By: Mike Kennedy mkennedy@railey.com 301-616-6106 December 19th, 2008 Category: Deep Creek Lake Market Update, Deep Creek Lake Real Estate, Wisp Real Estate

The time period between Thanksgiving and Christmas is historically a slow period for the Deep Creek Lake and Garrett County real estate market. Most potential buyers are usually focused on the upcoming holidays and not purchasing a vacation home. However, the past few weeks has seen the following higher priced properties go under contract.

1038 South Blakeslee Drive - listed for $1,149,000. 5 bedroom lakefront house located in the Blakeslee subdivision on the southern end of the lake. Boat slip is located adjacent to and in front of this property.

1088 Thousand Acres Road - listed for $875,000. 3 bedroom lakefront log home with a private Type A boat dock.

86 Moorings Way - listed for $665,000. This house is a custom 3 bedroom lake access house built in 2004 with wonderful views of the southern end of the lake. Plus, the deeded boat slip is within walking distance of the house - which is located in the neighborhood known as Hickory Ridge.

123 Kendall Camp at Wisp - listed for $999,000. Four bedroom ski-in/ski-out town home built in 2006. True ski slope access at the top of the Main Street slope and easy access to chairlift 4.

Will this level of dollar volume continue into the New Year? No one knows for sure but it is a positive sign. This market has certainly experienced a drop in activity over the past few years - no one will argue that - but the important thing is that real estate values have held their ground (no pun intended) around Deep Creek Lake during this national economic slowdown. Once again our lakefront and lake access markets continue to show their strength when other areas are experiencing significant decreases in values.

Coincidentally, Railey Realty is representing the buyer on 3 of the 4 properties listed above - plus 3 of the 4 properties were Railey Realty listings. If you are thinking about selling your Garrett County or Deep Creek Lake vacation property please contact us - our marketing program and sales team has proven themselves to be the most effective in the area - usually resulting in our brokerage selling about 60% of all homes and lots in the Deep Creek Lake area year after year.

Tags: Blakeslee, Deep Creek Lake Real Estate, Hickory Ridge, Kendall Camp, Thousand Acres

This entry was posted on Friday, December 19th, 2008 at 3:53 pm and is filed under Deep Creek Lake Market Update, Deep Creek Lake Real Estate, Wisp Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.