Jay Ferguson – Real Estate Market Update March 28

 

MARCH MADNESS! Lots of activity so far this month but first, GET A SECOND OPINION if you are in the market to buy or sell or even vacation rentals. Everyone has an opinion…and an angle. Myself included. I’m conservative with pricing by nature but also optimistic when I see something special or rare circumstances. That combination has served me well over the years. Ideally you want an agent who will ‘tell it like it is’ rather than tell you what you want to hear. I would love an opportunity to BE THAT GUY for you. Our market has cooled off a little bit with recent world events, wobbly stock market and rising interest rates. I saw it last year around this time, as well, when our market was affected by tariffs and the layoffs of federal workers. It all matters in a market like ours, where its a WANT to have a lake property – not a NEED. There is some great value out there right now and plenty of overpriced homes still trying to find their floor. I have several new construction homes – by one of the most reputable builders in the area, Lyv Homes – in and around Oakland and the golf course. Sweet properties with modern designs, truly unique. They will be working on lake house soon at Stilwater, so stay tuned for that or let me know if you want some inside info on upcoming projects!

 

Keep in the loop with some of my buyer tools like auto email updates, custom searches and disclosure files for ANY and EVERY listed property for sale. If you need information on anything real estate related, I’m your guy 🙂

 

Notable recent activity:

 

Odds and ends:

 

Breakdown of market:

45 total contracts – 14 under $300k, 22 $300k to $999k, 9 over $1 million
32 homes for sale over $1 million (up from 30)
72 water oriented homes still available – 25 lakefront, 47 off lake
163 lots/land listings for sale, 20 of which under contract

Just Call Jay! 25+ years of experience, creative solutions to sell your property – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)