May Market Update

Staying Strong

Staying Strong

In the last month, 27 lake homes have sold:

1 $1m+            
7 $600k - $1m    
9 $400k - $600k  
10  <$400k        

In that time, 16 vacant lake lots have sold:

7 over $200,000
3 $150k - $200k
6 < $150k


Currently there are 70 lake homes and 22 vacant lake lots under contract.


As of today, there are 57 active lake house listings on the market:
15 over $1m
17 $600k - $1m
9 $400k - $600k
16 < $400k

25 of the 70 active listings are on lakes with a clarity of 10' or more.


There are 126 active vacant lake lot listings on the market:
40 over $200k
86 under $200k

Only 42 of the 126 active listings are on lakes with a clarity of 10' or more.

Buyers still need to be fast and ready to come in strong in order to have a chance at any nice properties that come up.  

Even with rising building prices, vacant lot sales are still strong.  Paying a premium to build a brand new home on a lot/lake that works for you can be a better situation than paying a premium for an existing home that is on a lot/lake that you don't love.

Contact Me if I can help in any way.