There are some lakefront homes, but most are not. All have lake access, however. The community has resident-only waterfront parks, picnic areas, walking trails and two marinas on all sport Thompson Lake. There is no through traffic and the occasional speed bump on the private roads keeps things quiet.
The Homeowner's Association (HOA) does have architectural/aesthetic, vehicle storage,and landscaping guidelines and is professionally managed by a local property management company.
As of this post, there are five active listings, five pending listings and in the last 12 months there have been twelve recorded sales. Only one sale was a distressed (bank-owned) property and because distressed homes are usually sold at a wide discount, it is removed from the stats below.
Two of the five active listings are larger lakefront homes. They average out to a list price of $166/square foot while the three smaller, non-lakefront homes are at $126/square foot in price.
The 11 non-distressed sold properties were an average of 1807 sq ft (finished basement space excluded) and sold for 97% of the original list price and 99% of the last list price, at $129/square foot. On average, they took 83 days to sell.
| Original List Price | $240,627 |
| Last List Price | $236,618 |
| Sales Price | $234,258 |
Generally, overpricing makes your competition look better and takes longer to sell your own home. You must always take updates into account when determining your listing price.
If you're thinking about selling in Lakeshore Pointe, or in the larger Howell area, call me for a detailed analysis of your neighborhood's prices and marketability.
Photo credit: Robert Smith, copyright 2015
No comments:
Post a Comment