A recently renovated home in Deep Cove sold for nearly $2.5 million, reflecting both the property's unique qualities and current market conditions. The sale was finalized on March 11, with the seller having originally purchased the residence in 2021 at the market's peak for the same price.

The four-bedroom, three-and-a-half-bathroom house, built in 1930, offers 2,881 square feet of living space across four levels. Situated on a half-acre lot surrounded by mature trees and landscaping, the property features panoramic views of Indian Arm. Among its highlights are vaulted ceilings in the primary bedroom, two fireplaces, a private sundeck, a separate home office, an outdoor shower, a hot tub, and a one-bedroom suite. The home is also located within walking distance of local beaches and hiking trails.

Listing agent Patricia Houlihan said the seller chose to put the home on the market to free up capital for a small business venture, despite broader market challenges. Houlihan advised a higher asking price to test buyer interest, resulting in an offer close to the original purchase price—a positive outcome given recent market declines.

“Getting $2.5 million is very good in this market,” Houlihan noted. She explained that although the home attracted interest, buyers have been hesitant to make offers amid widespread uncertainty. “Buyers are a bit paralyzed,” she added, noting that the market downturn has affected many potential purchasers.

Houlihan further commented on the broader housing market, saying economists suggest the bottom may have been reached for detached homes, making current conditions favorable for buyers. She encouraged prospective buyers to focus on acquiring the home they want rather than attempting to negotiate minimal price reductions.

“I firmly believe people will be kicking themselves when prices go back up,” Houlihan said, underscoring the possibility of a market rebound in the future.