Price change alert ..

33 CRESCENT SHORES Rd SWANTON, MD 21561 courtesy of Redfin.com.

Original List Price: May 16, 2008, $624,900
Recent List Price: December 3, 2008, $459,900
New List Price: January 13, 2009, $449,000
Purchase Price: January 2005: $340,000 (still some room to lower the current price).

Now priced at 72% of original list price from May 2008. Of course as most of my knowledgeable readers know the initial price and the actual value may be two completely different things so this still doesn't necessarily mean the price is right here but it's one way to filter through the volumes of listed properties. Then you really dig in, do your homework and see what makes sense. If anything though it may point to a desperate seller which is exactly where you want to look if you are looking for the right price especially when others are likely inflating list prices knowing in advance that buyers are driving tough bargains in this market.

Based on the popularity of these list price updates I think I'm going to make this a regular addition to the blog. Stay tuned for more unfiltered Deep Creek real estate news and updates right here at Dan's Deep Creek Blog. Any property in the immediate Deep Creek area that shows up on Redfin with a total price reduction of at least $50,000 or at least 10% I'll post here for my readers. If you are specifically looking for deeply discounted properties just check back now and then and click on the recent price changes link at the top of the page for the latest rundown. Likewise, these updates will provide readers with a sense of the current trends in the market that have largely been ignored in the market updates given by local real estate agents.

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