Looking at this past June compared to June of 2023, we see similar trends we’ve seen so far in 2024. Active Listings continue to increase at a slow and steady pace, rising 35% over last June with 220 homes for sale. New Listings for the month were also up 12%, with 65 new homes listed in June. New Pending Sales were also up [...]
Railey Realty is happy to announce the addition of Garrett County native Jonathan Price to our Maryland team of sales agents! Having lived most of his life on the lake, Jonathan offers a unique perspective on living and raising a family in the area. We're thrilled to have him join our group of incredible real estate agents! Read more about [...]
Railey Realty is proud to announce that veteran agent Susan Bell closed a record-breaking residential sale in June 2024. The iconic property located at 574 Rock Lodge Rd offers one of the best views of the water and is one of the most recognizable homes at Deep Creek Lake. The home sold for $6,100,000 - besting the previous record set by [...]
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 [...]
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 [...]
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