Friday, May 6, 2011

Friday's Deep Creek Price Change Spotlight

Another twist this week in the Deep Creek Price Change Spotlight, as 126 HIGH ROCK Ln comes back to the market as a foreclosure. After selling for $600,000 in 2007, the property was originally listed in 2009 and then re-listed last year as a potential short sale. A host of price changes later, the list price is all the way down to $474,900 as the bank tries to unload the property and lock in their losses. Assuming the property sells at list price, that's another example of a 20% decline in market value over the last 4 years.

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

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