In reviewing the real estate market this past year, there have been plentiful listings on the Whitefish Chain and other lakes in the area. Currently, there are 151 listings on the Whitefish Chain of Lakes with 41 sales year to date. During 2007, there was a total of 73 sales. Although this year is not yet complete, it appears there is a good percentage number less than previously. At this current rate of absorption, there is approximately a four year supply of properties available for sale. This situation makes it an exceptional time to buy on this premiere chain of lakes. Some sellers need to move on and make a move for a number of reasons. My prediction is in about a year, buyers will be kicking themselves for not taking advantage of the current inventory. There have been times in the past years that properties were purchased sight unseen. Even though those market conditions were unrealistic, the demand and value of these properties will improve in the not to distant future. There are opportunities for all in this current real estate market.
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