Sugar Springs Real Estate Market Conditions 2015 Year in Review
Lake Lancer & Lancelot offer 1,000 acres of water fun with Lake Lancer at 780 acres and Lancelot at 230 acres. These two lakes are private and are for residents of Sugar Springs, a planned community with over 3,200 platted acres. There are 15 private beach clubs along the shores of the lakes for association members only. Some of the beach clubs offer restrooms, showers, swimming, picnic areas and boat launches. Fisherman enjoy the tranquility of the lakes and the Northern Pike, Walleye, Bass and Panfish that can readily be caught from both Lake Lancer & Lake Lancelot. Lake waters are tested annually and treated several times per year to control weeds and infestation allowing boaters, skiers, jet skiers and swimmers to enjoy the waters! Lake Lancer and Lancelot are in Butman Township within Gladwin County.
2015 saw 31 waterfront homes sell with a sales price range of $114,500-$343,000.
The average list price was down just a bit to $225,618 which is still the highest average list price of all the lakes in Gladwin County making Sugar Springs the most affluent lake neighborhood in Gladwin County.
The average sale price was $218,374 which is essentially the same as 2014.
Average days on market for 2015 was 190 which is a huge improvement from the 240 days in 2014.
Sellers received 96.7% of the asking price which is nice gain for sellers over 2014.
Homewaters.net received over 12,500 page views from the search terms Lake Lancer and Lake Lancelot! Sugar Springs buyers are using our website to find real estate so be sure we are represent your listing if you are serious about selling in 2016. The market in Sugar Springs is seeing steady improvment and with the help of Sonya Loose with Homewaters Recreational Real Estate you can accomplish your goal of selling your home in 2016!
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