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 Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $175,000 | $172,000 | $165,692 | $144,750 | $135,000 |
| Number of Homes Sold | 45 | 23 | 24 | 4 | 15 |
| Median Days on Market | 37 | 60 | 143 | 53 | 50 |
Source: Carolina Multiple Listing Service
Townhomes
| Lake Park Townhomes and Condos | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $141,500 | $133,450 | $117,000 | $114,600 | $85,000 |
| Number of Homes Sold | 13 | 10 | 12 | 2 | 1 |
| Median Days on Market | 52 | 118 | 184 | 53 | 611 |
Source: Carolina Multiple Listing Service
Copyright 2011. Carol Fox. Allen Tate Realtors. *Lake Park NC Real Estate Market Report—April-June 2011*