All last year there was little inventory available for waterfront buyers. As soon as something came on the market (or before!) it was snapped up at Open Houses with over bids and multiple offers. Waterfront properties are selling for record prices. And the market is still strong.
Here’s the data.
Year to Date 2022 (January 1 to July 7) : 36 waterfront homes closed (all towns around the Lake). The average time those homes were on the market (DOM) was 14 days. The average selling price was $2.65M.
If we look at the last 90 days (a recent subset of the YTD), : 25 waterfront homes closed (all towns) with an average Days on Market of 18. The average selling price was $2.43M.
And in the past 30 days : 8 waterfront sales, which sold on average in 8 Days on Market, and the average price was $2.6M.
Sales are strong.