Real Estate News

Real Estate News

Mar 1, 2021

March is a wonderful time of year to enjoy the DWA Shamrock Scramble, the TPC, and warmer weather, of course. We are also starting to see things heating up in the real estate market with higher interest rates, as well, as increased lumber prices. These may impact the real estate market in Deercreek. Higher interest rates will change the price range for which a buyer may qualify. On the other hand, it may create a sense of urgency with some buyers who want to move into a new home before interest rates go up too much. The increased lumber prices affect new construction. As those prices increase, it may bring more buyers to the resale market and established communities like Deercreek.

There is a limited number of homes on the market in Deercreek, making it a challenge to find the right home for buyers. As of 2/15/2021 (according to NEFAR MLS) only 8019 Suffield Court, listed at $699,000 is on the market. 9901 Windwater Ct is coming soon to the market, and will be listed at $554,900. Only 1 home is under contract waiting to close – 9959 Cider Keg Ct, listed at $650,000. For the last 3 months, 14 homes have sold ranging in price from $355,000 to $840,000. These homes sold on average at 98% of the list price, and averaged 60 days on the market. Some of the recent sales include 10058 Chester Lake Rd W ($536,000), 10013 Bishop Lake Rd ($500,000), 9938 Deercreek Club Rd ($840,000), and 10088 Heather Lake Ct ($350,000).

As the weather warms up (and the real estate market), continue to make upgrades and updates to your homes. This will protect your investment and make your home more enjoyable to live in and share with your family, friends and neighbors!

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