By
Barney Watson – Broker / Realtor® with RE/MAX® On The Lake
January 1 through May 31, 2012 real estate sales are up
17.9% in units and down 8.2% in dollar volume, when compared to the same period
in the prior year. The figures reflect a combination of homes and lots sold in
the Lake Gaston area.
Waterfront home sales are down 2.0% in units and down
22.8% in dollar volume. Waterfront lot
sales are finally showing signs of recovery and off-shore home sales are
showing improvement as well. Off-shore lots lag behind, generating slim demand
over the last four years. Also noted,
new construction and home remodels are increasing for the Lake Gaston area.
Our 2012 buyer activity has been steady, but as summer approaches
we are hopeful for an increase. What are
buyers looking for? The amount of inventory currently on the market has buyers
searching for a good value. They look
for a property that’s priced correctly, in good condition and meets their
overall needs. Buyers seeking waterfront property focus on the view, water
depth and the useable water frontage.
The number one, most important, issue for all buyers is always correct
pricing.
With improving consumer confidence and low interest rates
I remain optimistic. 2012 will turn out
to be a good year for the Lake Gaston market.
Barney can be reached at 252-532-3274 or visit him at http://www.barneywatson.com/
