June 2020 Real Estate Rundown By Jay Ferguson

“There are three kinds of lies: lies, damned lies, and statistics.” – Mark Twain

My name is Jay Ferguson and I am one of the owners of the real estate division of Taylor Made Deep Creek Vacations & Sales. I am entering my 19th year in the real estate business here in Garrett County and at Deep Creek Lake. If you are interested, you can click here find out more about me personally and my background.

I will be writing a monthly blog post about our local real estate market, sharing & interpreting statistics and offering some insights into the market as a whole…as I see it. These are my personal thoughts and musings about the market in general and are not intended as anything more specific. And, to be clear, I am an optimistic, glass half-full kind of guy.  

Lastly, every stat I reference is based on the official stats published by Bright MLS on or around the 15th of each month. My plan is to give you straightforward stats coupled with my analysis from the front lines and let you interpret what you read in your own way.

The month of May was a steroid shot for the Deep Creek Lake market. Even after being shutdown for the first half of the month, the second half of May was on fire. Vacation rentals are booked solid through the summer as demand ‘to get out the house’ finally gave way with the opening of our transient vacation rental homes.

You can see it in the numbers below – people are buying homes left and right. We continue to have inventory issues and thats good news for sellers, but buyers now have fewer homes to choose from. Many people that I spoke to about selling this summer have decided to keep their property for the time being and are spending their time here at the lake instead. That’s part of the inventory problem.

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The Drane House: A Look at Early Garrett County Life

The Drane House History

The Drane House is a key landmark in the early history of Western Maryland and a vital part of its heritage. It is tucked away on a quiet country lane, just off of Rt. 219 in Accident. It is believed to be the oldest standing structure in Garrett County today.

drane house

The Drane House History

The Drane house was built in 1798 by William Lamar and was given to his sister and her husband, Priscilla and James Drane in about 1800.  The Dranes along with their eight children migrated to Western Maryland from the tobacco farming area of Prince George’s County. 

James envisioned himself a country gentlemen. He planned to raise a large acreage of tobacco.  Frontier life required long hours of arduous work to provide the basic necessities of life.  Their family was one of several who attempted tobacco culture in Garrett County’s early days.  These early settlers from Southern Maryland never achieved the prosperity from tobacco farming that they anticipated.  They did not realize the difficulties of farming mountainous terrain. Their efforts were thwarted by severe winters, poorly constructed dirt roads and the great distance to market.  Many were driven back to their former homes by the loneliness and isolation of mountain life. The Dranes changed their methods to general faming and occupied the home until their deaths. 

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