Archive for March, 2010

Mountainside at Deep Creek Lake Community Profile

Jay Ferguson By: Jay Ferguson
jferguson@railey.com
301-501-0420
March 24th, 2010
Category: Community Profiles, Deep Creek Lake, Deep Creek Lake Real Estate


Mountainside memories will be yours forever in this lovely wooded lake access community at Deep Creek Lake. Spectacular views are afforded on many lots while others offer that tucked away privacy you are looking for. In fact, one of the best views of Deep Creek Lake can be found atop this towering community. This exquisite neighborhood offers a great location, plus on-site amenities including a lakeside clubhouse, tennis and basketball courts with pavilion, hiking trails and boat dock privileges. You will find the perfect blend of architecture and design, as well. Make Mountainside your home away from home!


Special Features

Lake and mountain views.

Close to all lake activities, including Deep Creek Lake State Park & Wisp Ski & Golf Resort.

Lakeside clubhouse located next to one of Deep Creek Lake’s best attractions- the Lakeside Creamery.

Common areas in the community featuring tennis courts, basketball courts, a covered pavilion, a mountaintop deck showcasing the views of Deep Creek Lake & surrounding mountains, and hiking trails.


Amenities

- Basketball Court
- Hiking Paths
- Lakeside Deck
- Mountain Views
- Pavilion
- Multiple Dockslips- Common
- Tennis Court
- Water Access
- Water Views


More links:

www.DCLinfo.com/Mountainside - search all Deep Creek Lake communities

Here is a link to local news & information about Mountainside.

Search Railey Realty properties for sale at Mountainside subdivision.

Railey Realty Blog - Mountainside Info

Deep Creek Residential Market Update

Jay Ferguson By: Jay Ferguson
jferguson@railey.com
301-501-0420
March 23rd, 2010
Category: Deep Creek Lake Market Update, Deep Creek Lake Real Estate, Garrett County Real Estate

Residential Market Stats that Matter - Railey Realty Still #1

In a sales meeting this morning, our manager Nancy Trotta went over the latest residential market statistics for the Garrett County area. The numbers are amazing, and I wanted to share some of the highlights:

There are currently 33 properties currently under contract between $55,900-$1,989,000. Of those contracts, Railey Realty has 18 of those homes under contract - 55% of the market!

Our next 3 closest competitors have 8 contracts COMBINED. Their individual market share ranges from 6%-9%, respectively. I believe that this demonstrates why I chose to make the move to Railey Realty last month - more market share and the ability to still sell homes even in the current market conditions. Our results speak for themselves!

And it’s not just contracts - our listing inventory is nearly double that of the next closest competing broker. We have 239 homes currently listed and more on the way! For the best selection of real estate listings, again, we are #1 in Garrett County & Deep Creek Lake!

Deep Creek Lake & Garrett County Real Estate Sales

Historic Alpine Village Inn at Deep Creek Lake Sells at Auction

Mike Kennedy By: Mike Kennedy
mkennedy@railey.com
301-616-6106
March 6th, 2010
Category: Deep Creek Lake Market Update, Deep Creek Lake Real Estate, Garrett County News, News

Yesterday the historic Alpine Village Inn, on the shores of Deep Creek Lake, went to auction. The bidding started at $550,000 and quickly escalated up to $900,000. The winning bid ended up being $900,000 and it appears a non-local developer was the winning bidder. The previous owners had paid $750,000 for the motel back in 2003. It is not immediately known what plans the new owner has for the once thriving 29 room hotel/motel.  The State of Maryland Highway Administration does have plans at some point in the future to widen the intersection of Rt. 219 (Garrett Highway) and Glendale Road which could potentially increase the value of all commercial real estate at Deep Creek Lake in that area. The interesting point here is that the Alpine Village sold for more than what it did just 7 years earlier - once again demonstrating the underlying strength and stability of real estate values here at Deep Creek Lake - values that are holding fairly steady even during one of the worst real estate slowdowns and economic downturns in our country’s history.