Back in August I did a short market report on the Lakeshore Pointe community in Howell.
This is a great community of about 248 homes in a fantastic location. There are some lakefront homes, most are not, but all have lake access. The community has resident-only waterfront parks, picnic areas, walking trails and two marinas on all sport Thompson Lake. There is no through traffic and the occasional speed bump on the private roads keeps things quiet.
The Homeowner's Association (HOA) does have architectural/aesthetic, vehicle storage, and landscaping guidelines and is professionally managed by a local property management company. Some people chafe at such restrictions, but generally they will help to keep the property values up by keeping a clean and consistent look throughout the community.
There are currently 5 active listings ranging from $215,000 to $515,000, two of which are larger lakefront homes. In the last 12 months, 14 homes have sold for an average of 98% of their list price. This equates to less than a 6% turnover rate for the neighborhood, making it a stable community.
If you're thinking about selling in Lakeshore Pointe, or in the larger Howell area, call me for a detailed analysis of your neighborhood's prices and marketability.
Photo credit: Robert Smith, copyright 2015
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