may – Jay's Real Estate Blog

What’s Up at Deep Creek? Glad you asked! Here’s the scoop on area happenings for May 2023.

One. Last. Chance. at Sipside Lounge

May 3, 5-9PM
Hosted by Barb and Pat Franc, this fundraiser benefits the Garrett Regional Medical Center Foundation. Open to the public, is supports the GMRC’s Behavioral Health Center. There will be a cash bar, drink specials, and live music.

Fletcher’s Spring Fling
May 5, 6:30PM
Join us for a Fun Filled Celebration of Fletcher’s Miracle Journey! Fletcher’s Spring Fling is a fundraising event to benefit Fletcher Layne Fazenbaker’s family. She was born with a rare congenital brain tumor and received treatment at St. Jude’s Children’s Research Hospital. Her family is experiencing financial burdens due to the time away from home, work and their business. There will be live music by the Remedy, food by Goehringer’s Catering, bouquet bar by Jeffries Farm, The Travel Mug Coffee Trailer, games, prizes & more!

The Meadow Spring Kick Off Event 2023
May 6, 8AM-4PM
Halian Landscapes and Mosser Meadow Nurseries invite you to their 2nd annual spring kick off. There will be plants, artisans, food, and fun!
-ABPH Art
-Bearded Bee
-Fernwood Soap
-Mountain Magic Candle Company
-Pleasant Valley Woodcrafts
-Spruce Knob Maple
*FOOD: Coffee Bar, Wildom Farm and Sweitzer’s BBQ
*LIVE MUSIC: by Terah Crawford
*FREE Kettle Corn and Face Painting

Team Trivia
Every Thursday, 6:30-8:30PM
Mountain State Brewing Company hosts team trivia every Thursday throughout the year!

Team Bingo
Every Sunday, 1PM-3PM
Mountain State Brewing Company hosts team bingo every Sunday throughout the year!

Mountain Fresh Spring Farmers Market
Every Saturday in May, 10AM-1PM
Held at the pavilion off 2nd Street in Downtown Oakland by the town parking lot, local vendors offer farm fresh produce, baked goods, handmade crafts, and more.

HART for Animals Guest Bartender Challenge
May 10, 6-9PM
Taylor-Made real estate is your host at Mountain State Brewing Co. for the annual Have a HART Guest Bartender Challenge! Stop by for a drink and help support a great cause!

Plant Your Own Herb Planter
May 11, 18, and 25, 6:30PM
Three Sisters Farm will provide several varieties of culinary herbs, a strawberry pot to plant them in and soil. Cost is $5 and includes food from Big Dogs Deli. Bring a beverage of choice. Space is limited and you must be pre registered.

Mountain Maryland Native Plant Festival
May 13, 10AM-3PM
New Germany State Park is the location for this celebration of native plants. There will be native plants for sale, family friendly activities, nature walks, and educational displays.

Mother’s Day Brunch Buffet at Savage River Lodge
May 14, 10AM-2PM
Reservations are recommended for this Lodge tradition that features made to order omelettes and waffles, a carving station, and assorted side dishes and desserts.

Mothers Day Buffet at Wisp Resort
May 14, 11AM-2PM
Wisp Resort offers a delicious buffet and complimentary photos for you and your mom. Reservations are required. Call 855-990-0304.

Dutch’s Wine Pairing Dinner
May 18, 4-9:30PM
Dutch’s at Silver Tree offers a special wine pairing dinner menu with Garrett Mentors, a local children’s mentoring organization, receiving funds from the sales. Please call Dutch’s to make your reservation: 301-387-0525!

National Road Festival Yard Sale
May 20, 8AM-1PM
Held throughout the town of Grantsville, the National Road Festival Yard Sale has become one of the biggest events of the National Road Festival. Other events going on during the yard sale include:

Free appraisals provided by Blue Moon Antiques
Car Show, Grantsville Town Park
Food Trucks, Grantsville Park
Live Music in the afternoon sponsored by the Grantsville A&E District
Kids’ games provided by JTF

Growing and Caring for Lavender
May 20, 10-11:30AM
Deep Creek Lavender Farm’s owner, Anne Davidson, teaches you about growing, propagating, and caring for Lavender. Learn about the history and uses of lavender. Plants and lavender items can be purchased after the class.

Make a Wood Wick Dough Bowl Candle
May 20, 10:30AM
Head to The Studio at Marsh Hill to learn to make a triple wood wick candle. Mix scent into the wax and pour into a rustic wooden dough bowl. The class cost is $52.

2nd Annual Deep Creek Lake Memorial Weekend Craft Show!
May 26 3-7PM and May 27 10AM-6PM
Held at the Garrett County Fairgrounds, this event includes numerous craft vendors along with great food.

Mountains and Museums
Memorial Day Weekend
All seven of the county’s museums will be open during Memorial Day weekend for the Mountains and Museum event, on Saturday, May 27, 2023. The Oakland Museums will be open on Friday and Saturday, May 26-27,2023, 11-4 and Sunday, May 28, 2023, 12-3

May’s homes sales kept the momentum going of the last few months. Again, 17 home sales in the month of May, the same as the March and April. Finally, some consistency! The pieces of the puzzle are continuing to fall into place and their are a decent number of home sales and comparable prices to report. These sales assist agents and sellers alike in making pricing decisions; as well as offering buyers a solid footing on which to make offers – the essence of the market based real estate system. More sales = more information about where we are and more importantly, where we are going.

There were 25 total sales during the same period last year (May 1-31, 2009).

4 of those sales were for full price – or higher!

There are 48 properties currently under contract compared to 49 last month. This number is destined to change later today, as I personally have another pending sale to add to the total.

8 of the 17 sales appear to me to be vacation homes, or at least in the Deep Creek Lake area. The rest seem to be primary residential homes scattered across Oakland, Granstville, Swanton and Accident.

The average list vs. ORIGINAL sales price was 85.22%, up 15% from last month (70.67). The biggest part of this number is the high listing numbers that sellers start with. I blogged about this a few months ago. Sellers are starting to get the picture now, and those who can afford to sell for less, are.

The ADJUSTED list vs sale price is 92.37% – up again from last month (90.47%). At the height of the market, the Deep Creek Lake list to sale price was 97% of asking price, but these numbers are definitely improving.

The current number of active/for sale residential listings is 737 as of today. This is up from last month (665) considerably, but it’s a historical fact that the listing numbers jump around Memorial Day, because that’s when the buyers start to show up in full force.

Here are the statistical breakdowns:

Average Sale Price: $409,316 (last month) $332,294

Average Days on Market: 256/267 (last month 219/219) (days on market with current broker/total days on market)

Of the $13,951,930 in total dollar volume in the month of May, Railey Realty was responsible for $9,178,995 – a whopping 66% of the Garrett County real estate market!

#1 in Garrett County & at Deep Creek Lake since 1995.

If you are thinking of 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! 877-563-5350

Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/!

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