Being that Mother Nature has been confused this winter I figured those of you that aren’t in the area would be interested to see the status of the ice at the lakes in Alexandria. So with my drone in tow, yesterday, the first day of Spring, I parked at the Lake Geneva Public Access and recorded footage at the north end of Geneva.
When I am working with potential lake home or lake lot buyers that are considering properties with frontage at Lake Geneva or Lake Victoria, the topic of the channels to and from each of these lakes always is a point of discussion because they are longer and narrower channels than the channels between Le Homme Dieu and Carlos and also Carlos and Darling. [Read more…]
Below are the average sale prices of lakefront real estate in the Alexandria Area since the first of the year. Keep in mind that it includes both homes with private lake frontage and homes that are have commonly owned lake frontage. For example, Lake Ida’s average sale price is $245,814 but 5 of the 7 sales have been association properties with a sale price range of $103,000 to $278,000.
- Brophy…no closings
- Darling…no closings
- Le Homme Dieu…$319,380
- Maple…no closings
- Mary…no closings
- Reno…no closings
- Victoria…no closings
A week ago I was on the Central Lakes Trail for a 10 mile bike ride and it was beautiful. In anticipation of more nice weather I decided to order new inline skates. It is cruel that UPS is delivering them today. In a few minutes I am going to shovel the sidewalk leading to my front door. Before I do that and as I watch more snow fall, I am going to provide a quick recap of the active listing status of lake homes (non-association) at some of the most popular lakes in the Alexandria Area.
Real estate sales statistics in 2013 for homes with frontage on Lake Carlos, Lake Darling, Lake Le Homme Dieu, Lake Geneva, Lake Victoria, Lake Latoka, Maple Lake, Lake Ida and Lake Miltona were better than 2012 by any statistical measure.
In 2013 the days on the market decreased by 21%, the number of homes sold increased by 10%, the sales volume increased by 25%, the average sales price increased by 14% and the time on the market decreased by 5%. The sale to list price ratio increased from 94% to 95%. In descending order, here are the sale to list ratios for each lake in 2013: Lake Victoria (98%), Maple Lake (97%), Lake Latoka (96%), Lake Geneva (96%), Lake Ida (95%), Lake Carlos (94%), Lake Darling (93%), Lake Miltona (92%) and Lake Le Homme Dieu (91%).
The lake with the largest increase in average sale price was Lake Carlos (42%) and the 2,598 acre lake also had the most sales (14).