real estate for sale – Page 19 – Jay's Real Estate Blog

Top 10 metros with largest drop in for-sale inventory in July

Asking prices rise 2.6 percent nationwide

By Inman News

Editor’s note: These numbers come from Realtor.com’s July 2012 Real Estate Trend Data Report. The report covers 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops.

The number of for-sale real estate listings continued to drop on an annual basis in July, falling 19.3 percent from July 2011 to a total of 1.87 million listings nationwide, according to Realtor.com data through July 2012. This trend, along with a 2.6 percent year-over-year median list price increase last month to $194,900, points to some stability in the nascent housing recovery that’s slowly settled in this year….

…

Metros with greatest year-over-year list price increases (July 2011 to July 2012)

Percent change
Santa Barbara-Santa Maria-Lompoc, Calif. 31.5%
Phoenix-Mesa, Ariz. 27.7%
Boise City, Idaho 16.8%
San Francisco 15%
San Jose, Calif. 13.8%
Seattle-Bellevue-Everett, Wash. 13.5%
Reno, Nev. 13.1%
West Palm Beach-Boca Raton, Fla. 12.6%
Washington, D.C.-Md.-Va.-W.Va.(D.C.) 12.2%

More here.

—

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 —

—

Search Homes/Lots for Sale

Back on the market! $149,900 282 Greenfield Ln GA

282 GREENFIELD LN
SWANTON, MD 21561

New roof! Updated 3BR/2BA home on nearly 2 acres of land with a small stream in the back yard, overlooking pasture land. 3 garage stalls – 1 attached & 2 stalls in a detached garage offer plenty of storage. Other features: cedar siding, native stone, fireplace, 2nd living room, several heating sources, newer kitchen cabinets & flooring. 3 parcels sold together. Deep Creek Lake is around the corner

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

Listing # GA7572396
$149,900

More here.

—

877-563-5350 – toll free —

—

Search Homes/Lots for Sale

BACK ON THE MARKET! 630 PARADISE RIDGE RD – GA7844475 – $299,900

After quickly going under contract, the buyers could not obtain financing for this home and its back on the market. One of the best priced log homes on the market, with incredible views of Deep Creek Lake & the surrounding mountains, lake access and an attached 2 car garage. EXCEPTIONAL condition and very well maintained! More details here.

—

877-563-5350 – toll free —

—

Search Homes/Lots for Sale

Lakefront Buys Available In All Price Ranges

Lakefront property hasn’t been this affordable since 2004! (email me for stats) Here is part of a post I recently put on the Railey Realty blog:

Lakefront prices haven’t been this low for quite some time and there are some really great deals out there right now for any price range. Visit my website (i♥DeepCreek.com) or email me (deepcreeklaker@gmail.com) for more info on any of these Railey Realty listings!

$139,000 – Fractional properties at Creekside

Fractional ownership has its advantages – being on the lake for $139k in one of the nicest lakefront townhome communities at Deep Creek Lake, Creekside, is one of them! Another advantage is the sweet Bennington pontoon boat they just purchased for owner usage – you pay only for the gas! It’s not a timeshare; they work much differently and you actually own a deeded 1/8 share. They are professionally managed, incredibly well appointed, and now you can ‘swap’ time at other locations throughout the year, including Wisp Ski Resort, several locations in North Carolina and even Costa Rica. More photos here.

$189,000 – Unit 108B Will o’ the Wisp

A Deep Creek Lake legend – Will o’ the Wisp condominiums. A lakefront condo that is close proximity (~ 1/4 mile) to the Creamery, the Honi-Honi bar, Garrett 8 Cinema’s and Arrowhead Deli & Grocery. First floor units are coveted because they walk directly out to the water, a sandy beach and your deep water dock slip. The hotel has a lakeside restaurant onsite, indoor pool, hot tub, fitness center, laundry facilities, outdoor swimming area and even an arcade. And they are income-producing! Front desk management and hotel staff make overnight & weekly rentals a breeze. More photos here.

$299,900 – #3 Ski Harbor Dr

I’m a huge Ski Harbor fan. That’s the first community I ever invested in at DCL, and one of the biggest reasons was the location & amenities. There’s over 1,700 ft of lakefront – more than virtually any other condo/townhouse community. It’s surrounded by no-wake zones on both sides of a peninsula, meaning quiet and calm waters to kayak, fish or swim. Your dock slip just outside your door, and the best seat in the house for the 4th of July fireworks just across the water at Wisp. Add an indoor pool, tennis court & beach volleyball – a great combination of amenities! More photos here.

$350,000 – 519 Hazelhurst Rd

2 bedroom lakefront cottage at Hazelhurst. You won’t find a better lot in this price range with 2BR cottage already in place & a newer 2 car garage to park your boat and store your toys.

Mature trees offer plenty of shade and you have wide views of the lake on 50 feet of frontage. The Type A dock allows 2 power boats – most other homes in this range only have one boat slip available. And Hazelhurst is a great community to live in on the lake, tucked away on the southern shores of Deep Creek. More photos here.

$554,900 – 755 Rock Lodge Rd

Want to be closer to the action? This 3BR cottage on Rock Lodge has 1.59 acres of land and a whopping 228 feet of water front. This home is close to the Wisp Ski Resort and Deep Creek Lake State Park, as well as activities and restaurants. It was originally built in 1937 and upgraded over the years. It features solid wood beams and wood stove in the living room. It also has a Type A dock, deep water and great views of the northern areas of the lake. You can watch boats passing by all day from your yard or your deck. More photos here.

$595,000 – 6 WALTON WAY ROAD, #3

Lakefront property with a newer home – Waltons Landing offers a quality home built by Nemith Builders. Built in 2008, this is a 3 level chalet and is decked out w/ custom granite, ceramic tile, hardwood floors and modern kitchen finishes. Lakefront area offers a 5-slip common dock & a ‘no wake’ cove. This property is in the heart of McHenry and is a very short distance to Ledo’s pizza, McHenry Beverage Shoppe, and Funland. Wisp is just around the corner. Excellent potential to rent as a vacation home! More photos here.

More here.

—

877-563-5350 – toll free —

—

Search Homes/Lots for Sale

New Listing! 66 Alan Fike Rd – 60 acres farm -$399,900 – GA7847548

66 ALAN FIKE RD
FRIENDSVILLE, MD 21531

Country living at its finest! This remodeled farm home is an ideal second residence or working farm. Stocked trout stream (Mill Run), & a 2nd stream are within a stones throw – enjoy the sounds of flowing water throughout the property.. 50×25 barn, 3 car garage, and 60+ AC of pasture & wooded acreage sure to please any sportsman. A scenic walk to Mill Run recreation area & Yough Lake boat launch.

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

Listing # GA7847548
$399,900

877-563-5350 – toll free

Search real estate for sale at Deep Creek Lake & Garrett County

Just Listed – 630 Paradise Rdige Rd – GA7844475 – $299,900

Immaculate Mountaineer log home in Paradise Ridge community. Well maintained inside/out, owner pride is evident. Tongue and groove wood walls, beamed ceilings and loft – spacious master suite. 2 car attached garage, level lawn & unique views from the property – you will never get tired of the mountains & water views this property offers! One of the best lake access areas at Deep Creek Lake!

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

Listing # GA7844475
$299,900

Search real estate for sale at Deep Creek Lake & Garrett County

877-563-5350 – toll free

April 2012 Real Estate Market Update – Residential

24 properties sold in April 2012, up 4 from last month. Last year there were 21 homes that sold in April, so we beat last year’s number, as well.

Let’s take a look at the rest of the stats:

There are 49 homes under contract right now (44 last month).

The average list vs. ORIGINAL sales price was 82.25% – (last month 77.80%).

The ADJUSTED list vs sale price was 89.13 (last month 90.58%).

The current # of active/for sale listings in MRIS (minus timeshares) is 636, up from last months 591. There are about 20 properties coming on the market each week this time of the year. We have a 26.5 month supply of homes available (minus timeshares) based solely on the April sales numbers.

Random observations:

•3 ‘newer’ homes sold in April (5 years old or less)

•It appears that 19 or so of these sales were vacation homes

•12 homes sold at/under $300,000 (last month was 11)

•15 homes sold under $400,000 (last month 15)

•0 homes sold over $ 1 million (0 last month)

•1 home(s) sold for higher than full price or at full price (last month was 3)

•One house sold for 52.63% of asking price – 15 Maybury Ln

•The oldest home that sold was 128 yrs old (4743 Old Morgantown Rd)

•The average age of the homes that sold was 32 years (24 last month)

•2 condo/townhouse/fractional properties sold (6 last month)

Here are the statistical breakdowns:

Average Sale Price: $318,094 (last month $293,150)

Average Days on Market: 298/435 (last month 272/297) (days on market with current broker/total days on market) – this number took a HUGE jump this month, as there were 2 homes that sold after being on the market for 1,211 and 1,546 days, respectively.

There are still some great deals out there, and some that aren’t so great – I can help you figure out which properties are good buys & why – call/email me for a free consultation of any properties you are interested in!

Search real estate for sale at Deep Creek Lake & Garrett County

877-563-5350 – toll free

Lakefront vacation rental home for sale!

22181 GARRETT HWY #H
MC HENRY, MD 21541

EVERYTHING you want in a Deep Creek Lake vacation home can be found ‘At Lake’s Edge’. Stunning lakefront views from virtually every room in the house. Picturesque waterfront, deep water & dock slip. Impressive rental history, nearly the highest you’ll find in this price range. Lakeside decks, hot tub, 6BR 5.5BA, well appointed & virtually turn-key. A rare combination of the best DCL has to offer!

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

Listing # GA7784842
$965,000

Subdivision: LAKEWOOD VILLAGE
Bedroom(s): 6
Bathroom(s): 5 Full, 1 Half
Year Built: 1999
Levels: 3
Approx Finished Sq Ft: 3,204

877-563-5350 – toll free

Just Listed: 123 Antler Dr – Yough Mountain Resort – GA7784294 – $179,999

123 ANTLER DR
OAKLAND, MD 21550

The perfect weekend getaway! Situated just inside gated Youghiogheny Mtn Resort, this .99 acre (2 lots) is the perfect blend of convenience and privacy. Tastefully appointed & a cozy, yet spacious floor plan. 1 car detached garage, fully fenced back yard and circular driveway. Enjoy quiet moments on the front or back porch, or find some excitement on the many ATV & snowmobile trails nearby!

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

Listing # GA7784294

$179,999

Subdivision: PINEY MOUNTAIN CORP

877-563-5350 – toll free

Best buy at Wisp Resort: 375 Sandy Shores – $475,000- GA7344944

375 SANDY SHORES RD
MC HENRY, MD 21541

MOUNTAINEER LOG CHALET ON 2.78 ACRES WITH VIEWS OF DEEP CREEK LAKE, THE 219 BRIDGE AND THE SURROUNDING MOUNTAINS. LARGE, OPEN KITCHEN/LIVING/DINING AREA WITH CATHEDRAL CEILINGS AND ACCESS TO SPACIOUS SOUTH-FACING DECK. EXTRA LARGE RECREATION ROOM, HALF BATH AND TANDEM GARAGE ON LOWER LEVEL. MAIN LEVEL BEDROOM. SPACIOUS LOFT W/ MASTER BDR, BATH AND SITTING AREA. PRIVACY PLUS VIEWS! RECENTLY REMODELED KITCHEN & BATHROOMS – UPGRADED VANITIES, GRANITE COUNTER TOPS & CABINETS. PUBLIC SEWER NEARBY FOR EXPANSION, IF DESIRED. WALK TO LODESTONE GOLF COURSE ACROSS THE STREET! ASCI WHITEWATER RAFTING & WISP SKI RESORT ~1 MILE AWAY. SIMILAR LOTS PRICE IN THE $300K RANGE!

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

Listing # GA7344944 – $475,000

877-563-5350 – toll free

Category: real estate for sale

Top 10 metros with largest drop in for-sale inventory in July

Back on the market! $149,900 282 Greenfield Ln GA

BACK ON THE MARKET! 630 PARADISE RIDGE RD – GA7844475 – $299,900

Lakefront Buys Available In All Price Ranges

New Listing! 66 Alan Fike Rd – 60 acres farm -$399,900 – GA7847548

Just Listed – 630 Paradise Rdige Rd – GA7844475 – $299,900

April 2012 Real Estate Market Update – Residential

Lakefront vacation rental home for sale!

Just Listed: 123 Antler Dr – Yough Mountain Resort – GA7784294 – $179,999

Best buy at Wisp Resort: 375 Sandy Shores – $475,000- GA7344944

My Location

Deep Creek Media

Stay Connected