There were a total of 29 residential sales in the month of December in Garrett County and at Deep Creek Lake. This pace is slightly ahead of last year (27 sales – Dec 2008).
This is certainly debatable, but 12 of these sales appear to vacation homes or 2nd homes, while the majority are primary residential. This certainly makes a difference in pricing strategies, specifically demand-based pricing.
The average list vs. ORIGINAL sales price is 84.49% (up slightly from November), though the ADJUSTED list vs. sales price is 90.96% of asking price (almost identical to November).
The current number of active/for sale residential listings is 602. 23 of these homes are under contract.
Here are the statistical breakdowns:
If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350