Deep Creek Daily Notes Blog March 3

If you ever want specific numbers or stats about your neighborhood or certain segments of the market – let me know! I can gather any data you might need and even set you up with auto email updates of ANY stats that MATTER TO YOU! jay@deepcreeksales.com 301-501-0420

Average Sales Price

Active Listings

Closed Sales

Post Deep Creek Dunk weekend update! The dunk was a HUGE success. The local version for GC school kids, the Cool Schools Dunk, raised over $42,000! That money stays here in Garrett County and will benefit special needs programs locally. We are in the middle of a nor’easter as I type this. Probably 7-8 inches of fresh powder on the ground, and it’s a winter wonderland outside right now….after 61 degrees temps last week. Welcome to Garrett County! The interest rate news today is that they are the lowest point since 2022 – average 6.09%. If you are in the market for a mortgage, our in-house lenders can help. The Ross Group at Intercoastal Mortgage is fantastic to work with – HIGHLY recommend! Inventory is starting to creep up again – it’s certainly that time of year. Keep in the loop with some of my buyer tools like auto email updates, custom searches, and disclosure files for ANY and EVERY listed property for sale. If you need information on anything real estate related, I’m your guy 🙂

Notable recent activity:
161 homes currently for sale (up from 142)
26 sales in January (up from 23 sales Jan 2025)
Closed sales – 20 total sales so far in February (12 over the last 7 days)
Pending sales – 43 homes, 3 over last 7 days
New listings – 10 new active listings in the last 7 days – 2 coming soon
Price changes – 9 reductions in the last 7 days
Off-market – 9 homes de-listed in the last 7 days

Odds and ends:
$2.845 million lakefront home near Lake Shore Drive CONTRACT
$1.825 million 7BR, 7BA Lodestone hole #13 SOLD
Some pricing parity in and around Wisp Resort – new listings priced under $900k, meanwhile, similarly sized homes under contract for $1.2 million+. Do your homework!
Several new condo/townhouse listings starting at $299k+
114 C St – ~ 32x24garage, nicely finished $59,900
$399k lake access home in Paradise Ridge SOLD

Breakdown of market:
43 total contracts – 14 under $300k, 19 $300k to $999k, 10 over $1 million
30 homes for sale over $1 million (down from 38)
74 water-oriented homes still available – 26 lakefront, 48 off lake
166 lots/land listings for sale, 18 of which are under contract

Just Call Jay! 25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)

If you ever want specific numbers or stats about your neighborhood or certain segments of the market, let me know! I can gather any data you might need and even set you up with auto email updates of ANY stats that MATTER TO YOU! jay@deepcreeksales.com 301-501-0420

Average Sales Price

Active Listings

Closed Sales

The 2025 real estate market update you have been waiting for! It was a really weird year for real estate here in GC and DCL. Our summer market was way below average, as you can see. Normally, June, Jul,y and August are the best months for activity. Last year, spring and fall were our highest-grossing months of the year. The fall market was surging due to interest rate drops. It was one of the busiest quarters I’ve EVER had in 25+ years of sales. You can see from the charts below how up and down the activity was. Below that, some fun facts about 2025 sales!

2025 Stats

Fun facts:
Lowest residential sale – 573 Platter Rd – 1959 mobile home on .6 acres sold at auction for $26,000
Highest residential sale – 870 Holy Cross Dr – 7BR, 6.5BA lakefront sold for $3,375,000
Lowest waterfront home – 2BR cottage on Casselman River for $85,000
Highest land sale – Multiple lakefront lots @ Hazelhust grouped together, over 15 acres total, sold for $1,050,000
Lowest land sale – Lot 27 Stool Rock Rd Yough Mtn Resort – $3,000
Lowest waterfront lot – .33 acre lot on Water St in Oakland for $8,000
Largest tract of land – 164 acres off Spring Lick Rd for $500,000
There were two $3+ million sales in 2025, both lakefront
There were 10 sales at $2+ million
Largest commercial sale – $2,800,000 – former Beitzel Corp building in Bittinger (My highest sale ever!)
Lowest commercial sale – $200,000 – 1.5-acre parcel surrounding Lowes $200,000

If you ever want specific numbers or stats about your neighborhood or certain segments of the market, let me know! I can gather any data you might need and even set you up with auto email updates of ANY stats that MATTER TO YOU! jay@deepcreeksales.com 301-501-0420

Average Sales Price

Active Listings

Closed Sales

Happy New Year! I plan on doing a deeper dive on year-over-year stats at DCL next week once all the data is officially in and accounted for. I will throw out some caution – numbers are deceptive this time of year. It’s typically the time of year when properties go off market by design (winter weather, logistics of access/heat, etc) and when lots of listings expire – end of calendar year. The numbers look really weak right now because this is a traditionally slow time of year anyway. A few things caught my eye: A split lakefront home on Marsh Hill Rd for under one million. Lakefront homes under this price have been rare over the past few years. A home I sold a few years ago in North Camp is now selling WAY below what they paid for it. Something to keep an eye on as prices shift on the mountain. There is a $3+ million lakefront home in the Blakeslee listed for sale, and several intriguing options at Villages of Wisp.

Notable recent activity:
7 new listings, 7 price drops, 2 off-market, 5 contracts, and 6 closed homes over the last 7 days
$999k split lakefront home on Marsh Hill just listed
34 total contracts – 7 under $300k, 17 $300k to $999k, 10 over $1 million
38 homes for sale over $1 million (down from 45)
74 water-oriented homes still available – 33 lakefront, 41 off lake
North Camp – one home is selling ~$75k UNDER what they paid 2 years ago
154 (down from 178) lots/land listings for sale, 13 of which are under contract

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
176 homes currently for sale (down from 188)
34 under contract/pending (down from 62)
46 total sales in November, 43 total sales in December – 6 so far in January

**WISP OPENS FRIDAY** Post-Thanksgiving update. After the lackluster spring and summer market we had, we all should be thankful for the fall season and the interest rate drops that helped save our stats. This time of year more and more sellers make thew decision to pull their home off the market for the season – difficult road/driveway access and blustery weather certainly play a part in that decision. Still others, who may be more of a ski area property, are just now getting ready to list, as the winter buyers are making plans to be in town when the snow falls. There are a few $1.2+million townhomes under contract – Willows & Creekside.

Notable recent activity:
9 new listings, 5 price drops, 11 off market, 9 contracts and 5 closed homes over the last 7 days
$1.2 million townhouse at Willows UNDER CONTRACT
62 total contracts – 15 under $300k, 31 $300k to $99k, 16 over $1 million
45 homes for sale over $1 million (down from 56)
92 water oriented homes still available – 39 lakefront, 53 off lake
Lodestone area – several more sales under $700k
178 lots/land listings for sale, 15 of which under contract

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
188 homes currently for sale (down from 222)
62 under contract/pending
68 total sales in October, 46 total sales in November

Monsters don’t like swimming in Deep Creek Lake – they prefer Lake EERIE!! I’m going to try for limited Halloween puns in this update, and that should be easy because most of the numbers aren’t scary at all! Even MORE activity. Rates continue to drop, and the phone keeps ringing. A fantastic end to the summer/fall season is currently underway. Two concerning items to keep an eye on – Lodestone golf course area properties continue to hit new lows on recent closings. There was a sale that just closed at $651k. Only 20% of the lakefront homes on the market are under contract (12 out of 60). There seems to be a logjam of homes on the water, and I predict some more price drops to get these homes moving again. I saw SNOW FLURRIES this morning, WITCH means it’ll be a BONE chilling night for trick-or-treaters. I heard a RUMOR (reliable sources) that Starbucks and Chipotle are coming to Oakland, maybe in the Lowes complex… we’ll see?!? Big news – I am beyond thrilled to report that my largest sale ever closed yesterday for $2,800,000 – the old Beitzel Corporation complex (31 acres) in Bittinger Rd. Sunrise Sanitation purchased the building as their new HQ, and they intend to build a new recycling center for Garrett County! Keep an eye out for their press release.
Curious about the market? Just Call Jay – 301-501-0420!

Notable activity over the last week or so:
10 new listings (same), 13 price reductions (down from 20), 1 price increase (?), 3 off market (down from 11), 20 closed sales over the last 7 days
$~3.5 million lakefront home on Lake Shore Drive UNDER CONTRACT
19 homes under contract are under $300k (down from 23), 39 homes $300k-$1 million (down from 50), 18 homes over $1 million (up from 17)
Fun fact: 56 homes still available in GC priced over $1 million (down from 62)
700+/- sf commercial space in downtown Oakland – ask Jay
Lodestone update – 4BR, 3BA, 2k-sf just closed for $651k, LOWEST PRICE IN A LONG TIME!
48 waterfront properties actively for sale (down from 52); 12 under contract
53 water access, lake view, dockslip homes for sale (down from 54)
161 lots/land for sale (down from 165), 17 of which are under contract (same)

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
222 active residential listings on the market (down from 234 last report)
75 under contract/pending (down from 89 last report)
58 total home sales closed in October. I expect a few more today

It’s like the REAL summer market just showed up. This is what I was expecting and hoping for all summer long. Activity. Lots of it. The flood gates opened with rates dropping and a ton of inventory (with fresh price reductions), and buyers are now locking up properties left and right. We had a fantastic weekend for Autumn Glory, and there were a TON of people in town to celebrate. The next few weeks are typically the last gasp of visitors & activity until the Wisp opens up, but who knows what surprises are in store. Docks are coming out of the water, leaves are dropping… just like our inventory. Finally! I have a few big closings coming up and perhaps a surprise with an INDUSTRIAL property that I have been working hard on for the last 4 months or so. It’s not very often you see that kind of sale in Garrett County. I am proud to be involved – it’s something the county desperately needs! Stay tuned!

Curious about the market? Just Call Jay – 301-501-0420!

Notable activity over the last week or so:
10 new listings (up from 11), 20 price reductions (up from 9), 11 off market (down from 14) over the last 7 days
3BR, 3BA lake access home in Mountainside closed for $420,000
23 homes under contract are under $300k (up from 18), 50 homes $300k-$1 million (down from 55), 17 homes over $1 million (up from 12)
Fun fact: 62 homes still available in GC priced over $1 million
700+/- sf commercial space in downtown Oakland – ask Jay
2BR 2BA condo at Traders Landing sold for $326k
52 waterfront properties actively for sale (up from 49)
54 water access, lake view, dockslip homes for sale (down from 59)
165 lots/land for sale (down from 187), 18 of which are under contract (up from 17)

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
234 active residential listings on the market (down from 242 last report)
89 under contract/pending (up from 85 last report)
25 total home sales have closed in October so far

The price reductions are working. Well, that and interest rates dropping to levels last seen in 2022. All of a sudden, the real estate market picks back up again at DCL & Garrett County, and the fall market is officially on fire. Several homes that I have listed over the past 2-3 weeks are already under contract, with multiple offers on two. My Ski Harbor listing closed for full price; I closed on a golf course lot at Fantasy Valley for $65k (it had been for sale for 2+ years), and the renovation project home on Hines Drive closed at $376k – $77k over asking price. Inventory is dropping – 14 homes pulled off the market in the last week, 46 sales closed in September, and 85 pending homes. There are still some cracks in the market in certain price ranges, as well as a concerning amount of waterfront homes still for sale post summer – 49 lakefront properties to choose from. There are 178 (down from 189) homes in the immediate lake area still for sale. Looking for land? 119 lots/land available for sale in the lake area. I was able to tour a custom home in Holy Cross recently, and it is FANTASTIC. If you have a spare $5 million and want to take a look, just let me know 🙂 Curious about the market? Just Call Jay – 301-501-0420!

Notable activity over the last week or so:
11 new listings, 9 price reductions, 14off-markett over the last 7 days
5BR new construction home near Lodestone sold $699k
18 homes under contract are under $300k, 55 homes $300k-$1 million, 12 homes over $1 million
Fun fact: 81 homes in GC are priced over $1 million
700+/- sf commercial space in downtown Oakland – ask Jay
Arrowhead lakefront townhouse sold $635k
49 waterfront properties actively for sale (down from 50)
59 water access, lake view, dockslip homes for sale (down from 68)
187 lots/land for sale, 17 of which are under contract

25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
242 active residential listings on the market (down from 265 last report)
85 under contract/pending (up from 77 last report)
46 total home sales closed in September, up from 39 in August

There has been a welcome—and surprising—push of new home listings & sales since late August. Rates have been dropping, and the phone just kind of blew up over the last few weeks. It’s been busy, and there are some situations with multiple offers and renewed interest. The fall market at DCL is always interesting as it draws a slightly different crowd to the area that may not care so much about lakefront homes or dock slips. People who vacationed here during the busy summer usually make their way back in the fall for a weekend getaway or a day trip here and there. Typically, fall buyers are picking over what remains from the summer, looking for deals or recent price reductions. This year, the cupboards are still full: There are 189 homes in the immediate lake area still for sale. Looking for land? 176 lots/land available for sale countywide. Want to talk about the market? Just Call Jay – 301-501-0420!

Notable activity over the last week or so:
12 new listings, 20 price reductions, 6 off-market over the last 7 days
179 Laurel Ln sold for $780k – one of the original cabins on DCL
27% of homes under contract are under $300k, 16% over $1 million
Fun fact: 7 properties for sale county-wide over $3 million. 3 of those listed in the last two weeks, one under contract
850+/- sf commercial space in downtown Oakland – ask Jay
71 Jake’s Drive – $150k price drop, now $749k
50 waterfront properties actively for sale
68 water access, lake view, dockslip homes for sale
197 lots/land for sale, 21 of which are under contract

25+ years of experience analyzing market trends and honest assessments of real estate values – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
265 active residential listings on the market (down from last report)
77 under contract/pending (up from last report)
39 total home sales closed in August; 17 so far in September