Lake County Luxury Home Market Report Year in Review
Current Luxury Homes for Sale in Lake County by Price Points starting at $500,000
As one would expect, as the price of the Luxury Home for Sale in Lake County increases, so does the Average Days on the Market. A Luxury Home Seller in Lake County should plan for their house to be on the Lake County Real Estate Market for about 2 years, more in some cases.
Lake County's Luxury Home Market has a good 3 year supply of homes
A 'Real Buyer' is defined as someone who contracts to buy, shows up at the closing, and walks away with a home. The buying pool drastically shrinks as the home prices increase. Another indicator that if you plan to sell your Luxury Lake County Home, plan on it taking some time to do so.
Further indicator that the Luxury Home Market Buying pool in Lake County is very limited. Since we are not seeing many of the homes being sold, there are many Luxury Homes where the listing contract runs it's course without a sale, known as an expired listing.
Lake County Luxury Home Sellers will be happy to hear that the sales to list price is quite high.
In summary, selling a Luxury Home in Lake County will take time. The Lake County Luxury Home Seller will want to retain a Real Estate Professional who has knowledge of the Luxury Home Market, Inventory and the ability to network with their fellow luxury agents. Your Luxury Real Estate Professional should also be able to hone in on your property's unique attributes and be up to date on the marketing facets for the Luxury Home Market.
I am a member in good standing of The Institute of Luxury Home Marketing and would be happy to meet with you for a marketing consultation of your property. You can reach me directly at 216) 956-7635, by email at cpappasrealestate@gmail.com or request a Lake County Luxury Marketing Consultation online
Copyright © by Christine Pappas 2013 *ALL RIGHTS RESERVED*
*LAKE COUNTY LUXURY HOME MARKET REPORT YEAR IN REVIEW*
Comments(3)