Deep Creek Lake real estate news October 2018 is positive for the beginning of fall!
Deep Creek Lake Real Estate News October 2018
The leaves may not have changed colors early this year, but the listings statuses have been making a colorful changes. We currently have 22 homes under contract status right now and have put SOLD signs in the yard of 17 homes in past 30 days. The average sales price was $550,513. That’s a 25% increase compared to last year! Home inventories are still low giving buyers less competition going into the winter months.
Your Deep Creek Lake real estate update for August shows that pending sales are up 9% when compared to last year.
We had 24 homes under contract with an average sales price of $501,566 and heading to close soon. We had a great summer by helping 50 sellers move on to their next chapter and we had 50 buyers that fulfilled their dream of a new home in Garrett County and Deep Creek. Our sales volume for the summer topped off at $31.7 million in sales. We look forward to the cooler weather and all the festivals that come with it. It will bring in a whole new herd of buyers.
Buyer’s Tip: Ski season is coming up. Start looking at potential investment properties near the slopes before everyone else does. During the quieter fall season, it is easier to access homes that are for sale and also on the vacation rental market.
Seller’s Tip: Fall weather is a upon us bringing leaves and spider webs.We love the colors of fall — until we need to clean up the leaves. Maintaining curb appeal
becomes a challenge this time of year, but do your best to keep up with it.You never know when the right buyer will come along.
Taylor-Made’s Deep Creek real estate company is excited to announce that we have a new Broker of Record! Bob Carney, Sales Manager, recently obtained his brokers license!
In order to earn this designation, Carney successfully completed the required educational hours and the exam as outlined by the Maryland Real Estate Commission.
Deep Creek Real Estate Company Background
Taylor-Made co-owner and sales agent, Jay Ferguson, previously held this role since 2014 when the real estate division was originally launched. The company has grown rapidly in four short years, and he is pleased to pass the torch to Bob so that he can fully focus on his strengths – real estate sales and serving Deep Creek Lake area buyers and sellers. Continue reading Deep Creek Real Estate Company has a New Broker!
Congratulations to Taylor-Made Deep Creek Vacations & Sales co-owner, broker of record, and top producing real estate professional, Jay Ferguson! Jay has been named the 2018 REALTOR®️ of the Year by Garret County Board of REALTORS®️ in a unanimous vote from the GCBR Board of Directors.
About Jay Ferguson Garrett County 2018 REALTOR® of the Year
For over 18 years, Jay has been striving to provide a fresh approach for his clients. In his first full year in the business, he was honored as “Rookie of the Year”. Throughout his career he has received many other well-deserved awards and designations.
Jay lives locally with his family; his wife Jessica and their two children Kayleah and Noah. He and his family all proudly serve the community through activities and participation of the ministries and efforts of their church, Loch Lynn Church of God. He is a Garrett County native who chose a career in real estate because of his knowledge of ,and passion for, his beautiful home. Ferguson on being named Garrett County 2018 REALTOR® of the Year: “I am truly honored to receive this prestigious award. It’s a big deal to be selected by my peers in the real estate industry. I’ve been in the business for 18+ years and I have witnessed many deserving people win this award. I am beyond blessed and very excited to be among them.” Continue reading Jay Ferguson – Garrett County 2018 REALTOR® of the Year
This blog post on budget design tips was written by a special guest contributor. Kristina Dorville and her family recently purchased The Quarterdeck. They gave this lake access chalet a complete makeover with stunning results. She offered some great budget design tips for making updates that are easy on your wallet.
If I could start over in my professional career, I’d like to decorate homes. But not the normal way. Anyone can go to a store, spend a ton of money and have a good looking house. MY favorite part of decorating… finding the ‘treasure’ – you know, that one chair, pillow, or rug that fits with your design idea but doesn’t break the bank. I love a treasure hunt. I love a good sale. But best of all, I love making my house feel like a well-decorated, stylish home for as little money as possible!
If you’re looking for a refresh of your space, there are some easy ways to find the treasures that work for you without the hefty price tag.
Shop Around & Wait for Sales
First and foremost, you must be patient. Don’t buy the first thing you see that you like. Look around and shop around. Wait for sales, if you know they are coming (around the holidays is a great time). I got some great, after Christmas deals on things that had nothing to do with the holiday. Swing through the same store multiple times and also go to the nearby, same stores. Every store – even the same ones in various locations around town – have different stuff and different prices. Continue reading Budget Design Tips for Vacation Rental Owners
Real estate activity at Deep Creek Lake is heating up with the warmer spring temperatures. We are seeing positive signs of a seller’s market in the making!
May 2018 Real Estate Update
Out of the 200 active lake area homes, 17 of them sold in the last month. And better news, the average sales price to average list price was only a 5% difference. In other words, the offer price is getting closer to the listing price. Historically, that number has been around 8-12%. The average days on market for these homes was about three months. As we get into the summer months, I will take a guess that timeframe will get shorter.