Real Estate December 2021

Nov 29, 2021 | News, RE News

December marks the end of a fast-paced year in real estate. Higher home prices and lower interest rates create a positive environment for those selling their homes. It also creates an urgency in buyers wanting to be in Deercreek. Low inventory requires buyers to act quickly as homes come on the market. It has also been a year of neighborhood improvements, including road paving, upgrades to the playground, drainage work, and the possibility of pickleball courts. The HOA works to prioritize the needs of the community. Consider getting involved on a committee.

7931 Vineyard Lake (listed at $899,999) is the only home for sale in Deercreek. The other For Sale signs you see are homes Under Contract, as they get ready to close. Currently, 7 homes are Under Contract. They range in price from $570,000 (7852 Troy Hills) to $905,000 (9975 Vineyard Lake). The homes have been on the market from 3 to 64 days. Over the last three months, 6 homes sold (according to the 11/18/21 NEFAR MLS). The sales price ranged from $467,000 to $800,000, with an average price of $638,500, and an average size of 3,304 square feet. The average price per square foot ranged from $170.40 to $203.03. As sellers evaluate offers on their homes, price is just one factor. Other factors to consider are closing dates, cash vs financing, amount of binder deposit, total equity, inspection details, and appraisal requirements. The seller’s specific situation will determine which factors carry the most weight. 

Community improvements made by the HOA, the Club, or by individual homeowners help support the value of all the homes in Deercreek. I’m doing my small part as I wait patiently for a new HVAC to be installed. What won’t wait are the holiday events and celebrations! Enjoy spending time with family and friends. Merry Christmas and Happy Holidays!

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