When people ask me about the lake real estate market, I could say, “It depends on your position.”
If I am asked by an owner of lakefront property, I would say, “The market is great. Property values are at an all-time high, with median sales prices 12.3 percent higher than the same reporting period last year.” I also would add that there is a small supply of homes on the market currently, just a 4.91-month supply of single-family waterfront homes.
kAmx7 x 2> 2D<65 3J 2 A@E6?E:2= 3FJ6C[ x H@F=5 D2J[ “xE’D 2 492==6?8:?8 >2C<6E[ 3642FD6 AC:46D 2C6 9:896C E92? =2DE J62C[ 2?5 E96C6 :D 2 =:>:E65 D6=64E:@? @7 2G2:=23=6 AC@A6CE:6D] x7 J@F 7:?5 2 AC@A6CEJ E92E H:== H@C< 7@C J@F[ 5@ ?@E 96D:E2E6j E96C6 :D =:<6=J 2?@E96C 3FJ6C H2:E:?8 :? E96 H:?8D]”k^Am
kAmkDEC@?8mp AC@76DD:@?2= A6CDA64E:G6k^DEC@?8mk^Am
kAmx 2> 2=D@ 2D<65 E92E BF6DE:@? 3J 4@\H@C<6CD 2?5 @E96CD :? >J :?5FDECJ[ DF49 2D 32?<6CD[ =2?5 56G6=@A6CD 2?5 9@>6 3F:=56CD] %96:C BF6DE:@?D 2C6 ?@E ;FDE @7 9@H E96 >2C<6E 92D 366?[ 3FE @7 H92E x E9:?< :E :D 8@:?8 E@ 36 =:<6 :? E96 7FEFC6] x 5@?’E AC6E6?5 E@ 36 23=6 E@ E6== E96 7FEFC6[ 3642FD6 E96C6 2C6 D@ >2?J 724E@CD[ =:<6 :?E6C6DE C2E6D[ H9:49 2C6 :>A@DD:3=6 E@ AC65:4E]k^Am
kAm%96C6 2C6 >6EC:4D[ 9@H6G6C[ E92E 96=A >6 567:?6 EC6?5D :? E96 >2C<6E 2?5 2DD6DD H92E EJA6 @7 >2C<6E H6 >:89E 6IA6C:6?46 @G6C E96 ?6IE D:I E@ `a >@?E9D] x D92C65 2 4@FA=6 @7 E9@D6 <6J ?F>36CD 23@G6[ 3FE =6E >6 F?A24< 9@H 7:G6 <6J ?F>36CD :?5:42E6 >2C<6E 962=E9] k^Am
kAmu@C E96 AFCA@D6D @7 E9:D 2CE:4=6[ x 2> FD:?8 E96 >@DE C646?E `a\>@?E9 D2=6D 52E2 7@C D:?8=6\72>:=J H2E6C7C@?E 9@>6D 56C:G65 7C@> E96 =@42= |{$] %96 >@DE C646?E 52E2 2E k6>m{2<6k^6>m >282K:?6’D AC6DDE:>6 H2D 7@C E96 `a\>@?E9 A6C:@5 6?5:?8 ~4E] b`[ a_ab[ 4@>A2C:?8 E92E 52E2 E@ E96 `a\>@?E9 A6C:@5 6?5:?8 ~4E] b`[ a_aa] k^Am
kAmx7 x 4@F=5 @?=J 92G6 @?6 >6EC:4[ :E H@F=5 36 E96 D2=6D\AC:46\E@\=:DE\AC:46 C2E:@] %96 >@DE C646?E ?F>36C 7@C D@=5 C6D:56?E:2= H2E6C7C@?E 9@>6D :D hg A6C46?E] %92E >62?D AC@A6CEJ D6==6CD[ @? 2G6C286[ D@=5 E96:C AC@A6CEJ 7@C a A6C46?E =6DD E92? E96 25G6CE:D65 =:DE:?8 AC:46] %96 AC@76DD:@?2= 2AA=:42E:@? :D E92E 2?J C2E:@ 23@G6 he]d A6C46?E :?5:42E6D E92E H6 2C6 :? 2 D6==6C’D >2C<6E] %9:D EJA6 @7 >2C<6E 92D >@C6 3FJ6CD E92? =:DE65 AC@A6CE:6D[ 2?5 E96 D6==6C 5@6D ?@E ?665 E@ =@@< 7@C 2 D:8?:7:42?E 5:D4@F?E E@ D6== 2 AC@A6C=J AC:465 9@>6]k^Am
kAm%96 D64@?5 ?F>36C :D E96 :?G6?E@CJ\E@\D2=6D C2E:@] %96 >@DE C646?E ?F>36C :D c]h`] %9:D E2<6D E96 4FCC6?E 24E:G6 =:DE:?8D WfhX 2?5 5:G:56D :E 3J E96 2G6C286 >@?E9=J D2=6D A246 W`e]_g F?:ED A6C >@?E9X] %96 >6EC:4 E6==D >6 E92E[ H:E9@FE 2?J ?6H :?G6?E@CJ[ H6 H:== 36 D@=5 @FE :? c]h` >@?E9D] %92E :D 2 =@H ?F>36C 7@C {2<6 |2CE:? 3FE 9:896C E92? =2DE J62C’D b]fe] x?G6?E@CJ :D 3F:=5:?8 D=@H=J 3FE :D DE:== H6== 36=@H E96 e]hg\>@?E9 DFAA=J 7@C E96 D2>6 A6C:@5 :? a_`h WH9:49 H2D 2 8@@5 J62CX]k^Am
kAm%96 E9:C5 ?F>36C H@F=5 36 E96 A6C46?E286 :?4C62D6 @C 564C62D6 :? E96 8C@DD 5@==2C G@=F>6 @7 D2=6D 7@C D:?8=6\72>:=J H2E6C7C@?E 9@>6D] rFCC6?E=J[ E96C6 :D 2 J62C\@G6C\J62C 564C62D6 @7 e]b A6C46?E] x7 J@F 7@==@H >J 2CE:4=6D[ J@F H:== 7:?5 E92E x 6IA64E65 2 564C62D6 5F6 E@ E96 D>2== DFAA=J @7 =:DE65 AC@A6CEJ 368:??:?8 E96 J62C W;FDE 2 b]fe\>@?E9 DFAA=JX 4@FA=65 H:E9 9:896C :?E6C6DE C2E6D] k^Am
kAm%96 7@FCE9 >6EC:4 :D >65:2? AC:46] %96 4FCC6?E >65:2? AC:46 7@C D:?8=6\72>:=J H2E6C7C@?E 9@>6D :D S`[_ad[___] %92E :D `a]b A6C46?E 9:896C E92? E96 D2>6 `a\>@?E9 A6C:@5 =2DE J62C] p 5@F3=6\5:8:E :?4C62D6 :D 2 DEC@?8 :?5:42E@C @7 >2C<6E DEC6?8E9 2?5 E96 G2=F6 @7 E96 6?E:C6 >2C<6E]k^Am
kAm%96 7:7E9 2?5 7:?2= >6EC:4 :D 52JD @? E96 >2C<6E[ H9:49 :D 2 >62DFC6>6?E @7 9@H =@?8 2 D@=5 AC@A6CEJ H2D @? E96 >2C<6E AC:@C E@ 36:?8 D@=5] %92E ?F>36C :D `__ 52JD] w:DE@C:42==J[ E9:D >6EC:4 92D 366? 2C@F?5 `g_ 52JD[ D:?46 E96 =2<6 >2C<6E E6?5D E@ 36 D62D@?2=] {2DE J62C[ E92E ?F>36C DE@@5 2E hb]k^Am
kAmkDEC@?8m|J 2?2=JD:Dk^DEC@?8mk^Am
kAm$@[ E2<:?8 2== E96D6 ?F>36CD :?E@ 244@F?E[ E9:D :D H92E x H@F=5 D2J 23@FE E96 >2C<6E] q642FD6 @7 =@H :?G6?E@CJ ?F>36CD 2?5 4@?E:?F65 962=E9J 56>2?5[ D6==6CD 2C6 23=6 E@ D6== E96:C =2<6 AC@A6CE:6D 2E ?62C=J =:DE AC:46D] qFJ6CD 2C6 72465 H:E9 2 DE:==\=:>:E65 :?G6?E@CJ @7 9@>6D 2?5 H:== =:<6=J @?=J 7:?5 2 76H @AE:@?D :? 2 8:G6? AC:46 C2?86 E@ 4@?D:56C] v:G6? E92E =:>:E65 DFAA=J[ 2 3FJ6C H:== ?@E 82:? D:8?:7:42?E 5:D4@F?ED @77 =:DE AC:46]k^Am
kAm%92E >62?D E92E D2=6D AC:46D[ 6G6? H:E9 9:896C :?E6C6DE C2E6D[ 92G6 DFAA@CE 7@C 7FCE96C :?4C62D6D[ 3FE E96 5@F3=6\5:8:E :?4C62D6D 6IA6C:6?465 @G6C E96 =2DE J62C >2J E2A6C @77 :7 E96 DFAA=J @7 9@>6D :?4C62D6Dj 9@H6G6C[ 8:G6? E96 724E E92E D@ >2?J AC@A6CEJ @H?6CD AFC492D65 @C C67:?2?465 2E C@F89=J b A6C46?E 7:I65[ E96C6 2AA62CD E@ 36 =:EE=6 >@E:G2E:@? 7@C @H?6CD E@ A2CE H:E9 =2<6 AC@A6CE:6D] !C@A6CEJ G2=F6D 2C6 G6CJ F?=:<6=J E@ 564C62D6]k^Am
kAm(9:=6 8C@DD 5@==2C G@=F>6 92D 564C62D65[ E96 A2DE 4@>A2C23=6 A6C:@5D 2C6 ?62C C64@C5 9:89D 7@C E96 >@?E9D 7@==@H:?8 r~'xs] #646?E >@?E9D 92G6 D9@H? 2 =6G6=:?8 @77[ 2?5 D2=6D G@=F>6 :D ?62C =2DE J62C’D =6G6=D] %96C67@C6[ x 6IA64E E96 ?6IE J62C E@ 36 D:>:=2C E@ E9:D J62C[ H9:49 H2D 2 8@@5 J62C]k^Am
kAmx?4C62D:?8 52JD @? E96 >2C<6E E6== >6 E92E H9:=6 H6 2C6 DE:== :? 2 D6==6C’D >2C<6E[ H6 2C6 368:??:?8 E@ >@G6 E@ 2 >@C6 ?@C>2= >2C<6E] $2=6D AC@D[ D6==6CD 2?5 3FJ6CD D9@F=5 42C67F==J 2?2=JK6 4@>A2C23=6 D2=6D E@ 56E6C>:?6 E96 4@CC64E 2D<:?8 2?5^@C D6==:?8 AC:46D]k^Am
kAm|J 5:D4=2:>6C E@ E96 23@G6 :D E92E x 2DDF>6 E96 64@?@>J H:== 36 72:C=J D>@@E9j :?E6C6DE C2E6D DE2J H:E9:? 2 A6C46?E286 A@:?E @7 4FCC6?E =6G6=Dj 2?5 4FCC6?E :?E6C?2E:@?2= 4@?7=:4ED H:== 36 4@?E2:?65] (92E 6=64E:@? E:>6 H:== 36 =:<6[ @C H92E :E H:== 42FD6[ :D 2?J@?6’D 8F6DD] k^Am
kAmk6>m$E6G6 pC?36C8 :D ':46 !C6D:56?E #62= tDE2E6 $2=6D 7@C #FDD6== {2?5D]k^6>mk^Am
