24 properties sold in April 2012, up 4 from last month. Last year there were 21 homes that sold in April, so we beat last year’s number, as well.
Let’s take a look at the rest of the stats:
There are 49 homes under contract right now (44 last month).
The average list vs. ORIGINAL sales price was 82.25% – (last month 77.80%).
The ADJUSTED list vs sale price was 89.13 (last month 90.58%).
The current # of active/for sale listings in MRIS (minus timeshares) is 636, up from last months 591. There are about 20 properties coming on the market each week this time of the year. We have a 26.5 month supply of homes available (minus timeshares) based solely on the April sales numbers.
Random observations:
•3 ‘newer’ homes sold in April (5 years old or less)
•It appears that 19 or so of these sales were vacation homes
•12 homes sold at/under $300,000 (last month was 11)
•15 homes sold under $400,000 (last month 15)
•0 homes sold over $ 1 million (0 last month)
•1 home(s) sold for higher than full price or at full price (last month was 3)
•One house sold for 52.63% of asking price – 15 Maybury Ln
•The oldest home that sold was 128 yrs old (4743 Old Morgantown Rd)
•The average age of the homes that sold was 32 years (24 last month)
•2 condo/townhouse/fractional properties sold (6 last month)
Here are the statistical breakdowns:
Average Sale Price: $318,094 (last month $293,150)
Average Days on Market: 298/435 (last month 272/297) (days on market with current broker/total days on market) – this number took a HUGE jump this month, as there were 2 homes that sold after being on the market for 1,211 and 1,546 days, respectively.
There are still some great deals out there, and some that aren’t so great – I can help you figure out which properties are good buys & why – call/email me for a free consultation of any properties you are interested in!
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Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
