Market Update - 12-18-21

Inventory Remains Low

Inventory Remains Low

In the last month, 44 lake homes have sold:
1   $1m+            
14  $600k - $1m    
15  $400k - $600k  
14  <$400k        

In the last month, 7 vacant lake lots have sold:
2  over $200,000
3  $150k - $200k
2  < $150k

Currently there are 32 lake homes and 3 vacant lake lots under contract

Lower inventory continues to result in lower sales volume from month to month. Even though sales are down quite a bit, the sales are still outpacing the availability as that keeps dropping as well.

Today there are 58 active lake house listings on the market.
15 over $1m
18 $600k - $1m
12 $400k - $600k
13 < $400k

31 of the 58 active listings are on lakes with a clarity of 10' or more.

There are 58 active vacant lake lot listings (on lakes at least 100 acres in size) on the market:
31 over $200k
27 under $200k

28 of the 58 active listings are on lakes with a clarity of 10' or more.

It's the holiday season and it's typical for new listings to drop off dramatically and for buyers to take a little break. However, if you're serious about your lakefront property search, don't forget about listings altogether because there can still be some nice properties that hit the market when you'd least expect it.

Contact Me if I can be of help with your property search or with the sale of your property.