Real estate market looking up at Deep Creek Lake

 

Real estate market looking up at Deep Creek Lake. YES, this statment is proving to be true!  There have been 17 residential sales thus far in 2010, with sales prices ranging anywhere from $80,000-825,000.  On top of that, there are 32 additional residential properties that are under contract or pending sale with asking prices of  $42,900-2,250,000.  This is potentially 49 sales for the 1st quarter of 2010.  Nothing to shrug off considering the low consumer confidence we’ve seen over the last 18 months.

For comparison, there were 18 home sales during the same time last year ( 1/1/09-3/1/09), 32 sales in 2008, 49 sales in 2007 and 67 sales in 2006.  Our average list price to sales price ratio is still 91%, which is considerably good when looking at the nation’s averages.  (Source for # of units sold: Metropolitan Regional Information Systems, MRIS)

Deep Creek Lake’s real estate source

 

Posted on 03/01/2010 in Betsy Spiker Holcomb Real Estate, Deep Creek Lake Real Estate, Taylor Made Vacations & Sales # Betsy Spiker Holcomb real estate, Deep Creek, Deep Creek Lake, deep creek lake maryland, deep creek lake maryland real estate, Deep Creek Lake Real Estate, Deep Creek Lake Realty, deep creek real estate, Deep Creek Realty, Golf Real Estate, maryland real estate, Meet Bob Holcomb-Taylor-Made Real Estate-Deep Creek Lake, real estate information, Real estate market looking up at Deep Creek Lake, real estate tips, Taylor Made Real Estate, Taylor Made Vacations & Sales, wisp real estate, Wisp Resort, wisp resort real estate