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| Name: |
roswellric
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| Subject: |
For you statisticians ......
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Date:
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4/29/2007 2:57:33 PM
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I wonder what the total # of houses is on all the waterfront lake properties. Then compare it to the total # of houses in the US .
Then how many baby boomers are going to be added to the 50+ population in say 10 years.
Just how excrutiating is the demand for lakefront going to be?
Realtors does the NAR know?
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| Name: |
LifeTime Laker
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| Subject: |
According to todays paper
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Date:
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4/29/2007 5:01:54 PM
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There are about 5000 total units on the lake at present with 300 valued at over 1m.
Entire article linked below
URL: Alex City not dead......
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| Name: |
roswellric
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| Subject: |
No- No
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Date:
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4/29/2007 8:53:02 PM
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I'm talking about macro stuff. how many lake lots in all the available lakefront lots ins the US... except in Minnisota and other foreign countries.
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RR - Ever been to Minnesota?
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| Name: |
John C
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| Subject: |
I've seen a lot of such
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Date:
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4/29/2007 10:46:43 PM
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reports, I will have to grab them next time I see them. I don't remember any one report quoting the # of waterfront props in the US but I have seen tons on the baby boomer effect. I will try and collect them all at once and do a post. Incidentally - do you know what US city will generate the most millionaires in the next 10 years - you guessed it - big ATL.
URL: Lake Martin Voice
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| Name: |
roswellric
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| Subject: |
No
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Date:
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4/30/2007 8:42:01 AM
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But I have a old buddy of mine that has lived in St Paul by choice for years. He grew up in Atlanta. He loves the fact that he doesn't have to put up with the heat & humidity but on the other had he doesn't like the winters. He calls it iceboxland. He says it's really nice during the 2 weeks of summer :-)
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| Name: |
roswellric
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| Subject: |
Out of curiosity...
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Date:
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4/30/2007 9:24:55 AM
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How do LM sales for the first 4 months this year stack up to last years?
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| Name: |
John C
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| Subject: |
Out of curiosity...
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Date:
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4/30/2007 3:11:29 PM
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these figures are for the entire mls, water AND non-waterfront (I don't know how to seperate without going to a lot of trouble), not counting April 07, since it's not over and perhaps agents have not entered in data, looking at Jan - Mar 06 vs Jan - Mar 07, this year has 32 fewer properties sold (181 vs 149) for a 18% drop in things sold. But, $ volume of sales is up 7%, $38.2 million in 2006 vs $40.7 million in 1q07. I interepret that to mean that more waterfront properties make up the 2007 solds than those in 2006.
For people reading this, wondering how this affects his/her own property, I would say about as much as the DJIA's movement affects the price of IBM stock - a little but not much. I caution the application of market wide data to individual properties. It is much better to take them on a case by case basis and compare them to similar properties sold. For further caution on reading too much into market statistics, see my below link.
URL: Lake Martin Home Prices Not Affected By Sales Drop?
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| Name: |
roswellric
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| Subject: |
Good caveat..
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Date:
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4/30/2007 9:35:06 PM
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But great information. Thanks! I guess we don't have a "gulf coast" market :-)
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| Name: |
John C
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| Subject: |
I agree, no coastal
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Date:
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4/30/2007 11:43:25 PM
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situation here. It is a buyer's market in condos but a seller's in almost everything else, if appropriately priced. There are some SFHs that are sitting a long time, but that's due more to overpricing than a buyer's market. I think the reason our market is different than the beach is RL and AL Power eek out supply so slowly (relatively) that historically we have avoided the boom and bust cycles that other vacation markets have. With the exception of a couple of recessions here and there, our market has been pretty much goldilocks for 50 years.
URL: Lake Martin Voice
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