Real Estate for Sale - Railey Realty - 137 Parkside North Ct
Remarks You’ve got to see this beautiful 5 bdrm, 4 bath log home. Large walls of windows offer amazing views of Deep Creek Lake. Stone fireplace, hardwood floors, cathedral beamed ceilings and more. Comes with all the amenities Deep Creek Highlands has to offer, like lake access, community pool and tennis courts. Boat Slip available for an additional $75,000. Call today for your personal tour!
Listed by Jon Bell & Railey Realty.
$949,900
Swallow Falls State Park - Video
Md. lawmakers warn of larger classrooms, Medicaid cuts
Associated Press Thu Jan 13, 2011, 07:43 AM EST
— ANNAPOLIS — Legislative leaders warned Wednesday that Maryland’s $1.6 billion budget shortfall could lead to larger K-12 classroom sizes and higher college tuition costs, as well as cuts to health care providers and environmental programs.
But Senate President Thomas V. Mike Miller and House Speaker Michael Busch said they have to wait until they see Gov. Martin O’Malley’s budget proposal later this month before knowing what sorts of tax increases — if any — might gain traction this year.
The legislators issued their warnings as the Maryland General Assembly began its 90-day session.
O’Malley has said he plans to close the budget gap with a range of painful spending cuts — not tax increases. However the governor says his budget will only be the start of a dialogue, and he’s keeping an open mind on tax proposals.
See our e-Edition for the rest of this story
Krugman's Straw-Man Market System
Lots of bits relating to Garrett County in here, which I thought was unique. The author is a teacher at Frostburg:
Economics / Economic Theory
Jan 12, 2011 – 12:21 PM
By: William_Anderson
A friend of mine a decade ago was looking to do doctoral work in economics, and one of the places where he inquired was his state’s flagship university. But he decided not to seek his doctorate at that particular place after he spoke to someone who was just about to defend his economics dissertation there.
This soon-to-be PhD, it seems, was not familiar with the term “opportunity cost.” (He was specializing in so-called macroeconomics, which tends to embrace every Keynesian fallacy and a few extras, so perhaps it should surprise no one that this person was not familiar with concepts of scarcity: Keynesians believe that governments create wealth by fiat.)
I recount this story after reading a recent post by Paul Krugman on his New York Times blog, in which he claims that free markets are responsible for the bad food in Great Britain and the lack of central heating in Mexico City. He writes,….
Travellers urged to seek out adventures in Maryland
A little bit of love for Garrett County…from the UK 🙂
12 Jan 2011
Holidaymakers who will be visiting the state of Maryland in the US over the coming months have been encouraged to seek out some of the region’s outdoor activities.
According to the Maryland Office of Tourism, the area around Deep Creek Lake in Garrett County is a ‘focal point’ for winter recreation in the western part of the state.
One location worth visiting in the area is Wisp, a resort that boasts attractions such as the Mountain Coaster, which is described as a ‘hybrid of an Alpine slide and a rollercoaster’.
Visitors can also visit state parks such as Herrington Manor, New Germany and Swallow Falls to explore outdoor trails and take in the scenery.
Read the full article here.
December 2010 Real Estate Market Update - Sales Stats
-
4 ‘newer’ homes sold in December (less than 5 years old)
- It appears that 20 or so of these sales were vacation homes
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22 homes sold under $300,000 (last month was 13)
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25 homes sold under $400,000
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After last month’s zero, 3 houses sold over $1million
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3 homes sold for full price (one for 102% of asking price – multiple offers, I believe)
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One house sold for 57% of asking price
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2 – 111 year old homes sold – one in Oakland & one in Friendsville
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The average age of the homes that sold was 34 years
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Another Wisp Hotel unit sold, this time for $51,000
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4 condo’s/townhouse properties sold, (3 last month)
Here are the statistical breakdowns:
Average Sale Price: $327,687 (last month $293,264)
Average Days on Market: 207/270 (last month 244/281) (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
Market for Vacation Homes Is on the Rise
From the WSJ.com:
By S. MITRA KALITA
Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.
On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with 2006 volume there. Sales on Hilton Head Island, S.C., rose 14% for the year. Palm Beach, Fla., experienced a 40% annual increase and a 54% increase in homes under contract, indicating an especially strong fourth quarter. Palm Beach sales volume now is comparable to its 2007 peak. These figures were gleaned by brokers in each locale.
“The proverbial train has left the station,” said Ned Monell, an agent with Sotheby’s International Realty in Palm Beach. “We haven’t felt energy like this in a long time. Buyers sense that they’ve been on the sidelines long enough.”
The question now is whether the momentum will last. The strength of second-home sales paints a stark contrast to the overall housing market, which is expected to worsen in 2011.
Just listed - Lot 8 Paradise Estates - Dock - BIG view potential
Lake Access Lot with Boat Slip and Paid Sewer Tap. One acre of peace and quiet overlooking Deep Creek Lake. Walk to your dock slip. Close to all Deep Creek Lake activities. No HOA fees. Potential for BIG views based on home design. Lot 8 Paradise Estates.
Listing # GA7506013
$149,000
Winter Storm Watch up for Significant Accumulations Tues-Wed
http://garrettcountyweather.com
Winter Storm Watch
URGENT – WINTER WEATHER MESSAGE
NATIONAL WEATHER SERVICE PITTSBURGH PA
236 PM EST SUN JAN 9 2011
…SIGNIFICANT ACCUMULATIONS OF SNOW EXPECTED TUESDAY INTO WEDNESDAY…
.A LOW WILL TRACK NORTHEAST UP THE OHIO VALLEY MONDAY
NIGHT…CROSSING WESTERN PENNSYLVANIA TUESDAY. AT THE SAME TIME ANOTHER
LOW WILL DEVELOP FURTHER EAST AND MOVE UP THE EAST COAST. THE LOWS
WILL CONSOLIDATE INTO AN EAST COAST SYSTEM WEDNESDAY…WITH A
NORTHWEST FLOW PROVIDING LAKE EFFECT ENHANCEMENT ACROSS THE REGION.
…WINTER STORM WATCH IN EFFECT FROM TUESDAY MORNING THROUGH
WEDNESDAY EVENING…
THE NATIONAL WEATHER SERVICE IN PITTSBURGH HAS ISSUED A WINTER
STORM WATCH…WHICH IS IN EFFECT FROM TUESDAY MORNING THROUGH
WEDNESDAY EVENING.
* ACCUMULATION: POTENTIAL EXISTS FOR 6 OR MORE INCHES OF SNOWFALL.
* TIMING: TUESDAY MORNING THROUGH WEDNESDAY EVENING.
* IMPACTS: SNOW COVERED ROADS.
* VISIBILITIES: BELOW A MILE AT TIMES.
PRECAUTIONARY/PREPAREDNESS ACTIONS…
A WINTER STORM WATCH MEANS THERE IS A POTENTIAL FOR SIGNIFICANT
SNOW…SLEET…OR ICE ACCUMULATIONS THAT MAY IMPACT TRAVEL.
CONTINUE TO MONITOR THE LATEST FORECASTS. REPORT YOUR SNOWFALL
ACCUMULATIONS TO THE NATIONAL WEATHER SERVICE BY CALLING TOLL
FREE…1-877-633-6772.
Yough River Watershed Board Votes To Support Gas Drilling Moratorium
Support the Republican Newspaper! It’s only $9.95/year for the online edition!
Jan. 6, 2011
The Youghiogheny River Watershed Association board, at its monthly meeting on Tuesday, unanimously adopted a position supporting a moratorium on Marcellus gas drilling in Maryland “until additional information is obtained and actions have been taken,” according to board chair James “Smokey” Stanton.
Stanton said that the board members believe there is “insufficient information about the impact of Marcellus drilling, and believe development of this resource should be delayed.”
He said that their concerns are “on several fronts,” including the effect that the practice may have on air quality, ground water quality, surface water, water appropriations, transport, discharge, and disposal of fracking water, geologic information, and adoption of state and local regulations including, but not limited to, bonding, permitting, and monitoring.
He said that the board believes baseline information must be obtained in order to better understand the positive and negative effects of drilling over time.
“We do not oppose eventual drilling in the watershed and in Garrett County,” he said, “but we believe there must be protections, accountabilities, and oversight in place before development is allowed.”
He said that the board supports the various educational efforts that are ongoing and spearheaded by the Garrett County commissioners’ Marcellus gas advisory committee, the University of Maryland Extension, and other watershed associations and groups.
Noting that the Yough-iogheny River Watershed encompasses approximately two-thirds of Garrett County, Stanton said that the board encourages each member of the YRWA to: immediately communicate their concerns about Marcellus shale gas drilling to the Garrett County commissioners; to attend and support moratorium legislation at the Garrett County Delegation pre-legislative meeting with Sen. George Edwards and Del. Wendell Beitzel this Saturday, Jan. 8, at Garrett College; and to attend the various upcoming public education programs on this topic.
