K2 View - Summer 2019
Welcome to the K2 View - Summer 2019 market report, our update of the real estate market in Lost Tree Village, including a comparison of our residential real estate market from years prior, a summary of current activity, and themes we are seeing in our great community.
The real estate market in general has been fairly stable this past year, with inventory
averaging around 30 residences for sale. Putting this in perspective, in both 2010 and 2013 there was an overall average of approximately 50 homes available for sale. The old adage, “location, location, location,” certainly rings true as of late, as interest in direct waterfront is extremely high. The Lost Tree amenities continue to be a fantastic draw for new buyers, with much of the excitement centered around the Fitness Center.
2018 proved to be a far better year than 2017. While the total number of listings was down for the year by 10%, out of the 57 total listings, 24 properties went under contract (a 13% increase over 2017), and 27 properties ultimately traded (a 22% increase over 2017).
(reference Figures 1 & 2).
How many total listings were there in 2018?
