Real Estate News

By B. J. Weyer, Watson Realty Corp. REALTORS®
Real estate activity in Deercreek from January 1-December 31, 2014 totaled 34 homes sold and closed, according to the NEFAR MLS as of 1/7/15.
The average price of all homes sold in Deercreek in 2014 was $133.21 per square foot. However, foreclosures affected the average price. Five of the homes sold were foreclosures, and the average price of the foreclosures was only $118.47 per square foot. The average price of seller owned homes rises to an average of $135.75 without the foreclosures included.

Activity over the last three months has remained steady. Currently, there are two homes under contract waiting to close, plus nine homes actively on the market in Deercreek. The list price of the homes on the market ranges from $399,000 - $998,500, with an average price of $629,378.

Eleven homes sold and closed in Deercreek over the three-month period ending 1/7/2015 with prices ranging from $330,000 to a high of $500,000, with an average square foot price of $133.59 and a high of $168.03. The homes sold during the current three-month period were on the market an average of 45 days, with a high of 186 days.
Before you know it, the spring home selling season will be here. Home inventory on the market is low in Deercreek, interest rates are still low, and this location is convenient to so much that it should be another good year for sellers and buyers in Deercreek,