LAKE WYLIE WATERFRONT LOT REPORT “IT’S A BUYERS MARKET” 9/15/13

Waterfront Properties for sale have increased to 146 listings as of 9/15/13 further increasing supply of vacant undeveloped waterfront  lots. Demand for Waterfront Lots has decreased since the Great Recession started, primarily because of the lack Financing available.

Only 29 lots have sold on the Lake this year in Gaston, Mecklenburg and York Counties. The average sales price was $215,000, and days on the market were over 227.

Realistically the glory days in lots sales are over for now and the near future because of the lack of financing. Prices are declining back to the late 1990’s to early 2000 levels. Its a great Buyers Market for Waterfront Properties on the Lake.

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