Backs to Garrett State Forest! 15.43 acres with a ~30×60 pole building in coveted Youghiogheny Mountain Resort. Community has over 2,400 acres and over 50 miles of ATV, snowmobile and hiking trails. Private access, mostly wooded but not too remote – 4G cell service at property. Electric close by. Plenty of storage for all of your outdoor vehicles, campers, etc. The perfect getaway!
| Property Type: Vacation Home | ||
| 5 | 3 Full/1 Half | |
| 65,776 Sq. Ft. | 2,576 (approx) | 2012 |
| 3 | ||
| CALL SCHOOL BOARD | ||
| Bathrooms | |||
| 3 | 1 | ||
August 13, 2012 (Chris Moore)
Monthly sales of existing single-family homes and condominiums fell in Maryland during June as a shrinking housing inventory left buyers with fewer choices according to the latest housing data from the Maryland Association of Realtors® (MAR).
An estimated total of 5,122 existing single-family homes and condos were sold in the Old Line State in June. That was 3.9 percent lower than the 5,328 homes sold in May but was still 3.5 percent higher than the 4,949 homes sold in June 2011.
The median sales price for an existing home in Maryland increased by 1.0 percent in June to $261,772, up from $259,207 in May and was 7.8 percent higher than the median price of $242,796 in June of last year.
Of the 24 counties and cities that provide data for the monthly report, thirteen reported gains in home sales or were unchanged over the previous year with Talbot County (+68.2 percent) reporting the largest increase of counties with over 20 sales while Garrett County (-20.0 percent) posted the largest monthly decline in sales.
More here.
— 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!
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!
>By Lucia Mutikani
WASHINGTON | Tue Jun 21, 2011 2:22pm EDT
WASHINGTON (Reuters) – Sales of previously owned U.S. homes hit a six-month low in May and supply rose, pointing to a housing market still struggling to regain its footing.
The National Association of Realtors said on Tuesday that sales slipped 3.8 percent month over month to an annual rate of 4.81 million units, the lowest since November.
It was the second straight month of declines. The drop was smaller than economists had expected, but the April sales figure was revised lower, leaving a report that was largely in line with expectations in financial markets.
While the fall in sales last month was partly due to tornadoes and flooding, with sales in the Midwest and South hit the hardest, it underscored fundamental weakness.
If you or someone you know is considering 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! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.
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