Deep Dip Days On Market

Private Docks

12

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What is really interesting, actually puzzling, is that both NO and YES properties have median DOMs that are more than 2 to 3 times higher than other properties in their respective price range. Maybe dock owners value a dock more than buyers do.

This slide compares waterfront properties with Private Docks vs. waterfront properties without docks. Note, there is no breakdown by salt water vs. fresh water. Here we see again the phenomenon where the assumed more desirable properties (with a private dock) have a HIGHER Median Days On Market (29) than the (19) of the assumed less desirable properties with NO dock.