It has been a busy year in Alexandria’s real estate market. Not crazy busy but similar to 2015. Quietly strong.
This morning I was scrolling through my memory and recalling sales of homes, cabins and cottages at The Chain. In September, my age hit 48 and my memory took another hit. Continually, I am saved by Google or one of my favorite apps, Evernote. When it comes to real estate in Alexandria, there is no equal tool to the data each member of the Greater Alexandria Area Association of REALTORS has at their fingertips when they are logged into Flexmls. A laptop is in front of me and I am logged in so let’s take a look at the high and low sales at a number of lakes in Alexandria’s Chain of Lakes thus far in 2016. Note that if you click to see one of the closed sales that the price you will see is the list price at the time of the acceptance of the Purchase Agreement.
I will start with at the beginning of The Chain at the Alexandria lake where my love of lake life bagan, Lake Brophy. The high sale was for $340,000 at 1286 East Lake Brophy Road NW and the low sale was at 1444 Brophy Park Rd NW for $247,400.
It is unusual to see sales at the lake that connects to Brophy, North Union, as it is about as undeveloped as you can get in the area. But, one sale closed in 2016. 2500 County Road 22 NW sold for $520,000.
Next in line at the Chain is Lake Stony and then Taylor. Like North Union, there are few homes. But, Stony did have a closed sale in 2016. 1456 Carlson Beach Road NW sold for $185,000.
Moving from Taylor to Cowdry, we start hitting the heavily developed lakes. Cowdry’s high sale was $590,00 at 520 East Lake Cowdry Road NW and the low sale was $157,948 at 1026 West Lake Cowdry Road NW.
Sale prices at Lake Darling were more muted than in a typical year. The high sale was $357,500 at 3807 Casa Marina Road NW and the low sale price was $283,000 at 404 Carlos Darling Drive NW (by the Carlos Darling Channel).
The largest lake in The Chain, Lake Carlos, had a high sale of $625,000 (7001 County Road 11 NE) and a low sale price of $144,000 at 2888 County Road 38 NE.
Le Homme Dieu had a high sale of $585,000 at 2712 Le Homme Dieu Heights NE and a low sale price of $230,000 also at Le Homme Dieu Heights NE (2512).
Lake Geneva has been pretty busy so far this year with a lot of activity at East Lake Geneva Road. The high sale was $725,000 at 686 East Lake Geneva Road and the low sale was $250,000 at 1003 Glacier Avenue.
The high sale at the next lake in The Chain, Victoria, was $495,750 (3971 Queens Road SE) and the lowest sale price was $193,900 at 1110 Diamond Road SE.
The Chain ends at Lake Jessie. Each year there aren’t many sales as it is fairly undeveloped. There was a sale at 2405 West Lake Jessie Drive SE so it receives the title for high and low sale at $275,000.
The takeaway is that if you are patient, there is a good chance you will find a lake property that fits your budget and your needs. Likely not all your wants but most of your needs. Just always keep in mind the importance of the features of the lake lot and the location. And, keep the market trends in mind. If you like hearing of sales you can sign up for my weekly newsletter that I send out to subscribers each Saturday morning. It is more concise than this blog post as I simply list by bullet the new lake home listings, the lake homes under contract and the closed (sold) lake homes. Sign up at the bottom of any page of my site.
On a final note. By focusing on Alexandria’s Chain of Lakes I am skipping many great lakes such as Ida, Maple and Miltona to name three. If you are interested in learning of the high and low sales at any lake, leave a comment and I will reply with the information.
