PRICE REDUCTION!

Backs to Garrett State Forest! 15.43 acres with a ~30×60 pole building in coveted Youghiogheny Mountain Resort. Community has over 2,400 acres and over 50 miles of ATV, snowmobile and hiking trails. Private access, mostly wooded but not too remote – 4G cell service at property. Electric close by. Plenty of storage for all of your outdoor vehicles, campers, etc. The perfect getaway!

Birchwood Drive Price Reduction Social Media

 

New listing! 190 Morning Glory – GA8347218 – $469,000 – 5BR chalet + views

The mountain escape you’ve been waiting for! Newer log home & vacation rental ‘Chalet on the Hill’ boasts amazing 270 degree views of the surrounding mountains, Deep Creek Lake State Park, Meadow Mountain and several working farms of Garrett County. Inside, enjoy modern finishes spanning 2 living areas, loft, 5BR, log beams & more. Enjoy the great outdoors from the hottub or covered porch! More here.
This property is for rent! Click here for details!
Listing Information
Property Type: Vacation Home
5 3 Full/1 Half
65,776 Sq. Ft. 2,576 (approx) 2012
3
NORTH GLADE MEADOWS
Well
Septic
School Information
CALL SCHOOL BOARD
Room Information
Bathrooms
3 1
Kit-Dining Combo, Kit-Living Combo, Eat-In Kitchen, Other
Interior Features
 Propane, Other, Forced Air, Other
Full, Fully Finished, Improved, Heated
 1
 Other, None
Exterior / Lot Features
 Deck, Spa
 Drvwy/Off Str
Wood, Stone, Log
None
Shows Well
 Deck, Porch-wraparound, Backs to Trees, Open, Private

Maryland Home Sales Fall in June

August 13, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell in Maryland during June as a shrinking housing inventory left buyers with fewer choices according to the latest housing data from the Maryland Association of Realtors® (MAR).

An estimated total of 5,122 existing single-family homes and condos were sold in the Old Line State in June. That was 3.9 percent lower than the 5,328 homes sold in May but was still 3.5 percent higher than the 4,949 homes sold in June 2011.

The median sales price for an existing home in Maryland increased by 1.0 percent in June to $261,772, up from $259,207 in May and was 7.8 percent higher than the median price of $242,796 in June of last year.

Of the 24 counties and cities that provide data for the monthly report, thirteen reported gains in home sales or were unchanged over the previous year with Talbot County (+68.2 percent) reporting the largest increase of counties with over 20 sales while Garrett County (-20.0 percent) posted the largest monthly decline in sales.

More here.

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!

877-563-5350 – toll free — 

 Search Homes & Lots for Sale at Deep Creek Lake & Garrett County, Maryland
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April 2012 Real Estate Market Update – Residential

24 properties sold in April 2012, up 4 from last month. Last year there were 21 homes that sold in April, so we beat last year’s number, as well.

Let’s take a look at the rest of the stats:

There are 49 homes under contract right now (44 last month).

The average list vs. ORIGINAL sales price was 82.25% – (last month 77.80%).

The ADJUSTED list vs sale price was 89.13 (last month 90.58%).

The current # of active/for sale listings in MRIS (minus timeshares) is 636, up from last months 591. There are about 20 properties coming on the market each week this time of the year. We have a 26.5 month supply of homes available (minus timeshares) based solely on the April sales numbers.

Random observations:

•3 ‘newer’ homes sold in April (5 years old or less)

•It appears that 19 or so of these sales were vacation homes

•12 homes sold at/under $300,000 (last month was 11)

•15 homes sold under $400,000 (last month 15)

•0 homes sold over $ 1 million (0 last month)

•1 home(s) sold for higher than full price or at full price (last month was 3)

•One house sold for 52.63% of asking price – 15 Maybury Ln

•The oldest home that sold was 128 yrs old (4743 Old Morgantown Rd)

•The average age of the homes that sold was 32 years (24 last month)

•2 condo/townhouse/fractional properties sold (6 last month)

Here are the statistical breakdowns:

Average Sale Price: $318,094 (last month $293,150)

Average Days on Market: 298/435 (last month 272/297) (days on market with current broker/total days on market) – this number took a HUGE jump this month, as there were 2 homes that sold after being on the market for 1,211 and 1,546 days, respectively.

There are still some great deals out there, and some that aren’t so great – I can help you figure out which properties are good buys & why – call/email me for a free consultation of any properties you are interested in!

Search real estate for sale at Deep Creek Lake & Garrett County

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!

877-563-5350 – toll free

>Home sales hit 6-month low, supply rises

>By Lucia Mutikani

WASHINGTON | Tue Jun 21, 2011 2:22pm EDT

WASHINGTON (Reuters) – Sales of previously owned U.S. homes hit a six-month low in May and supply rose, pointing to a housing market still struggling to regain its footing.

The National Association of Realtors said on Tuesday that sales slipped 3.8 percent month over month to an annual rate of 4.81 million units, the lowest since November.

It was the second straight month of declines. The drop was smaller than economists had expected, but the April sales figure was revised lower, leaving a report that was largely in line with expectations in financial markets.

While the fall in sales last month was partly due to tornadoes and flooding, with sales in the Midwest and South hit the hardest, it underscored fundamental weakness.

Read more here.

If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.

877-563-5350 Questions about ANY listed property? I can help! Call me!
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