1522 Balcones Lane, Graford, TX 76449 Loving and Promoting Our Community Since 2004 Your Deer Creek Neighborhoods Real Estate Specialist DEER CREEK NEIGHBORHOODS March 2023 • Real Estate Market Report JUDY SMITH R EALTOR ® CRS, CLHMS, CRB, CNHS, ABR, SRES JUDY SMITH JudySmithRE@gmail.com www.JudySmithTeam.com 402.598.3678 For community information and more, visit www.DeerCreekHomeowners.info No One Knows Deer Creek Like Judy! My years of experience in real estate benefits you! Let’s work together towards your next move when selling or buying. Call me today at 402.598.3678. ©2023 Google Homes Judy represented the buyer Homes Judy represented the seller Homes Judy represented the buyer and seller In the last 7 years, Judy has conducted over 30 transactions in Deer Creek! LEONARDO AND ANGELICA, Data based on listings from OABRMLS from September 1st, 2015 to March 2nd, 2023. Information deemed accurate but not guaranteed. PREPARED ESPECIALLY FOR Leonardo and Angelica Washington
30+
THE MARKET IS
RETURNING TO NORMAL
Through the last few years, the real estate market has been highly unpredictable. 2020 saw the market flatline briefly before a slow build-up. 2021 was the first year of explosive growth which led into a volatile start to 2022. By the middle of the year, interest rates catapulted, and the market slowed greatly. However, experts are predicting good signs for the market ahead!
THE FUTURE LOOKS PROMISING FOR MORTGAGE RATES
January recorded a four-month low, with the average 30-year fixed rate dropping to 6.15%. Rates are almost a full percentage point lower than the peak last October.
RATES ARE PREDICTED TO FALL IN THE FIRST QUARTER
Experts are predicting further mortgage rate decreases, with another potential 0.5% drop by the end of March. This is great news for both sellers and buyers!
HOUSE FLIPPING IS DWINDLING
As the cost-to-benefit ratio dries up, house flipping is becoming less common. With the loss in profitability, more buyers have a better chance at their dream home.
SUPPLY IS STILL HISTORICALLY LOW
Demand is still outpacing supply, which indicates a healthy market. Buyers are still buying homes, albeit at a slightly slower pace.
LEONARDO AND ANGELICA,
There’s plenty of opportunity to make a great profit in selling your home. If you’ve thought about selling this year, give me a call at 402.598.3678, and let me provide you with a thorough comparative analysis to get the best response from the market.
LEONARDO AND ANGELICA,
This market report was created especially for you because I feel you deserve to know what’s happening in the Deer Creek Neighborhoods. If you are looking to buy or sell in the area, call me today.
JUDY SMITH | 402.598.3678
5 HOMES PENDING IN DEER CREEK NEIGHBORHOODS
13 HOMES SOLD IN DEER CREEK NEIGHBORHOODS (LAST 8 MONTHS)
RON & LIZ
STATUS ADDRESS BEDS BATHS EST. SQ. FT.* LIST PRICE SOLD PRICE SOLD DATE Sold 7343 N 122 Avenue Circle 3 3 1,800 $470,000 $470,000 02/10/23 Sold 7228 N 124 Circle 4 4 4,700 $635,000 $625,000 01/30/23 Sold 11518 Iowa Circle 3 3 3,900 $525,000 $530,000 01/11/23 Sold 12760 Mormon Street 3 3 2,700 $489,900 $475,000 12/27/22 Sold 12819 Mormon Street 3 3 3,700 $674,644 $738,528 11/22/22 Sold 12655 Iowa Circle 3 3 2,700 $469,000 $462,000 11/03/22 Sold 11787 Whitmore Street 4 5 4,100 $758,000 $750,000 10/07/22 Sold 8214 N 127 Avenue 3 3 4,600 $968,676 $980,621 10/07/22 Sold 7167 N 122nd Avenue 4 3 2,900 $525,000 $516,000 09/30/22 Sold 11766 Deer Creek Drive 4 3 3,500 $699,000 $690,000 09/30/22 Sold 12907 Reynolds Street 4 3 3,500 $675,000 $675,000 08/31/22 Sold 12909 Craig Street 4 4 4,900 $1,000,000 $990,000 08/31/22 Sold 12305 Read Street 5 6 3,900 $700,000 $750,000 07/29/22 Judy Smith, RE/MAX Real Estate Group are not in any way affiliated with Deer Creek Neighborhoods Association, nor is this in any way an official advertisement or publication of Deer Creek Neighborhoods. © 2023 RE/MAX. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to OABRMLS for July 29th, 2022 through March 6th, 2023. Listings and sales may not be those of RE/MAX Real Estate Group. OABRMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. Sales of new homes not reported to the MLS are not contained within this report. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.*Square footage rounded to the nearest hundred. AVAILABLE HOMES IN DEER CREEK NEIGHBORHOODS ACTIVE LISTINGS Beds Range: 2 - 5 Baths Range: 2 - 4 8 AVG. SQUARE FEET* Lowest: 1,700 Highest: 4,800 3,200 AVG. ACTIVE LIST PRICE Lowest: $459,900 Highest: $900,000 $645,388 DEER CREEK
2023 • Current Market Activity JUDY SMITH JudySmithRE@gmail.com www.JudySmithTeam.com www.DeerCreekHomeowners.info 402.598.3678
EALTOR
house
us
home.
March
R
® CRS, CLHMS, CRB, CNHS, ABR, SRES “Thank you so much for everything you’ve done for us in selling our
and finding
this wonderful new
You really put your heart into it, and we really appreciate it. God bless you!”
Years in Real Estate
Producing RE/MAX Agent!
Top
NEIGHBORHOODS
