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

 

Garrett Realtors back anti-fracking legislation

OAKLAND — Two bills in the Maryland legislature dealing with studying the health impacts of fracking have received the support of the Garrett County Board of Realtors.

House Bill 449 and Senate Bill 409 both call for a statewide moratorium on natural gas development that uses hydraulic fracturing, commonly known as fracking, until certain studies are completed to determine the health effects that the technology poses to communities.

The Board of Realtors notes that property values are negatively impacted for homes in proximity to gas well development. The stigma from the possibility of health-related water well contamination contributes to upwards of 20 percent or more negative impact on home values, according to the board.

Read More Here:  http://www.times-news.com/news/local_news/garrett-realtors-back-anti-fracking-legislation/article_2125fd02-c86a-11e4-bf78-533fbf1806f7.html

Western Md. Realtors support fracking moratorium bills

Posted: Mar 10, 2015 2:58 PM EDT Updated: Mar 10, 2015 2:58 PM EDT

OAKLAND, Md. (AP) – Real-estate brokers in far western Maryland are supporting a proposal in the Maryland General Assembly for an eight-year moratorium on hydraulic fracturing for natural gas pending further study.

The Garrett County Board of Realtors expressed concern Tuesday about the possible impact of fracking on public health. They say fears of health problems from well-water contamination can reduce home values by at least 20 percent.

Garrett County contains most of Maryland’s share of the gas-rich Marcellus shale.

More here.

 

Relying On An Agent

by Carla Hill

The latest NAR Profile of Home Buyers and Sellers showed a growing trend among recent buyers.

The latest figures show that 89 percent of buyers purchased their home with the help of a real estate agent or broker. This is a sharp increase from a decade ago in 2001, when only 69 percent of buyers enlisted the help of an agent or broker.

Why do today’s buyers buyers choose to work with an agent? Let’s look at just a few of the many reasons an agent can be your biggest ally.

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

Railey Realty Welcomes Jay Ferguson, REALTOR – Railey Blog


Railey Realty Welcomes Jay Ferguson, REALTOR

By: Mike Kennedy
mkennedy@railey.com
301-616-6106
February 24th, 2010
Category: Garrett County News, News

Lifelong Garrett County Maryland resident Jay Ferguson has joined Railey Realty – Deep Creek Lake and Garrett County’s leading real estate company since 1995. Jay has spent the last 9 years in the real estate business with Long & Foster Real Estate. He was the office individual top producer for 6 consecutive years, and a Hall of Fame member of the Gold Team – a distinguished honor in the company based on annual sales of $5 million or more for 8 of the last 9 years. Jay has expanded on his Realtor education as a GRI (Graduate of the Realtor Institute), RRS (Resort Recreation Specialist) and an e-Pro (internet transaction & marketing specialist).

Jay has successfully blended his background in web design and internet marketing / consulting to propel his real estate sales career and grow his business. He has worked with hundreds of clients throughout the years and has assisted many first time home buyers and friends in the dream of home ownership. Ferguson says, “I was born and raised in Oakland & at the lake, and it’s incredibly exciting to introduce new residents to everything that Garrett County has to offer. I’m very proud of how much our area has grown throughout the years and the many new businesses & attractions that make our home even more special.”

Ferguson has specialized in Southern Garrett County homes/land & Deep Creek Lake vacation home/building lot sales, though he has vast experience in all other areas of the county, as well. Jay has sold and marketed everything from small recreational lots, to farms, single family homes and vacation homes at Deep Creek Lake and Wisp Resort. “I greatly appreciate the opportunities and the people that I have worked with through my years in the real estate business. I have learned a lot from some truly great friends, colleagues, and real estate professionals. I look forward to a new challenge in my life and adding my sales experience and web marketing to the area’s #1 real estate agency. I am always eager to learn more from some of the greatest Realtors the county has to offer, as well as working with a locally owned real estate company.”

Railey broker and owner Kevin Liller had this to say about Jay. “We are really excited to have Jay join the Railey Realty team. Jay is a quality person who brings a vast knowledge of real estate and internet marketing as well as a very loyal customer and client base.”

Jay and his family live in Mitchell Manor in Oakland. He and his wife Jessica have two young children, Kayleah, 10, and Noah, 2. Jay is the son of Jerry & Sherry Ferguson, both Garrett County natives.

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

Jay Ferguson has joined Railey Realty at Deep Creek Lake

It’s official: I have teamed up with Deep Creek Lake & Garrett County, Maryland’s #1 Real Estate brokerage, Railey Realty. I’m really looking forward to the opportunity to grow my real estate business and to continue to provide excellent service and sales to all of my friends, family and clients! A special thanks to all of my friends and colleagues that I have worked with through years while at L&F – it was a very special 9 years of my life 🙂

If you are in the market to buy or sell real estate in Garrett County or at Deep Creek Lake, I would LOVE to be your agent!!!

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

Decoding Housing Market Data- Deep Creek Lake

Great article from Zac Bissonnette @ WalletPop. His ultimate conclusion is to contact a local Realtor who can assist in decoding housing data for your community/area. I am always happy to try and assist buyers or sellers with statistics that matter most to them, so feel free to call me or email me if you want more information about the Deep Creek Lake real estate market.

The problems with housing market data: What does it all really mean?
Zac Bissonnette
Feb 16th 2010 at 7:00AM

Housing data contradictory

We’re inundated with data on the housing market every day, and the stock market moves rapidly in either direction depending on the perception of the moment: Are things getting better or are they getting worse?

One of the problems with studying the housing market is that it’s nearly impossible to draw any useful conclusions from the data. Consider the following data points:

* The USA Today reports that existing home sales “skyrocketed” 27% in the fourth quarter of 2009 versus the prior year period, and the “national median price for an existing single-family home was $172,900, or 4.1% below the median price in fourth-quarter 2008.”
* On a more local level, Trulia reports that the “Median sales price in Boston, MA went up 5.55% to $532,500 from prior quarter.” Furthermore, “Average price per square foot in Boston, MA went down 5.41% to $612/sq ft from prior quarter.”

The problem is that relatively minor changes in the mix of homes being sold can have a dramatic impact on the data, making apples to apples comparisons absolutely impossible.

As the jumbo mortgage market continues to struggle and investors pick up bargain-priced income properties, the median sales price skews lower because such a high percentage of the homes that are selling are low-end properties: million dollar listings just aren’t moving these days.

So, you say, no problem: looking at the “average price per square foot” will solve that problem. That irons out the differences in product mix, right?

Nope. The problem is that larger homes typically sell for a lower per-square-foot price than smaller homes of comparable quality in similar areas. A two-bedroom condo might have 900 square feet compared with 600 square feet for a one-bedroom condo in the same complex, but the two-bedroom is unlikely to sell for 50% more money. The 300 square feet represents an extra bedroom, but the greatest cost of the property comes from factors like bathrooms, kitchens, heating systems, etc., which do not rise proportionately with square footage. The extra bedroom is relatively cheap square footage, and that’s why smaller properties tend to have a higher per-square-foot value.

Take the Boston market for example: median sales prices are rising while prices per square foot are falling. That seems like a contradiction, but it could make perfect sense: if the market for larger homes has strengthened that would explain the jump in median sales price and the fall in price per square foot. But, and this is the problem, it tells you absolutely nothing about home values. It just tells you what kinds of homes are selling.

If you’re trying to get a handle on the real estate market in your area, looking at broad data points like this is probably not the way to go. Instead, look at a certain property and then see what prices comparable properties sold for last year and the year before — and note changes in the days on market too, to get an idea of liquidity. A local realtor can supply you with all this information, or you can find much of it yourself online.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350