Well on the last day of the Quarter I'm looking at the numbers and I have to say that I'm a little disappointed. The market feels better than what the numbers are showing. And when you dig a little deeper maybe it is better.
28 Total Lake Sinclair homes sold in the 1st Quarter of 2012 compared to 21 in 2011
The average sales price is down from $230,985 (2011) to $209,770. (2012)
The average DAYS ON MARKET is also down from 233 in 2011 to 181 in 2012.
So it's only taking about 6 months to sell this year as opposed to almost 8 months for the same period last year. But of course averages don't always tell the whole story. Last years data shows the least days on market for a sale in the first quarter was 72 and only 2 sales were under 90 days on market. In 2012 there were 7 sales with less than 90 days on the market with one being only 7. I certainly see that as a sign of encouragement.
If you'd like to be in a Lake home by summer, call me, there's still time and there are still lots of good deals available on Lake Sinclair.
Take this beautiful log home at KingsPointe for example. It's now priced below assessed value at just $429,000. It offers water views from every room in the house, a two car garage, a boathouse, dock and a level lot for just $429,000. Visit our web site Lake-Sinclair.com for details.
Of course as members of the local Multiple Listing Service we can show you homes listed by other companies as well. We offer buyer representation, so give us a call today if you want an agent working for YOU. You shouldn't buy a home without an agent who is on YOUR side, working for you to get you the best deal possible.
706-485-9668 us on facebook
(Click on Lane Realty Logo for web site)
Tammy Lankford, Broker/Owner
Broker License # 169695 Lane Realty License # H-11420
Call me today for all your Lake Sinclair real estate needs.
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