“There are three kinds of lies: lies, damned lies, and statistics.” – Mark Twain
My name is Jay Ferguson and I am one of the owners of the real estate division of Taylor Made Deep Creek Vacations & Sales. I am entering my 19th year in the real estate business here in Garrett County and at Deep Creek Lake.If you are interested, you can click here find out more about me personally and my background.
I will be writing a monthly blog post about our local real estate market, sharing & interpreting statistics and offering some insights into the market as a whole…as I see it. These are my personal thoughts and musings about the market in general and are not intended as anything more specific. And, to be clear, I am an optimistic, glass half-full kind of guy.
Lastly, every stat I reference is based on the official stats published by Bright MLS on or around the 15th of each month. My plan is to give you straightforward stats coupled with my analysis from the front lines and let you interpret what you read in your own way.
August 2019 – We finished the month with 69 new listings, down from 71 new listings in July. The biggest news I report on below is the massive jump in median sales price. It rose 59.2% to $306,500! I think more lakefront sales (higher overall sales price) play the biggest part here in determining this stat. More positive news – interest rates dropped again this week and that should pave the way for more buyers who just cannot pass up the opportunity to purchase a primary home or even a weekend getaway and pay historically low interest rates. The leaves are starting to change and showing signs of fall, but the stats below show that the summer of 2019 at DCL is still going strong! Continue reading “September 2019 Real Estate Rundown By Jay Ferguson”