Well, the groundhog saw his shadow, so the cold is here a bit longer. While you might be tempted to take a long winter’s nap, if you are planning to list your property this year, now is the time to get busy! The market is heating up already, and we’re off to a record start to the year.
Each year, I remind folks that January performance doesn’t necessarily indicate the outlook for real estate sales for the year. We have some years with one or two closings, others with several. But in 15+ years of analyzing Lake Wylie real estate, never has the market posted 9 closings in the first month of the year! We’ve had a few years with seven closings across the lake, but never more. So this January is a record breaker.
I’d be tempted to mark it up as a “fluke”, but there are 13 waterfront home sales currently listed as under contract, and my phone and email have been active, so . . . I think we’re in for an exciting spring market.
Listing inventory for waterfront homes is consistent with last year. The number of dockable lots available for early spring is up considerably from the past few years, although is but a fraction of what was the norm five or six years ago.
Listing Inventory is Needed!
The number of waterfront listings is generally lowest in January, and begin to build in February. Demand for luxury homes in the greater Charlotte area is strong.
If you or someone you know is considering listing property, please let me know. Our team has unparalleled waterfront expertise on Lake Wylie, and we can help you achieve a successful sale.