Sugar Springs Real Estate Market Conditions 2016 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.
2016 saw 21 waterfront homes sell with a sales price range of $97,000-$390,000.
The average list price was up to $245,520 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 $230,221, up from 2015.
Average days on market for 2016 was 221 which is typical for the area.
Sellers received 93.7% of the asking price.
It can be challenging to sell a home in Sugar Springs! 2016 saw only 21 homes sell, that is 10 less than in 2015. Choosing the right Realtor and the right brokerage can make all the difference. At Homewaters we understand the high end market and do not just list those properties, we sell them!!