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)
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.
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!
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?
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’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 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, 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)