I updated my unique lakefront sales map to show all sales and I almost included the future…my office has one closing today or tomorrow (list price $5.15m). I decided against that but you are welcome to contact me directly for info on the sale.
The lakefront marketplace has been interesting thus far in 2013. Like other areas in NorCal, inventory is down but sales on par with 2012 (2012 = 16 sales averaging $43.9m; 2013 = 14 sales averaging $4.3m). One fun thing about the current market is that the options have been especially unique. We’ve seen some new entrants to the market which sold in a matter of days. In fact, there have been 4 sales this year which sold in fewer than 12 days – this is notable seeing as 266 is the average lakefront’s days on market since 2009. These 2013 sales ranged from an underpriced lakefront foreclosure at $1.52m all the way to a legacy estate on the West Shore which closed at $9.495m. As an aside 4 of the 14 lakefront transactions this year had loans involved, most in the $2m – $4m price point.