Lake Sinclair - 2012 1st Quarter Market Report

By
Real Estate Broker/Owner with Lane Realty GREC# 169695

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.

 

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Ambassador
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

I think getting down to six months from eight months to sell on average Tammy is probably good for your market, definitely the sellers.

Mar 31, 2012 04:47 PM #1
Rainmaker
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Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Wow, Tammy, that's a pretty sweet looking market report! I really, really need to figure out and start doing them. Good for you!

Mar 31, 2012 05:27 PM #2
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Tammy Lankford
Lane Realty - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Gary- yes that is good and inventory down a bit too, but we've a long way to go.

Eric- I can help.  Call me, email me.  I have to force myself, but today's was a bit easier.

Mar 31, 2012 05:30 PM #3
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Emily Medvec
Keller Williams Santa Fe - Santa Fe, NM
Realtor, Santa Fe NM |CNE CRS RSPS | 505-660-4541

You are fast on the draw with this First Quarter 2012 stats for your local market. I can understand how numbers often feel different than reality. What is important is the way you make sense of what you see and research. Buyers and Sellers need to pay attention to what the numbers are showing and at the same time take advantage of the market or get out ahead of it.

Mar 31, 2012 07:13 PM #4
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Tammy Lankford
Lane Realty - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Emily- I know I might have to make an adjustment if someone enters data in the next few days.  But I had the time to get this done today and I expect the next week to be really busy.

Mar 31, 2012 07:23 PM #5
Rainmaker
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Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

That is quite a house, and your report still shows better than last year's numbers.  But, I am waiting to see your new listing. 

Apr 01, 2012 05:02 AM #6
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Tammy Lankford
Lane Realty - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Ron- your wish is granted... it's posted now. 

Apr 01, 2012 11:05 AM #7
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Tammy Lankford

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