We are thrilled to announce that the 2025 Garrett County Board of REALTORS President is our very own Larry Smith! This is Larry's 4th term as President! Larry has been an active member of GCBR in numerous committees and has served on the board numerous times in varying positions. He's also very active on committees within Maryland REALTORS [...]
Railey Realty & Railey WV Properties are proud to welcome Josh Medina to the West Virginia Sales Team! Josh pairs his stellar work ethic with his passion for helping others to create the perfect foundation for his career in real estate. Read more about Josh [...]
September 2024
September was a relatively quiet month, with only slight deviations from 2023 statistics. The only substantial change is that Active Inventory was 38% higher than last year. This is a sure sign that the market is stabilizing after years of low inventory. There were 43 homes sold in September 24 compared to 42 in September 2023 [...]
August saw several improvements in statistics over August 2023. Total Active Inventory continues to increase to more ‘normal’ levels, with 228 reported in August 2024. New Listings for August 2024 were up from last year, with a 9% increase. New Pending Sales were also up last month in comparison to last year. Units Sold also saw [...]
July was a busy month for real estate in Garrett County and Deep Creek Lake! There were 10 more New Listings last month than in 2023, and Total Active Listings are 40% higher than they were last year. While this seems like a big jump, it’s important to remember that low inventory has been an issue since mid-2020, and we’re now [...]
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 [...]
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