Judy Smith - Deer Creek and Deer Creek Highlands - December 2020

12020 Shamrock Plaza, Omaha, NE 68154

JUDY SMITH

DEER CREEK NEIGHBORHOODS D e c e m be r 2 0 2 0 • R e al E st a t e M ark et Re po rt

REALTOR ®, CRS, CLHMS, CRB, CNHS, ABR, SRES

402.598.3678 JudySmithRE@gmail.com www.JudySmithTeam.com www.DeerCreekHomeowners.info

Loving and Promoting Our Community Since 2004

P LAY E R S C L UB M EM B E RS H I P !

7110 N 117 AVENUE Offered at $524,900

4 Bedrooms

4 Bathrooms

3,500 Est. Sq. Ft.

Jonathan-Thomas and Angela-Marie,

JUDY SMITH

If you would like your home professionally marketed and featured in my publication, which is mailed to hundreds of potential buyers, call me today at 402.598.3678.

Your Neighbor and Deer Creek Neighborhoods Real Estate Specialist

P R E PA R E D E S P E C I A L LY F O R

Jonathan-Thomas and Angela-Marie Williams Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

DEER CREEK

JUDY SMITH REALTOR ® , CRS, CLHMS, CRB, CNHS, ABR, SRES

402.598.3678 JudySmithRE@gmail.com www.JudySmithTeam.com www.DeerCreekHomeowners.info

“Judy is an experienced and very effective agent. She understands the Omaha market very well and is well-connected throughout the area.

She helped sell our unique property.

Potential buyers appreciated her genuine and approachable style.”

30+ Years in Real Estate Top Producing RE/MAX Agent!

5 - S TA R R E V I E W

NEIGHBORHOODS D e c e m be r 2 0 2 0 • C u r re n t M ark e t Ac t i vi t y

JONATHAN-THOMAS AND ANGELA-MARIE, 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.

JU DY S M I T H | 4 0 2 . 5 9 8 . 3 6 7 8

AVAILABLE HOMES IN DEER CREEK NEIGHBORHOODS

Holiday Real Estate Market Update

The Market is Abnormally hot Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.

Why is Homebuying Taking Off Now?

How the Pandemic Shaped the Market

Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?

Experts agree; the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?

Low mortgage rates? More space to work from home?

Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.

Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city.

Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.

“After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for single-family detached homes,” says Cheryl Young, senior economist at Zillow. Regardless of where you live, extra space is commanding buyer interest.

$526,800

5

3,200

ACTIVE LISTINGS

AVG. ACTIVE LIST PRICE

AVG. SQUARE FEET*

Beds Range: 3 - 5 Baths Range: 3 - 4

Lowest: $425,000 Highest:$595,000

Lowest: 2,700 Highest: 3,700

21 HOMES PENDING IN DEER CREEK NEIGHBORHOODS 14 HOMES SOLD IN DEER CREEK NEIGHBORHOODS BEDS

BATHS

EST. SQ. FT.*

LIST PRICE

SOLD PRICE

SOLD DATE

13126 Potter Street

4

3

3,000

$499,500

$490,000

11/03/20

Sold

8302 N 123 Circle

3

2

1,800

$333,500

$343,575

10/22/20

Sold

12768 Reynolds Street

5

4

4,300

$569,068

$613,168

10/22/20

Sold

12915 Craig Street

4

3

2,900

$391,180

$436,052

09/25/20

Sold

12668 Read Street

4

3

3,400

$475,000

$472,500

09/25/20

Sold

12757 Mormon Street

5

4

3,400

$559,226

$559,000

09/25/20

Sold

8106 N 127 Avenue

6

5

4,500

$598,875

$600,000

09/21/20

Sold

12921 Craig Street

3

2

1,800

$352,200

$352,200

09/18/20

Sold

12618 Deer Creek Drive

4

3

2,900

$474,500

$472,000

09/08/20

Sold

8208 N 123rd Street

5

3

2,900

$415,000

$404,000

09/04/20

Sold

12829 Mormon Street

4

3

3,500

$597,234

$630,715

08/28/20

Sold

11915 Whitmore Street

4

3

4,300

$585,000

$585,000

08/27/20

—Danielle Hale, Realtor.com economist

Sold

7323 N 124 Street

3

3

4,100

$525,000

$525,000

08/13/20

Jonathan-Thomas and Angela-Marie, This is the perfect time of year to take advantage of the unique market and historic conditions; don’t miss this opportunity! Call me today at 402.598.3678 to receive a personal market analysis.

Sold

13025 Reynolds Street

5

3

4,900

$585,000

$560,000

08/12/20

“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”

by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff. | Vecteezy.com

STATUS

ADDRESS

Sold

(LAST 3 MONTHS)

Judy Smith, RE/MAX Real Estate Group are not in any way affiliated with Deer Creek Nighborhoods Association, nor is this in any way an official advertisement or publication of Deer Creek Neighborhoods. © 2020 RE/MAX. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to OABRMLS for August 9th, 2020 through November 9th, 2020. 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.