Looking at May, we see that the market is beginning to shift as we move into summer. Active Listings was up 42% over May 23, with 15% more listings this year compared to last. This is a good indicator that the market is beginning to even out and move away from a ‘seller’s market’ and into a more neutral space. Closed Sales were [...]
Deep Creek's newest lodging option is open for business! Cove Creek Lodge, formerly the Inn at Deep Creek and Alpine Village, has been fully renovated and looks to welcome guests starting in June 2024. The hotel offers 29 rooms, an in-ground outdoor pool, lakeside area, patio, and private docks (in the newly dredged Arrowhead Cove!). The [...]
Looking at April 2024 compared to April 2023, there are several improvements over last year, and some deviations from the trends we’ve been seeing. Active residential listings was 25% higher than last April, showing that inventory is starting to rebound and remain higher. New Listings were relatively flat, but we’ll most likely [...]
Can you feel it? Summer is just around the corner!! Memorial Day Weekend has always been the unofficial start to summer, and it’s no different at Deep Creek Lake. Docks are in the water. Boats are on the lake. The sun is shining. All you have to do is go enjoy it! While the water is still a little on the cool side, nothing will stop Memorial [...]
Garrett County Board of REALTORS recently hosted an Affordable Housing Forum at Garrett College to discuss current projects, efforts throughout the county, and field questions from the public. The event was open to the public and free for those to attend, providing a delicious spread for lunch, thanks to a grant from the National Association [...]
Two months into 2024 and we’re seeing some consistent trends already. Compared to last year, there were 4% more homes for sale this February. New Listings were relatively flat, with one more reported this year over 2023. Units sold were down 31% from last year, but the gap is smaller from the 5-year-average for the month of [...]
The pilot dredging project in Arrowhead Cove was successfully completed in January 2024. The process has been a long-time coming, both with securing the funds and permitting requirements for a project of this size. The actual dredging of the cove began in the fall of 2023 with the installation of coffer dams, isolating a three acre section [...]
In 2024, Railey Realty will celebrate 50 years in business, serving the Garrett County and Deep Creek Lake Communities. In recognition of this incredible feat, the commissioners of Garrett County invited Railey Realty to the courthouse to receive a special commendation. While 50 years in itself is enough to celebrate, we were so touched by [...]
It's not every day you get to hold a baby bear cub! While doing remodeling at Railey Vacations, the maintenance team accidentally woke a hibernating sow from her makeshift den under the deck. The plot thickened when they noticed the small cubs she left behind! Once the area was cleared, and the mother bear returned, the deck was boarded back [...]
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