"Well and Improving Daily" ..

is a phrase I read (and immediately questioned) in reference to the Deep Creek real estate market back in April of this year. Well I thought it was about time to check in on this "well and improving daily" market and see how things are going some three months later. To do this I surfed on over to the "sold gallery" of a local real estate firm and documented the first page of properties from this gallery. I am assuming these are their most recent sales but I could be wrong. The image below is of the Excel spreadsheet I compiled and as you see all eight properties sold below list with the weighted average markdown being nearly 12%.

If this is "well and improving daily" I'd hate to see a "bad" market. With large inventories, some distressed sellers, even some foreclosures in the area and deteriorating sale price to list price ratios I'd certainly advise buyers to take their time and shop around with the idea that list prices appear to be running significantly above sold prices. If you are in the market and you see a property you like but think it is out of your range just knock 10-15% off the price and you might just find yourself a deal.

Don't forget to check back to Dan's Deep Creek Blog for future updates.