RIchland Chambers Lake Summer Market Makes a Splash!

 Whoa Nelly!!  The best way to describe the last few months for us and this market is Richland Chambers Lake Mania. 

As on August 10, 140 sold lake lot listings. And  53 pending lot listings  in last 60 days.

We have never seen anything like it and I am not sure if we ever will again! 

The amount of inventory built up over the last 10 years, quickly dissipated 

In a flurry of Covid 19 motivated escapes from the City and the perceived dangers there.

The travel challenges imposed on the masses have motivated buyers  to rethink a lake place,

A place away for the city….a place to go where they can work in a peaceful setting with an alternate reality.

Due to inventory shortages, and low mortgage rates, prices are up. Yet sellers are not selling and reluctant.

We are now in the dog days of summer(August) which has traditionally been a slower month to sell.  But not the case now! 

With the number of homes that went into forbearance for the Covid 19 Crises, we will begin to see foreclosures as early as next year.  This is will change our market.  But  for now, and for the lake area, traditionally foreclosures have not been

Part of our market and I hope it remains that way.

What does this mean for us?  Our lake is a changing.  Construction starts are way up!.

Boat traffic is up and we are seeing the changes before our eyes….

Richland Chambers Lake is no longer “The best kept secret in Texas”  

It is the place to go to escape!

If you need to buy or sale during this flurry of activity, there are a couple of things to remember.

If you are a buyer, it is important to research agents and hire someone that has local market knowledge.

There are many pitfalls that can be avoided by shopping with a a lake area expert that is in tune with the 

Ins and outs of all the different areas and subdivisions. 

If you are a seller, NOW  is  the best possible time to put your best foot forward and grab a buyer. 

 

We can help you navigate the process as painless as possible and help you in getting the best return 

For the investment you have made in your lake area property!

Call us if you are just tinkering with the idea, it may just be the time to make the move you have been contemplating!

According to Zillow, we have seen 25% less inventory the summer.  Some are thinking not a good time to sell..?

Julie Teel 8/2020

 

 

Fuel The FireFighters 2018 Update

Here on Richland Chambers when an unfortunate circumstance arises and you have to call 911 the first person to your door will be a Volunteer Fireman.  These volunteers give their time, energy and efforts to providing our community with first responder service.  They often work on shoestring budgets to do the critical work of keeping our community safe.  Proper equipment and training is vital to help them accomplish their mission. 
You Can Help!!

The Donations have been coming in and so far we have over $17,000.00 pledged including cash and silent auction items.

Last year's total was around $24,000, so we still have a way to go.  Our VFD's need your participation, donations and silent auction items to help keep our homes and lives safe in time of need. Together we can beat last year's total!

Help us support our local heroes Saturday September 1st by taking part in the Fuel the Firefighters Poker Run and Silent Auction!
This is the third year we are putting together a Poker Run on Richland Chambers combined with a Silent Auction with all the proceeds going to the Lakeshore Area VFD's.
A $25 donation to the VFD's gets you a Hamburger Lunch, entry into the Silent Auction, a wristband and Live entertainment by The FOG.  All the festivities are going to be at The Harbor Restaurant and Northshore Marina starting at 9am.  The Poker Run starts at The Harbor Restaurant and has 5 stops out on the Lake.  At each stop you will receive a Poker Chip.  When all your chips are collected come back to the Harbor Restaurant and trade them in for cards.  The top 4 winning hands will receive Amazon gift cards of $500, $300, two $100 prizes. 

Ya'll come out for a fun day on the lake, meet your neighbors and support our first responders!

For more information visit:

www.FueltheFireFighters.com

#richlandchambers #richlandchamberslake #fuelthefirefighters #volunteerfiredepartment #rclake