November 2015 Lake Sinclair Market Report

I was vacationing when the month ended, then a lot of catch up and then caught a cold, holidays... so I apologize for getting this report out later than normal, but here it is.

First we tied the same month for 2014 with 14 closings for the month.  We've had a great year getting some inventory off the books. At the current time we have 17 months of inventory. That's up from last month putting us still clearly in a buyer's market, but it's way down from long period where we had nearly 3 years worth of inventory. There are currently 238 homes for sale on Lake Sinclair. Pick your price range at LakeSinclairHomesForSale.com if you are in the market and would like an agent from Lane Realty to assist you in finding your perfect lake home.

Although there was a very low sales price in November the average price still went up.  Currently the average price per square foot is $117.  Some homes on better lots where more value is in the lot may average more, but that's an overall general average.

Days on the market was up a bit, but not a significant jump. One listing that had been on the market for 968 days closed.  Those listings tend to take the average up. Perhaps 2016 will be the year people either get serious with price or take them off the market.

 

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Tammy Lankford, Broker/Owner

 

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Comment balloon 3 commentsTammy Lankford, • December 30 2015 12:16PM

Comments

Aloha Tammy, 14 closings, that is almost a closing every other day! Congrats on a great end to the year and breaking those records next year! Hau'oli Makahiki Hou! - Happy New Year!

Posted by Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i (HI Pro Realty LLC RB-21531 ) over 1 year ago

Home buyers and sellers in the area will appreciate the information.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 1 year ago

Great Market Report. Thanks for the information on the local community sales!

Posted by Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty) over 1 year ago

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