Real Estate Activity

By B. J. Weyer, Watson Realty Corp. REALTORS® 

 Are you ready for some football? I love football and remember the days of my sons throwing the football in our front yard. September means the Jaguars have started their season, and college rivalries are back - competition every week! The real estate market is also competitive. Only 8 homes are currently for sale in Deercreek, plus 3 under contract, with 13 homes sold and closed over the last three months.

Homes for sale, listed on NEFAR MLS as of 8/7/15, range in price from $329,900 - $524,900. The List Price per Square Foot varies from $132.14 per sq ft to $164.29, with the average at $147.25. The variance in list prices can be attributed to the size of the home, 3 car garages, pool vs. no pool, newer roof or HVAC, updated kitchen and baths, and exterior upgrades such as summer kitchens and pavers.

The 3 homes under contract range in size from 3073 to 4609 sq ft and are priced from $409,000 to $549,000. These homes have been on the market from 39 to 349 days, with an average of 145 days.

Over the three-month period ending 8/7/2015, the average price per sq ft of the 13 homes sold increased to $140.47, up from $128.68. The prices range from $315,000 to $875,000 and the homes were 2050 to 6190 sq ft, and on the market for an average of 78 days, down from 92 days.

Competition is good in the real estate market and we always want active buyers and sellers. As we know, the Deercreek Womens Alliance, Garden Club, Men’s Golf Association, Literary Circle and other groups make Deercreek the place to live. So whether your team wins or loses in football, we can all agree Deercreek is a winning community!