Buying a home in the winter has its pros and cons. In this article, I’ll explain both sides to help you make an informed decision when you are browsing Deep Creek Lake real estate.
Some people to think that the summer is the best time to buy or sell. A ski in/ski out townhome might not have any issues selling in the winter. Meanwhile, a lakefront home at Deep Creek Lake may have more appeal in the summer. It depends on the specifics of the deal.
Pros of Buying a Home in the Winter
Motivated sellers. Agents often advise clients to wait until the spring to list their home. A seller who lists in winter likely really needs to sell. This can work to a buyer’s advantage. It can give you leverage when negotiating the price.
December 2017 Deep Creek Lake Real Estate Statistics
The lake maybe frozen over right now, but it was hot last year! The county showed 32% sales volume increase in total sales over last year. The lake area sales were up 44% over last year. That tells me buyers are getting comfortable with the economy and ready to spend. The market was showing mixed signs with listings. It was neither a seller’s market or a buyer’s market. Each property was different. Some properties sold less than list price, some at list price, some over and we even had multiple offers on listings with escalation clauses. Things have slowed down since the snow has been falling, but things are simmering and getting ready to boil over for strong spring market.
For Taylor-Made owners, the Deep Creek Lake vacation rental market is experiencing an excellent first quarter for the 2018 fiscal year. It has been exciting to see the growth in the variety of vacation rentals available to vacationers in recent years.
Summer is always a popular time to visit, and our occupancy levels were 39% more than in 2016. Fall travel to the area is also on the rise. By mid summer, our September 2017 reservations were already 9% ahead of last year, and we finished that month with an overall 14% increase in stays.
Aggressive marketing, that includes distribution of Taylor-Made homes on Booking.com and Air BNB, coupled with the post-Labor Day start for Maryland schools contributed to driving more reservations during this time.
Because of the later start for MD schools, we tested out extending prime summer season rates by one week. There was no negative impact, so we will continue with this to maximize owner revenue.
Over the years, we have shifted our focus to more online channels. They are more easily trackable. That gives us a better idea of where marketing dollars are best spent in order to benefit our home owners.
“We appreciate all of your efforts to market our property Ski Shore. 2017 has had the highest rental income we have had in 19 years.”~ Ski Shore Owners
Your Deep Creek event update for late summer includes fun festivals and great events that are being held throughout the area. Check out last minute vacation specials, and head to Deep Creek Lake. It is a great time to have some fun while you are touring Deep Creek homes for sale.
Free concerts at Wisp Resort continue every Wednesday through August 30th. Bring a blanket or some chairs, and be there at 6:30.
Kendall Camp is a mountaintop community that is an ideal spot for your next getaway no matter what the season.
Highlighted by big timber construction with stone accents, these towhomes give a true alpine vibe as soon as you pull through the gate. They offer 4-5 bedrooms, open floor plans, fireplaces and plenty of square footage for your family and friends.
Within a short walk, whitewater thrills are waiting for you at the Adventure Sports Center International (ASCI). The man-made recirculating course is the only one of its kind in the world. Guided rafting trips are available, and experienced paddlers with their own equipment can purchase passes to head out on their own. You can even try River Boarding – where, after a little instruction, you can swim in the rapids with a modified boogie board and fins.
Jump in! The water is great and so is the Deep Creek real estate market! Agents are putting on more miles driving buyers around this year than last. June sales were down some from the previous month, but the showings haven’t slowed down. Location, presentation and price are all still king in this real estate market. Lake area sales are up this year by 57% county wide.
Deep Creek events are popping up everywhere this month! You can shop for farm fresh produce, test your endurance with a long distance bike ride, taste delicious treats from Deep Creek Lake restaurants and much more!
Deep Creek Lake Discovery Center
Activities Daily throughout the Month
From guided hikes and aviary tours to butterfly walks and crafts for kids, the Discovery Center can help you explore the outdoors.
You can already get a good look at the inside of our homes using Matterport 3D tours. When those are paired with a virtual reality headset, you are completely immersed in a 360° experience of the property. Walk from room-to-room and see every detail just like you are there in person.
VR headsets are available in both of our offices and are an ideal way to see Deep Creek Lake homes when they are occupied. Many properties in this area are vacation rentals which sometimes makes it challenging for prospective buyers or renters to access the home. That’s where virtual reality comes in. This is a great tool for both our real estate and vacation rental teams. Continue reading Virtual Reality: See Deep Creek Lake Homes in a New Way