Friday, July 2, 2010

Garrett County Real Estate Sales by Year Since 1999 ..

Source: MAR

The table shows a big move up in the middle of the decade before the recent plunge leaving 2009 total sales dollar volume below the level of 2001, thus making Deep Creek real estate an ill-liquid asset to some and an ill-liquid liability to others. In a few weeks, data for the first half of 2010 will be available, but through May it seems 2010 isn't much different from 2009--or from 2001 in terms of total transaction dollars.

When time permits, I'll put together a similar table to show growth of short sales and foreclosures as total dollar volume of sales declined. Then we can track these distressed sales as a fraction of the total market and objectively determine if market conditions are improving or deteriorating. Stay tuned.

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

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