Real Estate Recap by B. J. Weyer, REALTOR

May 1, 2024

Interest rates have jumped recently, as have the temperatures in May. Will interest rate hikes scare off buyers, or will it provide incentive for buyers to buy now before more rate hikes occur? Will we see more cash buyers? Deercreek houses which sold were on the market from 4-113 days, or less than 3 months. Sales Prices ranged from 95-100% of the List Price.

Eight homes sold the last three months (4/22/24 NEFMLS), priced from $547,500-$1,125,000. The two most recent sales and closings are:

  • 9975 Vineyard Lake, a pristine 4,119 sq ft home with pool and outdoor kitchen, sold for cash at the List Price of $1,125,000.
  • 7938 McLaurin N, 2,587 sf, sold for the List Price of $699,000.

Six homes are For Sale, and on the market from 3-101 days. List Price per Sq Ft ranges from $218.98-$263.82, although this is just one factor when pricing a house for sale.

  • 10036 Watermark, 3,169 sq ft, Listed at $739,900, previously $750,000.
  • 7848 Groveton Hills, 3,221 sf, Listed at $839,000, came back on the market after going under contract.
  • 8213 Hampton Lake, 3,192 sf, Listed at $699,000, originally Listed at $780,000.
  • 8260 Persimmon Hill, 2,757 sf, Listed at $715,000.
  • 10220 Vineyard Lake, 3,249 sf, Listed at $775,000.
  • 9902 Blakeford Mill, 2,369 sf, Listed at $625,000. Back on the Market after Buyer’s financing fell through.

10046 Heather Lake Ct is the only home Under Contract. It is a 1,694 sf Club Home, and is Listed at $445,000. It came on the market and went Under Contract quickly.

May offers lots of activities, including the Cinco de Mayo Tennis Round Robin on May 5th. Come join the fun! Open to all! Look for more information. Play some tennis, meet new people, and enjoy the beautiful weather!

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