The first dredging project at Deep Creek Lake will begin in October 2023 and is predicted to be completed by mid-winter. This $2.2M pilot project was funded by the State of Maryland and will remove approximately 15,000 cubic yards of sediment from Arrowhead Cove. It’s estimated that this will add 1-4 ft of depth to the cove, allowing for [...]
August 2023
Despite a busy summer, the real estate market stalled in August. Closed Sales were down, with 40 closing in August 23 compared to the 5-year-average for the month of 53. New Pending Sales were also down, with 47 reported in August 23 compared to the average of 70. Active Listings remain lower than in years past, with 161 [...]
Railey Realty was happy to host the GaCo team for their day-long telethon over Labor Day Weekend. The Garrett Coalition, or GaCo for short, is a local organization that provides instruction for elementary school aged children, hosts a nationally competitive robotics team, and donates and supports more than 30 other local organizations. The [...]
Despite a strong second quarter, the market stalled slightly in July. Closed Sales were down, with 39 homes sold in Julye 2023 compared to the average of 52 for the month. New Listings were also down, with 49 homes listed in July 23 compared to the 5-year-average of this month of 72 homes. New Pending sales were also down, with 50 [...]
We are thrilled to announce the addition of Carl Cooper, Jr., to our team of real estate agents! As a born and raised local, Carl has all of the inside knowledge you'd expect, plus years of in-depth experience in building and construction. We're excited to watch his real estate career grow! You can read more about Carl [...]
The real estate market is starting to see some small shifts as we make it to the halfway point of 2023. For June 23, Closed Sales were right on the 5-year-average of 52 homes sold. Compared to June 2022, Closed Sales were actually higher this past June. New Pending Sales were down from the 5-year-average, with 38 in June 23 [...]
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Railey Realty is thrilled to announce the addition of Elizabeth Ware to our team of sales agents! As the daughter of Associate Broker Kellyann Green, she comes into real estate as a second generation REALTOR and a lifelong resident of Garrett County and Deep Creek Lake. Her love for adventure sports and local intel set her up perfectly to [...]
Railey Realty is excited to announce that Nick Fratz-Orr was recently voted the 2023 REALTOR of the Year by the Garrett County Board of Realtors Board of Directors. This accomplishment is earned by GCBR members who have spent their time and resources working for and with the local board, Maryland REALTORS, and other organizations. Nick has [...]
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May 2023
While it might be cliché to say – the weather isn’t the only thing heating up. May saw a shift from the previous 2023 months, with a rise in Closed Sales and New Pending Sales. Closed Sales were relatively flat compared to the 5-year-average, with 44 in May 2023 compared to the average of 45. New Pending says were up just [...]
The real estate market has leveled out as we head into the summer season. Closed Sales were down slightly, with 31 in April 23 compared to the 5-year-average for April of 37 homes sold. New Pending Sales were down with 39 in April 2023 compared to the average of 44. Compared to 2022, though, Pending Sales were flat, only 5% down. [...]
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