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Holly's Corner

Is It Really Still A Buyer's Market?
If you are looking to sell your home in the Lake George area, you are probably not going to like the answer. The unfortunate truth (for some) is that unlike other parts of the country, including other regions in New York State, Lake George and the surrounding Adirondacks has not seen a great lift in the real estate market (check out this article from a local paper. Making it an even more important time to price your home correctly to sell.

Why is this the case? It's a numbers game. The built up inventory from the recession years still has not thinned out. There are more homes for sale than we would expect to see in a typical year. A big part of that is our area is home to many vacation and second homes. Many purchases are a luxury versus a must have. This means that many home sellers, in order to attract buyers, need to price it right!

This begs the question: When will the market turnaround?
There's no clear answer to this, as no one can truly predict the future. But in past downturns in the economy, the Lake George area has been about a year behind other markets, both regionally and nationally. When things do turn around it is a very hot and competitive market.

If you are looking to see if you can get a good deal on a new home or a vacation home in Lake George, please give me a call at (518) 321-1870. The time is right - high inventory, lower prices and low interest rates. If you are looking to sell your home, please give me a call and we can discuss ways to get the most in this market.


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properties

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16 Colony Cove,
Lake George, NY

$10,500,000
Listing Courtesy of: Sherwood Group, LLC  
 
5908 Lake Shore Drive,
Bolton Landing, NY

$8,500,000
Listing Courtesy of: Sherwood Group, LLC  
 
41 Cramer Point Road,
Lake George, NY

$7,745,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
470 Langley Park Way,
Long Lake, NY

$6,495,000
Listing Courtesy of: Select Sotheby's International Realty  
 
836 Gull Bay Road,
Putnam Station, NY

$3,500,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
627 Deerland Rd.,
Long Lake, NY

$2,999,000
Listing Courtesy of: Select Sotheby's International Realty  
 
12 Little Bay Lane,
Lake George, NY

$2,998,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
20 Circular St,
Saratoga Springs, NY

$2,950,000
Listing Courtesy of: Reynolds Real Estate  
 
2148 Lands End Road,
Huletts Landing, NY

$2,800,000
Listing Courtesy of: Select Sotheby's International Realty  
 
15 Cliff Hollow Road,
Lake George, NY

$2,650,000
Listing Courtesy of: Sherwood Group, LLC  
 
18 Crooked Tree Drive,
Lake George, NY

$2,500,000
Listing Courtesy of: Sherwood Group, LLC  
 
3 Heron Hollow Road,
Queensbury, NY

$2,500,000
Listing Courtesy of: Robert W. Leavitt  
 
2326 Lands End Way,
Huletts Landing, NY

$2,499,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
2330 Lands End Way,
Huletts Landing, NY

$2,499,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
10 Woods Pt Lane,
Lake George, NY

$2,498,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
58 Christiana Court,
Lake George, NY

$2,498,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
3939 Whipple Way,
Kattskill Bay, NY

$2,495,000
Listing Courtesy of: Select Sotheby's International Realty  
 
55 Indian Brook,
Bolton Landing, NY

$2,445,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
67 Seelye Road,
Cleverdale, NY

$2,389,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
23 Coulterbrook Road,
Lake George, NY

$2,368,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC  
 
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