Let's take a look at the rest of the stats:
There are 64 homes under contract right now (56 last month).
The average list vs. ORIGINAL sales price was 88.25% - UP a whopping 6.5% from last month (81.77%).
The ADJUSTED list vs sale price was 91.58%, up more than 3% from last month (88.28%).
The current # of active/for sale listings in MRIS (minus timeshares) is 810, up from last months 780. We have a 33.75 month supply of homes available (minus timeshares) based solely on the July sales numbers. This number is up from last month's 31 month supply.
Random observations:
•3 'newer' homes sold in July (5 years old or less)
•It appears that 17 or so of these sales were vacation homes
•13 homes sold under $300,000 (last month was 13)
•13 homes sold under $400,000
•2 homes sold over $ 1 million (5 homes last month)
•2 homes sold for higher than full price or at full price (last month was 2)
•One house sold for 68.92% of asking price - 122 Sand Spring Rd
•The oldest home that sold was 74 yrs old
•The average age of the homes that sold was 23 years (23 last month)
•5 condo/townhouse properties sold (1 last month)
Here are the statistical breakdowns:
Average Sale Price: $404,750 (last month $495,235)
Average Days on Market: 163/190 (last month 185/246) (days on market with current broker/total days on market)
More in depth stats by price range, from our friends at RBIntel. These stats are updated daily, not monthly and include timeshares. So, our numbers will differ slightly.
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!
877-563-5350 - toll free
No comments:
Post a Comment