Category:deep creek lake
March Real Estate Update - Deep Creek Lake & Garrett County. MD
The warm weather of March helped to improve the residential real estate market at Garrett County and Deep Creek Lake! There were a total of 16 sales (versus 14 for the same period last year). The stronger spring I spoke of last month has started to take shape. There are 44 contracts compared to last months 33.
7 of the 16 sales were considered Deep Creek Lake area properties, the rest appear to be primary residential.
The average list vs. ORIGINAL sales price was 69.5%, down 10% from last month. The biggest part of this number is the high listing numbers that sellers start with. I blogged about this last month, and it’s a national trend that is very real – EVERYTHING has adjusted in price. It’s a tough pill to swallow, but homes are not worth what they were 2-3 years ago. That’s a HUGE reason why some properties won’t sell – they are overpriced.
The ADJUSTED list vs sale price is 90% – up from last month. Once the market reacts and adjusts to prices & competition, the Realtors who assist in pricing property can adjust the asking price of properties for sellers who are willing & able to react. This number is a very telling stat – it shows that we are starting to narrow in on the price points for the local real estate market.
The current number of active/for sale residential listings is 605 as of today. This is up from last month (575) and will continue to grow as the spring and summer continue. Slowly but surely, our absorption rates are normalizing.
Here are the statistical breakdowns:
Average Sale Price: $404,031 (last month)$309,200
Average Days on Market: 220/275 (last month 164/296) (days on market with current broker/total days on market)
If you are thinking of 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! 877-563-5350
US Second-Home Sales Soar as Fractional Market Slumps
New research from the National Association of Realtors (NAR) shows vacation-home sales in the US rose 7.9% to 553,000 in 2009. Although well off the market peak of 1,067,000 sales in 2006, this represents the first time in three years the US vacation-home market has seen a lift.
Although the median sales price for vacation homes has increased to $169,000, up from $150,000 in 2008, this “may reflect increased sales in higher priced markets, particularly in areas of Florida and California where prices became highly attractive for buyers over the past year”, according to NAR chief economist Lawrence Yun.
Read the rest of the article here.
If you are thinking of 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! 877-563-5350
Exploring Deep Creek Lake: Stockslager Road Area
My son Noah and I were exploring the Stockslager Area of Deep Creek Lake the other day. We were hiking along the old railroad path – the railroad was used to transport workers to and from their homes and the dam each day during construction. I actually found out later in the day that my great grandfather Sanders helped to remove the tracks at the completion of the project 🙂 We came to the fence that blocks off the Dam and Noah didn’t seem to understand why he couldn’t keep going – he wanted to move the fence to keep walking. There is a small stream there that feeds into little cove of the lake that I had never noticed before. We saw a few geese and started our hike back. We met Mr. Bill – a Stockslager resident who stopped to visit with his dog, Rags, while walking the trail. Very friendly guy, and the best part – a Redskin fan! I think there are actually 15 of us in Garrett County now 🙂 We ended up taking some photos of Brushy Hollow, another stream that flows from the back of the mountain into the lake. If you haven’t seen it, Stockslager is one of the unique places around the lake to hike and take in some sights – it is one of only a few places that has a lakefront hiking trail – thanks to the railroad path!
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
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| From Stockslager Road Area – Deep Creek Dam, Brushy Hollow, Sandy Beach, Penelacres |
If you are thinking of 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! 877-563-5350
GC Commissioners Approve Four New Water/Sewer Master Plan Amendments
The Garrett County commissioners on Tuesday unanimously approved the inclusion of four new amendments to the Garrett County Water and Sewer Master Plan. They pertain to the Overlook Ridge subdivision, Thayerville Public Water System, and Mountain Lake Water System.
Following a public hearing on the amendments, the commissioners signed a resolution to include the additions in the master plan. No members of the general public voiced their support for or objection to the amendments at the hearing.
Garrett County Public Utilities director Linda Lindsey said Pete’s Drive LLC, developer of the Overlook Ridge at Deep Creek Lake Condominium Subdivision, plans to construct a private water system to serve dwellings in that development. The community will consist of 8 family dwellings, 6 duplex units, and 16 townhouses for a total of 36 dwelling units.
The project will be constructed in three phases, which will begin with the single family homes.
The proposed water system will consist of two production wells, a raw water line from the wells to the control building, and potable distribution lines and appurtenances within the development.
Lindsey noted that the system will include three 2,500 gallon fiberglass storage tanks, and the total estimated daily withdrawal at full build-out is 9,450 gallons per day.
Construction, operation, and maintenance will be borne by the developer, and operation and maintenance of the system will be financed by the condominium association through its annual budget.
The project is located within the Thayerville Water Service Area, which was created last June. Upon completion of the proposed public water system that will serve that area, the Overlook Ridge development will be required to connect to the public system and abandon the private supply.
Overlook Ridge developers also plan to construct a sewage collection system. This project will be completed in two phases and will include sewer lines, a 9,000 gallon emergency holding tank, and a sewage grinder pumping station.
The cost of constructing this infrastructure will also be borne by the developer. Operation and maintenance of the on-site system will be financed by the condominium association through its annual budget.
Sewage treatment will be provided at the Deep Creek Lake Wastewater Treatment Plant, Lindsey noted.
The third amendment provides for the inclusion of the Thayerville Public Water System into the master plan. On Jan. 19, the commissioners awarded a contract to Rummel, Klepper & Kahl, which will provide design and construction phase engineering services.
The county has applied for financial assistance through the Maryland Department of Environment for the proposed system. For the purpose of the funding application, the total project cost – which includes administrative, engineering, construction, land, rights of way, and contingencies –was estimated at $11,229,000.
Read the rest of the article here.
If you are thinking of 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! 877-563-5350
Western Maryland - north, south, west, but not east?
Frederick N. Rasmussen talks about the age old debate of whether Maryland is Northern or Southern in the Baltimore Sun. I got a kick out of the following about Western Maryland:
“Maryland is in many ways three states in one – all below the Mason-Dixon line, to be sure. Residents of far off Western Maryland, closer to Pittsburgh than Baltimore, tend to follow those professional sports teams. I remember being at Deep Creek Lake in the early 1980s trying to find a Baltimore newspaper and instead being confronted with stacks of Pittsburgh papers.”
Read the rest of the article here.
It’s true that most here tend to cheer more for the Pittsburgh Steelers, Penguins, & Pirates, though there are some of us who share our love of Pittsburgh sports with at least one other ‘Maryland’ team – my weakness is the Washington Redskins 🙂 So the way I look at it, my two favorite football teams have 9 Super Bowls between them! I have come to think of my teams as the Steelskins:
If you are thinking of 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! 877-563-5350
Carmel Cove Inn mentioned in Washington Post as best travel deal
A blurb from the Washington Post mentioned Deep Creek Lake & Carmel Cove as the best travel bargain on land:
— Carmel Cove Inn, on Western Maryland’s Deep Creek Lake, is offering 25 percent off weekend rates (two-night minimum) and 35 percent off weekdays. With the Spring Getaway Special, deluxe double rooms are $146 on weekends and $114 on weekdays; rate is usually $175. Add 11 percent in taxes. Valid through April. The lodge-style inn has a fishing and swimming dock, canoes, tennis, billiards and bicycles. Guest rooms come with fireplaces and whirlpool baths. Info: 301-387-0067, http://www.carmelcoveinn.com.
If you are thinking of 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! 877-563-5350
What a difference 2 weeks makes - Stockslager Area Deep Creek Lake
A few weeks ago, I took these pics of the Stockslager Rd area as the lake level was lowered (because of flooding risks) and there was still ice and snow everywhere. Well, today I went back and saw just how much the lake has risen in just a few short weeks:
If you are thinking of 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! 877-563-5350
Deep Creek Stream-River - exploring Garrett County & Deep Creek Lake
I just listed a lakefront house on Stockslager Rd today, and on the way back, I wanted to snap a few shots of the bridge that crosses Deep Creek. Not the Deep Creek Lake bridge, but the small little stream/river/creek that is the namesake of Deep Creek Lake. I plan on exploring more this summer, but I wanted to share some of the cool photos that I got today. It’s tough to see the water as the trees are all grown up and it’s very wooded, but you can see that it’s there. This is the stream that pickups the runoff from the Deep Creek Dam and dumps that water into the Youghiogheny River. You’ll notice the smaller steel bridge that used to be there, as well. The trees have grown up through it. Stay tuned – I hope to hike the stream down to the Yough and report back here ina few weeks when the leaves are out in full bloom. Enjoy!
Maryland Housing Market Questions Answered - call Jay Ferguson!
I am always happy to discuss the Garrett County & Deep Creek Lake real estate market with you, should you ever have any questions. Think of me as your real estate consultant – there is never any obligation and I am happy to offer any real estate advice to you, your friends, your family or your co-workers. I am a licensed Maryland REALTOR and have 10 years of experience in our local market.
Work Progressing On Garrett County Trade/Exhibit Hall
Work Progressing On Garrett County Trade/Exhibit Hall
Mar. 18, 2010
Now that spring-like weather is finally here, work can continue on the 30,000-square-foot Trade Center/Exhibit Hall at the Garrett County Fairgrounds in McHenry. A ground-breaking ceremony was held in September, signaling the formal start of the construction.
Following a lengthy planning and bid process, Callas Construction of Hagerstown was awarded the contract valued at $2.9 million.
The building is designed to accommodate a wide range of events, including commercial exhibits, entertainment acts, school and civic related functions, weddings, fundraisers, auctions, and more.
The building includes office space and a commercial kitchen in addition to a platform for performing groups. The facility is projected to accommodate seating for 4,000+ people.
Shelley Missimer of Lakeside Architecture Inc. is serving as the principal designer for the project.
Read the rest of the article here.
If you are thinking of 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! 877-563-5350
