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Is the Deep Cove market finally slowing?


Blog by Patricia Houlihan - Personal Real Estate Corporation | July 9th, 2008


Well, it is hard to believe that after several years of continuing new price highs, Deep Cove is slowing right as this paradise becomes more beautiful.  After a weekend of alternating oceans swims and reading on the deck while looking out at the view, I don't know why people would not be willing to pay even more to live here now than they have in the past.

However, as you can see from the for sale signs, homes are not selling as fast as they have been and the chart below shows that while we have reached historic high levels in prices, we may now be moving down.  Prices haven't suffered too much yet; however it is likely we will see greater reductions over the next few months.  If you would like to discuss your particular property, or how this shift may affect pricing of Cove homes, please contact me.

 

1977 - June 08 Average Price Graph