Real Estate Market Update-Deep Creek Lake MD-Spring 2011

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Real Estate Market Update-Deep Creek Lake MD-Spring 2011
Real Estate Market Update-Deep Creek Lake MD-Spring 2011

Real Estate Market Update-Deep Creek Lake MD-Spring 2011. Springtime is upon us here in Deep Creek Lake and the vital signs of our real estate market are at a steady and encouraging pulse. “Traditionally”, springtime and summertime hail as our busiest times for home buying and we “normally” see a lot of second home buyers shopping for their dream home here at the lake. Well, words like “traditionally” and “normally” are fine for folks in the real estate profession who count on the climate in the business to remain the same. As we all know, we are on the upswing of a grand recession and only current facts and knowledge should guide us in our decision making process.

This week, me and my wife, Betsy Spiker Holcomb, took the 4 + hour drive to the town of Richmond, Virginia to learn from legendary Real Estate guru Brian Buffini about the latest and most current information regarding all aspects of real estate. We were not alone as we shared the conference center with 1,500 other agents trying to learn as much about the current market as possible to pass on this valuable knowledge to their clients. The Spiker Team has always committed a substantial amount of time and money traveling around the East Coast to stay educated on the current real estate conditions from land/lots sales, secondary home sales, resort sales opportunities, updates in lending practices, facts about loans and interest rates that may help you in deciding the best time to buy, myths and facts about short sales and foreclosures, and so forth.

Email Betsy Spiker Holcomb for a current fact sheet that we have prepared pertaining to relevant  real estate information that will surely be of value to you if you are considering to purchase or sell real estate.

Real Estate Market Update-Deep Creek Lake MD-Spring 2011

Snowmobile Drag Races Deep Creek Lake

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Snowmobile Drag Races Deep Creek Lake
Snowmobile Drag Races Deep Creek Lake

Snowmobile Drag Races Deep Creek Lake

Let’s get ready to RUMBLE! Leave the boxing gloves at home this weekend, fuel up your snowmobile and head on down to the big drag races this Saturday February 12th, 2011.  This weekend the crowd will be at Harvey’s Farm, 2482 Sandflat Road watching the bold and brave flex their ego’s and horsepower at this classic Garrett County event.  I am bursting with excitement because this is my first sled drag race other than racing my husband Bob for bragging rights on the lake.  I’m still on the fence whether I will suit up and represent the ladies in this all day event.  Watching my new husband race may be about all the excitement I can stand in one day, personally.  I can’t wait to watch the thunder in all the different classes which go from Stock, Super Stock, and Pro Modified.  Word is that the big dogs are bringing in their super hot rods that will be thrilling to watch as they can reach some rally insane speeds.  Bring your family, and tell your friends about this supercharged winter event.

Snowmobile Drag Races Deep Creek Lake
Snowmobile Drag Races Deep Creek Lake

North Camp Development, Wisp Resort, Deep Creek Lake

 

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
North Camp Development, Wisp Resort, Deep Creek Lake
North Camp Development, Wisp Resort, Deep Creek Lake
Betsy Spiker 301-616-5022

North Camp Development, Wisp Resort, Deep Creek Lake. Let me let you in on a little secret here in Deep Creek Lake.  On the Northwestern side of Wisp Mountain there is an up and coming community that is destined to become a favorite among second homeowners here at the lake. Wisp Resort’s newer community, North Camp, has tremendous personality that day-time visitors and winter sports enthusiasts cannot fully appreciate unless you visit at dusk, when most are home cooking dinner with their families. You cannot believe the sunsets on this virtually undeveloped side of Wisp Resort. It is only a few minutes from my front door and I routinely put dinner on hold to buzz over to relax and absorb some tranquil sunsets.

North Camp Development, Wisp Resort, Deep Creek Lake

 Most people interested in mountain real estate visit during the day and have no comprehension of fiery calm sunsets that consistently grace Garrett County. Homes and homesites look 50+ miles across a maze of mountain ranges and spectacular views extending deep into West Virginia. Don’t forget that you are only a few strides from the new Wisp Resort ski slope expansions with great ski in/out opportunities right off the ski lift seconds from primetime runs. Take a little time next visit and give Betsy Spiker Holcomb a call; let her team show you around an amazing mountain that we are proud to call our home.

North Camp Development, Wisp Resort, Deep Creek Lake

PONTOON TOUR ON DEEP CREEK LAKE!

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

PONTOON TOUR ON DEEP CREEK LAKE!

PONTOON TOUR ON DEEP CREEK LAKE!
Summertime Paddleboard session

 Are you seriously considering buying property on Deep Creek Lake? If you are, The Spiker Team at Long and Foster in conjunction with Deep Creek Marina have something that may be of interest to you. On August 4, 2010 at 12pm we will be hosting a Pontoon Boat Tour with lunch provided around Deep Creek Lake to give you a view on the lake through our eyes and show you the many different personalities the lake has to offer. We will start out in the North end of the lake close to Wisp Resort & shopping and continue toward the South end of the lake to what is perceived as the “quiet” end of the lake.

Join us for lunch and learn about the unique areas around Deep Creek Lake and view some of the truly spectacular lakefront and lakeview properties from the water. Just shoot an email to betsy.spiker@lnf.com with your contact information below and we will contact you with the details.

PONTOON TOUR ON DEEP CREEK LAKE!
Fall Deep Creek Lake glass

 

We look forward to having you join us for a fun and informational cruise on the lake. Please include the words “pontoon tour” in the subject line and let us know how many people will be in your group. Seating is limited so reserve your spot today.

PONTOON TOUR ON DEEP CREEK LAKE!
deep creek lake summer glass

Real estate market looking up at Deep Creek Lake

 

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

Real estate market looking up at Deep Creek Lake. YES, this statment is proving to be true!  There have been 17 residential sales thus far in 2010, with sales prices ranging anywhere from $80,000-825,000.  On top of that, there are 32 additional residential properties that are under contract or pending sale with asking prices of  $42,900-2,250,000.  This is potentially 49 sales for the 1st quarter of 2010.  Nothing to shrug off considering the low consumer confidence we’ve seen over the last 18 months.

For comparison, there were 18 home sales during the same time last year ( 1/1/09-3/1/09), 32 sales in 2008, 49 sales in 2007 and 67 sales in 2006.  Our average list price to sales price ratio is still 91%, which is considerably good when looking at the nation’s averages.  (Source for # of units sold: Metropolitan Regional Information Systems, MRIS)

Deep Creek Lake’s real estate source

Real estate market looking up at Deep Creek Lake
Real Estate expert Betsy Spiker Holcomb

 

Mali Mae Holcomb Deep Creek Lake

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

 

Mali Mae Holcomb Deep Creek Lake
Deep Creek Lakes snow dog
Mali Mae Holcomb Deep Creek Lake
Mali Mae Holcomb Deep Creek Lake

Well, if you haven’t noticed from past blogs, it’s obvious that I’m a dog lover!  When we brought our first ever French Mastiff home in May 2008, we thought our lifestyle of living between Deep Creek Lake and the beach would suit her to a tee.  What we discovered, after several trips to the Outer Banks of North Carolina, was that Mali didn’t care for the heat, the sand or the ocean water!   In fact, it was all we could do to coax her onto the beach, which made it a long day for both her and us.  As evidenced by the photo above, Mali would simply plop herself down by the sand fence in hopes we would take her back to the house.

 

Mali Mae Holcomb Deep Creek Lake
Beach dog
Mali Mae Holcomb Deep Creek Lake
“What chew talkin bout?”

However, when her first winter came around it was quite evident that she was a snow dog.  The 2009/2010 winter at Deep Creek Lake, Maryland has given us a whopping 19′ of snow thus far.   Our last big storm left Mali’s head barely above the snow when she went out to play.  There was a time early this winter that she used to go off the back deck to do her business; now the steps leading off the deck are blocked by a 5′ barrier of white splendor.  The photo below was taken just this weekend following her bath.  Rather than dry off by the fireplace, like our terrier, she preferred to roll around in the snowdrift soaking wet!

Mali Mae Holcomb Deep Creek Lake
Got you in my sights
Mali Mae Holcomb Deep Creek Lake
Mali Mae

 

 

A friend of mine sent me this poem today.  Thought I would share…

If you want someone who will eat whatever you put in front of him
and never say it’s not quite as good as his mother’s
..then adopt a dog.

If you want someone always willing to go out, at any hour,
for as long and wherever you want  …
..then adopt a dog.

If you want someone who will never touch the remote, doesn’t care
about football, and can sit next to you as you watch romantic movies
..then adopt a dog.

If you want someone who is content to get on your bed just to
warm your feet and whom you can push off if he snores
..then adopt a dog !

If you want someone who never criticizes what you do, doesn’t care
if you are pretty or ugly, fat or thin, young or old, who acts as if
every word you say is especially worthy of listening to, and loves
you unconditionally, perpetually ..
..then adopt a dog.

BUT, on the other hand, if you want someone who will never come
when you call, ignores you totally when you come home, leaves hair
all over the place, walks all over you, runs around all night and only
comes home to eat and sleep, and acts as if your entire existence
is solely to ensure his happiness …
..then adopt a cat!

Now be honest, you thought I was gonna say… marry a man, didn’t you?

 

Mali Mae
Lazy days at Deep Creek Lake
Mali Mae
Sweepy Mali

Deep Creek Lake Reaching Out to Virginia

 

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

Deep Creek Lake Reaching Out To Virginia

 

People from Baltimore, Washington DC, Northern Virginia, Pittsburgh and many other areas that surround Deep Creek Lake all get what it is that makes this place special. After all, Deep Creek is within a three hour radius of 25 million people, many of whom know all too well what this part of the country has to offer. People who have time and money invested in Garrett County have been rewarded with something much more valuable than just that. They have been rewarded with endless, lifelong, family memories that are deeply embedded in their children.

Deep Creek Lake Reaching Out to Virginia
Deep Creek Lake skiers

 Deep Creek’s reputation has extended its reach down to Hampton Roads, Virginia.  Those who had never heard of Deep Creek Lake and Wisp Resort have found a heaven they will never forget. You have heard me over the last few months preaching the gospel of winter sports and an abundance of quality snowfall. Sure, people from Virginia have visited other resorts in Virginia, West Virginia, and Pennsylvania when a change of pace is needed.  However, none on these ski resorts have a 3,000 acre lake that serves as the backbone to this four-season resort. The people of Virginia are being more and more enlightened to what millions of others have already discovered and call their home away from home for decades. Today at Wisp Resort, we have an icy blue sky that is radiating off a perfect carpet of snow onto smiling faces of a packed Wisp Resort. Some of these happy faces are friends in from Virginia Beach who are enjoying a perfect first visit that will certainly not be their last.

Deep Creek Lake Reaching Out to Virginia
Skiing Wisp Resort

 

 

 

 

Deep Creek Lake Winter Extension

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

 

Deep Creek Lakes Winter Extension

 Deep Creek Lake Winter Extension. Well the groundhog has extended our winter season, which is fine by me considering I have not had my fill of snowboarding this year. Wisp Resort was jam-packed this weekend with happy skiers and snowboarders. The talk among the local winter sports enthusiasts is that it has been some of the best snow that we have had in decades. The recipe for that perfect champagne powder is cold temperatures, low humidity, and snow, snow, SNOW. This is something we have had plenty of. Bring your family to Deep Creek Lake and come join us and the winter extension. See you on the slopes!

 

Deep Creek Lake Winter Extension
Deep Creek Lake

 

Deep Creek Lake Winter Extension
Wisp Resort

Deep Creek Lake, Maryland Market Update

Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor
Betsy Spiker Holcomb Deep Creek Lakes Favorite Realtor

Deep Creek Lake, Maryland Market Update. Our market seems to be stabilizing and the average sales price is consistently climbing.  The graph below shows the latest data on Sold listings for the last nine quarters in Garrett County, Maryland.  The flattening of the arc is encouraging, as well as the increase in Sales Price.  Feel free to contact me anytime for a specific market update on the property-type you’re most interested in buying or selling (waterfront homes, slopeside homes, homesites, condos/townhomes at Deep Creek Lake)

www.DeepCreekLakeProperty.com.

Deep Creek Lake, Maryland Market Update
Deep Creek Lake, Maryland Market Update

Deep Creek Lake, Maryland Market Update