Old Punxsutawney Phil said 6 more weeks of winter. He might be right this time, because someone has been shaking the snow globe here at the lake. We have had over 80+ inches for this winter!
Deep Creek Real estate Buyers tip
Low housing inventories begin to put the sellers in the driver’s seat. When the right property comes along, be prepared to make a decision fast. A good agent will be able to help you with preparation and finding the right house. Contact one of our agents today to get that process started.
Deep Creek Real Estate Sellers Tip
The slower market time is when you prepare your home for the Spring market. Buyers with cabin fever will start to kick tires when the snow melts. Get the repairs done that have been nagging at you all winter. If you need advice on how to get your home ready, call us at 301-387-4700. We will gladly help you make the right choices.
Deep Creek Real Estate Market update
Our listing inventory is the lowest it has been in more than 8 years. We don’t need a groundhog to tell us that we are looking at a very hot spring market. There are currently 314 homes available in Garrett County and more than half of them are lake area homes. Of the 26 homes that sold in the past 30 days, 13 were lake area homes with an average of 160 days on the market and average sales price of $383,000.
While this summer was hot on the lake front, only three lake front properties closed last month; two of which were condos. When the inventory is low, the buyers get busy. If you are thinking about selling, now is the time to talk to an agent and prepare your home for the spring market.
Give us a call at 301-387-4700 for any of your real estate needs.
Be sure to ask about our negotiable commission rates!