Good news to report! 2016 has been a banner year thus far as we end the summer season and officially transition into fall. The Garrett County real estate market was on fire to start the year – the best start in nearly 5 years. After compiling the sales statistics through 9/15/16, it looks like we maintained that momentum and it should carry us to an even better 4th quarter of 2016 and close out possibly the best year we have had since circa 2008.
Our average sales price is up 6% over the same period last year (1-1-16–>9-15-16). Plus, we are up overall in sales 17% over last year! There have been 48 additional homes that have sold thus far – thats almost 2 full months of sales in a normal year! The only slight negative is that the days on market rose slightly, by about one month extra of market time. Homes are selling for closer to asking price, as well.
I’ll let the statistics speak for themselves:
Download 2015 Detailed Stats here.
Download 2016 Detailed Stats here.
Other key metrics that show a vastly improving real estate climate:
If you are interested in buying or selling real estate in Garrett County, give me a call to discuss your real estate situation!