The current changes in the economy has created new types of home sellers.
In this video, Glenn Phillips, CEO of Lake Homes Realty, discusses seller profiles you’ll find in the present COVID-19 real estate market.
For more industry news, click HERE.
Tag: lake real estate markets
Whiteboard Topics: Types of Buyers During COVID-19 Pandemic
COVID-19’s impact on many businesses has brought on significant changes to rules and regulations that can be seen on a global scale. The real estate industry is also having to change to meet the needs of its buyers during these times of uncertainty.
In this video, Glenn Phillips, CEO of Lake Homes Realty, discusses the types of buyers you’ll find in the present COVID-19 marketplace. Learn how to navigate the delicate new economics of real estate in this exploration of buyers.
For more industry news, click HERE.
Uninterrupted Nature: A Spotlight On Moosehead Lake, ME
Three hours north of Portland, Maine, you’ll find a lake that American writer and philosopher Henry David Thoreau described as “a gleaming silver platter at the end of a table” with gorgeous land that is “uninterrupted.” Moosehead Lake, its name derived from the lake’s shape when viewed from Mount Kineo, certainly lives up to Thoreau’s words. Stretching 120 square miles, Moosehead is the second largest New England lake after Lake Champlain. It’s also bordered by the charming town of Greenville, where you can discover shops, boutiques, golf courses, and fun restaurants such as the Stress Free Moose. This town certainly retains its local culture, just as the surrounding woods still boast their natural beauty. Unassuming yet magnificent, this tranquil Northeastern lake deserves its spotlight. And who knows — you may end up finding a new vacation destination or dream spot for your lake home.
The History
The background of this extraordinary lake begins between three and six thousand years ago when several Native American tribes used the waterways for transportation and hunting large animals. They also valued the minerals on Mount Kineo, felsite, and rhyolite, which were instrumental in creating tools such as spearheads. In the 19th century, Native Americans living in the region guided Henry David Thoreau through Moosehead’s expansive woods by foot, canoe, and boat. He wrote about his travels in his book, The Maine Woods. Moosehead Lake also holds a noteworthy place in the history of aviation and steamboats. You can still experience the latter by riding the Katahdin Steamship, also known as “Kate.” Today, the Moosehead Historical Society commemorates various aspects of Moosehead Lake’s history with attractions such as the Lumbermen’s Museum, the Moosehead Aviation Museum, and the Center for Moosehead History.
The Great Outdoors
This idyllic natural paradise in Northern Maine certainly has no shortage of outdoor activities. No matter the season, you can engage with nature and explore the stunning scenery. This time of year, snowmobiling, snowshoeing, and skiing are popular activities for the whole family. You can check out the best ski and snowboarding trails to hit the slopes as soon as possible. Once the weather is a bit warmer, trade your ski poles for hiking sticks and discover the bounty of mountains and waterfalls that Moosehead Lake has to offer. In particular, the famous Mount Kineo offers several different trails with varying intensity. If you’re unafraid of arduous trails and want to get the most breathtaking views, opt for the six mountain hiking challenge called the Pinnacle Pursuit. You may be lucky enough to spot a native falcon or moose while you’re there.
After you’ve earned your trailblazer badge, try casting your fishing line at over 40 ponds and lakes in the area. Moosehead’s irregularly shaped shoreline encloses an abundance of fish such as salmon and trout, making it a popular fishing destination. For more high energy outdoor attractions, you can rent an ATV and ride through the woods. Or if you’re looking for a bird’s eye view, Moosehead offers scenic plane tours where you can get an aerial glimpse of this incredible lake region.
With a plethora of outdoor activities and local attractions, you can tap into both your adventurous and serene sides at Moosehead Lake. This region, with its unique wildlife, little light pollution, and majestic mountains, is certainly a rarity, making it an ideal place to vacation or reside.
To learn more about this northeastern lake paradise, click HERE.
Exploring Lake Real Estate: Real Estate Moguls Interviews Lake Homes Realty CEO Glenn S. Phillips
“A gentleman asked me one day ‘Hey, Glenn. I’m thinking about buying a lake home. We’ve never bought one. What’s the best lake?’ And I said ‘Well that’s kind of like asking me what’s the best woman. It’s kind of a personal choice, and if you don’t know which lake you like, you need to date a few’.”
Glenn S. Phillips
There’s no one who knows more about the ins and outs of the lake real estate market than Lake Homes Realty CEO Glenn S. Phillips. That’s why Real Estate Moguls creator Grant Findlay-Shirras caught up with Glenn recently to interview him about the industry.
What made Phillips, after a career in computer engineering, decide to tackle a nationwide niche real estate market? Why is LakeHomes.com built the way it is, and what makes it one-of-a-kind? And how does this brokerage differ from Century 21, RE/MAX, or any of the other well-known brands of today?
Well Findlay-Shirras just got the answers to all your questions. Check out the video below to learn more about the magic that makes Lake Homes Realty possible.
Top 5 Biggest Markets of 2018
2018 was quite a year for Lake Homes Realty! In the last 12 months, our corporate headquarters relocated to a larger, multi-tenant business complex; ranked on the Inc.5000 list of fastest growing, privately owned companies in America for a second consecutive year; and opened operations in six more states.
Across the nation, the year has been good to many lake real estate markets as well, including these five markets, which ranked among the largest lake real estate markets in the country in 2018.
Lake Michigan, Michigan
From the beginning of 2018, No. 1 Lake Michigan’s overall market value (or the combined listing value of all the lake’s properties for sale) increased by nearly 35 percent, according to LakeHomes.com’s Fall Lake Market Report.
Individually, the lake’s home and land markets saw overall value increases of 45 percent and 9 percent, respectively. This rather wide margin between the two markets can be attributed to uneven increases in listings and average home price.
While land listings on Lake Michigan increased from 822 in January to 900 this fall, residential listings more than doubled, up from 673 to 1021.
This spike in homes for sale increased Lake Michigan’s total market by approximately $293 million over the year. This market also saw its average home price increase by about 10 percent to roughly $1 million.
As of fall 2018, the Lake Michigan real estate market is valued at more than $1.2 billion. Its home market currently boasts listings totaling nearly $957 million, while Lake Michigan land listings total about $267 million.
Lake Norman, North Carolina
The second-largest lake real estate market featured in the Fall Report, Lake Norman has an overall market of roughly $795 million, up 24 percent since January 2018.
Lake Norman’s home market increased by more than 28 percent this year to $654 million.
This is likely due to an increase of 181 residential net listings since January; however this increase also resulted in a drop in average home price, which is down from $876,000 to $849,000.
The lake’s land market also grew by about 9 percent to $141 million, despite a slight drop (4 percent) in listings.
In total, Lake Norman currently has 1,225 listings along its 520 miles of shoreline.
Lake Lanier, Georgia
Lake Lanier, ranked No. 3 among LakeHomes.com’s largest lake markets, reports a total inventory of 1,397 listings valued at roughly $650 million.
This market saw increases across the board in both number of listings and market value. Its average home price, however, remained virtually unchanged compared to winter 2018 data.
Most significantly, Lake Lanier’s home market rose more than 46 percent in listing value, up from $329 million in January to $482 million in the fall. Homes for sale increased as well, by nearly the same amount, 48 percent, from 591 to 872 listings.
Land listings increased from 459 to 498 this year, driving the market’s value up almost 10 percent to $139 million.
The Fall Market Report puts Lake Lanier’s average home price at $553,000.
Lake Travis, Texas
At $616 million in lake real estate, Lake Travis is the No. 1 largest lake in the Lone Star State, and the fourth-largest featured in the Lake Market Report.
Since the beginning of 2018, this market has increased by more than 22 percent in overall market value and almost 30 percent in total inventory.
Much of this influx of net inventory is homes for sale, which almost doubled this year from 242 listings to 354. Because the home market increased by only about 23 percent, Report data indicates the average home price on Lake Travis dropped 12 percent.
Currently, this average home price is $1.4 million, the third-highest in the state.
The Lake Travis land market value increased by 18 percent over the same period, with listings increasing by about 14 percent.
Land listings now total $120 million.
Lake Oconee, Georgia
Rounding out our list of the Top 5 biggest lake real estate markets of 2018 is Georgia’s Lake Oconee.
Its 1,207 total listings combine for a total market of $496 million, up 14 percent from $434 million at the beginning of the year.
The lake’s land market increased slightly to $147 million from $141 million in January. Land listings decreased by only one property compared to winter data.
Approximately 18 percent more residential properties are on the market at the end of 2018 than were for sale at the beginning of the year.
Currently these residential listings combine for a total lake home market value of $328 million.
Lake Lanier’s average home price only increased by about 2 percent.
About the Lake Market Report
Each quarter, LakeHomes.com publishes an in-depth Lake Market Report, that analyzes real estate data pulled from the approximately 100 MLSs of which they are members, to feature the Top 10 lake real estate markets across 16 states in the Central and Eastern U.S.
The 2018 Fall Lake Market Report reflects values of current listings across each lake’s home, land and commercial markets as of Sept. 1, 2018, at which time Report data was pulled.
These figures – market value, average home price, etc. – represent only those properties currently on the market.
According to Lake Market Report Methodology, lake property is defined as “any home or land/lot listing adjacent to a recognized inland body of water, has a view of any of these lakes, has designated access to a lake, or is within a community that considers itself a lake-focused community or development.”
For more information about your local market please download your free copy of the Lake Market Report here!
Lake Real Estate Market Report for Winter 2018 Released
Winter 2018 Update to the Lake Real Estate Market Report Released
Lake Homes Realty has released the Winter 2018 update to the firm’s proprietary Lake Real Estate Market Report.
Covering more than 650 lake real estate markets across 13 states through the Southeast, Southwest, Northern, and Northeast United States, the report is the nation’s most comprehensive look at these lake real estate markets.
This edition of the report has data from Alabama, Arkansas, Georgia, Maryland, Michigan, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.
This is the second report to include trending data that shows how markets compare to the winter of the prior year!
A “Must Read” for Lake Home Buyers and Sellers
“Anyone who is considering buying or selling a lake home or lots in any of these 13 states will find this to be a ‘must read’ report,” notes Brian Cauble, Lake Homes Realty’s Director of Market Engagement.
Cauble and Tom Wofford are co-authors of the report, which includes 59 pages of rankings for market sizes, most expensive home and land markets, and most affordable home and land markets.
Previous editions of this report have been a valuable resource for lake home and land buyers and sellers.
The report has also been popular with a number of local and regional news outlets, as well as a growing number of visitor and convention bureaus.
The full report is available at no charge for lake real estate buyers and sellers, as well as media use.
To obtain a free copy of this report, visit www.lakehomes.com/info/lake-real-estate-market-reports.
Lake Real Estate Market Report for Fall 2017 Now Available
Fall 2017 Market Report is Now Available
Lake Homes Realty has just released the Fall 2017 update to the firm’s proprietary Lake Real Estate Market Report.
Covering more than 550 lake real estate markets across 12 states through the Southeast, Southwest, and Northeast United States, the report is the nation’s most comprehensive look at these markets.
This edition of the report has data from Alabama, Arkansas, Georgia, Maryland, New York, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. In addition, this is the first time the report includes trending data showing how markets compared to the fall of last year!
A Must Read for Lake Home Buyers and Sellers
Lake Homes Realty’s Director of Market Engagement Brian Cauble shared,
“Regardless of where they live now, anyone considering buying or selling a lake home or land in these states should find this to be ‘must read’ information.”
Cauble, along with Tom Wofford, is a co-author of the report, which includes 55 pages of rankings for market sizes, most expensive home and land markets, and most affordable home and land markets.
Previous editions of this report have been a valuable resource for lake home and land buyers and sellers. The report has also been popular with a number of local and regional news outlets.
The full report is available at no charge for lake real estate buyers and sellers, as well as media use.
To obtain a free copy of this report, visit www.lakehomes.com/info/lake-real-estate-market-reports.
Lake Real Estate Market Report for Summer 2017 Now Available
Summer 2017 Market Report is Now Available
Lake Homes Realty has just released the Summer 2017 update to the firm’s proprietary Lake Real Estate Market Report.
Covering nearly 400 lake real estate markets across nine states through the Southeast and Southwest United States, the report is the nation’s most comprehensive look at these markets.
This edition of the report has data from Alabama, Arkansas, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. (Market information from additional states will be included in the Fall report).
A Must Read for Lake Home Buyers and Sellers
Lake Homes Realty’s Director of Market Engagement Brian Cauble shared, “Regardless of where they live now, anyone considering buying or selling a lake home or land in these states should find this to be ‘must read’ information.”
Cauble, along with Tom Wofford, is a co-author of the report, which includes 47 pages of rankings for market sizes, most expensive home and land markets, and most affordable home and land markets.
Previous editions of this report have been a valuable resource for lake home and land buyers and sellers. The report has also been popular with a number of local and regional news outlets.
The full report is available at no charge for lake real estate buyers and sellers, as well as media use.
To obtain a free copy of this report, visit www.lakehomes.com/info/lake-real-estate-market-reports.