The 2011 Lake Park NC Real Estate Market--Four Facts

The 2011 Lake Park NC Real Estate Market—Four Facts

It's time to look at the real estate market in Lake Park NC and to assess how home buyers and home sellers fared in 2011.

Here are four facts about the Lake Park marketplace in 2011.

• The number of single family homes sold in Lake Park increased by 75% in 2011 over 2009 and 2010 and was nearly the same as 2008 sales.
• The median single family home price continued to drop in 2011, off 14% from 2010.
• Only four townhomes or condos sold in Lake Park in 2011.
• The 2011 median sales price for townhomes dropped to the lowest price in four years.

What do these four facts mean for Lake Park buyers and sellers?

1. Home prices in Lake Park are more affordable than ever for buyers in the community.
2. While there appears to be a good supply of buyers for single family homes, these sellers may have to struggle with the pricing of their homes.
3. The market is very difficult for the sellers of townhomes and condos in Lake Park because of the low number of buyers and the resulting declining prices.

Want to learn more about the real estate market in Lake Park and see all the numbers for each of the past four years? Click on the link below.

Lake Park NC Real Estate Market Report—Year 2011

Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Lake Park NC Real Estate Market—Four Facts*