Craig W. Barrett, Hughesville, REALTOR (r)
Hughesville, MD Real Estate
www.hughesvillehomes.com
As stated in last month's Hughesville Market Report and as expected, the opening of Ole Field Estates in November has put additional inventory online in December. Resales were priced between $329,000-$1,399,000. New Construction was priced between $429,000-$989,000.
We haven't seen a lot of price pressure from foreclosures and short sales. A few neighborhoods have seen more than others and expect downward price pressure in those micro-markets. I've seen several in the month of December.
If you are listing on the spring, watch prices of new construction from November into January for trending. Resales may take a cue depending on the performance of some of the new construction neighborhoods. We'll also pay attention to foreclosures and short sales.
As January progresses, we'll watch absorption, that may give us a clue how the Spring may look. Feel free to contact me with questions.
Includes: Benedict Plantation, Bryantown Estates, Cameron Ridge, Carrico Mill, Country Road Estates, Eastern Hills, Indian Creek Estates, Lake Jameson, Oakland Acres, Pine Grove Estates, Sandy Level Estates, Scouts Trail, Stoneleigh, Swanson Creek Landing, Walnut Hills, Willow Creek, Woodlawn Manor
Includes: Benedict Farms, Bucks Run, Carriage Crossing, Crystal Lake, Forest Run, Herbert Fields, Lake Jameson, Maple Brooke, Naylors Reserve, Ole Field Estates, Stoneleigh, Swan's Rest.