Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Thursday, June 16, 2011

May 2011 Land Sales - Market Update



9 lot/land sales in Garrett County in May 2011. Financing for lots is difficult to find nowadays, certainly with less than 30-50% down. That, coupled with the huge supply of homes available, continues to affect lot/land prices.

There are currently 602 lot/land listings in Garrett County. There have been 32 sales so far this year, so we are a little over 5 sales on average per month.

Here's a quick look at the May sales:

.62 acre building lot on S 8th St in Oakland (commercial or residential zoning) sold for $3,000 - asking price was $5,000.

6.5 acres on Sand Flat Rd at Moss Creek - sold for $25,000. Many lots in this subdivision recently dropped asking prices in half, and then sold for a little more than half of that price.

3 lots sold in the Pleasant Valley subdivision of Swan Meadow - $70,000 each for 10 acres.

69 acres on Sanders Lane (near Herrington Manor) sold for $155,000

Lot 26 at North Camp (Wisp ski front community) sold for $250,000

If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.

877-563-5350 Questions about ANY listed property? I can help! Call me!


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