Jay Ferguson – Real Estate Market Update July 9

Jay Ferguson – Real Estate Market Update March 17 (Deep Creek Lake, MD)

What an amazing 4th of July weekend! Celebrating America on Independence Day is always my favorite holiday of the year. Showing homes on a holiday weekend is always challenging, working around the crowds & traffic, rental availability, and navigating tight schedules. I had several clients looking over the weekend, and I was able to get a few houses on the market just in time for the influx of visitors. Here’s what else caught my eye:

Notable activity over the last week or so:

$2,050,000 lakefront home at Harveys Peninsula sold
Coming soon – $1.1 million lakefront home at Turkey Neck
3 Lodestone area homes (same builder) all withdrawn from the market – odd?
Price drop on 413 D St (remodeled) in Mt Lake Park to $259,900
Lakefront home on Marsh Hill sold for $897k – that’s the lowest price I have seen in a while
A lakefront home on White Oak Drive closed for $975k – it could have sold for $100k higher, really nice property
Lastly, price reductions GALORE, several Blakeslee homes under $1 million, and a few instant contracts onwell-pricedd homes

25+ years of experience analyzing market trends and honest assessments of real estate values – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)

295 active residential listings on the market (up from 282)
59 under contract/pending (up from 54 last report)
25 total home sales closed in June, so far, 8 closed sales in July.

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