REAL ESTATE ACTIVITY

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

Cooler weather, weekend football, Thanksgiving and family gatherings – November has something for everyone! So does Deercreek with its variety of homes, in size, style and price. Although real estate activity has slowed a bit and prices have decreased slightly, overall it remains steady and competitive with other neighborhoods.

For the 12 homes sold over the three-month period ending October 9, prices range from $315,000 to $875,000, with an average of $464,217 (NEFAR MLS 10/9/15). The average price per square foot (sf) is $136.95, down from $138.96. Homes sold ranged from 2050 sf to 6190 sf . The 12 homes were on the market on average 86 days, down from 93 days.

There are currently 2 homes under contract: 7828 Rittenhouse Ln, a 3245 sf, 4 Bedroom/4 Bath home listed at $524,900; and, 7810 Rittenhouse Ln, a 3562 sf, 5 Bedroom/4 Bath home listed at $469,900.
The 12 homes for sale are priced from $319,900 - $669,900. The List Price per Square Ft varies from $129.63 to $168.99, with the average at $147.56, down from $148.81. These homes range in size from 2155 to 4771 sf and have been on the market an average of 78 days.

Many residents look for comparisons to other communities, so I checked out homes sold in Deerwood and Jacksonville Golf & Country Club over the last three months. 11 homes sold in Deerwood, priced from $250,000 - $809,509. In JGCC, 14 homes sold ranging in price from $267,500 - $548,000. Deercreek’s sales compare favorably to these two communities.

Cooler weather and the holidays may mean less activity, but it may also provide buyers who need to make a purchase and are more serious about making an offer. Who wouldn’t want to be in a new home for the holidays?