Your Deep Creek Lake Real Estate Update for August 2018

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.

Your Deep Creek Lake Real Estate Update for August 2018

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.    

Browse Deep Creek Lake homes for sale now!

Market Update: Deep Creek Lake Homes for Sale

Get the scoop on Deep Creek Lake homes for sale and the state of the real estate market for July 2018!

Taylor-Made agents had twenty-nine transactions last month for a total of $8.4 million. Twelve of them were sold within three weeks with a total average just over three months on the market.

Deep Creek Lake homes for sale

Buyer Tips: With the end of summer and the start of the school year in sight, the number of buyers begin to thin out. It is a good time to find your perfect home without competing offers.   

Seller Tips: It has been a rainy summer. Make sure you check all of your downspouts and water drainage. Puddling water can seep into basements causing mold.

More Info on Deep Creek Lake Homes for Sale

Whether you are buying or selling, contact one of our agents for more info on Deep Creek Lake homes for sale. You can also browse area listings online to start the search for your dream home!

Deep Creek Real Estate Company has a New Broker!

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!

Deep Creek Real Estate Company
Jay Ferguson, Taylor-Made Co-Owner, Congratulates Bob Carney the New Broker of Record

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!

Jay Ferguson – Garrett County 2018 REALTOR® of the Year

Jay Ferguson Garrett County 2018 REALTOR® of the Year!
Jay Ferguson named 2018 Garrett County REALTOR®️ of the Year!

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 Ferguson, GC REALTOR®️ of the Year!
Jay Ferguson, GC REALTOR®️ of the Year, with his wife Jessica and their children Kayleah and Noah

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

May 2018 Real Estate Update

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.

Real Estate Update

Location, presentation and price are still the key factors in any real estate transaction. You have location nailed. Deep Creek Lake is the place to be.  Continue reading May 2018 Real Estate Update

Top 5 Tips to Increase Your Home Value

You can increase your home value no matter what your budget. If you are thinking of selling, little upgrades can mean a lot to buyers. You should focus your efforts (and your dollars) on tasks that pack the biggest punch.

Our real estate team put together a list of some proven ways to increase your home value. To be sure you spend appropriately for your target market, it is always recommended that you speak with an agent before getting started.

Increase Your Home Value

Kitchens Count

Buyers have always been focused on kitchens, and most are looking for something that is modern/updated. You don’t necessarily need a total overhaul. Even small investments can increase your home value.

Go for a fresh, coordinated look with new suite of appliances and a new countertop and flooring. Paint walls or cabinets and update hardware too. “Stainless steel” isn’t new but still indicates “modern” in the mind of the buyer. Also, quartz countertops are becoming increasingly popular due to their resiliency.

Focus on Floorplans

Adding to the living space in your home can definitely boost value. Many buyers are looking for either an open layout or flexible spaces that can suit a variety of purposes. Continue reading Top 5 Tips to Increase Your Home Value

April 2018 Real Estate Update

 

Flowers are starting to pop up for a late start to spring, trees are beginning to bud and the Deep Creek Lake real estate market is starting to wake up.

April 2018 Real Estate Update

The inventory in Garrett County grew a little to 338 homes but more importantly the sales are climbing out of the early year slump with thirty-eight homes sold in the past thirty days. Fourteen of them were lake area sales which is down over last year at this time, but still showing signs of a growing market.

The average sales prices was over $390,000 with the highest price sold being just under $1 million. Homes priced between $300,000 and $500,000 have been especially popular in the past few months. That has been a struggling market last few years as more of the higher priced homes were gathering more contracts. 

Deep Creek Lake Real Estate

Buyer Tip

Your best source is a local real estate agent. Let them guide you in the right direction. This market is starting to pick up and information on popular websites might not be updated. Let us help you find the perfect Deep Creek Lake home.  Continue reading April 2018 Real Estate Update

5 Tips to Sell Your Home this Spring

 

Check out our 5 Tips to Sell Your Home this Spring to get a leg up on the competition. Set yourself up for success during this busy buying and selling season!

 

5 tips to sell your home this spring

hire a realtor

First and foremost, you should partner with a real estate professional. Look for someone who is a full-time agent. They will know the local market. Your agent can also do the heavy lifting when it comes to negotiating with buyers.

Ask them about their marketing strategy for your listing. You want it to appear on all of the major sites like Zillow, Trulia, etc. Be sure your home will be professionally photographed as well. If your home doesn’t show well in the photos, buyers won’t want to see it in person. You can ask to see examples of their print or online advertising for past listings. Social media should be part of their marketing strategy as well.

make sure the price is right

Setting the right price is a big determining factor in how quickly your home will sell. This is where a good sales agent can really help you out. They will help you set an appropriate, realistic price for your location. Overpriced homes might sit on the market for a long time. That could scare away potential buyers. Sometimes, the assumption is made that something is wrong with the house if it is an old listing. Continue reading 5 Tips to Sell Your Home this Spring

Pros & Cons: Buying A Home In the Winter

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.

Buying A Home In the Winter

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.

Less competition from other buyers. With fewer people shopping for homes, you may be able to take more time putting in your offer. During the summer, you might feel more rushed to make your decision. Continue reading Pros & Cons: Buying A Home In the Winter

December 2017 Deep Creek Lake Real Estate Statistics

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.

Deep Creek Lake Real Estate Statistics Continue reading December 2017 Deep Creek Lake Real Estate Statistics