>February 2011 Real Estate Market Update
>
-
1 ‘newer’ homes sold in February (5 years old or less)
- It appears that 5 or so of these sales were vacation homes
-
7 homes sold under $300,000 (last month was 8)
-
7 (same) homes sold under $400,000
-
1 house sold over $ 1million (1 last month)
-
0 homes sold for higher than full price (last month was 1)
-
One house sold for 70% of asking price
-
The oldest home that sold was 111 yrs old
-
The average age of the homes that sold was 36 years (25 last month)
-
1 condo/townhouse properties sold (3 last month)
Here are the statistical breakdowns:
Average Sale Price: $309,667 (last month $398,779)
Average Days on Market: 301/407 (last month 316/345) (days on market with current broker/total days on market)
We’re already at 7 closed sales through today, so March should shape up to be better than February! Enjoy the sunshine 🙂
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.
Posted on 03/15/2011 in market update, real estate sales