In 2015 lake lots have been a more frequent topic in my discussions with people considering lakefront real estate. A number of them decided to proceed in purchasing lake lots as have others that were working with other Realtors in Alexandria. In total, 45 lake lots have sold (closed or pending sales) this year in Douglas County. Lake lot sales are significant in that they usually pick up when demand and prices for lake homes are rising. During the financial crisis, lake lots were weak as demand for lake homes was down and most people wishing to sell a lake home had to be competitive in their pricing. It didn’t make sense for most people to buy a lot and build when there were lake homes for sale at prices that made the decision not to build an easy one.
The top 5 sales have been at Lake Carlos ($355,000 and $350,000), Maple Lake ($315,000), Lake Le Homme Dieu ($248,000) and Lake Stony ($230,000). In the entire year of 2014, 29 lake lots sold. The top 5 sales were at Maple Lake ($200,000, $200,000 and $195,000), Lake Carlos ($185,000) and Lake Miltona ($152,000).