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>April 2010 Residential Real Estate Sales – Market Update

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April has come and gone and left behind another month of real estate sales in Garrett County & at Deep Creek Lake. There were 21 total sales, down one from last month and up 4 sales from April 2010.

I’ve been warning for months that the inventory is coming…and here it is. There are now 701 available properties on the market. I recall one day getting an update of 17 new homes – I believe last Monday. That number is up 103 from last month. Not surprising, as this is the time of year people like to start looking for their summer purchase. Homes show better in the warmer weather & the fresh landscaping/green grass helps a lot. The large portion of those ‘new’ listings are re-listed homes that didn’t sell last year.

Let’s take a look at the stats:

There are 43 homes under contract (38 last month).

The average list vs. ORIGINAL sales price was 81.62%, down from last month (83.51%).

The ADJUSTED list vs sale price was 87.31%, down from last month (89.63%).

The current # of active/for sale listings in MRIS (minus timeshares) is 703, up from last months 598. We have a 33 month supply of homes available (minus timeshares) based solely on the April sales numbers. This number is up from last month’s 27 mont supply.

Random observations:

•4 ‘newer’ home sold in March (5 years old or less)

•It appears that 11 or so of these sales were vacation homes

•14 homes sold under $300,000 (last month was 15)

•15 homes sold under $400,000

•2 homes sold over $ 1 million (same as last month)

•0 homes sold for higher than full price or at full price (last month was 4)

•One house sold for 52.63% of asking price – 139 Frederick Circle

•The oldest home that sold was 93 yrs old

•The average age of the homes that sold was 28 years (37 last month)

•3 condo/townhouse properties sold (3 last month)

Here are the statistical breakdowns:

Average Sale Price: $320,310 (last month $297,427)

Average Days on Market: 273/378 (last month 205/290) (days on market with current broker/total days on market)

Here’s a little something extra – more in depth stats by price range, from our friends at RBIntel.

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>MDA, DNR Working To Protect Hemlock Stand At Swallow Falls

>

‘Like’ on Facebook!

Support the Republican Newspaper! It’s only $9.95/year for the online edition!

May. 12, 2011

Maryland Deputy Secretary of Agriculture Mary Ellen Setting yesterday joined forest health inspectors from state and federal departments of agriculture, the Maryland Park Service, and the Maryland Conservation Corps (MCC) members to begin proactively treating the state’s premier hemlock stand at Swallow Falls State Park to protect the trees from the devastating impact of the hemlock woolly adelgid (HWA).
The HWA is a small exotic insect native to Japan, discovered in Virginia in 1951, that has slowly spread along the east coast of the United States resulting in hemlock decline and death. In addition to enhanced surveillance, Maryland Department of Agriculture (MDA), the park service, and MCC started proactively treating thousands of hemlocks with soil and tree insecticide injections with the goal to ultimately treat 100 percent of the hemlocks in the state park. According to an MDA spokesperson, they will concentrate on first treating the old growth area and entrance to the park and then treat the remaining hemlocks there. This program could take up to five years to complete. The injection suppression technique complements the biocontrol release of predator insects currently underway, which is showing great promise in Maryland, the spokesperson said.

“I am pleased to witness firsthand the steadfast efforts that Maryland is taking to stop the spread of the hemlock woolly adelgid and the damage it causes to our region’s important hemlock trees and associated ecosystems,” said MDA Deputy Secretary Setting. “Together with our state, federal, and academic partners, we are finding innovative ways to protect the environment for generations to come and to help keep Maryland smart, green and growing.”

“The virgin hemlocks of Swallow Falls State Park are a natural mecca for 250,000 visitors annually,” said DNR Secretary John Griffin. “We are committed to working in partnership with the MDA to protect this special place, as well as other important hemlock stands throughout Maryland’s public lands.”

“The Maryland Park Service has mobilized all 50 of its MCC members to support the week-long HWA suppression effort at Swallow Falls State Park,” said Maryland Park Service Superintendent Nita Settina. “MCC members will be literally walking in the footsteps of their predecessors, the Civilian Conservation Corps, which encamped at Swallow Falls State Park on May 14, 1934. Today, MCC members will be working to save the same trees that 77 years ago inspired a generation that restored Maryland’s natural resources and built many of its state parks.”

Read the full article here.

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>Price reduced! 561 Humberson Rd – farmette – trout stream – GA7482918

>



561 HUMBERSON RD
FRIENDSVILLE, MD 21531

Renovated ‘farmette’ on Buffalo Run trout stream, offering several outbuildings & 30×20 two story barn with 5 horse stalls & plenty of fenced pastures. Breathtaking setting: 5+ acres of privacy, a 3 car detached garage, koi pond, mtn. spring, pavilion w/stone fireplace & grassy lawn. Enjoy the day in your modern 3/4BR farm house w/ wrap-around porch, updated bathrooms, wiring, heating & plumbing!

Contact Jay Ferguson @ 301-501-0420 or DeepCreekLaker@Gmail.com for more information or to setup a private showing for this property.

Listing # GA7482918
$385,000

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>The LAST remaining snow in Garrett County & Wisp

>I had been keeping tabs from my office window, watch & waiting – this last little bit of snow disappeared over the weekend. Winter is officially OVER 🙂

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>The LAST remaining snow in Garrett County & Wisp

>I had been keeping tabs from my office window, watch & waiting – this last little bit of snow disappeared over the weekend. Winter is officially OVER 🙂

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>Community Athletic and Recreation Center (CARC) update

>Some photos I took last week of the progress at Garrett College on the Community Athletic & Recreation Center – it’s BIG!!



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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>Community Athletic and Recreation Center (CARC) update

>Some photos I took last week of the progress at Garrett College on the Community Athletic & Recreation Center – it’s BIG!!



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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>State battles woolly pest to save evergreens

>Crews inject pesticide, cultivate beetles to protect hemlocks

By Timothy B. Wheeler, The Baltimore Sun

11:31 p.m. EDT, May 11, 2011
OAKLAND —— Survivors for more than three centuries, the towering hemlocks in Swallow Falls State Park are a remnant of the primeval forests that once blanketed much of Maryland before European settlers arrived.

But after evading loggers’ saws, storms and fires through the years, these evergreens now face a new threat — the hemlock woolly adelgid. A tiny insect from Japan no bigger than a pencil point, it coats hemlock twigs with a snowy waxy substance and slowly sucks the life out of the tree.

Nature Determined to save the largest stand of virgin forest left in Maryland, a small army of state workers and volunteers fanned out Wednesday in the Garrett County park in a bid to hold at bay this exotic pest, which has devastated hemlock stands elsewhere in Maryland and throughout the East.

“Hemlock woods are just a special place,” said Biff Thompson, a forest technician with the Maryland Department of Agriculture overseeing the effort. Their sheltering boughs cool the ground and water around them, he explained, and they’re home to upwards of 900 different species of insects, flies and other organisms. “There’s just a richness of life.”

Read the full article here.

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>State battles woolly pest to save evergreens

>Crews inject pesticide, cultivate beetles to protect hemlocks

By Timothy B. Wheeler, The Baltimore Sun

11:31 p.m. EDT, May 11, 2011
OAKLAND —— Survivors for more than three centuries, the towering hemlocks in Swallow Falls State Park are a remnant of the primeval forests that once blanketed much of Maryland before European settlers arrived.

But after evading loggers’ saws, storms and fires through the years, these evergreens now face a new threat — the hemlock woolly adelgid. A tiny insect from Japan no bigger than a pencil point, it coats hemlock twigs with a snowy waxy substance and slowly sucks the life out of the tree.

Nature Determined to save the largest stand of virgin forest left in Maryland, a small army of state workers and volunteers fanned out Wednesday in the Garrett County park in a bid to hold at bay this exotic pest, which has devastated hemlock stands elsewhere in Maryland and throughout the East.

“Hemlock woods are just a special place,” said Biff Thompson, a forest technician with the Maryland Department of Agriculture overseeing the effort. Their sheltering boughs cool the ground and water around them, he explained, and they’re home to upwards of 900 different species of insects, flies and other organisms. “There’s just a richness of life.”

Read the full article here.

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!

>Vacation Reality Show Seeks Contestants

>You — and 19 of your closest family members and friends — could score a free group vacation at Deep Creek Lake in Western Maryland.

The only requirement? That your vacation (and any drama that arises thereof) could be viewed by millions of television viewers.

Sign us up!

Producers of a new PBS reality show called “Getting Away Together” are looking for a group of friends and/or family to spend six days on vacation. According to the official website:

The show aims to highlight “the rapidly growing trend of sharing a vacation with friends and family. From girlfriend getaways to family reunions and milestone celebrations, the series shows diverse groups of real travelers vacationing together in some of the most fascinating destinations and staying at spectacular vacation rental properties across America.”

Read the full article here.

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!
Visit the ‘I Love Deep Creek & Garrett County group’ on Facebook! News, events, photos, real estate, community, info, more! 1,750+ members & growing!