Greetings from Deep Creek Lake-Market Stats-Events
We’re still catching leaves here at the lake while waiting for our first snow. Not that I’m rushing it along, but once it turns cold it might as well turn white, too! Now is a fine time to bust out the skis or snowboard and have them waxed and tuned for the 2015/16 season.
Wisp will open just as soon as conditions permit. As I was driving by today, I noticed them tweaking the snow making equipment; now we’re just waiting for optimal temperatures to crank them on. There’s always an excitement for locals the first night the trail lights and snow guns are going strong. Oh, and if you’re looking for someone else to prepare your family’s Thanksgiving meal so everyone can spend their time enjoying one another rather than spending all day in the kitchen, give Wisp a call and they will do it for you!
I’ve been looking at some sales statistics lately and thought I would share. These are coming straight from our MLS (MRIS). Our average sales price in the DCL area for 2015 YTD is $446,252 and the average days on the market is 183 days. The attachment provides greater detail on these 147 residential sales in the lake area from 2015. You will see on page 5 that the average list to sale price ratio is 93.09%, up from 92%.
| Status: SOLD (147) | |||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Acres | Lot Sqft | Yr Built | ||
| Min | $81,700 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1939 | |
| Max | $1,525,000 | 9 | 8 | 7 | 2 | 924 | 2,714 | 60.52 | 2,636,251 | 2012 | |
| Avg | $446,252 | 4 | 3 | 3 | 1 | 183 | 254 | 1.49 | 65,060 | 1991 | |
The next two graphics illustrate the data from September 2015. Our market continues to improve and balance out.
| Statistic | Sep | YoY | MoM |
| Total Sold Dollar Volume | 15,555,899 | up16.3% | up29.4% |
| Closed Sales | 47 | up17.5% | +17.5% |
| Median Sold Price | $218,500 | down4.4% | -3.7% |
| Average Sold Price | $330,977 | down1% | +10.2% |
| Median Days on Market | 80 days | down7% | +48.2% |
| Average Days on Market | 172 days | up6.2% | +16.2% |
| Median Price per Sq Foot | $183 | up17.3% | +33.6% |
| Average Price per Sq Foot | $205 | up15.8% | + |
New to the market is an easy-to-maintain home in the town of Oakland for $129,000. We have also seen price improvements on a Ski Harbor lakefront townhome, a Marsh Hill Road lakefront log home, a Mountainside lake view log home and a 2+ acre home site close to Wisp. http://mrislistings.mris.com/DE.asp?ID=65666146213
And this link will take you to our other featured properties, which can also be previewed at any time at www.DeepCreekLakeProperty.com.
Below are a few upcoming events. The Festival of Trees is held over Thanksgiving at the Fairgrounds Exhibit Hall. Attractions include Breakfast with Santa, Silent Auction, Craft Tables, Face Painting and more. Take home your favorite tree by participating in the Live Auction held Saturday at 6:00PM.
Looking ahead…New Year’s Even isn’t that far away. And consider shopping local for Christmas. Pick up some gifts at HART’s Pick of the Litter store and support their mission.
New Year’s Eve Casino Night & Silent Auction at Dutch’s!
December 31, 2015
6:00 – 11:30 PM
SHOP ● DONATE ● VOLUNTEER AT PICK OF THE LITTER!
There’s always something new at Pick of the Litter! Come visit and see for yourself –all proceeds help support our mission of saving the lives of homeless animals….and the completion of our adoption wing!
Fridays 10 am – 6 pm
Saturdays 10 am – 5 pm
Sundays Noon – 5 pm
24457 Garrett Highway, in McHenry Plaza, McHenry, MD
240.442.5370
Have a wonderful week and never hesitate to reach out to us with any questions!.
