It looks to be another banner year in lake home sales as they are up 12% so far in 2017 over 2016.
The sale prices of lake homes rose 18% in 2016 to $292,000, up from $248,000 in 2015. Those 2016 prices are continuing in 2017 as well. That is not an indicator of increase in values but an indicator of a demand for higher price lake homes. There are 38% more homes that have sold in the higher price field this year. To obtain a chart of the lake home price trends for the last 17 years, email firstname.lastname@example.org and request the lake home sales trends. My advice for buyers and sellers is to choose an agent which knows the market and the trends.
Alan Olson, Broker/Owner
Century 21 Vista, Inc.