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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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55 woodland ridge - bolton landing

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Listing Courtesy of: Prudential Manor Homes -QBY
Location: Bolton Landing
Type: Residential
Water Type: Water View Only
Contract:
Available
  Click to see virtual tour
Address: 55 Woodland Ridge
Bolton Landing, NY  
MLS#: 113686
Price: $ 699,900
Agent:
Description: Fantastic views across Lake George and the Sagamore from every where in the house. Wonderful two story great room offering huge window walls, a massive field stone fireplace,open to kitchen and dining area. Two master bedrooms each with a private porch and great lake views. Common leach field for septics.
SQ Footage: 2364
Lot Size: 0.18
Bedrooms: 4
Baths: 3
School District: Bolton Central School
Est Taxes: $ 4,139

 

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