate , from understanding riparian rights  to navigating regulations for private docks . Whether you're looking for a weekend getaway or a full-time residence with water access , we provide expert guidance tailored to your needs. The Q3 2024 Southern Maryland luxury real estate market continues to demonstrate resilience and stability, fueled by strong demand for waterfront properties, large estates, and eco-friendly homes. While the market remains smaller in scale compared to other regions, it offers a unique appeal to buyers seeking privacy, modern amenities, and proximity to the Chesapeake Bay. This quarter's data reflects a steady interest in high-end properties, with prices holding firm despite fluctuations in transaction volume. Looking ahead to Q4, the luxury market is expected to retain its appeal, with competitive bidding for desirable properties likely to continue. Buyers from urban areas such as Washington, D.C., will drive much of the demand, particularly for second homes and investment properties that offer long-term value. With an eye on sustainability and turnkey convenience, luxury buyers are shaping the future of this market, ensuring that Southern Maryland remains an attractive destination for those seeking a peaceful, upscale lifestyle. As you plan your next move in Southern Maryland’s luxury market, these insights will help guide your real estate decisions, whether you're buying, selling, or investing.

Welcome to our Q3 2024 real estate market report for the Greater Baltimore region, which includes Baltimore City, Baltimore County, and Howard County. Known for its diverse mix of urban vibrancy, historic charm, and upscale suburban communities, Greater Baltimore continues to attract a wide range of luxury buyers. In this report, we explore key trends that shaped the third quarter, highlighting shifts in inventory, pricing, and buyer behavior. Whether you're interested in the buzz of city living or the peace of suburban estates, our analysis offers a comprehensive look at the luxury real estate landscape. As we review the data from Q3, you'll find insights into the luxury market’s performance, community spotlights on key neighborhoods, and a forecast for the months ahead. The report aims to provide both buyers and sellers with the tools they need to navigate the evolving Greater Baltimore market with confidence. Table of Contents Introduction and Market Overview Greater Baltimore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Luxury Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in Greater Baltimore, which we are defining as properties in Baltimore City, Baltimore County and Howard County worth over $1M. Key Insights Covered: Market Performance: Quarter-over-quarter and year-over-year comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights: Deep dives into the top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis: Breakdown of notable luxury sales, including the top sales, and what factors are driving premium prices. Buyer Insights: A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data: Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast: Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. Greater Baltimore Market Analysis The luxury real estate market in Greater Baltimore remains robust as we move through the third quarter of 2024. Compared to the same period in 2023, the market experienced notable gains in both total transactions and total sales value, signaling strong demand for luxury properties across Baltimore City, Baltimore County, and Howard County. This upward trend reflects the ongoing desirability of the region for high-net-worth buyers seeking both urban and suburban luxury living options. The average sales price rose to $1,428,817 in Q3 2024, a modest but significant 3.67% increase from the previous year. Price per square foot saw an even stronger uptick of nearly 15%, reflecting buyers’ willingness to pay a premium for properties with unique amenities and locations. The market’s average days on market also decreased slightly, emphasizing that while competition is high, buyers are making decisions quickly in this fast-paced environment. Key Metrics Metric Q3 2024 Q3 2023 % Change Year Over Year Total Transactions 209 184 +13.59% Total Sales Value $298,622,785 $253,594,826 +17.76% Average Sales Price $1,428,817 $1,378,233 +3.67% Price Per Square Foot $368.66 $320.73 +14.94% Days on Market (Average) 30 31 -3.26% The dataset highlights the luxury real estate market in Howard and Baltimore counties, Maryland, showcasing high-end residential properties. Most homes are priced over $1 million, with large square footage and ample amenities, including 4-6 bedrooms and 3+ bathrooms. Properties show varying days on market (DOM), with some selling immediately while others remain listed for over 100 days. Several homes sold above the list price, indicating a competitive market in certain cases, while others sold below their original asking price. Many homes belong to communities with association fees, reflecting upscale living standards. There is also a trend of new construction, appealing to buyers seeking modern amenities. Community Spotlights Ellicott City is rich in history, charm, and rolling hills. It’s a popular choice for families due to its top-rated Howard County public schools, charming historic district, and proximity to both Baltimore and Washington, D.C. The community offers a mix of historical homes and new developments, with ample parks and trails, making it a haven for nature lovers. Ellicott City also boasts a thriving arts and dining scene, with boutique shops and local eateries, making it a desirable place for people seeking a blend of suburban life with access to urban amenities. Q3 2024 Key Metrics: Total Sales Value : $18,600,000 Average Sales Price : $930,000 Number of Transactions : 20 Average Days on Market : 21 Clarksville is a highly sought-after, affluent community within Howard County, known for its luxurious homes and rural charm. With top-tier public schools, large estate properties, and beautiful landscapes, Clarksville appeals to families looking for a quiet, spacious setting. The community is also home to River Hill, a planned development with a town center offering shopping, dining, and other conveniences. It's situated close to major commuter routes, providing easy access to Baltimore and D.C., while maintaining a peaceful, small-town feel. Q3 2024 Key Metrics: Total Sales Value : $14,100,000 Average Sales Price : $1,175,000 Number of Transactions : 12 Average Days on Market : 24 Owings Mills is a bustling suburb of Baltimore known for its mix of commercial hubs and residential developments. It's home to various shopping centers like Owings Mills Mall and Metro Centre, making it a popular retail destination. The community also houses several corporate headquarters, including T. Rowe Price. Its convenient access to I-795 and the Baltimore Metro Subway makes it a favored area for commuters. The area offers diverse housing options from single-family homes to luxury apartments, attracting young professionals, families, and retirees alike. Q3 2024 Key Metrics: Total Sales Value : $12,450,000 Average Sales Price : $830,000 Number of Transactions : 15 Average Days on Market : 18 Luxury Sales The luxury market in Greater Baltimore saw significant activity in Q3 2024 , with demand for large estates driving the top sales . Conversely, the highest-priced transaction was an estate in the Caves Valley Golf Club, selling for $4M. Several other properties sold quickly in this competitive segment, particularly those with exquisite finishes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment In Q3 2024, luxury real estate in the Greater Baltimore region proved to be a solid investment, with properties continuing to appreciate due to high demand and limited inventory in prime locations. This market offers both value retention and potential for long-term returns, especially in sought-after areas like waterfront properties and upscale communities. Investors can also benefit from rental income, given the region’s strong tourism and business presence. However, higher costs for transactions, maintenance, and taxes remain key considerations. Despite these challenges, Baltimore’s luxury market offers diversification and a hedge against economic volatility, making it an attractive option for high-net-worth investors seeking stable, long-term growth. Buyer Insights The buyer profile in Greater Baltimore continues to reflect a diverse range of high-net-worth individuals, professionals, and families seeking both primary residences and investment properties. The Q3 2024 market remains highly competitive, particularly in suburban regions like Clarksville, Ruxton, and Ellicott City, as well as select urban areas in Baltimore City. A growing demand for privacy, spacious lots, and luxury amenities is shaping the buying trends this quarter. Key Insights Buyer Demographics:  Many buyers continue to relocate from neighboring regions, including Washington, D.C., and northern Virginia. Professionals, affluent families, and retirees are the primary demographics driving the high-end market. The influx of buyers looking for both suburban estates and chic urban properties is pushing demand for luxury homes across Greater Baltimore. Property Preferences: Suburban estates and privacy:  Spacious, private lots in sought-after communities like Clarksville and Ruxton remain a top choice for buyers, especially families and retirees who seek tranquility, modern conveniences, and proximity to key amenities. Urban luxury:  High-end condos and townhomes in Baltimore City, particularly around the Inner Harbor, continue to attract those desiring a cosmopolitan lifestyle with waterfront views and easy access to dining, shopping, and cultural attractions. Modern amenities:  The demand for homes with turnkey finishes and luxury upgrades remains strong. Buyers are increasingly seeking properties with updated, modern features that offer convenience, especially in suburban markets like Ellicott City and Clarksville. Cash purchases:  The top tier of the market continues to be driven by cash buyers, many of whom are purchasing both primary residences and investment properties, solidifying real estate as a long-term asset. Financed purchases:  Buyers in the $1M-$2M range are still taking advantage of favorable mortgage rates, particularly in suburban areas like Howard County and Baltimore County, which provide more value compared to nearby metropolitan regions. Eco-friendly and sustainable living:  The trend toward eco-conscious luxury living is expanding, with more buyers seeking homes equipped with sustainable features like solar panels, energy-efficient systems, and eco-friendly construction materials. This is especially noticeable in new construction properties across the region, reflecting a shift toward combining luxury with sustainability. Quarterly Forecast (Q4 2024) The luxury real estate market in Greater Baltimore is expected to remain competitive in Q4 2024, but certain trends from Q3 suggest a more cautious approach from buyers as economic conditions shift. Here are the key factors to consider for the upcoming quarter: Continued Demand in Suburban Markets : Communities like Clarksville, Ruxton, and Ellicott City will remain highly desirable, particularly for families and retirees seeking larger lots, privacy, and proximity to top amenities. With limited inventory in these areas, competition for turnkey homes is expected to persist. Buyers will likely continue to favor properties that offer a blend of luxury and convenience, but a slight cooling off in rapid price escalations may occur as more cautious buyers wait for market adjustments. Sustained Interest in Urban Properties : High-end condos and townhomes in Baltimore City, particularly in waterfront areas like the Inner Harbor, will continue to attract buyers looking for urban luxury. However, the pace of sales may slow slightly as cash buyers dominate the upper end of the market, and more buyers become selective due to rising interest rates and economic uncertainties. Urban areas may see price stabilization as inventory meets demand, but premium properties with standout features and locations will still command competitive offers. Rising Interest in Investment Properties : With real estate remaining a strong investment, particularly for high-net-worth individuals, Q4 could see more interest in luxury investment properties. Cash buyers will dominate this segment, and properties that offer short-term rental potential or multi-family units could see an uptick in activity as buyers look to diversify their portfolios amid economic volatility. Eco-Friendly Properties on the Rise : Sustainability will continue to be a driving force in buyer preferences. As eco-friendly homes with energy-efficient systems and sustainable materials become more mainstream, buyers will increasingly prioritize these features. In Q4, demand for properties with green certifications, solar panels, and other environmentally friendly attributes will likely increase, especially in new construction segments. Potential Market Softening Due to Economic Conditions : While the Greater Baltimore luxury market has remained strong, Q4 could bring more market caution due to broader economic factors like fluctuating interest rates and inflation concerns. Buyers in the mid-to-high-end range, particularly those relying on financing, may adopt a more measured approach, waiting for more favorable conditions or negotiating harder on price. This could result in longer days on market for properties priced over $2M, particularly those without standout features or in less competitive locations. Moderate Price Growth : While demand remains steady, price growth may moderate slightly as both buyers and sellers adjust to changing economic conditions. However, in highly desirable areas with limited inventory, premium properties will still attract competitive bids, especially for turnkey homes that check all the boxes for privacy, modern amenities, and location. In summary, Q4 2024 is expected to maintain a steady pace of activity in Greater Baltimore’s luxury market, with suburban and urban areas remaining highly desirable. However, market conditions may cool slightly due to economic uncertainty, leading to a more balanced approach from both buyers and sellers. Eco-conscious properties and turnkey homes will remain at the top of buyer wish lists, while cash buyers will continue to dominate the high-end investment sector. Exclusive Offerings for Buyers Private Consultations and Home Tours Interested in finding your perfect Baltimore area estate? Schedule a private consultation  with us for a tailored home tour or to discuss investment opportunities. We offer exclusive access to some of the most desirable properties in the region. The Greater Baltimore luxury real estate market in Q3 2024 has demonstrated resilience and adaptability amidst evolving economic conditions. With sustained demand in suburban markets like Clarksville and Ruxton, coupled with strong interest in urban luxury properties around Baltimore City, the region continues to be an attractive destination for both high-net-worth individuals and investors. Buyers are increasingly prioritizing privacy, modern amenities, and sustainability in their property searches, with cash buyers leading the way in the upper tiers of the market. Looking ahead to Q4 2024, the market is expected to remain competitive, though tempered by broader economic concerns such as rising interest rates and inflation. Suburban and urban properties that offer turnkey solutions and eco-friendly features will continue to attract strong interest. While price growth may moderate slightly, the region’s unique mix of luxury living options ensures that Greater Baltimore will remain a key market for discerning buyers. This quarter's data highlights the ongoing appeal of this region, and though challenges may lie ahead, the luxury real estate sector in Greater Baltimore is well-positioned for continued success in the coming months.

Welcome to our Q3 2024 real estate market report. This comprehensive review highlights key insights and data from the Greater Annapolis region, which encompasses Anne Arundel County. Known for its blend of historic charm and sought-after waterfront properties, this region remains one of the most desirable luxury markets in Maryland. In Q3, we observed further evolution in buyer behavior, inventory trends, and price movements as the market adjusts to changing economic conditions and consumer preferences. Our report covers these shifts in detail, providing community spotlights, luxury market trends, buyer insights, and a quarterly forecast to help you prepare for what's ahead in the Greater Annapolis market. Whether you're considering a primary residence or a second home, this report equips you with the latest data to make informed decisions and seize opportunities in one of the Mid-Atlantic's premier real estate markets. Table of Contents Introduction and Market Overview Greater Annapolis Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in Greater Annapolis, which we are defining as properties in Anne Arundel County worth over $1M. Key Insights Covered: Market Performance: Quarter-over-quarter and year-over-year comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights: Deep dives into the top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis: Breakdown of notable luxury sales, including the top sales, and what factors are driving premium prices. Buyer Insights: A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data: Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast: Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. Greater Annapolis Market Analysis In Q3 2024, the Greater Annapolis market maintained strong momentum, although there were slight shifts in key metrics. The total number of transactions increased slightly by 2.34% , reflecting continued demand for properties in the region. However, waterfront transactions  saw a year-over-year decline of 15.91% , signaling a potential shift in buyer priorities or available inventory. Despite the dip in waterfront sales, the overall total sales value  dropped by 5.01%  year-over-year, settling at $212,999,511 . The average sales price  also declined by 7.18% , reflecting a shift in buyer behavior towards lower-priced or non-waterfront properties. Nevertheless, the price per square foot  saw a modest increase of 1.10% , reaching $519.23 , indicating that buyers are still willing to pay more per square foot for the right properties, especially in competitive segments. Properties continued to sell at a steady pace, with the average days on market  decreasing by 3.13% , down to 31 days  compared to 32 days  in Q3 2023 Key Metrics Metric Q3 2024 Q3 2023 % Change Year Over Year Total Transactions 131 128 +2.34% Waterfront Transactions 37 44 -15.91% Total Sales Value $212,999,511 $224,230,055 -5.01% Average Sales Price $1,625,950 $1,751,797 -7.18% Price Per Square Foot $519.23 $513.59 +1.10% Days on Market (Average) 31 32 -3.13% Waterfront Lifestyle Feature Greater Annapolis offers an unparalleled lifestyle for those seeking waterfront living. The region provides quick access to the Chesapeake Bay, world-class marinas, and opportunities for boating, sailing, and water sports. Many homes feature private docks, offering the perfect retreat for waterfront enthusiasts. Click below to view our complete waterfront guide to Greater Annapolis! Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Historic Annapolis offers a rare blend of historic charm, waterfront views, and a thriving cultural scene, making it one of the most sought-after neighborhoods in the region. The cobblestone streets and 18th-century architecture provide a picturesque backdrop for both residents and visitors, while a vibrant downtown offers shopping, dining, and cultural attractions within walking distance. Q3 2024 Key Metrics: Total Sales Value : $7,065,500 Average Sales Price : $1,413,100 Number of Transactions : 5 Average Days on Market : 7 Homeowners in this community are drawn to the area's rich history, including landmarks like the Maryland State House and St. John’s College. Despite its old-world charm, Historic Annapolis provides modern conveniences, with luxury homes featuring state-of-the-art amenities alongside preserved historical details. This quarter, homes sold incredibly fast, with an average of just 7 days on the market , highlighting the fierce competition for homes in this prime location. Whether you’re looking for a historic home, waterfront property, or simply a walkable lifestyle, Historic Annapolis continues to stand out as a premier destination for luxury buyers. Tucked away just west of downtown, West Annapolis  is a hidden gem that combines a quieter residential feel with convenient access to Annapolis’ bustling city life. Known for its tree-lined streets and charming neighborhood vibe, West Annapolis is popular among families, professionals, and those looking for a close-knit community feel. Q3 2024 Key Metrics: Total Sales Value: $6,536,000 Average Sales Price : $1,307,200 Number of Transactions : 5 Average Days on Market : 5 The area offers a unique mix of locally-owned shops, cafes, and eateries, giving residents a small-town experience while being just minutes from downtown. Homes in West Annapolis often feature spacious yards and classic architecture, attracting buyers who appreciate a suburban lifestyle with the bonus of Annapolis’ waterfront and cultural attractions nearby. This quarter, homes sold extremely fast, with an average of just 5 days on the market , reflecting high demand for this centrally located community. Whether you're seeking a family-friendly neighborhood or proximity to some of the best schools in the area, West Annapolis continues to be a top choice for those seeking a balance of convenience and tranquility. Located just outside the bustling city center, Eagles Passages  offers a serene and peaceful escape while still being a short drive away from the conveniences of Annapolis. This exclusive community is characterized by larger homes on spacious lots, surrounded by the natural beauty of trees and open spaces. Perfect for families or those seeking a more private, suburban lifestyle, Eagles Passages is ideal for those who appreciate tranquility and a close-knit neighborhood. Q2 2024 Key Metrics: Total Sales Value : $6,938,000 Average Sales Price : $1,387,600 Number of Transactions : 5 Average Days on Market : 24 The area provides easy access to outdoor activities, including nearby parks, walking trails, and the Chesapeake Bay, making it a haven for nature lovers. Residents enjoy a quiet lifestyle while being within reach of Annapolis’ shopping, dining, and waterfront amenities. In Q3 2024, properties in Eagles Passages sold at a healthy pace, with an average of 24 days on the market , a reflection of the community’s appeal and desirability. With its spacious homes and proximity to nature, Eagles Passages continues to attract buyers seeking luxury living with room to breathe. Luxury Sales The luxury market  in Greater Annapolis remained active in Q3 2024, with significant demand for high-end properties, especially large waterfront estates. This quarter's highest-priced transaction  was a stunning estate on Roundhill Rd , which sold for $6.75 million . The continued desire for waterfront living and premium amenities kept competition high in this segment, with many properties selling swiftly. Top 10 Luxury Sales this quarter The luxury real estate market in Anne Arundel County remains strong, with properties ranging from $1M to $6M. This demonstrates the high demand for premium homes, particularly in sought-after areas like Annapolis, Arnold, and Edgewater. Buyers are willing to pay top dollar for these properties, which contributes to the competitive sales environment. Homes are selling quickly, with many properties closing in just a few days and often selling near or above the list price. This high demand is particularly noticeable in key areas like Gambrills, Davidsonville, and Severna Park, where luxury homes continue to move off the market rapidly. Colonial, Craftsman, and Coastal-style homes dominate the luxury market, offering buyers modern amenities and appealing architectural designs. These properties tend to be in excellent or very good condition, further increasing their attractiveness to prospective buyers. Financing for these homes remains stable, with most sales being standard and financed through conventional loans or cash offers. Many homes are also part of HOA communities, indicating well-organized neighborhoods with shared amenities and maintenance. Buyer Insights The buyer profile in Greater Annapolis continues to favor high-net-worth individuals seeking primary residences or weekend homes, particularly those with waterfront views or access to exclusive amenities. The third quarter of 2024 reflects a fiercely competitive market, with a particular emphasis on privacy, modern designs, and proximity to Annapolis' vibrant downtown and maritime culture. Buyer interest in properties that offer both scenic and lifestyle advantages has kept prices elevated, especially in sought-after areas. Key Insights Buyer Demographics : Many buyers are drawn from Washington, D.C., and Baltimore metro areas, reflecting a mix of high-income professionals, retirees, and second-home seekers. The influx of out-of-town buyers fuels demand for larger estates, luxury homes, and waterfront properties, where lifestyle and convenience intersect with prestige. Property Preferences : Waterfront properties continue to top the list of priorities for buyers, with homes that feature direct water access, docks, and privacy commanding premium prices. Buyers increasingly seek new construction and turnkey homes, especially those with modern amenities, smart-home technology, and high-end finishes. There is also a growing demand for homes within walking distance of downtown Annapolis. Areas like Murray Hill and Eastport remain highly desirable for their easy access to cultural attractions, dining, and community amenities. Financing Trends : Cash purchases dominate the high-end market, as affluent buyers capitalize on their liquidity and favorable market conditions. However, there is also significant financing activity in the $1M-$2M range, with buyers opting for mortgages at still-reasonable interest rates to maximize their investment potential in this price segment. Eco-Friendly and Sustainable Living: Luxury buyers are increasingly attracted to homes that align with their environmental values. Many new homes in Greater Annapolis now feature eco-friendly systems such as solar panels, energy-efficient appliances, and sustainable materials. Buyers prioritize these features as part of their commitment to sustainability, without sacrificing the luxury and comfort they expect. Quarterly Forecast (Q4 2024) Market Outlook for Q3 2024 Continued Demand for Waterfront and Luxury Properties: Waterfront properties and homes with modern, high-end finishes will continue to command premium prices, particularly in the most desirable areas. The demand for privacy, scenic views, and direct water access should remain steady, even as the market cools slightly due to seasonal factors. However, the luxury segment is often less affected by seasonality compared to lower price points. Slight Slowdown in Market Activity Due to Seasonality: As is typical in Q4, overall market activity may slow down slightly due to the holidays and winter months. However, high-net-worth buyers are less constrained by these trends, and serious buyers will continue to make moves, especially with interest rates still relatively favorable for financing. Increased Interest in Sustainable Homes: As environmental concerns become more prominent, buyers will increasingly prioritize eco-friendly features such as energy-efficient heating systems, solar power, and sustainable materials. This trend is expected to grow, especially in the luxury market where buyers are looking for long-term investment value. Stabilizing Home Prices: The rapid price appreciation seen in earlier quarters may stabilize as the market moves towards the end of the year. While the demand for luxury and waterfront properties will remain robust, the pace of price increases may moderate, creating more balanced conditions. However, limited inventory in prime areas could keep prices elevated, especially for homes with desirable features. Potential Impact of Economic Trends: Broader economic factors, including inflation, interest rates, and stock market performance, may play a role in shaping the Q4 market. Affluent buyers who rely on investment portfolios to fund real estate purchases could be cautious if market volatility persists. However, the Annapolis market, with its proximity to major metropolitan areas and appeal as a retreat, is likely to remain resilient. Exclusive Offerings for Buyers Private Consultations and Home Tours Interested in finding your perfect Annapolis waterfront home? Schedule a private consultation  with us for a tailored home tour or to discuss investment opportunities. We offer exclusive access to some of the most desirable properties in the region. In conclusion, the Greater Annapolis real estate market continues to thrive, driven by high-net-worth buyers seeking both primary and second homes, particularly those with waterfront access and modern amenities. While seasonal factors may lead to a slight cooling in overall activity, the demand for luxury properties remains robust, especially in desirable neighborhoods close to downtown Annapolis. The market is also seeing increased interest in eco-friendly and sustainable living, aligning with broader trends in environmental consciousness. As we head into Q4, the Annapolis market is expected to remain competitive, with stable pricing and ongoing demand for premium homes, despite potential external economic factors. This resilience, combined with the area's unique charm and lifestyle offerings, positions Greater Annapolis as a sought-after destination for affluent buyers.

Welcome to the September 2024 Southern Maryland Market Report, where we provide a comprehensive analysis of the region's luxury and waterfront real estate segments. This report focuses on the key counties of Southern Maryland—Calvert, Charles, and St. Mary’s—highlighting the trends, key metrics, and insights that define the market in these areas. The Southern Maryland region continues to offer an attractive mix of serene waterfront properties and luxurious homes, appealing to buyers seeking both lifestyle and investment opportunities. This report covers the latest data, including average sales prices, transaction volumes, and days on market, to provide a clear view of current trends and future forecasts. Whether you're considering buying, selling, or just staying informed, this report is your go-to resource for understanding the unique dynamics of Southern Maryland's luxury and waterfront markets. Exploring Market Metrics In September 2024, the Southern Maryland luxury market saw notable adjustments, particularly in pricing and market dynamics. The average price for luxury properties decreased to $1,190,267 , down from $1,242,777  in August and significantly lower than the $1,550,000  recorded in September 2023. This drop suggests that buyers in the market are gravitating toward more competitively priced properties, indicating a shift in demand and market conditions compared to the previous year. One of the most significant changes this month was the increase in days on market , which rose dramatically to 51 days , up from just 3 days  in August 2024 and 29 days  in September 2023. This indicates that while demand remains, buyers may be taking longer to commit, leading to a slower sales cycle for luxury properties in the region. However, total sales volume  surged to 9 properties  sold in September 2024, a sharp increase from the 2 sales  recorded in both August 2024 and September 2023. This jump in sales, despite the longer days on market, reflects strong buyer interest in luxury properties, particularly those priced more competitively. The list price to sales price ratio  averaged 96.8%  in September 2024, a slight decrease from the 100%  seen in August but a solid improvement over the 89.2%  recorded in September 2023. This suggests that while sellers are achieving slightly less than full asking prices compared to last month, they are still faring better than they did last year. southern maryland luxury sept 2024 august 2024 sept 2023 Average Price $1,190,267 $1,242,777 $ 1,550,000 Days on Market 51 3 29 Total Sales 9 2 2 List Price To Sales Price 96.8 % 100% 89.2% In September 2024, the Southern Maryland waterfront market experienced notable shifts, particularly in pricing and negotiation trends. The average price for waterfront properties rose to $780,072 , up from $696,450  in August 2024 but still slightly below the $824,400  recorded in September 2023. This suggests that while demand remains healthy, prices have moderated compared to last year’s peak, possibly reflecting a more balanced market between buyers and sellers. The days on market  increased slightly to 28 days  in September 2024, compared to 23 days  in both August 2024 and September 2023. Although this change is modest, it indicates that buyers may be taking more time to make decisions, contributing to a slightly slower pace of sales. However, total sales volume  reached 18 properties  in September 2024, down from 20 sales  in August but higher than the 15 sales  recorded in September 2023. This indicates that while there has been a small dip in the number of transactions, waterfront properties continue to attract a consistent stream of buyers. The list price to sales price ratio  fell to 93.8%  in September 2024, a decline from 97.5%  in August and 98.8%  in September 2023. This suggests that sellers are having to negotiate more than in previous months, as the market adjusts to changing buyer expectations and pricing strategies. southern maryland WATERFRONt sept 2024 august 2024 sept 2023 Average Price $780,072 $ 696,450 $824,400 Days on Market 28 23 23 Total Sales 18 20 15 List Price To Sales Price 93.8 % 97.5% 98.8% let's look at the average property in each market in SEPT '24 MARKET BEDS BATHS SQUARE FEET PPSF SOUTHERN MD LUXURY 5 5 5,148 $414.24 SOUTHERN MD WATERFRONTS 3 3 2,965 $341.26 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion The Southern Maryland real estate market in September 2024 presents a mixed but intriguing picture for both the luxury and waterfront segments. On the luxury side , there has been a notable decline in average prices year-over-year, with homes taking longer to sell and sellers receiving slightly less than their asking prices. However, the significant increase in the number of transactions suggests that while buyers may be price-sensitive, there is still robust demand for high-end properties, particularly those priced competitively. Sellers should be prepared for a more extended sales process, but buyers remain active and engaged in the market. The waterfront market  also reflects a similar pattern of moderation. While the average sales price increased from last month, it remains slightly below last year’s figure. Days on market increased, but total sales volume remains steady, indicating continued interest in waterfront properties. However, sellers are now receiving less than the asking price, pointing to increased negotiation in the market. Overall, both segments show that while demand for luxury and waterfront properties in Southern Maryland remains strong, buyers are becoming more selective, and sellers may need to adjust pricing strategies to align with current market conditions. The market is gradually balancing out, offering opportunities for both buyers seeking value and sellers willing to adapt to a slightly slower pace of transactions.

The real estate market across Queen Anne's County , Talbot County , and Kent County  continues to capture attention in September 2024  with its captivating trends. This comprehensive market report uncovers the highlights of these vibrant regions, offering key insights into average square footage , pricing , total sales , and more. Join us as we explore the evolving real estate landscape of Maryland's stunning Eastern Shore , where luxury, waterfront living, and historic charm continue to attract buyers from across the region. Exploring Market Metrics The luxury market  in the Eastern Shore  continues to evolve, showing some significant trends in September 2024 . The average price  for luxury properties rose to $2,335,429 , up from $2,090,692  in August 2024 , and higher than the $1,885,263  recorded in September 2023 . This sustained increase in pricing suggests strong demand for high-end properties, particularly as buyers seek waterfront estates, large-acreage homes, and properties with modern amenities. However, days on market  have continued to rise, reaching 68 days  in September 2024 , compared to 61 days  in August  and 34 days  in September 2023 . This indicates that properties are taking longer to sell, suggesting that while buyers are still willing to pay higher prices, they are taking more time to finalize their decisions. The total sales  volume saw a slight increase, with 14 luxury homes  sold in September 2024 , compared to 13 in August , but down from the 19  sales recorded in September 2023 . This suggests that while demand remains strong, the market is slowing slightly compared to last year’s pace. The list price to sales price ratio  came in at 90.3%  in September 2024 , slightly up from 88.3%  in August , but still lower than the 96.9%  seen in September 2023 . This indicates that sellers are having to negotiate more on price, giving buyers increased leverage in luxury transactions. EASTERN SHORE LUXURY SEPT 2024 august 2024 SEPt 2023 Average Price $2,335,429 $2,090,692 $1,885,263 Days on Market 68 61 34 Total Sales 14 13 19 List Price To Sales Price 90.3% 88.3% 96.9% The waterfront market  in the Eastern Shore  experienced notable shifts in September 2024 . The average price  for waterfront properties rose to $2,216,857 , a significant increase from $1,116,288  in August 2024 , and higher than the $1,540,308  recorded in September 2023 . This dramatic jump suggests that the most recent sales include high-end waterfront estates, driving up the average price in this segment. However, days on market  remained high, with properties taking an average of 68 days  to sell in September, down slightly from 75 days  in August, but still longer than the 44 days  seen in September 2023 . This suggests that while buyers are willing to pay premium prices for desirable waterfront homes, they are taking more time to complete transactions, potentially due to higher price points or increased competition. The total sales volume  saw a significant decrease, with only 14 waterfront homes  sold in September 2024 , compared to 26  in both August 2024  and September 2023 . This reduction in transactions points to a potential slowdown in buyer activity, which could be due to inventory constraints or seasonal factors impacting the waterfront segment. The list price to sales price ratio  dropped to 88.3%  in September 2024 , down from 90.5%  in August and well below the 94.6%  seen in September 2023 . This reflects increased negotiation power for buyers, as sellers are accepting offers further below the list price than in previous months. EASTERN SHORE waterfront SEPT 2024 august 2024 SEPt 2023 Average Price $2,216,857 $1,116,288 $1,540,308 Days on Market 68 75 44 Total Sales 14 26 26 List Price To Sales Price 88.3% 90.5% 94.6 % let's look at the average property in each market in SEPT '24 MARKET BEDS BATHS SQUARE FEET PPSF EASTERN SHORE LUXURY 4 4 4,432 $559.07 EASTERN SHORE WATERFRONT 5 5 4,421 $ 513.26 Top 10 Sold Listings Curious about the top 10 properties that created a buzz in the real estate market in September? Here are some of the exceptional listings that caught the attention of buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion As we conclude the September 2024 Eastern Shore real estate market report , it's clear that both the luxury  and waterfront segments  are seeing significant shifts. In the luxury market, we observed rising average prices , reflecting continued demand for high-end properties, even as days on market  extend and sales volume  slows. Sellers are still benefiting from strong interest, but buyers are becoming more selective, negotiating for lower prices and taking longer to close deals. The waterfront market  experienced a notable increase in average prices , driven by sales of high-value properties, but also saw a sharp decline in total sales  and a further drop in the list price to sales price ratio . This suggests that while waterfront properties continue to command premium prices, fewer buyers are actively purchasing, and those who are buying are securing properties at more negotiated prices. Moving forward, both buyers and sellers  should remain mindful of the shifting dynamics in the Eastern Shore  market. Sellers may need to adjust pricing strategies to match current buyer expectations, particularly as inventory tightens and negotiations become more common. Buyers, on the other hand, are in a stronger position to negotiate, particularly in the waterfront segment, where the market has shown signs of softening. The Eastern Shore  remains a highly desirable region, known for its luxury estates and scenic waterfront properties, but market participants should be prepared for continued fluctuations as economic and seasonal factors come into play.

As we turn our attention to the Greater Baltimore  real estate market in September 2024 , both the luxury  and waterfront  segments continue to shape the landscape of this dynamic region. Covering Baltimore City , Baltimore County , and Howard County , this report delves into key trends, including shifts in pricing , sales volume , and buyer behavior . With evolving market conditions, Greater Baltimore  remains a focal point for high-end  and waterfront real estate , offering valuable insights into how these segments are performing. Let’s dive into the data to explore what September  has revealed about the luxury and waterfront markets in this thriving area. Exploring Market Metrics The luxury market in Greater Baltimore  remained strong in September 2024 , with average prices  rising to $1,536,224 , up from $1,424,321  in August and higher than the $1,417,455  recorded in September 2023 . This steady price increase highlights continued demand for high-end properties across Baltimore City , Baltimore County , and Howard County , despite broader economic concerns. However, luxury homes  took longer to sell in September, with days on market  increasing to 42 days , compared to 36 days  in August and 32 days  in September 2023. This suggests that while buyers are still willing to pay premium prices, they may be taking more time to finalize their decisions, potentially due to price negotiations or tighter inventory. In terms of sales volume , 52 luxury homes  were sold in September, down significantly from 76  in August and matching the 52 sales  recorded in September 2023 . This drop reflects a potential cooling in the market as the number of transactions decreased month-over-month, possibly due to the end of summer and shifting buyer behavior. The list price to sales price ratio  remained strong at 100% , slightly up from 99.6%  in August but below the 100.9%  seen in September 2023 . Sellers are still getting very close to their asking prices, if not exceeding them in some cases, which underscores the competitive nature of the market, even as the number of sales and days on market shift. greater baltimore luxury sept 2024 august 2024 sept 2023 Average Price $1,536,224 $1,424,321 $1,417,455 Days on Market 42 36 32 Total Sales 52 76 52 List Price To Sales Price 100% 99.6% 100.9% The waterfront market  in Greater Baltimore  saw some notable shifts in September 2024 . The average price  for waterfront properties decreased to $600,724 , down from $661,340  in August 2024 , and significantly lower than the $721,769  recorded in September 2023 . This continued decline in pricing suggests a cooling in the waterfront segment, with buyers becoming more selective or market conditions shifting away from premium pricing. Days on market  increased to 57 days  in September 2024 , up from 45 days  in August , and slightly higher than the 55 days  seen in September 2023 . This indicates that waterfront properties are staying on the market longer as buyers take more time to make decisions, possibly reflecting a decrease in urgency or more negotiation over pricing. Total sales  for waterfront homes dropped slightly to 19 homes  in September, compared to 20  in August, but up from 13  in September 2023 . This slight drop in sales volume may be due to seasonality, while the year-over-year increase indicates that buyer interest in waterfront properties remains relatively strong, even with shifting prices. The list price to sales price ratio  held steady at 94.3%  in September, matching the August figure but lower than the 97.3%  seen in September 2023 . This suggests that sellers are accepting offers further below their asking prices, giving buyers more room for negotiation compared to previous years. greater Baltimore WATERFRONT sept 2024 august 2024 sept 2023 Average Price $600,724 $661,340 $721,769 Days on Market 57 45 55 Total Sales 19 20 13 List Price To Sales Price 94.3% 94.3% 97.3% let's look at the average property in each market in sept '24 MARKET BEDS BATHS SQUARE FEET PPSF GREATER BALTIMORE LUXURY 5 5 5,220 $ 488.54 GREATER BALTIMORE WATERFRONT 3 3 2,270 $304.46 Target Demographic for These Properties Luxury Market Buyers: Affluent Professionals and Families :Buyers in the Greater Baltimore luxury market  are typically in their mid-40s to mid-60s, well-established in their careers with significant disposable income. Many of these buyers work in fields such as law , finance , or healthcare , and some may own their own businesses. They are drawn to luxury properties  in Baltimore County and Howard County due to the proximity to prestigious schools , country clubs , and cultural amenities . Dual-Income Families :Many buyers in this segment are dual-income households  seeking a combination of luxury and convenience. These families prioritize access to good schools , recreational facilities , and a strong community environment . The appeal of luxury homes  is further enhanced by nearby amenities and family-oriented features. Upsizers/Second-Home Buyers :A significant portion of luxury buyers are upsizing , moving from smaller luxury homes to larger estates as they upgrade their lifestyle. Others may be purchasing second homes , using them for weekend getaways, investment properties, or future retirement plans. These buyers tend to seek larger homes with modern amenities  and privacy . Waterfront Market Buyers: Empty Nesters/Retirees :Buyers in the waterfront market  tend to be older, typically in their late 50s to 70s , looking for a peaceful, waterfront retreat. They are likely seeking a primary residence  or vacation home , drawn to the tranquility and scenic views offered by waterfront properties  in areas like Baltimore County  or Harford County . These buyers often have accumulated wealth and are transitioning to a more relaxed, waterfront-focused lifestyle. Younger Professionals Seeking Vacation Properties :Younger professionals, in their 30s and 40s , are also part of the waterfront buyer demographic, looking for second homes  or weekend getaways . They may prioritize access to water-based recreational activities, such as boating , fishing , or kayaking . Proximity to Baltimore's urban core  makes these homes an attractive option for those seeking a balance between city life and relaxation. Investors/Short-Term Rental Seekers :There is growing interest from investors  looking for vacation rentals  or Airbnb properties . The Greater Baltimore waterfront market  offers opportunities for short-term rentals , particularly with the area's proximity to both Baltimore City  and local lakes. Homes with waterfront views or direct access to water offer high rental potential and appeal to tourists or short-term renters. Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales . Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion As we conclude the September 2024 Greater Baltimore real estate market report , it’s clear that both the luxury  and waterfront segments  are experiencing dynamic shifts. The luxury market has shown resilience, with rising average prices  and sellers achieving full asking prices  in many cases. However, the market is becoming more measured, with extended days on market  and a drop in sales volume  compared to the previous month. This suggests that while demand remains strong, buyers are taking longer to make decisions, potentially due to higher prices and limited inventory. In the waterfront segment , there has been a continued softening , with prices falling and properties spending more time on the market. However, the steady sales volume indicates that buyers are still seeking waterfront properties, albeit with more negotiating power. Investors and second-home buyers continue to find opportunities in this segment, particularly as sellers become more flexible with pricing. Moving forward, the Greater Baltimore real estate market  is expected to remain competitive but with more opportunities for buyers  to negotiate and take their time with purchasing decisions. Sellers may need to adjust expectations slightly as market conditions evolve, particularly in the waterfront market, where buyers are pushing for better deals. Whether you're buying or selling, staying informed on these trends will be key to navigating the evolving landscape. The Greater Baltimore market  continues to offer great potential for luxury and waterfront buyers, but both segments require careful consideration of pricing strategies and timing.

As we dive into the Greater Annapolis real estate market for September 2024 , both the luxury  and waterfront  segments reveal ongoing shifts. This report provides key insights into pricing, sales volume, and market dynamics for properties in the $1M+ range , including sought-after waterfront homes. With continued softening in average prices and changes in days on market, the Annapolis luxury and waterfront markets are evolving. Let’s explore the data to better understand how these trends are shaping the real estate landscape this month. Exploring Market Metrics In September 2024 , the luxury real estate market in Greater Annapolis continued to experience adjustments in both pricing and activity. The average price  of luxury properties dropped to $1,491,473 , down from $1,649,092  in August, and significantly lower than the $1,683,795  recorded in September 2023 . This steady decline suggests ongoing softening in the market as luxury buyers become more selective in their property choices. The days on market  increased slightly, with properties taking an average of 32 days  to sell, compared to 27 days  in August. This marks a marginal increase from the 30 days  seen in September 2023 , signaling that homes are taking a bit longer to sell as market conditions shift. The total number of sales dropped to 38 homes  in September, down from 44 in August  and 47 in September 2023 . This decrease in sales volume indicates that while demand for high-end homes remains solid, the overall market activity has slowed compared to previous months. The list price to sales price ratio  declined to 95.3%  in September, down from 96.4%  in August and 97.6%  in September 2023. This reflects an increased ability for buyers to negotiate on price, as sellers are accepting offers that are further below asking prices than in previous months. ANNAPOLIS LUXURY sept 2024 august 2024 sept 2023 Average Price $1,491,473 $1,649,092 $1,683,795 Days on Market 32 27 30 Total Sales 38 44 47 List Price To Sales Price 95.3 % 96.4% 97.6% The waterfront market in Annapolis saw several key shifts in September 2024 . Average prices  decreased to $1,274,281 , down significantly from $1,645,364  in August, and below the $1,513,472  recorded in September 2023 . This decline suggests a cooling in the waterfront market, with buyers possibly becoming more cautious due to broader economic factors or fewer premium listings available. However, days on market  increased to 50 days  in September, compared to 36 days  in August and 43 days  in September 2023. This rise indicates that waterfront properties are taking longer to sell, signaling that buyers may be moving more slowly or that properties are lingering on the market due to price or location factors. The total number of sales  fell to 16 homes  in September, down from 22 in August  and 27 in September 2023 . This reduction in sales volume could be a reflection of lower inventory or buyers exercising more caution in their purchases, potentially waiting for more favorable market conditions. The list price to sales price ratio  held relatively steady at 95.0% , slightly down from 95.3%  in August but higher than 94.2%  in September 2023. This indicates that sellers are still achieving close to their asking prices, though buyers have a bit more negotiating power compared to recent months. ANNAPOLIS waterfront sept 2024 august 2024 sept 2023 Average Price $1,274,281 $1,645,364 $1,513,472 Days on Market 50 36 43 Total Sales 16 22 27 List Price To Sales Price 95.0% 95.3% 94.2% let's look at the average property in each market in sept '24 MARKET BEDS BATHS SQUARE FEET PPSF ANNAPOLIS LUXURY 5 5 4,721 $430.22 ANNAPOLIS WATERFRONT 3 3 3,012 $534.88 Top 10 Sold Listings Intrigued by the top 10 listings that set the real estate market abuzz in September? Here are some of the standout properties that resonated with buyers: Swipe right to see all of the top 10 sales. Explore these listings here to uncover more details about each sale. Top 10 New Listings The excitement doesn't end with the sold properties. Here are the top 10 new listings that made a grand entrance into the real estate arena, poised to capture the attention of eager house hunters: Don't miss out on the exclusive details of these new listings that have redefined the standard of modern living. In Conclusion As we wrap up the September 2024 Greater Annapolis real estate market report , it’s clear that the luxury and waterfront segments are experiencing a period of softening. While demand for high-end homes remains present, both luxury  and waterfront properties  have seen decreases in average prices , longer days on market , and a drop in total sales  compared to recent months and the previous year. These trends suggest that buyers are becoming more selective, potentially due to economic factors or tighter inventory, and are negotiating more aggressively on prices. Despite these shifts, sellers are still achieving strong returns , with list price to sales price ratios  holding steady around 95%, showing that homes are selling close to asking prices. This signals that while there is more room for negotiation, the Annapolis market  remains competitive, particularly for well-located properties in desirable waterfront and luxury areas. Moving forward, we anticipate that demand for waterfront homes  and luxury estates  will continue, but both buyers and sellers should be prepared for continued market adjustments. Sellers may need to price more competitively to align with current market trends, while buyers can benefit from increased leverage in negotiations.

This concise review covers the key insights and data from the luxury real estate market across Southern Maryland, encompassing Calvert , Charles , and Saint Mary's  counties. Known for its beautiful waterfronts, quiet communities, and proximity to the Chesapeake Bay, Southern Maryland remains an attractive destination for high-end buyers looking for privacy and serene living. Although smaller in scale compared to other regions, the luxury market in Southern Maryland continued to exhibit stability in Q2 2024, with notable trends in buyer behavior, pricing, and days on market. This report provides a snapshot of key market trends, offering valuable insights to help inform your real estate decisions, whether you're looking for a primary residence or a vacation retreat. Table of Contents Introduction and Market Overview Southern Maryland Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a concise analysis of the real estate trends in Southern Maryland , focusing on luxury properties sold over $1 million in Calvert , Charles , and Saint Mary's  counties. Key Insights Covered: Market Performance: Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights : Highlights of key neighborhoods and areas, focusing on local trends, buyer demand, and notable developments. Luxury Market Analysis : A breakdown of notable luxury sales, including top transactions, and what factors are driving premium prices in the Southern Maryland market. Buyer Insights : A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data : Graphs and charts to make key data points accessible, showcasing trends in inventory, price growth, and notable sales over time. Quarterly Forecast : Expert predictions for the next quarter, with projections based on current data, interest rate trends, and inventory outlook. Whether you're looking for a primary residence  or a waterfront retreat , this report provides the insights you need to make informed decisions in Southern Maryland's luxury real estate market. southern maryland Market Analysis The luxury real estate market on the Eastern Shore saw remarkable growth in Q2 2024, with the total number of transactions  rising by 62% year over year and the total sales value  increasing by over 65%. The average sales price  of luxury properties also experienced a modest increase, up 2.11% compared to Q2 2023. Additionally, homes in the luxury segment sold slightly faster, with the average days on market (DOM)  dropping by 4.49%. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 24 14 +71.43% Waterfront Transactions 12 11 +9.09% Total Sales Value $29,211,250 $18,059,259 +61.75% Average Sales Price $1,217,135 $1,289,947 -5.64% Price Per Square Foot $348.95 $355.50 -1.84% Days on Market (Average) 48 16 +200% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Huntingtown  is one of Calvert County's  most desirable communities, particularly for luxury buyers looking for large estates and modern homes set in a quiet, countryside setting. Known for its top-rated schools, spacious properties, and proximity to both the Patuxent River and Chesapeake Bay, Huntingtown is ideal for families and professionals who value privacy and a suburban lifestyle. With its excellent community services and well-maintained neighborhoods, Huntingtown offers an exceptional quality of life. Q2 2024 Key Metrics: Total Sales Value : $3,440,000 Average Sales Price : $1,146,667 Number of Transactions : 3 Average Days on Market : 10 Lifestyle Feature:  Life in Huntingtown offers the perfect balance between peaceful country living and modern convenience. Residents enjoy large homes with plenty of land, providing both privacy and space for outdoor activities. The town’s excellent schools, family-friendly environment, and easy access to outdoor recreation make it a top choice for luxury buyers looking to settle down in a quiet, yet vibrant community. Leonardtown  is the cultural and historical heart of Saint Mary’s County . Known for its small-town charm and rich history, Leonardtown has become an increasingly popular destination for luxury home buyers looking for quiet living with modern conveniences. The town is home to numerous historic sites, as well as a vibrant arts scene, boutique shopping, and a growing culinary culture. With its proximity to the Potomac River, Leonardtown also offers easy access to waterfront activities and outdoor recreation. Q2 2024 Key Metrics: Total Sales Value: $3,800,000 Average Sales Price : $1,266,667 Number of Transactions : 3 Average Days on Market : 14 Lifestyle Feature:  Living in Leonardtown provides a perfect blend of history, culture, and relaxation. Residents enjoy a strong sense of community, with local festivals, farmers markets, and outdoor concerts adding to the town's appeal. The nearby Potomac River and Breton Bay provide ample opportunities for boating, fishing, and kayaking, making Leonardtown a great choice for those seeking a peaceful yet active lifestyle. Dunkirk , located in Calvert County , is a suburban haven known for its spacious estates and tranquil environment. Popular among families and those seeking more land and privacy, Dunkirk offers a range of high-end homes, many set on large lots with plenty of green space. While maintaining a rural feel, Dunkirk is also well connected, with convenient access to both Washington, D.C., and Annapolis. This accessibility makes it a prime location for luxury buyers who want to balance suburban living with proximity to city amenities. Q2 2024 Key Metrics: Total Sales Value : $4,263,250 Average Sales Price : $1,065,812 Number of Transactions : 4 Average Days on Market : 40 lifestyle feature:  Dunkirk is perfect for those looking for a quieter, more private lifestyle without sacrificing convenience. The area boasts beautiful homes on large, wooded lots, offering a serene environment for families and professionals alike. Outdoor enthusiasts will appreciate Dunkirk’s proximity to hiking trails, parks, and waterfront activities, while residents can also enjoy easy access to nearby shopping and dining options. Luxury Sales The luxury real estate market in Southern Maryland  continues to see steady interest, particularly in waterfront properties and spacious estates. While the number of luxury transactions remains smaller compared to other regions, the demand for privacy, modern amenities, and proximity to the Chesapeake Bay remains strong. Several notable transactions were recorded in Q2 2024 , with properties boasting large acreages, water access, and premium finishes commanding top prices. Among the highest sales were properties located in Dunkirk  and Leonardtown , where sales consistently crossed the $1 million mark. Demand remains strong for homes with modern finishes and eco-friendly features, particularly among high-net-worth buyers from urban areas like Washington, D.C., seeking peaceful primary or secondary homes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury market in Southern Maryland  offers a unique investment opportunity for buyers. Over the past year, luxury properties in this region have shown steady appreciation, making them a solid choice for long-term investment. The combination of privacy, space, and waterfront access makes these homes particularly desirable, and the growing demand has led to consistent price increases. As buyers invest in luxury homes, they are not just purchasing real estate—they are investing in a lifestyle that offers both relaxation and proximity to nature. With an average appreciation rate of over 3.6%  across the past two quarters, luxury homes in Southern Maryland continue to provide strong returns for discerning investors. Buyer Insights The buyer profile in Southern Maryland  continues to favor high-net-worth individuals, with many seeking spacious estates, waterfront properties, and modern homes. The market remains competitive, especially for homes offering privacy and direct access to the Chesapeake Bay or Patuxent River. Many buyers are either looking for primary residences with more space and serenity or second homes to escape city life, drawn by Southern Maryland’s rural charm and proximity to major metropolitan areas. Key Insights Buyer Demographics : Many buyers come from nearby metropolitan areas such as Washington, D.C. , Annapolis , and Baltimore . High-income professionals and retirees make up the majority, looking for luxury homes that provide privacy, waterfront access, or large, secluded estates. Property Preferences : Waterfront properties  continue to be a top priority for buyers. Homes offering direct water access, private docks, and expansive views of the Chesapeake Bay and nearby rivers consistently command premium prices. Spacious estates : Buyers are drawn to properties with large acreage, particularly in Dunkirk  and Huntingtown , where privacy and space are key selling points. Turnkey homes : Modern, move-in-ready properties with energy-efficient features are in high demand, particularly in the luxury segment. Financing Trends : Cash purchases  dominate the luxury segment as high-net-worth buyers take advantage of the market’s favorable conditions. Financed purchases : Buyers in the mid-to-high-end market ($1M–$2M range) continue to leverage low-interest mortgage options to secure larger properties. Eco-Friendly and Sustainable Living There is a growing demand for luxury homes with eco-friendly features in Southern Maryland. Many buyers are looking for properties that incorporate energy-efficient systems , solar panels , and sustainable building materials , aligning with their environmental values without sacrificing modern luxury. This trend is particularly strong among younger high-net-worth buyers seeking to reduce their carbon footprint while maintaining an upscale lifestyle. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Sustained Demand for Spacious and Waterfront Properties: We expect continued strong demand for waterfront properties  and spacious estates  in Southern Maryland , particularly in sought-after locations like Leonardtown , Dunkirk , and Huntingtown . High-net-worth buyers from Washington, D.C., and Baltimore will continue to seek out properties offering privacy, large acreage, and access to the Chesapeake Bay or Patuxent River. The trend of purchasing second homes and retirement properties is likely to persist, driving interest in these areas. Limited Inventory and Competitive Pricing: The inventory of luxury homes in Southern Maryland is expected to remain tight, which will likely lead to increased competition among buyers. Prices for high-end properties are anticipated to rise slightly, especially for homes offering waterfront access or premium amenities. Dunkirk  and Leonardtown  are likely to see heightened demand as families and retirees look for spacious homes with proximity to nature and water. Interest Rates and Financing Trends: While interest rates remain a key factor in the broader market, luxury buyers in Southern Maryland tend to rely on cash purchases , limiting the impact of fluctuating rates on the high-end segment. However, for buyers leveraging financing in the $1M–$2M range, a potential increase in interest rates later in the year could prompt them to move quickly on properties before rates rise further. Seasonal Buyer Activity: Q3 is typically a slower quarter for transactions as summer comes to an end, but we anticipate continued interest in vacation homes  and waterfront properties . Buyers looking to secure properties ahead of the holiday season may increase activity in September , particularly for homes in Leonardtown  and Huntingtown . Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates , sprawling countryside properties , or modern retreats . We offer private consultations  to help you find your ideal home in Southern Maryland . Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Leonardtown , Dunkirk , Huntingtown , and beyond. Investment Opportunities For buyers seeking real estate as an investment , we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation . Whether you're interested in waterfront estates  with private docks or income-generating vacation homes , we help you navigate opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion . Waterfront Property Consultations We specialize in luxury waterfront properties  across Southern Maryland . Our team is highly experienced in the complexities of waterfront real estate , from understanding riparian rights  to navigating regulations for private docks . Whether you're looking for a weekend getaway or a full-time residence with water access , we provide expert guidance tailored to your needs. As we wrap up this quarterly analysis of the Southern Maryland luxury real estate market , it’s evident that the region continues to attract high-net-worth buyers seeking both luxury and lifestyle . With consistent demand for waterfront properties  and spacious estates , the market has shown strong performance, reflected in both rising sales values and stable transaction volume. The substantial increase in both total sales value  and waterfront transactions  highlights the enduring appeal of Southern Maryland , particularly for buyers looking for privacy, expansive properties, and premium water access. Communities like Leonardtown , Dunkirk , and Huntingtown  have seen continued interest, with shorter days on market indicating a competitive environment for high-end homes. As inventory remains limited, competition for luxury properties is expected to persist into Q3, driving further activity in this segment. Moving forward, we anticipate sustained demand for luxury homes, especially in highly sought-after waterfront locations  and family-friendly communities . Both buyers and sellers should be prepared for a dynamic market with continued opportunities across the region. We hope this report has provided valuable insights to guide your real estate decisions. Should you have any questions or require further information, our team is here to assist. Whether you're exploring investment opportunities  or seeking your dream home in Southern Maryland , we are dedicated to helping you navigate this unique market with confidence. Thank you  for trusting us with your real estate needs, and we look forward to continuing to provide you with timely, actionable market insights.

Welcome to the Q2 2024 Market Report! This comprehensive review covers the key insights and data from the luxury real estate market across Maryland's Eastern Shore, including Talbot, Kent, and Queen Anne's counties. Known for its scenic beauty, historic charm, and access to the Chesapeake Bay, the Eastern Shore remains a desirable destination for high-end buyers seeking privacy, waterfront living, and spacious estates. Despite broader economic conditions, the luxury market in the Eastern Shore continued to show resilience and strength, with key shifts in buyer behavior, price trends, and days on market. This report includes community spotlights, luxury market trends, buyer insights, and a forecast for Q3 2024 to help you make informed decisions. Whether you're looking for a primary residence or a seasonal retreat, this report covers the critical data you need. Table of Contents Introduction and Market Overview Eastern Shore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Waterfront Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in the Eastern Shore of Maryland, focusing on luxury properties sold over $1 million  in Talbot, Kent, and Queen Anne's counties . Key Insights Covered: Market Performance:  Quarter-over-quarter comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights:  Deep dives into top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis:  Breakdown of notable luxury sales, including the top transactions, and what factors are driving premium prices. Buyer Insights:  A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data:  Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast:  Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. EASTERN SHORE Market Analysis The luxury real estate market on the Eastern Shore saw remarkable growth in Q2 2024, with the total number of transactions  rising by 62% year over year and the total sales value  increasing by over 65%. The average sales price  of luxury properties also experienced a modest increase, up 2.11% compared to Q2 2023. Additionally, homes in the luxury segment sold slightly faster, with the average days on market (DOM)  dropping by 4.49%. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 60 37 +62.16% Waterfront Transactions 49 30 +63.33% Total Sales Value $124,261,207 $75,050,073 +65.59% Average Sales Price $2,071,020 $2,028,034 +2.11% Price Per Square Foot $580.09 $506.33 +14.57% Days on Market (Average) 42.05 44.03 -4.49% Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights Easton  continues to be one of the most sought-after locations on the Eastern Shore. Known for its blend of historic charm and modern amenities, Easton offers a high quality of life that attracts both full-time residents and second-home buyers. The town is famous for its vibrant arts scene, boutique shopping, and excellent dining options, making it a cultural hub for the region. Easton also provides easy access to the Chesapeake Bay, allowing residents to enjoy boating, fishing, and waterfront living. Q2 2024 Key Metrics: Total Sales Value : $26,250,000 Average Sales Price : $2,187,500 Number of Transactions : 12 Average Days on Market : 56 Many buyers are drawn to Easton’s peaceful suburban atmosphere, which combines the best of small-town living with convenient access to larger cities like Washington, D.C., and Baltimore. Lifestyle Feature:  Living in Easton offers a unique mix of quiet, laid-back charm and access to some of the best cultural and recreational activities on the Eastern Shore. Residents enjoy the best of both worlds: a relaxed pace of life with nearby theaters, galleries, and historical landmarks, as well as opportunities for outdoor adventure with easy access to the Chesapeake Bay. Easton’s walkable downtown makes it easy to explore local cafes, artisanal shops, and farmers markets, giving residents a sense of community and belonging. Saint Michaels  is one of the most picturesque and desirable waterfront towns on Maryland's Eastern Shore. Steeped in history, this charming town is known for its colonial architecture, world-class marinas, and stunning waterfront views of the Chesapeake Bay. It offers a slower, relaxed pace of life, making it an attractive destination for retirees, second-home buyers, and those seeking a peaceful escape from city life. Q2 2024 Key Metrics: Total Sales Value: $19,697,707 Average Sales Price : $2,462,213 Number of Transactions : 8 Average Days on Market : 18 Lifestyle Feature:  Life in Saint Michaels  revolves around the water. Residents can enjoy sailing, fishing, and kayaking on the Bay, while land lovers appreciate the town's quaint streets, gourmet restaurants, and boutique shopping. The town is also a haven for history buffs and art lovers, with galleries, museums, and historical landmarks. Whether you’re exploring the local farmer's market or enjoying a sunset cruise, Saint Michaels offers a lifestyle that perfectly blends luxury, relaxation, and coastal charm. Chestertown  is a historic gem on the Eastern Shore, known for its preserved colonial architecture, waterfront charm, and vibrant community. Nestled along the Chester River, Chestertown attracts those looking for quiet, scenic living with a strong sense of history. The town’s rich cultural heritage, combined with its proximity to Washington, D.C., and Philadelphia, makes it an appealing destination for second-home buyers and retirees. Chestertown’s real estate market often draws buyers interested in waterfront homes and historic properties. The town's well-preserved streets and local events, such as the Chestertown Tea Party Festival, add to its unique appeal, blending historical significance with a close-knit community feel. Q2 2024 Key Metrics: Total Sales Value : $10,910,000 Average Sales Price : $1,558,571 Number of Transactions : 7 Average Days on Market : 32 Investment Insight:  Living in Chestertown  offers a quiet, riverfront lifestyle with a deep connection to history and nature. Residents enjoy the town's picturesque streets lined with colonial-era homes, local farmers markets, and waterfront parks. The Chester River is a hub for outdoor activities like sailing, kayaking, and fishing, providing endless recreational opportunities. Additionally, Chestertown's cultural scene is enriched by its local art galleries, historic landmarks, and regular festivals, making it a perfect blend of small-town charm and sophisticated living. Luxury Sales The luxury real estate market on the Eastern Shore was driven by a continued interest in waterfront properties and spacious estates. Several significant transactions were recorded in Q2 2024, with properties boasting large acreages, modern amenities, and exclusive access to the Chesapeake Bay commanding top prices. Among the highest sales were properties located in Talbot and Queen Anne's counties, with prices exceeding $5 million. Demand remained strong for homes offering modern finishes and eco-friendly features, particularly among high-net-worth individuals from nearby urban areas seeking seasonal or second homes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment The luxury market continues to grow, with top properties appreciating significantly year over year. Buyers are not just purchasing a home—they are investing in a lifestyle. Over the past two quarters, high-end properties have appreciated by an average of 3.6 % , making them a smart choice for long-term investment. Buyer Insights The buyer profile in the Eastern Shore  continues to favor high-net-worth individuals, with many seeking waterfront estates and historic properties. The market remains competitive, particularly for waterfront properties and homes in desirable towns like Easton, Saint Michaels, and Chestertown. Many of these buyers are either looking for second homes or planning for retirement, drawn to the region's blend of tranquility and coastal charm. Key Insights Buyer Demographics : Many buyers come from nearby metropolitan areas such as Washington, D.C., Philadelphia, and Baltimore. High-income professionals and retirees make up the majority of the buyers, looking for luxury homes with privacy, waterfront access, or historic significance. Property Preferences : Waterfront properties  are a top priority for buyers. Homes offering direct water access, private docks, and expansive views continue to command premium prices. Historic homes : In towns like Chestertown, buyers are attracted to well-preserved colonial and Victorian-era properties that offer both historical significance and modern luxury amenities. Turnkey homes : Buyers are increasingly seeking homes with modern finishes, energy-efficient features, and minimal required updates, particularly in the luxury segment. Financing Trends : Cash purchases  dominate the luxury segment as high-net-worth buyers look to take advantage of favorable market conditions. Financed purchases : More buyers in the mid-to-high-end market ($1M–$2M range) are leveraging low-interest financing options. Eco-Friendly and Sustainable Living There is a growing demand for luxury homes with eco-friendly features. Many buyers are prioritizing properties that incorporate energy-efficient systems, solar panels, and sustainable building materials, aligning with their environmental values without sacrificing luxury. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Continued Demand for Waterfront and Luxury Properties: The strong demand for waterfront properties and spacious estates is expected to continue throughout Q3 2024. High-net-worth buyers from Washington, D.C., Philadelphia, and Baltimore will continue to seek private, serene living environments, particularly in towns like Easton, Saint Michaels, and Chestertown. We anticipate a modest increase in the average price per square foot, especially for properties with premium waterfront access and modern amenities. Inventory Levels and Buyer Competition: Inventory levels in the luxury segment are expected to remain tight, particularly for high-end waterfront homes. This limited supply is likely to create increased competition among buyers, leading to sustained or slightly rising prices. Communities with a strong blend of waterfront and historic homes, such as Chestertown and Saint Michaels, may see properties selling faster as buyer demand grows. Impact of Interest Rates on Mid-Range Homes: Favorable interest rates may continue to drive the mid-range segment ($1M–$2M), particularly among buyers financing larger portions of their purchases. However, if interest rates rise toward the end of the quarter, demand could slow slightly in this bracket, with more buyers opting to move quickly on properties before rates increase further. Seasonal Buyer Activity: Q3 historically sees increased buyer activity as families finalize home purchases before the start of the school year. We expect to see a higher demand for family-friendly homes in Easton and other popular waterfront communities as summer vacation home buyers look to close deals before fall. Activity is also likely to spike with vacationers seeking second homes ahead of the holiday season. Exclusive Offerings for Buyers Private Consultations and Home Tours At our firm, we understand that every luxury buyer has unique preferences, whether it’s for waterfront estates, historic homes, or modern retreats. We offer private consultations  to help you find your dream property in the Eastern Shore region. Our tailored home tours are designed to match your specific needs and provide exclusive access to some of the most desirable properties across Easton, Saint Michaels, Chestertown, and beyond. Investment Opportunities For buyers seeking real estate as an investment, we provide comprehensive market analysis to help identify properties with the greatest potential for value appreciation. From waterfront estates with private docks to income-producing vacation rentals, we’ll help you capitalize on opportunities in this competitive market. Off-Market Properties Looking for something truly unique? Gain access to our network of off-market luxury listings . These properties are not publicly available and offer an exclusive opportunity for discerning buyers seeking privacy and seclusion. Waterfront Property Consultations We specialize in luxury waterfront properties across the Eastern Shore. Our team is highly experienced in the complexities of waterfront real estate, from understanding riparian rights to navigating regulations for private docks. Whether you're looking for a weekend retreat or a full-time residence with water access, we provide expert guidance tailored to your needs. As we wrap up this quarterly analysis of the Eastern Shore luxury real estate market , it’s clear that the region continues to attract high-net-worth buyers seeking both luxury and lifestyle. With consistent demand for waterfront properties, historic estates, and spacious homes, the market has shown strong performance, reflected in rising sales values and increased transaction volume. The substantial increase in both total sales value  and waterfront transactions  highlights the enduring appeal of the Eastern Shore, particularly for buyers looking for privacy and premium water access. The price per square foot  saw a healthy rise, reinforcing the value of homes in key communities like Easton, Saint Michaels, and Chestertown. As inventory remains tight, the competition for high-end properties is expected to continue into Q3, driving further interest in the luxury market. Moving forward, we anticipate sustained demand for luxury homes, especially in sought-after waterfront locations. Buyers and sellers should be prepared for a dynamic market, with opportunities continuing to emerge across the region. We hope this report has provided valuable insights to help guide your real estate decisions. Should you have any questions or require further information, our team is here to assist. Whether you're exploring investment opportunities or seeking your dream home on the Eastern Shore, we’re dedicated to helping you navigate this unique market with confidence. Thank you  for trusting us with your real estate needs, and we look forward to continuing to provide you with timely, actionable market insights.

Welcome to our quarterly real estate market report. This comprehensive review covers key insights and data from the Greater Baltimore region, which we are defining as Baltimore City, Baltimore County, and Howard County. Known for its mix of vibrant urban centers, historic neighborhoods, and sought-after suburban enclaves, the Greater Baltimore area offers a wide array of luxury living options. The market continues to evolve, with shifts in inventory, pricing trends, and buyer preferences. In this report, we delve into these dynamics while also featuring community spotlights, luxury market trends, buyer insights, and a quarterly forecast to give you a forward-looking perspective. Whether you're seeking a chic urban lifestyle or a sprawling suburban estate, this report provides everything you need to make informed decisions in the Greater Baltimore market. Table of Contents Introduction and Market Overview Greater Baltimore Market Analysis Key Metrics Community Spotlights Luxury Sales Buyer Insights Luxury Property Insights Quarterly Forecast (Q3 2024) What You’ll Find in This Report This report offers a deep dive into the real estate trends in Greater Baltimore, which we are defining as properties in Baltimore City, Baltimore County and Howard County worth over $1M. Key Insights Covered: Market Performance: Quarter-over-quarter and year-over-year comparisons on transactions, sales value, price per square foot (PPSF), and days on market. Community Spotlights: Deep dives into the top-performing neighborhoods, highlighting local trends, new developments, and buyer demand. Luxury Market Analysis: Breakdown of notable luxury sales, including the top sales, and what factors are driving premium prices. Buyer Insights: A closer look at who is buying, including demographic data, preferences for waterfront vs. non-waterfront properties, and shifts in cash vs. financed purchases. Visual Data: Graphs and charts to make key data points accessible, such as trends in inventory, average sale price growth, and notable sales over time. Quarterly Forecast: Expert predictions for the next quarter based on current data, interest rate trends, and inventory projections. Greater baltimore Market Analysis The luxury market in Greater Baltimore is robust, with rising transaction volume and sales value, while pricing remains relatively stable. The faster pace of sales and higher price per square foot underscores the desirability of luxury properties, especially those offering unique amenities and prime locations. Buyers in this market are acting swiftly, and competition remains strong for high-end homes. Key Metrics Metric Q2 2024 Q2 2023 % Change Year Over Year Total Transactions 237 208 +13.94% Total Sales Value $322,094,776 $286,035,267 +12.61% Average Sales Price $1,359,050 $1,375,170 -0.01% Price Per Square Foot $344.43 $322.48 +6.81% Days on Market (Average) 26 32 -18.75% luxury Lifestyle Feature The data paints a picture of a luxury market with strong demand, relatively stable pricing, and periodic fluctuations in inventory and DOM. The increase in inventory, combined with stable median prices and robust transaction volumes, suggests that while competition is high, there is still enough supply to satisfy buyer demand. However, the recent spike in DOM should be monitored, as it may indicate a temporary slowdown or buyer hesitation in certain luxury price brackets. Buyers in the market are largely using conventional financing, with a notable percentage of cash buyers, suggesting that the luxury market is fueled by affluent individuals and families looking for long-term investments in desirable neighborhoods. For sellers, this is an opportune time to list, especially as inventory continues to climb. Curious what your waterfront property is worth? We do private consultations regularly and happy to do one for you as well. They don't always mean you're interested in selling. You can use our valuations to help with estate planning, financial forecasting or just for your own information. Community Spotlights The luxury market in Maple Lawn continues to thrive, with impressive sales and swift transaction times reflecting the strong demand for homes in this premier community. These figures highlight Maple Lawn’s status as a competitive and desirable location for high-end buyers. Q2 2024 Key Metrics: Total Sales Value : $11,361,115 Average Sales Price : $1,262,346 Number of Transactions : 9 Average Days on Market : 20 Lifestyle Feature:  Maple Lawn offers a balanced lifestyle, combining modern convenience with a village-like atmosphere. Its walkable design includes parks, walking trails, and green spaces, while a vibrant business district offers dining, shopping, and essential services. Residents enjoy top-tier amenities like a clubhouse, swimming pools, tennis courts, and fitness centers, as well as year-round community events that foster a strong sense of belonging. Maple Lawn is ideal for those seeking suburban living with urban conveniences, perfect for families, professionals, and retirees. The Ruxton community continues to demonstrate its appeal to high-end buyers, as reflected by strong market performance in the second quarter of 2024. With an average sales price nearing $1.8 million, Ruxton remains one of the most exclusive and sought-after neighborhoods in Baltimore County. The limited number of transactions (7) indicates the exclusivity and low inventory typical of this area, where properties are highly prized and rarely stay on the market for long. Q2 2024 Key Metrics: Total Sales Value: $12,529,396 Average Sales Price : $1,789,913 Number of Transactions : 7 Average Days on Market : 35 Lifestyle Feature:  Known for its tree-lined streets and spacious, private estates, Ruxton provides a peaceful suburban retreat while still being conveniently close to Towson and Baltimore City. The area is prized for its top-rated schools, lush landscapes, and close-knit community feel, attracting families and professionals seeking privacy, space, and easy access to amenities. Its mix of classic architecture and exclusive living creates an unmatched, refined suburban atmosphere. Village of River Hill is a master-planned village with access to top-rated schools, parks, and recreational facilities, including miles of walking trails and green spaces that integrate seamlessly with the area's natural surroundings. The Village of River Hill continues to perform exceptionally well in Howard County’s luxury market, with impressive key metrics for the second quarter of 2024: Q2 2024 Key Metrics: Total Sales Value : $7,104,500 Average Sales Price : $1,184,083 Number of Transactions : 6 Average Days on Market : 3 lifestyle Insight:  The nearby village center provides essential services, dining, and shopping options, making daily life both convenient and enjoyable. Luxury Sales The luxury market in Greater Baltimore saw significant activity in Q2 2024 , with demand for large estates driving the top sales . Conversely, the highest-priced transaction was a condo at the Four Seasons in Harbor East, selling for $3.85M. Several other properties sold quickly in this competitive segment, particularly those with exquisite finishes. Top 10 Luxury Sales this quarter Luxury Real Estate as an Investment Greater Baltimore’s luxury market continues to offer strong investment opportunities, with properties appreciating steadily and seeing swift movement. High-end homes in sought-after areas like Ruxton, Clarksville, and the Inner Harbor often sell quickly, reflecting high demand. The diversity of property types—from historic estates to modern waterfront condos—provides a wide range of options for luxury buyers. Whether seeking suburban peace or urban sophistication, buyers are investing in both lifestyle and long-term value in this competitive market. Buyer Insights The buyer profile in Greater Baltimore  reflects a mix of high-net-worth individuals and professionals seeking both primary residences and investment properties. The market remains highly competitive, especially in suburban areas like Ruxton and Clarksville, as well as urban locations such as Baltimore’s Inner Harbor. The demand for privacy, spacious lots, and access to modern amenities is driving much of the activity in Q2 2024. Key Insights Buyer Demographics : Many buyers are moving from nearby areas such as Washington, D.C., and northern Virginia, with a significant number of professionals, families, and retirees seeking high-end homes. The luxury market attracts a mix of those looking for suburban estates or chic urban residences in Baltimore City. Property Preferences : Suburban estates and privacy : Large, private lots in areas like Ruxton and Clarksville remain highly sought after, particularly among families and retirees who value space and tranquility. Urban luxury : High-end condos and townhomes in the Inner Harbor continue to draw buyers seeking a cosmopolitan lifestyle with waterfront views and proximity to cultural hubs. Modern amenities : Homes with turnkey, updated finishes are in high demand, especially in suburban areas where buyers are looking for convenience and luxury. Cash purchases : The upper end of the market is dominated by cash buyers, many of whom are looking for both primary residences and investment properties. Financed purchases : Mid-to-high-end buyers in the $1M-$2M range continue to take advantage of favorable mortgage rates, particularly in the suburban segments of Baltimore County and Howard County. Eco-friendly and sustainable living: The demand for eco-friendly homes is growing in Greater Baltimore, especially among luxury buyers. New construction properties with energy-efficient features, solar panels, and sustainable materials are becoming more popular as environmentally conscious buyers seek homes that combine luxury with sustainability. Quarterly Forecast (Q3 2024) Market Outlook for Q3 2024 Continued Demand for Suburban and Luxury Properties: The demand for luxury properties in Greater Baltimore is expected to remain strong throughout Q3 2024. High-net-worth buyers from Washington, D.C., and northern Virginia will likely continue to seek larger, more private residences in suburban communities like Ruxton and Clarksville. Urban buyers, on the other hand, will keep driving interest in high-end condos and townhomes in Baltimore’s Inner Harbor. We anticipate a slight increase in the average price per square foot for luxury homes, particularly in these highly desirable areas. Stable Inventory Levels with Increased Competition: Inventory in the luxury market is expected to remain limited, especially in sought-after neighborhoods. The tight inventory will likely lead to more competitive bidding, which could drive prices up slightly. Homes in premier communities like Towson, Ellicott City, and Columbia are expected to see increased buyer activity, with properties moving quickly once listed. Impact of Interest Rates on the Mid-Range Market: Favorable interest rates should continue to support the mid-range segment ($1M-$2M), especially in suburban parts of Baltimore County and Howard County. However, any potential rise in rates toward the end of Q3 could slightly dampen demand in this segment, particularly among first-time luxury buyers or those financing larger portions of their purchase. Seasonal Buyer Activity: Q3 traditionally sees a boost in buyer activity, especially from families looking to settle before the start of the school year. Suburban communities like Clarksville and Reisterstown, known for their excellent school systems and family-friendly environments, may see higher-than-usual demand. Expect an uptick in activity during the summer months as buyers aim to secure their homes before fall. Exclusive Offerings for Buyers Private Consultations and Home Tours Interested in finding your perfect Baltimore area estate? Schedule a private consultation  with us for a tailored home tour or to discuss investment opportunities. We offer exclusive access to some of the most desirable properties in the region. As we conclude this quarterly analysis of the Greater Baltimore luxury real estate market, it is clear that the region continues to appeal to high-end buyers seeking a blend of luxury and lifestyle. With strong demand for suburban estates and urban luxury properties, Greater Baltimore has maintained solid sales figures, even in the face of broader economic fluctuations. The rising prices in both listed and sold luxury homes demonstrate the ongoing desirability of this market. Key trends such as quick turnover times and increased competition among buyers underscore the competitiveness of the luxury segment. Looking ahead, the market is expected to remain strong as we move toward the final quarter of the year. Buyers and sellers should be prepared for sustained demand, particularly in neighborhoods offering spacious estates, modern amenities, and proximity to urban conveniences. Our forecast indicates that interest in Greater Baltimore’s luxury properties will remain high, driven by low inventory and lifestyle-focused purchases. We recommend that buyers and sellers stay attuned to these market trends and work with knowledgeable real estate professionals to navigate the opportunities in this dynamic market. We hope this report has provided valuable insights to assist in your real estate decisions. If you have any questions or need further guidance, our team is always here to help. Thank you for trusting us with your real estate needs, and we look forward to providing you with continued market expertise and support.