November 2009 Market Update – Deep Creek Lake Garrett County Maryland
There were 22 residential sales in the month of November in Garrett County. 12 of those sales would be considered ‘Deep Creek Lake area’ or ‘Vacation Homes’, and the rest would be considered as primary residential. The average list vs. ORIGINAL sales price is 83%, though the ADJUSTED list vs. sales price is 90% of asking price. In other words, as people test the waters and make price adjustments, the more reliable number is the adjusted asking price, as they have responded to the feedback of the market with price reductions, etc.
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
