Market Update 1-16
In the last month, 14 lake homes have sold:
2 $600k - $1m
5 $400k - $600k
In the last month, 4 vacant lake lots have sold:
2 over $200,000
2 $150k - $200k
0 < $150k
Currently there are 27 lake homes and 2 vacant lake lots under contract
Without a doubt winter is a slow time for lakefront real estate. Not much for sales and even less for new inventory.
Today there are 42 active lake house listings on the market.
11 over $1m
15 $600k - $1m
7 $400k - $600k
9 < $400k
25 of the 42 active listings are on lakes with a clarity of 10' or more.
There are 49 active vacant lake lot listings (on lakes at least 100 acres in size) on the market:
29 over $200k
20 under $200k
25 of the 49 active listings are on lakes with a clarity of 10' or more.
Now that the holidays are over there are more buyers renewing their property search. Right now there isn't much available to consider, but it's a good time of year to review what's currently available and stay on top of new listings. As a seller, it can be difficult to list a lakefront property in the winter months. However, the big advantage is that there is much less (virtual no) competition out there so there are lots of eyes on the listing.
Contact Me if I can be of help with your property search or with the sale of your property.
Posted By: Adam Gohlke - Jan. 16, 2022, 10:24 p.m.