There has been a welcome—and surprising—push of new home listings & sales since late August. Rates have been dropping, and the phone just kind of blew up over the last few weeks. It’s been busy, and there are some situations with multiple offers and renewed interest. The fall market at DCL is always interesting as it draws a slightly different crowd to the area that may not care so much about lakefront homes or dock slips. People who vacationed here during the busy summer usually make their way back in the fall for a weekend getaway or a day trip here and there. Typically, fall buyers are picking over what remains from the summer, looking for deals or recent price reductions. This year, the cupboards are still full: There are 189 homes in the immediate lake area still for sale. Looking for land? 176 lots/land available for sale countywide. Want to talk about the market? Just Call Jay – 301-501-0420!
Notable activity over the last week or so:
12 new listings, 20 price reductions, 6 off-market over the last 7 days
179 Laurel Ln sold for $780k – one of the original cabins on DCL
27% of homes under contract are under $300k, 16% over $1 million
Fun fact: 7 properties for sale county-wide over $3 million. 3 of those listed in the last two weeks, one under contract
850+/- sf commercial space in downtown Oakland – ask Jay
71 Jake’s Drive – $150k price drop, now $749k
50 waterfront properties actively for sale
68 water access, lake view, dockslip homes for sale
197 lots/land for sale, 21 of which are under contract
25+ years of experience analyzing market trends and honest assessments of real estate values – call me for a free consultation! jay@deepcreeksales.com 301-501-0420 (call/text)
265 active residential listings on the market (down from last report)
77 under contract/pending (up from last report)
39 total home sales closed in August; 17 so far in September
