August 2020 Garrett County Statistics
We had another phenomenal month for real estate! There were 72 Closed Sales in August 2020, up 47% from the 5-year-average for the month of 49. New Pending Sales were up 60%, with 117 in August 2020 compared to the 5-year-average of 72. New Listings finally saw an increase over the average after several [...]
Railey Realty is happy to announce the addition of Dan Martin to our stellar team of real estate sales agents! Dan brings his love for all things Maryland, passion for the outdoor lifestyle, and life experience as a second homeowner at Deep Creek together to provide a unique and authentic perspective for this clients and customers. We're so [...]
Railey Realty is thrilled to announce that our very own Bill Weissgerber has been named the recipient of the Community Trust Foundation Humanitarian Award! This incredible honor is given to a donor who exemplifies philanthropy, charitable giving, and dedication to bettering their [...]
Garrett County
July was a busy month for the real estate market! The market trends have further solidified, with pending sales continuing to increase while total market inventory remains at an almost record low. Closed Sales for July 2020 were up 49%, with 70 homes sold this past month compared to the 5-year-average in July of 47. New [...]
Railey Realty is so happy to announce the addition of Joanne Nickles to our incredible team of sales agents! Joanne pairs decades of business experience with her love for Deep Creek Lake and the lifestyle offered here to create the perfect and practical perspective for her real estate career. You can read more about her [...]
The year 2020 marks the 95th Anniversary of Deep Creek Lake! In the early 1920s, C.M. Railey was among the loggers who cleared what is now the lakebed. The Pennsylvania Electric Company installed the hydro-electric dam, filled it with water from the surrounding tributaries, and Deep Creek Lake was [...]
Summer is flying by! We’ve had stellar summer weather so far this season, with warm temps and tons of sunshine. The water temp in the lake is 70+ degrees which makes it enjoyable even first thing in the morning! Maryland remains in Phase II, which permits 50% indoor dining, outdoor dining with some restrictions, all outdoor activities, and [...]
June 2020
After a stalled market this spring, real estate in Garrett County surged forward in June. Closed Sales were up 25%, with 55 in June 2020 compared to the 5-year-average for June of 44 closed sales. New Pending Sales also saw a big increase, with 86 New Pending Sales in June 2020 compared to the 5-year-average for the month of 56 – a [...]
Summer is in full swing at the lake! We've had absolutely gorgeous weather the last few weeks, with temps in the high 70s and low 80s and plenty of sunshine. July is typically a dry, hot month for [...]
May 2020
May was an interesting month! As the restrictions surrounding COVID-19 began to lift, and light at the end of the tunnel was imminent, the real estate market responded.
As expected, new listings and active listings are down considerably. New Listings for the month of May 2020 came in at 59, a 63% drop from the 5-year May average of [...]
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