Jay Ferguson – Real Estate Market Update October 17

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

It’s like the REAL summer market just showed up. This is what I was expecting and hoping for all summer long. Activity. Lots of it. The flood gates opened with rates dropping and a ton of inventory (with fresh price reductions), and buyers are now locking up properties left and right. We had a fantastic weekend for Autumn Glory, and there were a TON of people in town to celebrate. The next few weeks are typically the last gasp of visitors & activity until the Wisp opens up, but who knows what surprises are in store. Docks are coming out of the water, leaves are dropping… just like our inventory. Finally! I have a few big closings coming up and perhaps a surprise with an INDUSTRIAL property that I have been working hard on for the last 4 months or so. It’s not very often you see that kind of sale in Garrett County. I am proud to be involved – it’s something the county desperately needs! Stay tuned!

Curious about the market? Just Call Jay – 301-501-0420!

Notable activity over the last week or so:
10 new listings (up from 11), 20 price reductions (up from 9), 11 off market (down from 14) over the last 7 days
3BR, 3BA lake access home in Mountainside closed for $420,000
23 homes under contract are under $300k (up from 18), 50 homes $300k-$1 million (down from 55), 17 homes over $1 million (up from 12)
Fun fact: 62 homes still available in GC priced over $1 million
700+/- sf commercial space in downtown Oakland – ask Jay
2BR 2BA condo at Traders Landing sold for $326k
52 waterfront properties actively for sale (up from 49)
54 water access, lake view, dockslip homes for sale (down from 59)
165 lots/land for sale (down from 187), 18 of which are under contract (up from 17)

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
234 active residential listings on the market (down from 242 last report)
89 under contract/pending (up from 85 last report)
25 total home sales have closed in October so far

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