Richland Chambers Market Update Jan 2020

Reflecting on 15 years of Market data for Richland Chambers Lake Property, we have survived Market Melt Downs, droughts and recessions.  We have thrived in a growing and budding community and have seen many changes in the Lake Area landscape.  New businesses and developments are popping up here and there around the lake. 

Three take aways stand out below:

•           The Waterfront home market has been improving in recent years.

•           The Waterfront lot market is on the same trend. 

•           Lake Area Inventories are falling and prices are rising.




There have been many changes but the one thing remains constant when looking at historical data, the market always rebounds.  Interest rates are predicted to remain stable in 2020, the economy is booming and with that, the market will continue to improve this year. 

 Beginning in 2015, we began seeing improvement in the Lake Market coinciding with the increase in average lake levels. During that time, our average sales price around the lake increased from $387,500 to $503,681.  The average price per square foot has increased by as much as 20 percent.

This Chart is Waterfront Homes on Less than 5 Acres

Inventories have declined in that time period which have caused prices to increase. 

There are currently only 16 waterfront homes active Lakewide!  

We should see new listings hit this Spring and that number will increase

as we go into the active season.  This is the lowest amount of inventory we have seen in many years. Simple economics tell us that when supply is low and demand is high, prices increase. And demand is at an all time high!

The Absorption Rate, the number of homes flowing through he market in a given price range, are at a record low in the under 500k range indicating it is a Seller's Market.  


What about Lake Lots?

Viewing the Richland Chambers Lake Lot market trends, they are consistent with the Lake home market trends.  There are currently 145 waterfront lots on the market.  There were 350+ waterfront lots for sale in Jan of 2015.  As you can see, we have moved quite a bit of waterfront dirt in the last few years. The average sales price for a waterfront lot in 2015 was $52,587.  In 2019, it was $76,899. The absorption rates are trending lower than in previous years but the inventories are adequate to prevent huge increases in lot values at the present. 

The future of the lake lot market will depend on the influx of new listings and the number of future developments.




Overall, this is great news for our Lake Community.   We are looking forward to an active Lake Market in 2020.

We want to help families make their waterfront dreams a reality as well as transitioning sellers to the next step for them.  Most of our Sellers are folks who have either retired here or had second homes for a Lake escape. The average time at the lake is 10 to 12 years for a family before transitioning away from the lake to get closer to medical or family members. Our goal is to make that transition as easy as possible. 




Give us  a call at (903) 874-0001 if you have questions about the information here or if you are interested in buying or selling at Richland Chambers Lake.  Have a great Spring!!  
See you on the water!

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

The Shrimp Man Comes to Richland Chambers

There are lots of cool things about the Richland Chambers Lake Community. There are large and small happenings all over the lake. Impromptu gatherings on the water, at The Harbor Restaurant or on a friends dock all the way to the big Poker Run going on this year on September 1st. (more about that later).

One cool thing that has been going on since we've been here the last 10 years is the Shrimp Man.  Kyle Kimball from Nederland TX comes every fall and has a big freezer trailer full of  large, fresh caught, flash frozen, gulf shrimp for sale.  Every time he's here people come by land and by water from all over the lake with their coolers and line up to buy shrimp.

A gentleman by the name of Glynn Holloway used to live over in The Point on Richland Chambers.  When we first came out here it seemed like everybody knew Glynn.  Glynn came here in the early 90's when the lake was new.  He built a house and had a business building docks and walls and various other things. Glynn is quite the guy.  He knows "Kyle the Shrimp Man" and Kyle used to bring the shrimp to Glynn's house and folks all went there to get them.  Glenn has since sold his house and moved so now the shrimp man comes to Bob Capallo's house over in Fowler's Point

 The shrimp comes whole, head on and frozen solid. I usually just leave mine in the cooler overnight, (because Kyle comes on Saturdays) and Saturday afternoons in August is lake time!  Then on Sunday morning or afternoons go out to the dock, turn on the water hose, some music and clean shrimp.  I just toss the heads and anything else into the water as chum for the fish.  When you buy the shrimp they are diligent to tell you how to preserve them.  They tell you to clean them, put in freezer bags, cover in water with a tablespoon of Karo syrup mixed in.  I'm not sure how it works but the Karo syrup in the water does a great job of preserving them.  We've had them sit in the freezer for a year+ and they are always in great shape when we want them.
There is a shrimp list to let everyone know when he's coming.
If you would like to be on the shrimp list for next year, let me know!  johnteelremax@gmail.com

These shrimp are always super fresh and delicious, right out of the water! So however you like your shrimp: boiled shrimp, fried shrimp, shrimp scampi, shrimp burger, shrimp soup, shrimp gumbo, shrimp sandwich, shrimp salad.... this is a good thing!!  And by the way, this year these beauties were only $6.00 a pound!  Richland Chambers is a great place!!

 #richlandchambers

Richland Chambers Real Estate August 2018

 The Real Estate Market around Richland Chambers is in a state now that we have never seen before around the lake.  There have been as many waterfront homes sell in the last 90 days as are for sale today. Yes. 34 homes on the water have sold in the last 90 days and today 34 active listings make up the available waterfront home inventory.  Think about that for a minute.  If all things were equal and the current rate continued (perfect world kind of stuff) every available waterfront home would sell and there would be nothing for sale by November.  Wow, that is a crazy thought.  We've been out here for 10 years and the real estate home market is the best it has been in that time and probably ever.  We are a relatively young market (the lake filled in 1989) so the number of homes on the lake ten years ago compared to today on the lake was much less.  So there weren't as many homes to sell as there are today.

There have been as many waterfront homes sell in the last 90 days as are for sale on the lake today.

In 2015 we saw as many as 110 waterfront homes on the market in July of that year.  The lake had just filled that spring and the housing market in general was improving all over the country.  Since then there have been  a total of  213 waterfront homes on Richland Chambers sell through today. So if you have a home on or around Richland Chambers and are thinking about selling now may very well be best time ever.  Simple economics tell us that low supply and high demand means increased value.  

As a buyer if you have been searching for a waterfront home on any lake in Texas Richland Chambers still represents the best value for waterfront property anywhere.  The unspoiled beauty, uncrowded water plus getting in on the early stages of what is destined to be the best waterfront community in the State make this area the best waterfront investment available.

Call us for more info!!

Ever heard of Matterport 3D?

This thing is way cool!!....Matterport 3D Imaging is the latest, cutting edge, Real Estate  Marketing tool for showcasing homes and other spaces.   

Doll House View

Matterport 3D Imaging allows you be virtually inside of a home!  Matterport is a 3 Dimensional Imaging System that allows the viewer to personally tour your home in amazing 3D!  You can see everything; walls, floors, ceilings, fixtures and more, all in amazing detail, right on your screen, from almost any angle and direction!

Floor Plan View

The Teel Team at RE/MAX LakeSide Dreams on Richland Chambers Lake is thrilled to add this Incredible Tool to 

Our Marketing Plan!

We have always been committed to providing our Sellers the absolute best marketing and attention to detail of any Real Estate company ANYWHERE!  It is our our mission to provide our Sellers with the greatest exposure to the most potential buyers.  Combine that with a second to none online presentation featuring the best and most cutting edge tools... 

That equals a recipe for Selling Success!

Virtual Walk Through, Explore the 3D Space

Matterport is even compatible with Virtual Reality systems.  Allow your potential buyers to experience your home in a way never possible before with the cutting edge in Real Estate Marketing Tools!

Check out our latest Matterport 3D Tours!

238 Lincoln Drive
720 Grandview
Explore 503 Hidden Oaks

Explore 412 Moonlight
Explore 210 Castlewood

Contact us today to put this incredible technology to work for you!

                           

Richland Chambers Lake Level Feb 2018

So if you live on Richland Chambers or any other Texas Lake the lake level is always on your mind.   Somewhere in your thoughts, whether the lake is up or down, you're thinking about the lake level.  Sometimes in the summer you jump off your dock and its a long way to the bottom.  And then  you're out on the boat one day and you see a sand bar you haven't seen in a while.  Or, you wake up one morning and the water is up to your dock!  

So what's the lake level now?

Here is a chart of Richland Chambers Lake Level  up to February 11, 2018 for the last five years. 

Richland Chambers Lake Level

 Taken from: http://richlandchambers.uslakes.info/Level.asp

This chart represents more than 9,000 daily lake level entries and tracks the lake since January of 1990. It shows the majority of lows occur in the winter, this time of year. Also Richland Chambers fills very rapidly. The average fluctuation for this chart is: 312.46 which is a 2.54 ft fluctuation. 
To see a bigger version of this go to:  BuyRCLakeLakeLevelHistory 

So where does it need to rain to fill the Lake?

Like most Texas lakes, Richland Chambers is a rainfall dependent lake.  There has to be appreciable rainfall in the watershed to keep the lake full. 

Here is a map of where it needs to rain to fill Richland Chambers Lake.

Richland Chambers Lake Watershed

The orange area is out of the 100 yr flood plain and any major floodway

This map is a work in progress and shows the approximate boundaries of the Richland Chambers Lake Watershed. Also all the creeks that need to fill and flow in order to fill RC Lake. The watershed is approximately 1947 square miles, stretching into 6 counties.  It can be divided into two major sections by following the creeks. 

The Richland Creek Watershed and the Chambers Creek Watershed  These two can be further divided by major creek sections and both include a Corps of Engineer Lake, Lake Bardwell and Navarro Mills Lake. These lakes are used to hold back flood flood waters and control the amount of water going downstream to Richland Chambers and ultimately the Trinity River. 

In the life of the lake the average fluctuation is less than 3ft.  

They built Richland Chambers here for a reason, a lot of water comes this way to form the 3rd largest lake in Texas!!

So far we seem to be in a rainy groove this winter, let's hope it continues!