Summer is nearly upon us. After some frost this week, warmer temperatures and thunderstorms are here just in time for the first week of summer vacation. Our market here at Deep Creek Lake is always a bit throttled until summer vacations start. Schools ending, spring sports, graduations, and travel season all seem to end in late May or June, so the timing this year is no different. I have a gorgeous home at Stilwater coming on the market today – 8BR, 4000sf, 3 car garage, and a dockslip. I should have a NICE renovated lakefront home to tell you about next week – about as flat of a lakefront lawn as you will see! I also had a 4BR chalet with lake views go under contract this past week, and I hope to have a lakefront mega-house settlement on Monday. A lot of the other activity that I saw this week was in the $200k-489k range – several closings and homes that went under contract around the county.

If you ever want a private tour of a home, let me know. It’s a lot of fun for me to share 25+ years’ worth of knowledge of the lake and its history! jay@deepcreeksales.com 301-501-0420 (call/text)

271 active residential listings on the market (down from 273 last week)
48 under contract/pending (up from 43 last week)
35 total home sales closed in May (3 so far in June)

Post Memorial Day real estate update. It was COLD & WET for most of last weekend. Our team at Taylor Made had an abundance of open houses, and the miserable weather seemingly drove people inside for at least half of the weekend. There was also a huge jump in homes listed for sale, trying to get on the market before the unofficial summer kickoff weekend. I will have a new lakefront home on Marsh Hill Road hit the market (today or tomorrow) for $1.2 million – 4BR, 2BA, Type A dock, established vacation rental. Call for early details! I should also have a few updated homes in the Oakland area hit the market next week. I have several excited seller clients who CLOSED on their respective properties this week, one of which was full price. Happy clients! If you ever want a private tour of a home, let me know. It’s a lot of fun for me to share 25+ years’ worth of knowledge of the lake and its history! jay@deepcreeksales.com 301-501-0420 (call/text)

Take a look at this 3d tour of 1001 Sutter Lane – we have some really fancy tools in our toolbox that we can provide when you list your property for sale.

273 active residential listings on the market (up from 260 last week)
43 under contract/pending (up from 42 last week)
29 total home sales closed so far in May (up from 24 last week)

Memorial Day weekend is upon us, and there is plenty of inventory out there if you are in the market to purchase. 260 active residential listings (countywide) is the highest # of homes for sale since 2020. This is definitely more of a return to normal for our area and traditionally longer days on market. I’m seeing a lot more price reductions, as well. There is no shame in a price reduction – natural reactions to changes in the market and/or sellers’ timeline changing. I personally had a few price reductions recently: one for this lakeview chalet that fronts a small stream – now $629,000. Take a closer look at this 3.43-acre parcel with TWO HOMES on Mayhew Inn Rd, now $449k. I’m working on 2 new lakefront listings and something big (6500sf) with lake access and a dock near the mid part of the lake, should have those ready by the end of the month. I also had a fantastic time showing homes this past weekend to new clients. If you ever want a private tour of homes with lots of info and low pressure, let me know. It’s a lot of fun for me to share 25+ years’ worth of knowledge of the lake and its history!

Looking for an honest assessment of the market or price opinions on your property? Call me – 301-501-0420.

260 active residential listings on the market (up from 235 last update)
42 under contract/pending (down from 45 last update)
24 total home sales closed so far in May

May is off to a rainy start, but the market seems to be holding strong. I’ve got the inside scoop on 3 different lakefront condos that will be coming online soon – reach out for more details! I have a FANTASTIC 6500sf+ home listed that backs to Broadford Park with 2 and a half acres, a huge detached garage, and close to every Southern Garrett school. This house would be twice the price at Deep Creek and is only 10 minutes away! I still have a lake access + view lot with 2 dock slips at Edgewater, off Lakeshore Drive for $375k. I’m working on a 4BR home in Mitchell Manor (Oakland) for $325k and a fully fenced backyard – that should be online by this weekend. And if you are looking for solid value, this 3BR 2BA chalet with filtered lake views on Beckmans Peninsula has a huge lawn and is priced well at $479k.

If you or someone you know is looking at buying or selling real estate here at Deep Creek Lake, please let me know – I would love an opportunity to help! Jay Ferguson, 301-501-0420, deepcreeklaker@gmail.com

235 active residential listings this week (up from 227 last week)
45 under contract/pending (down from 49 last week)
35 total home sales closed in April, 3 so far in May

I alluded to a big announcement last week about an upcoming project in McHenry – and now its official.

 

McHenry Heights is an exciting new blend of retail and residential space, located across Garrett Hwy from Taylor Made Deep Creek Sales and behind Perkins, accessed off Pysell Road.

 

4 individual buildings with premium commercial spaces
4 condominium penthouse/2nd floor with private elevators
Prices ranging from the high $800s to $1.25 million
Lifestyle living – boutique shops, fine dining, community areas
Much more details from the developer: https://mchenryheights.com/

 

If you or someone you know is looking at buying or selling real estate here at Deep Creek Lake, please let me know – I would love an opportunity to help! Jay Ferguson, 301-501-0420, deepcreeklaker@gmail.com.

 

227 active residential listings this week (up from 222 last week)
49 under contract/pending (down from 51 last week)
27 total home sales closed so far in April

As we head into Easter weekend and (hopefully) sustainably warmer temperatures, I am pleased to report the Deep Creek Lake housing market has been relatively consistent given the recent news & world events. Rates are still up and down, but buyers are determined to get deals done. My brand new listing in Mt Lake Park, 501 Spruce St, for $225k, had two full price offers within a day and is now – UNDER CONTRACT! A McHenry area condo that I have for sale is also under contract for full price, as well, and scheduled for a lightning-quick closing next week. There are several new lakefront / lake access townhome options that just hit the market in the low $700’s and both look fantastic. Hopefully by this time next week, I’ll be able to announce the launch of a new mixed-use commercial complex in the heart of McHenry. There will be some exciting new restaurant options and luxury penthouse condos with lake & slope views this time next year…very exciting!

If you or someone you know is looking at buying or selling real estate here at Deep Creek Lake, please let me know – I would love an opportunity to help! Jay Ferguson, 301-501-0420, deepcreeklaker@gmail.com

222 active residential listings (up from 207 last week)
51 under contract/pending (down from 54 last week)
19 homes have closed in April (up from 8 last week)

Rates are dropping – significantly. It’s definitely having a positive effect on our market, and my phone lit up last week with buyers who have been on the fence about buying here in GC and at the lake. Houses have been hitting the market under contract or going pending within days, which is common in the springtime when someone sees a great deal that is too good to pass up. I’m working on a lake view cabin that should hit the market next week (high $600s) and a nicely remodeled house with 2 garages (one attached, one detached) in Mt Lake Park for the $225k range. I listed a really nice home that fronts on Bear Creek (6+ acres) and a detached garage last week. $559k, one of the featured properties below. I still have buyers for lakefront townhomes with dock slips, so please reach out if you know someone who may entertain an offer or would like a market analysis?

If you or someone you know is looking at buying or selling real estate here at Deep Creek Lake, please let me know – I would love an opportunity to help! Jay Ferguson, 301-501-0420, deepcreeklaker@gmail.com.

207 active residential listings this week (up from 194 last week)
54 under contract/pending (down from 59 last week)
37 total home sales closed March, 8 so far in April

Way back in 2002, I sold a lakefront lot to a family who had a dream to build a custom vacation home. They have photos of the day they signed the contract, sitting beside the lake at a picnic table with me. It was an iconic moment – very rarely do you get an opportunity to be part of something so simple yet so meaningful. Within a year, they had built one of the most impressive and successful rental properties over the past 25 years – “Unforgettable”.

I’m very excited to bring Taylor Made’s best vacation rental earner back on the market this week – 400 Moonrise Drive at Waterfront Greens. It’s an 8BR lakefront, 5000+sf, with an indoor pool on a FANTASTIC lot and has averaged $250k+ in rentals over the past several years. The owners have done a great job of keeping it updated, and it shows.

I closed on a renovated vacation home in Pergin Farm last week for $430,000 and will close on another at Sky Valley today. A lakefront townhouse at Ski Cove went under contract, along with a lake access log home at Penn Cove and a lakeview home at Silver Tree Landing. This week I’m working on bringing a chalet in Accident with some acreage and views on the market – hope to have it ready for next week.

Remember, every Thursday in April at Ace’s Run – DCL100 trivia at 6 pm! We are putting our team together right now, hope to see you there!

If you or someone you know is looking at buying or selling real estate here at Deep Creek Lake, please let me know – I would love an opportunity to help! Jay Ferguson, 301-501-0420, deepcreeklaker@gmail.com.

194 residential properties listed for sale (up from 185 last week)
59 under contract/pending (down 1 from last week)
29 total home sales closed so far in March, more will close today

More and more inventory coming on the market this past week, exactly what you expect this time of year. I closed on a 3800sf lake area log home for FULL PRICE, it actually went under contract the same day it came on the market. Perfect timing for buyer and seller alike. I noticed two different homes under contract/sold in the $150k-175k range (Southern Garrett county & Mt Lake Park area), excellent opportunities for first time home buyers. Tiny homes became very popular over the last few years here at the lake. I completely get the concept but I have to say I am shocked at some of the prices people were getting and are currently asking. The properties are gorgeous and tastefully renovated but is a 1,000 sf 1BR A-frame (no waterfront or views, no major rental draw) really worth $500k? Time will tell.

I have commercial space available in Oakland at 3 S 3rd St, The Parlor. A nail salon booth is available, two other flex spaces for health & wellness professionals or similar. Affordable rental rates by the day, weekly or monthly. Call for a preview of the space.

Sales are holding steady and rates have been trending lower. Rates are now in the 6%-6.5% range according to the Ross Group, our in-house lending team. They specialize in the DCL market and are FANTASTIC to work with.
Reach out for more info.

185 residential properties listed for sale (up from 175 last week)
60 under contract/pending (down 2 from last week)
22 total home sales closed so far in March

$209k for a fully renovated condo in McHenry?? A 2BR+ office end unit is now for sale, with distant ski slope views, right in the heart of McHenry. There are 175 residential properties for sale at the moment, another 62 showing under contract or pending, and 15 homes that sold/closed in the month of March so far. Random things I noticed this past week: Several ski/in ski/out homes at Highline went under contract this week. we had a great winter ski season and that really supports communities that surround Wisp Ski Resort. One of the oldest waterfront homes on Deep Creek Lake is now under $900k near the state park. A 5BR lake access chalet with a dockslip closed for $855k on Black Bear Ct off Lake Shore Drive. A fantastic opportunity to have a 3BR chalet with big lake views and a 2 car garage for under $800k.

I have a few exciting listings I am working on this week, some lake area homes with a bit of acreage. I listed a few Oakland area properties for sale last week, see below. There is a noticeable lack of lakefront townhomes right now – if you or someone that you know is thinking of selling, I have buyers who are looking. If you are in the market to buy or sell – let me know.

I have amazing tools that can give you an advantage in your home search; as well as 25 years experience HERE at Deep Creek Lake and Garrett County, Maryland. Jay Ferguson, Owner & Associate Broker, Taylor Made Deep Creek Sales – 301-501-0420, deepcreeklaker@gmail.com

Here are the last 7 days of price reductions.

Here are the last 10 days of market activity in Garrett County.

The real estate market traditionally heats up around the first of March when the weather breaks. More and more inventory is hitting the market and there have been a few impressive homes that have sold. Whether you are buying or selling, I urge you to have your own custom search updates.

Here are the last 10 days of Market Activity in Garrett County.

ADVANCED MLS emails are an amazing tool that I encourage you to use, even if you already a basic one setup. I can customize highly advanced searches for you, whatever your needs might be. Search a specific neighborhood for homes with dockslips or get sold updates the moment they occur. Any data combination you want, I can create the search. It really gives you an advantage to know the moment a transaction occurs and not a day or two later.

Contact Jay Ferguson directly to setup your personal, private search parameters.
jay@deepcreeksales.com or 301-501-0420.