Real Estate News

Happy August! School starts soon, so slow down and look out for students and buses. Rumor has it the real estate market also slows down after school starts. For now, there are 24 homes on the market, according to the 6/28/19 NEFMLS. Priced from $354,900 to $799,000, the homes range in size from 1700 feet (Heather Lake Ct W) to 5092 feet (10112 Deercreek Club Rd). The price per square foot averages $160.46 per square foot, yet ranges from $118.06 to $208.76 per square foot. The newest listings are 10046 Heather Lake Ct at $354,900 and 8233 Bay Tree Ln at $465,000. The List Price was reduced on 7812 Blakeford Mill Ln to $410,000. Currently, there are 6 homes under contract which have been on the market an average of 81 days. Over the last 3 months, 10 homes sold with an average price per square ft of $161.81. The homes sold for prices ranging from $380,000 (10136 Deercreek Club Rd) to $620,000 (8028 Weatherby Ct). Buyers paid on average 97% of the list price. The most recent closing was 10066 Chester Lake which sold for $450,000. One appeal of Deercreek is the variety of homes – you can choose the perfect size whether its for a growing family; downsizing; multi-generational; or individuals. I have had several buyers recently who were a little like Goldilocks. The homes they saw were either too big or too small, and we are still looking for the one which is just right! Throw in a buyer’s desire for a pool or 3 car garage, or privacy with a large lot and the challenge becomes even greater.

Enjoy the rest of your summer! The days are still long, the weather still warm and we’ll have to wait and see if the real estate market slows down!