Railey Realty is happy to announce the addition of Pati Freeman to our team of Maryland sales agent! Pati brings a wealth of knowledge from so many aspects of her life, and we can't wait to see where her career at Railey Realty takes her! Read her full bio [...]
The last month of the year showed a few shifts from the ‘norm’ that we saw for most of 2023. New Listings were up, with 32 in December 2023, compared to the 5-year-average for the month of 30. New Pending Sales were up slightly, with 35 in December compared to the average of 34. Closed Sales were down, with 38 last month [...]
The new year is almost here! One tradition we love is First Day Hikes - whether you go with an organized group or head out on your own, Garrett County and Deep Creek Lake offer a gorgeous setting for your First Day adventure. Garrett County is home to [...]
Wisp Resort opened for the 23/24 season Friday December 15 - with 6 trails on opening day and 7 on the second day. Open trails included Squirrel Cage, Grouse, Boulder Run, and Possum. Backbone Pass was added on Saturday. This is the first time in a long time that Possum was included on opening day. This is tremendous news because it's not [...]
Read up on the latest market statistics for Deep Creek Lake and Garrett County, Maryland. This blog covers November, Year to Date, and our advice for buyers and sellers in today's changing market.
October 2023
Looking at October, we mostly see similar trends and relatively flat metrics in most areas. There were, however, some areas of improvement over 2022. There were 44 homes sold in October 23, compared to the 5-year-average of 60 homes. Comparing this year to last year, though, there were only 48 homes sold in October 2022, so it [...]
Wisp Resort is gearing up for the 2023/24 winter ski season! Marketing Director Lori Zaloga and Marketing Coordinator Lexi Hawkes recently presented the recent Wisp updates at a Garrett County Chamber of Commerce Marketing Roundtable event. Before we dive into winter improvements, Wisp did have a few changes made over the summer. New and [...]
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September kept true to the current trends we’ve been seeing throughout the summer. Overall, total active listings remain lower than past years, however, that gap is lessening as the 5-year-average is beginning to include 2020, 2021, and 2022 – where inventory first dropped. New Listings were down 10 homes from the [...]
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 [...]
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