August 2010
Almost everyone
is hoping to find a wonderful deal in a waterfront property,
so I have performed a recent search of available waterfront homes and lots, looking for the
value/bargain properties, and want to share these with you. If you see something of interest, you can contact me requesting additional information about the property.
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Quick Search
to see
ALL listings by price range.
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We have passed the halfway mark, both through the year and
through the summer selling season. The
mid-year average sales figures show that our
waterfront housing market has upturned with
a 9% increase in transactions and a 7% increase in
average sales price over 2009 activity.
Waterfront lots did even better... They are
up 18% in transactions, and 43% in average sales
over 2009 activity which took a hard hit.
Our activity for off-water, water-access homes
and lots isn't bouncing back at the same
pace. The higher priced homes are selling
better and median price has increased; but the
number of sales (adjusted for half year) fell below
that of 2009.
The lake is still a great investment
– in both real estate and in
lifestyle, and the interest rates are incredibly low
for those who can make the decision to "get in"
while the prices are still recovering.
AUGUST Mortgage RATES
30 Yr Fixed:
4.125
(1 point)
or
4.25
(0 points)
15 Yr Fixed:
3.62
(1 point)
or
3.75
(0 points)
Adjustable Rates: 3/1 ARM 3.49 and
5/1 ARM 3.125
JUMBO Rates (over $417K) 30 Yr Fixed @
5.125 or 15 Yr Fixed @ 4.5
