December 2020 Real Estate Rundown By Jay Ferguson

Deep Creek Lake Real Estate

“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.

Look back at the last 6 months of real estate sales, the Garrett County area squeezed almost two years of sales into a few summer months and the results are shocking. I personally experienced a level of activity that I have never witnessed in my 21 years of real estate sales. In speaking with other agents in the lake area and even across the region, they were all reporting the same thing – real estate was on fire. There truly were not enough hours in the day to answer all of the questions and keep up with the activity. The market has now slowed down enough now to look back on the summer/fall season of 2020 and share some insights and try to make sense of what happened. And it bears stating, the only reason that the market has slowed down is because homeowners stopped listing properties for sale. More on that later.

Who was/is buying?

-Traditional vacationers who have experienced & love Deep Creek Lake & Garrett County

-Investors looking at rising rental rates

-Tele-commuters and remote workforce

-Re-locating families

-Buyers coming from a much farther distance – New York, Connecticut, New Jersey, Texas!

The first two categories are what we are used to. People who have vacationed here and know the area and have been planning to buy here one day or retire here – and buyers interested in leveraging their vacation home into a rental property. That is who typically fuels our market. The interesting thing to note is that other types of buyers were purchasing here, as well, and that’s where the inventory issues started to set in.

If you work from home now or only need to visit the office sporadically, that is a fundamental life change for a lot of folks. For the first time, though, I think a lot of people started to realize that they can live almost anywhere now, so why not look around for a more suitable option. Garrett County checked that box for a lot of people. Part of this group includes buyers who were coming here for the first time – albeit out of necessity. It is not uncommon to see New York, New Jersey and Connecticut license plates here, but now there a lot more of them.

There were also people who were capitalizing on the hot real estate market (back home) and selling their primary home to permanently re-locate to Garrett County. This one intrigues me the most, as Garrett County didn’t need to land a new Amazon distribution center or add a huge factory to bring these folks to the area. No, these people moved here because the perception was its safer and they could still keep a higher paying job in the city. A silver lining of the pandemic is that people now can live where they love – and DCL has a lot to love, apparently!

If you combine this with our booming vacation rental market – which was nearly 100% capacity for most of the summer – it drove more traffic to our area than EVER before and I think a lot of people realized just how rewarding owning here could be. Record profits for homeowners. Homes rented back to back ALL summer long. With all of these people in town, homes sold at such a breakneck pace that we have quite literally run out of properties to sell. The figures below put this in context. A ‘normal’ month in Garrett County is 25-30 property sales, higher in the summer months when more people are here. May 2020 was artificially low because of the stay at home orders. You can see what happened when the restrictions were lifted.

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Lake Title: Taylor-Made’s New Sister Company

Lake Title Joins Taylor-Made Deep Creek Vacations & Sales

Lake Title, LLC is the newest addition to Taylor-Made’s full service Deep Creek Lake real estate division. Offering competitive rates, it is one more way that we are making transactions smoother for buyers and sellers

With the closing of another local title company, we identified a void in marketplace. Our agents have numerous real estate transactions. In order to best serve clients, this was a natural next step in Taylor-Made’s “one-stop-shop” approach.

We are thrilled to have David R. Collins join the team as our attorney. He is licensed in Maryland and West Virginia. His background includes more than ten years in litigation, real estate, and appeals in West Virginia. Mr. Collins graduated from West Virginia University College of Law, where he served as Publications Editor for the West Virginia Law Review. Prior to attending law school, Mr. Collins worked for the Preservation Directorate at the Library of Congress in Washington, D.C. 

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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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May 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 second month of COVID 19 was exactly what you would anticipate with regards to the real estate market. Bad. Almost our entire real estate market was on lockdown. Our office was shutdown to the public. The Governor had determined that the only ‘essential’ home shopping was for a primary residence, which really rules out 80% of our clientele that is coming to look at 2nd homes or vacation/investment properties. The strategy was a success, and as I write this, Garrett County is now re-opened, as of last Friday at 5pm.

Update on existing business, transactions are still closing on time. Lenders are getting the job done, even working remotely. Homes are still being listed for sale and often selling quickly. We are entering Memorial Day weekend and the traditional kickoff to summer. Based on how busy I have been over the past few weeks, I am confident the market will stabilize. Hopefully, this time next month, we have stronger numbers to report. All in all, the median prices are up, days on market is still down and we still have declining inventory, so the news isn’t all bad.

Continue reading “May 2020 Real Estate Rundown By Jay Ferguson”

April 2020 Real Estate Rundown By Jay Ferguson

Jay Ferguson GC REALTOR®️ of the Year!

“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.

Our first month of ‘COVID 19’ real estate stats really wasn’t that bad, overall. I expected the month of March to be down considerably (because of Marylands lockdown/quarantine in place strategy), but what I have discovered is actually surprising. Stats are up. The market is doing fine, so far.

Transactions are still closing – on time – which is spectacular. Homes are still being listed for sale. We have modified our approach to get our agents, photographers and video/3D tour folks into homes one at a time – adhering strictly to social distancing policies. Our staff and marketing department are getting the job done – from home. The only challenge is coordinating buyer showings and keeping everyone safe, but we have great processes for that, too – reliance on ‘virtual walkthroughs/showings’ and videos. Our core principle of investing in technology is paying off more than ever. Its helping to keep a vital part of our economy moving!

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Virtual Open House: 615 Sandy Shores Road



615 Sandy Shores Road is a stunning log home at Deep Creek Lake. Even though now is the time to stay home, you can still get a personal tour.

615 Sandy Shores Road

Tour 615 Sandy Shores Road

Sales agent Terah Crawford is your host for this virtual open house. She gives you a closer look at 615 Sandy Shores Road, listed by Beverly & Bob Everett.

Meticulously maintained and tastefully decorated, you will feel right at home the minute you step through the door. This five bedroom, 5.5 bath home has plenty of room for family and friends. The open floor plan and fabulous kitchen are ideal for entertaining. Multiple gathering areas, two fireplaces, hardwood floors and central air conditioning are a few of the highlights.

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Check Out 3D Tours of Deep Creek Lake Homes for Sale



You can still get an inside look at Deep Creek Lake homes for sale. Even if you can’t be there in person, 3D tours allow you to do a “virtual walk through” of more than twenty Taylor-Made Listings.

Matterport 3D tours are a benefit for buyers and sellers alike. Buyer’s can get a closer look at listings while sellers get added exposure.

3D Tours of Deep Creek Lake Homes For Sale

Here are just a few of our listings with 3D tours. Sit back, relax and browse Deep Creek Lake real estate while practicing social distancing.

90 Bethesda Trail, Lake Front, 5 Bedrooms, 5.5 Baths

268 Lehman Lane, Established Vacation Rental, 4 Bedrooms, 3.5 Baths

Continue reading “Check Out 3D Tours of Deep Creek Lake Homes for Sale”

February 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.

Our market remains hot so far in 2020.You would think the warmer temperatures and winter weather ‘struggles’ we have experienced would put a damper on things here, but the truth is – the numbers tell a different story. Vacationers are still coming up, regardless of the weather. We are selling out 100% of our rentals on these prime ski weekends, so that tells me there is more than a ski resort that is a draw to so many. We are blessed to live in a special place and I think people truly love coming here as their sanctuary/family getaway. THAT – and not the weather (or lack thereof) is what is driving the real estate market we see. Supply is LOW. Demand is HIGH. That is a winning recipe for shedding inventory and driving prices up. I think our ‘spring market’ is here in full force, albeit a little earlier than usual.

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5 Tax Benefits of Owning a 2nd Home

tax benefits

Tax benefits are definitely something to keep in mind if you are considering purchasing a second home at Deep Creek Lake. I put together some of the top tax breaks that you can use.

tax benefits

1.) Mortgage Interest – your mortgage interest is deductible up to $750,000 in combined total mortgages.  

2.) Home Improvements – you can deduct interest on a home equity or line of credit (there will be limits).

3.) Property Taxes – You can deduct your second home property taxes up to $10,000/year for all state and local taxes.

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January 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.

January 2020  – Two part stats update.

I will look back on 2019 as a whole first, and then see where we ended up for the month of December 2019.

2019 turned out to be a spectacular year on several fronts, as you can see from the chart below. ALL OF THESE NUMBERS ARE IMPRESSIVE:

-Our total sold volume was up 16% to nearly $190 million dollars county-wide.

-The average sales price was up 3.82% to $348,960

-There were 516 units sold vs 487 in 2018 – that’s an increase of 5.95%. That’s the most robust year we have had in a long time!

-Days on market were lower by 4.1%

-The average list-to-sale price was 90.3%

And for those of you who are curious, there were 126 cash deals were no financing was involved. That’s close to 25% of our transactions for the year. 320 deals used conventional financing and there were approximately 50 deals that were VA, FHA or USDA financing.

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