RE News

RE News

  • Real Estate News

    by B. J. Weyer

    Happy 4th of July!  It’s a great time to celebrate summer.  What will you do?  Head to the beach or the mountains?  If so, have you considered the purchase of an investment property or 2nd home?  What’s the difference? It depends on your purpose and how much you plan on occupying the home during the year. The determination of an investment property vs a second home can also have an impact on interest rates if you finance the purchase, as well as the cost of homeowners’ insurance.  I’m no expert in mortgages, insurance or taxes; however, there are plenty of lenders, agents and accountants who can provide the expert advice you need before you make the purchase.  Once you know what fits your situation best, I am the expert in real estate.

    According to the 5/29/18 NEFMLS, 14 homes are currently for sale in Deercreek.  Priced from $349,900 to $899,900, they range in size from 1898 to 5741 sq ft.  The List price averages $156.52 per square ft.  These homes have been on the market on average 115 days, down from 148 days.

    The last 3 months have seen 9 homes sold & closed ranging from $299,000 to $625,000.  Extensive repairs were required on the home selling for $299,000. The average selling price was $459,200.  The average price per sq ft was $147.54. The homes sold between 93 and 99% of the list price, and they were on the market an average of 84 days. Eight homes are currently under contract, with list prices from $400,000 (8237 Bay Tree) to $740,000 (8263 Ashworth).

    Enjoy the longer days of summer!  Find a way to beat the heat!  Barring anything unexpected, July will continue to bring new homes on the market and homes sold; maintaining an inventory around 15 homes on the market in Deercreek at any one time.

  • Real Estate News

    June marks one year from the end of all of my treatments for breast cancer. Over the last 12 months I’ve been able to return to my active life on the tennis courts and golf course, plus sell a lot of real estate. The last 12 months in real estate have been active in Deercreek, as well.

    Over the last 3 months, 10 homes sold & closed ranging from $360,000 to $675,000. The average selling price was $503,850. The average price per sq ft was $146.97. Eight homes are under contract ranging in size from 1904 sq ft to 3662 sq ft, and, with list prices from $319,900 (7809 Heather Lake Ct) to $625,000 (10061 Lakes End Ct). These homes in Deercreek sold on average at 98% of the list price. Friends and neighbors often ask if homes are selling here. The answer is yes, the number of homes generally does not fluctuate much; yet, individual homes continuously come on the market and sell.

    According to the 5/1/18 NEFMLS, 14 homes are for sale in Deercreek. Priced from $349,900 to $899,900 (new construction on McLaurin), they range in size from 1898 to 5741 sq ft. The List price averages $153.39 per square ft. These homes have been on the market on average 110 days, down from 148 days. As summer continues, I expect the average days on market to decrease.

    The temperatures will rise this summer, and we will probably see home prices rise slightly, as well. Word of caution, listing at a high price does not always bring the high price. You must first have a buyer willing to pay the high price; have a clean inspection; and then, have an appraiser appraise at the high price. Here’s to a healthy summer. Enjoy the longer days, the warm temperatures and the strong real estate market!

  • Real Estate News

    May is one of the busiest months for real estate. Every day I check the MLS, I find new homes on the market in Deercreek or others under contract. Buyers often look for a specific type of home and ask me if I know of homes coming on the market. I currently have a buyer looking for a home in Deercreek with a 3 car garage and a pool. Other buyers may be looking for an updated kitchen and baths, or an incredible outdoor living space. The point is if you decide to sell your home, you want to expose it to the largest group of buyers possible as buyers already have in mind what they want. Home prices are trending up, yet still require to be marketed well to obtain the best price.

    According to the 4/2/18 NEFMLS, 12 homes are for sale in Deercreek,. Priced from $319,900 to $899,900, they range in size from 1904 to 5741 sq ft. The List price averages $150.29 per square ft; yet, ranges from $126.44 to $199.35. These homes have been on the market on average 148 days. At least 3 homes are on the market For Sale By Owner, a challenge in a gated community.

    Over the last 3 months, 8 homes sold & closed ranging from $360,000 (10040 Ashford Crossing) to $675,000 (7949 McLaurin Rd), The average selling price was $494,188. Average price per sq ft was $147.04, yet ranged from $127.03 to $164.61 per sq ft. Six homes are under contract: 10117 Bishop Lake; 8209 Persimmon Hill; 10143 Deercreek Club Rd; 10075 Persimmon Hill Ct; 7702 Watermark; and 8206 Ashworth.

    Deercreek is my home and I can’t see myself leaving; however, others have great reasons for a change in their life. If you are looking to sell, even in an active market, remember the homes selling the quickest and for the best price are the ones which have been maintained, updated, priced appropriately and marketed well.

  • Real Estate News

    It’s April and as I write this, I think about the Taylor family who just lost their home on Cypress Lakes Dr in a fire. Everything can change in an instant. We should do what we can to prevent and take steps we can to prepare, just in case.

    In the category of prevention: make sure smoke detectors are functioning; dryer vents are clean; A/C filters are changed regularly; and repair any faulty outlets.

    In the preparation category: review homeowners’ insurance; purchase fire extinguishers; and have a family plan for escape and where to meet if a fire does break out. Our meeting place has always been our next door neighbor’s front door. While our homes are important, our lives are irreplaceable.

    Over the last 3 months, 8 homes sold & closed ranging from $365,000 to $675,000, according to the 3/1/18 NEFMLS. The average selling price was $480,875, up from $436,857. Average price per sq ft was $144.40, yet ranged from $122.16 to $159.80 per sq ft. Four homes are under contract: 9901 Windwater Ct; 10040 Ashford Crossing; 8204 Hampton Lake Ln; and 7717 Watermark Ln.

    13 homes are currently for sale in Deercreek. They are priced from $324,900 to $899,900 (ranging in size from 1904 to 5741 sq ft). The List price averages $154.27 per square ft; yet, ranges from $126.44 to $205.38. These homes have been on the market on average 109 days, down from 143 days. Home prices are trending up, yet still require homes to be maintained well, and updated to receive the best price.

    April is a time for jokes and pranks with April Fools’ Day. It is also a time for reflection and prayers at Easter and Passover. I think I’ll reflect on the many blessings I’ve enjoyed in the 24 years I’ve lived in Deercreek.

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