Deep Creek Daily Notes Blog March 3

What an amazing 4th of July weekend! Celebrating America on Independence Day is always my favorite holiday of the year. Showing homes on a holiday weekend is always challenging, working around the crowds & traffic, rental availability, and navigating tight schedules. I had several clients looking over the weekend, and I was able to get a few houses on the market just in time for the influx of visitors. Here’s what else caught my eye:

Notable activity over the last week or so:

$2,050,000 lakefront home at Harveys Peninsula sold
Coming soon – $1.1 million lakefront home at Turkey Neck
3 Lodestone area homes (same builder) all withdrawn from the market – odd?
Price drop on 413 D St (remodeled) in Mt Lake Park to $259,900
Lakefront home on Marsh Hill sold for $897k – that’s the lowest price I have seen in a while
A lakefront home on White Oak Drive closed for $975k – it could have sold for $100k higher, really nice property
Lastly, price reductions GALORE, several Blakeslee homes under $1 million, and a few instant contracts onwell-pricedd homes

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)

295 active residential listings on the market (up from 282)
59 under contract/pending (up from 54 last report)
25 total home sales closed in June, so far, 8 closed sales in July.

It has been WET – certainly as wet as I can remember for quite some time. This is quite the opposite of the very dry and drought-like conditions from last year. Showing homes has been a soggy adventure, but we are getting by. We may have to show more homes by boat if this keeps up 🙂 Notable activity over the last week:

Sundown Chase townhouse in McHenry sold for $540k
Home on 16 acres sold for $575k in Bittinger
Lakefront townhome at Creekside sold for $1.2 million
Contemporary home on Fairgate Rd sold for $1.2 million
Lake access home in Stilwater closed for $812,500
Most other sales last week were under $500k, which is certainly a sweet spot in the county right now
Lastly, price reductions in Sky Valley, a new lakefront condo at Will o the Wisp, and a 2nd home for sale UNDER $700k aroundthe  Lodestone golf course

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)

282 active residential listings on the market (up from 276 last week)
54 under contract/pending (up from 53 last week)
17 total home sales closed in June so far (up from 7 last week)

The switch has flipped. The summer market seems to be here. A little more traffic on the streets, too. My phone started blowing up this week – many more inquiries from buyers and several sellers interested in a market analysis. I am proud to announce that my highest ever sale occurred this week – a $2,712,500 sale at Waterfront Greens – a new community record! This also seems to be the highest waterfront sale in the last 6 months at Deep Creek. It was really special for me because I sold them the lot way back in 2003 (I was 24 years old!) and we signed the deal at a picnic table by the lake – they even kept the pictures 🙂 This family built a special place on a magnificent lot and turned it into an ‘Unforgettable’ vacation rental – Taylor Made’s grossing rental of all time. I loved being able to close the book on their Deep Creek Lake chapter! Just like last week, a lot of the other activity that I saw this week was in the $200k-500k range – several closings and homes that went under contract around the county. A lake access home with dockslip at Carmel Cove went under contract, and a condo at Four Hooppole closed at $732,500. I had several building lots that had been on the market for a while, finally went pending – a lake access lot at Overlook (under $30k?! for lake access??) and a nice golf course lot at Fantasy Valley. Working on that lakefront house for next week – pancake flat waterfront area, and a nice 3-acre building lot at Timbers on the Yough coming on the market for $35k. Busy week!

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)

276 active residential listings on the market (up from 271 last week)
53 under contract/pending (up from 48 last week)
7 total home sales closed in June so far (up from 3 last week)

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