Tag: 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 19^th 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 15^th 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.

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

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.

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.

Continue reading “5 Tax Benefits of Owning a 2nd Home”

“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 19^th 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 15^th 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.

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

Deep Creek Lake real estate experts at Taylor-Made can guide you through the selling process from start to finish. You can rely on them for a successful outcome so that you are ready to make your next move. With decades of experience in the area, they know the finer points of the local market.

Taylor-Made Deep Creek Vacations & Sales started offering real estate services in 2014. In just a few short years, our team produced over $600 Million in sales for Deep Creek Lake and Garrett County home owners.

We want to show you that we are the best at the lake when it comes to the sale of your home. You can count on us to go the extra mile. 

Partner with a Taylor-Made agent, and you will always get the highest possible service at the best competitive price.

Deep Creek Lake Real Estate Marketing

We focus our marketing efforts on where the majority of buyers are searching. Using a variety of online channels in combination with tried-and-true print pieces, your listing gets the maximum exposure possible. 

Our in-house team also partners with experts in Google Ads so that we are driving qualified traffic to your listing on our site.

–Deepcreekvacations.com receives more than 2.5 million website visits annually.

-Largest Facebook business audience in the Deep Creek Lake area. We maintain a primary profile with over 49K followers along with a real estate specific profile with an audience of 7K+.

-Email marketing database with 70K+ addresses.

Continue reading “Deep Creek Lake Real Estate: Why List with Us?”

“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 19^th 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 15^th 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.

December 2019  – We finished the month with 47 new listings, down from 48 new listings last month. There 21 fewer homes for sale right now than last month and the median price in November was $250,000. The best news of all?!?! The Wisp was able to open on December 13! As I write this, I am looking out my window at the amazing view of operational chairlifts and real human bodies skiing down the mountain!

Continue reading “December 2019 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 19^th 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 15^th 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.

October 2019  – We finished the month with 48 new listings, down from 52 new listings last month. There 50 fewer homes for sale right now than last month and the median price in October was $210,000. People seem to get better deals in the fall with the listings that may not want to spend another winter on the market for sale. We are squarely in the off-season here at the lake right now, waiting for ski season to start and the holidays to arrive. In looking back on this stats blog that I have been writing all year, I am thankful for those of you who continue to read and follow up with the real estate market at Deep Creek Lake!

Continue reading “November 2019 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 19^th 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 15^th 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.

September 2019  – We finished the month with 52 new listings, down from 69 new listings in August. The biggest news I report on below is the 63 total closed sales last month! Its 37% over 2018 and 31.3% from last month. Year to date sales are up to 365 homes – up 4.3% over last year. Meanwhile, the leaves are coming off of their peak in most areas and I have a fair amount piling up in my yard. The air is crisp and while it’s been frosting a few nights, it still is warming up to the low 60s on most days. Plenty of time for fall hiking, golfing and even one last boat ride. Most docks are now out of the water, but the lake is still as gorgeous as ever.

Continue reading “October 2019 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 19^th 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 15^th 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.

August 2019  – We finished the month with 69 new listings, down from 71 new listings in July. The biggest news I report on below is the massive jump in median sales price. It rose 59.2% to $306,500! I think more lakefront sales (higher overall sales price) play the biggest part here in determining this stat. More positive news –  interest rates dropped again this week and that should pave the way for more buyers who just cannot pass up the opportunity to purchase a primary home or even a weekend getaway and pay historically low interest rates. The leaves are starting to change and showing signs of fall, but the stats below show that the summer of 2019 at DCL is still going strong! Continue reading “September 2019 Real Estate Rundown By Jay Ferguson”