People seem to be tightening their belts and looking for the best, most reasonable and smart way to enjoy second home ownership - especially here at Deep Creek Lake. This new economy does not require complete sacrifice, but it may require smarter spending and use of our [...]
Exploring Deep Creek Lake in the Spring!
Many buyers who choose to purchase real estate in Garrett County and at Deep Creek Lake often base their decision on the amount of activities and recreational opportunities in the area - but sometimes there are too many to choose from! Those of us that live here full time certainly take advantage of [...]
This past weekend marked the 21st annual Governor's Cup Ski & Snowboard race at Wisp Resort, sponsored by the Deep Creek Winter Sports Team. 60 local and regional skiers and snowboarder's competed for the coveted Governor's Cup in a 2 day event. To be eligible for the Cup racers were required to complete 4 race runs, starting with 2 [...]
How are some vacation rental homes at Deep Creek Lake doing?
Just like most things in life, “some have it and some don't”, or so the saying goes.
With today's tightening lending market many wonder; are there homes for sale at Deep Creek Lake that have great rental income that you can purchase to help offset the expense of second home [...]
In 2008 Railey Realty was once again the leader in market share for the Deep Creek Lake and Garrett County Maryland areas. In fact, we sold more real estate in 2008 than all other area brokerages combined! Below is a chart showing the number of transaction sides and total dollar volume for 2008. These statistics include all residential, lot [...]
Did you know that a pool table / game room in a vacation rental home brings in an additional $225+/- in rental income per week?
If you are in the market to buy a vacation home in the Deep Creek Lake area you should know that renting to vacationers can offset some of the expenses of owning a second home. Because of the area's four season [...]
Real Estate mogul, Barbara Corcoran, appeared on the Today Show earlier this week to discuss the “Five Biggest Real Estate Myths” in the current real estate market. She explains each of the following myths in [...]
The Deep Creek Lake area real estate market continued to show steady performance in 2008. As you can see from the chart below the total of number of sales continued to decline but the average sold price continued to go up. All data was obtained from our local mls and these are residential properties only - consisting of lakefront, lake [...]
DNR Policy Change To Impact Deep Creek Lakefront Property Owners
There has been a change in DNR's policy with regard to how older “grandfathered” improvements on the Deep Creek Lake buffer strip will be recognized. Up until now, any improvement - [...]
Below are some pictures taken last weekend from what is believed to be the first avalanche ever recorded at Wisp Ski Resort. While it's certainly not on the same scale as other avalanches out west it is certainly bizarre to believe that one can happen here in western Maryland of all places. But for those of you that don't own real estate or [...]
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