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Lake Park NC Real Estate Market Report--April-June 2011

Lake Park NC Real Estate Market Report—April-June 2011

Lake Park NC is a small town planned around a number of parks and lakes with a small town center as its hub. Lake Park was designed to accommodate homeowners of all life stages from singles to young families to seniors. A variety of housing types was built in Lake Park to accommodate these lifestyles.

The number of single family homes sold in Lake Park during the second quarter of 2011 jumped 275% over the first quarter. Median home prices, however, dropped 6.7% during the same period. Days on market remained nearly the same. Only one townhome sold during the second quarter.

What do the second quarter 2011 numbers mean for Lake Park NC buyers and sellers?

  • Sellers in Lake Park are finding a softening of home prices in 2011.
  • Buyers for properties in Lake Park can find bargain prices compared with previous years.

Single Family Homes

Lake Park Single Family HomesYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$175,000$172,000$165,692$144,750$135,000
Number of Homes Sold452324415
Median Days on Market37601435350

Source: Carolina Multiple Listing Service

Townhomes

Lake Park Townhomes and CondosYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$141,500$133,450$117,000$114,600$85,000
Number of Homes Sold13101221
Median Days on Market5211818453611

Source: Carolina Multiple Listing Service

Copyright 2011. Carol Fox. Allen Tate Realtors. *Lake Park NC Real Estate Market Report—April-June 2011*

Posted: Saturday, July 16, 2011 5:13 PM by Carol Fox

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