Lakefront Sales with Multiple Offers

37 lakefronts traded hands last year and some of these saw competitive bidding from multiple buyers. Occasionally it was coincidental but more often than not it was due to a price reduction. I estimated values on all of these and the list prices were usually dropped exactly to or just below what I perceived as market value. In each of these cases the properties went into escrow in a matter of days. There were only two cases where I believe the buyers overpaid for the properties. I am watching at least one (very nice) lakefront which is poised to be the next one to drop price significantly and attract a lot of attention – feel free to get in touch to discuss these or anything else about the market.

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