The Kentucky Lake waterfront real estate market in Marshall County remained strong this year. Year to date listings sold were only 1 less than 2007 while the total and average sold prices are up. The following data is taken from our MLS:
Total sales for 2008 are up 10% over 2004.
Although total dollar sales were off in 2006 the following chart shows that the average home sale continued to rise.
Average home sales have risen 39% over the same 5 year period.
I think it's safe to say that investing in Kentucky Lake waterfront property is still a good investment even with all the negative information coming from the news media. Lenders are lending, interest rates are good and we have a good selection of properties to choose from.
This information is for Marshall County only and the data is taken from the regional Western Kentucky MLS. Information is deemed to be accurate but is not guaranteed.
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