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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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18 SKYLINE Drive,
Bolton, NY

$12,800,000
Listing Courtesy of: Select Sothebys International Realty
MLS: 152138
 
 
16 and 10 Colony Cove Road,
Lake George, NY

$9,900,000
Listing Courtesy of: Sherwood Group, LLC
MLS: 123712
 
 
5908 Lake Shore Drive,
Bolton, NY

$7,495,000
Listing Courtesy of: Sherwood Group, LLC
MLS: 126270
 
 
41 Cramer Point Road,
Lake George, NY

$7,399,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 120176
 
 
660 Glen-Athol Road,
Thurman, NY

$3,799,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 118052
 
 
41 In Haven,
Lake George, NY

$3,500,000
Listing Courtesy of: Sherwood Group, LLC
MLS: 150934
 
 
836 Gull Bay Road,
Putnam, NY

$3,500,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 122391
 
 
250 Shaw Road,
Lake George, NY

$3,490,000
Listing Courtesy of: Select Sothebys International Realty
MLS: 122135
 
 
627 Deerland Road,
Long Lake, NY

$2,999,000
Listing Courtesy of: Select Sothebys International Realty
MLS: 113011
 
 
12 Little Bay Lane,
Lake George, NY

$2,998,000
Listing Courtesy of: Hunt ERA
MLS: 150030
 
 
1693 PILOT KNOB Road,
Fort Ann, NY

$2,995,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 150073
 
 
2148 Lands End Road,
Dresden, NY

$2,800,000
Listing Courtesy of: Select Sothebys International Realty
MLS: 126092
 
 
12 Shore Acres Road,
Queensbury, NY

$2,795,500
Listing Courtesy of: Realty USA
MLS: 150729
 
 
69 Vandecar Lane,
Lake George, NY

$2,695,000
Listing Courtesy of: Select Sothebys International Realty
MLS: 150005
 
 
18 Crooked Tree Drive,
Lake George, NY

$2,500,000
Listing Courtesy of: Sherwood Group, LLC
MLS: 120374
 
 
3 Heron Hollow Road,
Queensbury, NY

$2,500,000
Listing Courtesy of: Robert W. Leavitt
MLS: 126394
 
 
58 Christiana Court,
Lake George, NY

$2,498,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 125120
 
 
15 Cliff Hollow Road,
Lake George, NY

$2,498,000
Listing Courtesy of: Sherwood Group, LLC
MLS: 126993
 
 
32 Bean Road,
Queensbury, NY

$2,495,000
Listing Courtesy of: Robert W. Leavitt
MLS: 150230
 
 
3052 Oakley Way,
Fort Ann, NY

$2,479,000
Listing Courtesy of: Davies-Davies & Associates Real Estate, LLC
MLS: 150536
 
 
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