The Wall Street Journal recently reported that vacation home markets are on the rise. While the article does not mention the Deep Creek Lake real estate market, it does mention other resort markets and reports some similar things that have recently happened in our market.
- Sales are up slightly
- A few record sales - Deep Creek experienced a record lakefront house sale at Holy Cross for $3.5 in 2010.
- Cash buyers who are getting good deals
- More accurate pricing by sellers
Now is still a great time to purchase a second or vacation home in the Deep Creek Lake area. Interest rates are still low, good deals can be had with plenty of properties to choose from, and unlike other resorts we do have year round activities with the lake and Wisp Ski area. Contact us for a complete list of all available properties - or a list of the current “best buys” in our market.
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