Saturday, March 11, 2017

Julie's Market Thoughts

Spring is in the air and with it, sales are ramping up at Richland Chambers Lake.  We're heading into the third year of a full Richland Chambers Lake and this market is finally catching up to other markets around the state. Inventories are down and prices are inching up for the lake area home market.
The lot market is changing as well. It has been a tough 6 to 7 years for the lake lot market challenged by previous droughts and the struggling real estate market in general prior to the drought years. Inventories for waterfront lots were as high as 330 lots in 2015, with only a few a month selling.
2016 brought us a reduction in inventories down to 270.  With a full lake, the market was churning double what it had done in the previous year.
With Spring of 2017 upon us, inventories are down further, with 238 currently for sale.  Some of the screaming deals churned out and sold in 2016, as a result, the lake lot market is destined to eventually make it's way back.
But the good news is, there are still some great waterfront lot deals to be found.  Call us for a complete list of fabulous lot opportunities and make your dreams of living on a lake a reality!
Come join us lake rats and have some fun!!

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