Railey Realty Fall 2019 Resort Report

e k a L k e e r C p e e D e h T RESORT REPORT

Volume 12 Issue 2, Fall 2019 | 301.387.2000 • 301.387.2900 • www.Railey.com | 866.544.3223 • www.DeepCreek.com

In This Issue...

How’s the Real Estate Market?

Railey Realty Agents Close Highest Sale in Nearly a Decade Wisp Resort Hires New General Manager Hugh Umbel Named Heise

Entrepreneurial Spirit Award Winner Cashmere Clothing Co. is Open for Business

Current Mortgage Rates

Local

Happenings and News…

Railey Realty Agents Close Highest Sale in Nearly a Decade

Railey Realty co-owner and agent Russell Bounds and agent Rachel Bruch represented the parties involved in the largest residential real estate sale in Garrett County since 2010.

The property, located in the Holy Cross community, closed for $3.3M in April. There have only been two other residential sales over $3M, both homes were listed by Railey Realty agents.

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Your 1st Choice in Real Estate Wisp Resort Hires New General Manager Wisp Resort General Manager Jerry Geisler announced his plans to retire following more than 45 years of service at the resort.

Jerry’s career at Wisp began in 1974 working as a bartender.

From there, he would work just about every job on the resort, from a waiter to a ski instructor to the human resources manager. In 1982, Geisler was promoted to Operations Manager. Six years ago, after Wisp Resort changed hands to Pacific Group Resorts, Geisler was promoted to General Manager.

With Jerry at the helm and Pacific Group Resorts breathing new life in Wisp Resort, the progress in the last several years has been wonderful. Wisp Resort has been busy - renovating their newly dubbed

Lodge at Wisp Resort, adding exterior features, adding the entire Sundown Village, and improvements to other various aspects of the resort.

Wisp Resort announced over the summer they officially hired ski & resort industry veteran Ron Hawkes to serve as General Manager. Hawkes has devoted almost his entire professional career to ski resorts, many in the Mid-Atlantic region, working as far north as Vermont and even traveling to South America to work at a resort in Chile. He spent a large amount of time at various resorts in Pennsylvania, including Roundtop Mountain Resort, Camelback Resort, Whitetail Resort, and Montage Mountain Resort. Much like Geisler, Hawkes’ love for skiing led him to

be an instructor, sharing his passion with others. Throughout his travels and career, he’d serve as a Ski School Training Director, Director of Skiing and Snowboarding, Assistant General Manager, and even President and General Manager.

Hawkes comes to Wisp Resort from Camelback Resort in Pennsylvania, which boasts both a summer and winter season, much like Wisp Resort does. His experience with not only ski operations but with golf, lodging, and even watersports have helped build a solid foundation on which to draw from during his time at Wisp Resort. We wish Ron Hawkes well as we gear up for the upcoming ski season at Wisp Resort!

Hugh Umbel Named Heise Entrepreneurial Spirit Award Winner Local developer and business owner Hugh Umbel was recently named the 2019 Heise Entrepreneurial Spirit Award Winner at the Garrett County Chamber of Commerce Annual Dinner. Umbel

Railey Realty Sold Listings

was born and raised in Garrett County and has been an integral business owner and developer in the Deep Creek Lake area, developing communities like Waterfront Greens and the brand new College Heights

Community. He also owns Legacy Home Corp., Bear Creek Traders, Perkins Restaurant & Bakery, and McHenry Beverage Shoppe.

Congratulations, Hugh!

1761 Lake Shore Dr Lakefront $1,650,000 - 08/19

602 Overlook Pass #2C Wisp Resort Area $560,000 - 08/19

302 SW Oak Way Rd Lake Access $410,000 - 05/19

117 Highline Dr Ski-In/Ski-Out $550,000 - 05/19

2571 Stockslager Rd Lake Access $630,000 - 09/19

355 Penn Cove Rd Lakefront $699,900 - 09/19

1399 Marsh Hill Rd Lakefront $540,000 - 06/19

307 Winding Trl Ln #12B Lake Area $350,000 - 07/19

1278 Deep Creek Dr Lake Area $365,000 - 05/19

504 Marsh Hill Rd Split-Lakefront $705,000 - 08/19

86 Primo Vista Dr Lake Access $612,500 - 08/19

155 Bridgeview Ln Lake Access $523,500 - 07/19

2615 Marsh Hill Rd Lakefront $1,150,000 - 08/19

1333 Deep Creek Dr Lakefront $398,000 - 07/19

6 Ski Harbor Dr Lakefront $354,000 - 08/19

22181 Garrett Hwy #I Lakefront $850,000 - 07/19

756 Wisp Mtn Rd #8A Wisp Resort Area $550,000 - 05/19

62 Glendaloch Ln Lakefront $695,000 - 08/19

For a complete, updated list of all our sold listings, please visit www.railey.com/sold-properties.

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The Deep Creek Lake Resort Report Cashmere Clothing Co. is Open For Business Looking for stylish clothing at affordable prices? Cashmere Clothing Co. has you covered! This brand new boutique recently opened its doors at the start of the summer and has already become a local favorite for women’s clothing. The boutique gets new clothes in several times throughout the month, which means there’s always something new when you stop by! You can find an array of clothing, from dressy to casual, and the store offers standard and plus sizes.

Cashmere Clothing Co. was founded by local Marcia Warnick, who noticed a lack of fashionable shopping choices for women in

the Deep Creek and Garrett County areas. Many of the clothing stores in the area focus on outerwear or casual clothing and less on business attire or more dressy clothing.

Marcia is part of the Railey Realty family, working with us for more than 20 years as Bill Weissgerber’s assistant. While she’s no longer actively part of the company, she’s certainly still part of the family!

Cashmere Clothing Co. is located in The Fort in McHenry, MD, right in the heart of Deep Creek Lake. Check them out on Facebook to see live updates from Marcia concerning sales and new inventory sneak peeks!

Railey Realty’s Larry Smith Dubbed Realtor of the Year Railey Realty is honored to announce that Larry Smith has been chosen as Realtor of the Year by the Garrett County Board of Realtors!

Larry has been an agent for almost 20 years, earning his Associate Broker designation in 2017, and was born and raised in the Deep Creek Lake area. Larry had an outstanding year in 2018 as one of the top 10 agents in Garrett County. This is Larry’s

Local Happenings and News…

NEW! Deep Creek Fireplace & Outdoor Store is open for business!

Located along Rt. 219 in McHenry, they offer a showroom full of fireplace options for indoor and outdoor use. They also offer new propane grill cylinders and an onsite filling station for empty tanks.

second time being named Realtor of the Year. He also serves on several committees for the Garrett County Board of Realtors and is in integral part of the Maryland Association of Realtors – sitting on their legislative committee and working with their Directors at Large.

We could not be more proud of Larry’s accomplishments! This honor is so well deserved and we’re very

happy to have Larry be part of the Railey Realty sales team and family.

Wolf Den State Park is now open!

Located in Kitzmiller, Maryland, on the Southern end of the county, Wolf Den features 1,700 acres and Potomac River frontage, as well as access to other trout streams. The park also has one ORV trail with plans for significant trail expansion in the next few years.

Upcoming Events....

Festival of Trees - Nov. 29-30 Christmas in the Village- Dec. 6-7 Small Town Christmas - Dec. 12&13 Oakland’s Winterfest - Feb. 15 Deep Creek Dunk - Feb. 22

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The goal of this newsletter is to keep you informed on the local real estate market, along with keeping you in touch with the issues impacting this market. We will also attempt to bring you interesting stories about the people and heritage that make Deep Creek Lake and Garrett County, Maryland such a special place.

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If your property is currently listed for sale or managed with another company, please consult that company.

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* All data obtained from BrightMLS for the period 1/1 - 6/30/2019.

All data is believed to be accurate, but not guaranteed. Updated 7/2019.

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