Great Ranch Home on a beautiful landscaped level acre in Kelseyville! This is an above average sized house in a great neighborhood that is not too far from downtown Kelseyville and is in an easy commute location. There is lots of space inside and out with a large family room, living room and dining room. The kitchen is all electric with pavers tile floors, refrigerator, microwave and beautiful granite counters. Includes a large breakfast counter which connects kitchen to a nice sized dining room. There is a large deck in back that connect to the living-room and then opens up to the massive backyard which provides you with endless possibilities on how to further develop. Spa in back is included. Plastic Shed in back not included. This property includes two assessor parcel numbers: 017-011-04 and 017-011-05. Price Reduced to $349,000 MLS# LC16757893 Call Rick White, 707-536-7858
Lakefront Market Statistics for Clear Lake
If you’re interested in looking at the sales performance for stick-built Lakefront properties on Clear Lake in Lake County California then take a look at the data comparison that I have prepared for 2015 and 2016 sold lakefront residential property. I removed listings that were improperly listed as lakefront and here is what I found between the past two years. Fewer lakefront homes sold in 2016 than in 2015 but the average price went up slightly. Some areas did better than others. Overall the highest lakefront sales came out of the Buckingham Park Community while the lowest priced Lakefront sales which were mostly small cabins came from Jago Bay and the Eastlake areas. The higher priced luxury homes that had boat-lifts where from Buckingham Park and Paradise Cove areas.
As of January 13th 2017 there are 24 active lakefront homes on the market ranging in price from $185K to $950K. If you’re happy with a mobile or manufactured home on the lake there are a few of them ranging in price from $155K to $354K.
I have a couple simple search tabs already set up for you to find lakefront property under and over $300,000 on my search page. Look along the right hand side of that page to find the links. Here is a link to jump to the search page http://bit.ly/2jkYE4r
Year LF Homes Sold Avg Price Highest Price Lowest Price
2015 50 $437,418 $995,000 $87,000
2016 22 $453,386 $1,125000 $175,000
Buckingham Park Avg Price Highest Price Lowest Price
2015 6 $816,083 $995,000 $525,000
2016 7 $698,571 $1,125,000 $345,000
East Lake, ( Clearlake, Clearlake Park & Windflower Point )
2015 15 $380,945 $699,000 $125,000
2016 13 $340,260 $550,000 $175,000
Paradise Cove Avg Price Highest Price Lowest Price
2015 2 $607,500 $790,000 $425,000
2016 1 $900,000 $900,000 $900,000
Lakeport Avg Price Highest Price Lowest Price
2015 4 $474,250 $625,000 $357,000
2016 2 $451,500 $470,000 $433,000
North Shore (Nice, Lucerne, Upper Lake)
2015 7 $382,133 $405,000 $140,000
2016 2 $522,000 $599,000 $445,000
The data provided herein is based on information from the California Regional MLS as of Jan. 1, 2015. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. To get comparative market information about your home or neighborhood contact me at 707-536-7858.
Homes take a 25% Jump in median price for Lake County for March 2015.
The Lake County Association of Realtors just posted the statistics for March 2015. Prices rose by 25%
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Home Sale Prices Increase by Twenty Five Percent
LAKEPORT (April 17) – The Lake County Association of Realtors® (LCAOR) reported that the median sales price of single family residences for Lake County rose from $180,000 in February 2015 to $224,000 in March, a 24.44% increase. Like sales in March 2014 had a median sales price of $155,000 showing a 44.5% increase when comparing year to year sales. Fluctuations in median pricing on a month to month basis can vary widely because of the limited number of sales however the trend has been on the upswing since December of 2014. The median sales price for all of 2014 was $169,000 compared to $175,000 for the first three months of 2015.
Fifty two (52) units sold in March compared to 43 in February for a 20.9% increase. In March 2014 the number of units selling was 51. Inventory levels remained relatively the same at 7.1 months of inventory in March and 7.4 months of inventory in February. The months of inventory in March 2014 was 5.6 indicating that there are more homes available this year than last year.
“Realtors are reporting that the activity and interest in buying a home has picked up,” stated LCAOR President Yvette Sloan. “Interest rates are still attractive and the ability to get a loan has improved.”
Mortgage rates moved upward in March, with the 30-year, fixed mortgage interest rate averaging 3.77 percent, up from 3.71 percent in February but down from 4.34 percent in March 2014, according to Freddie Mac. Adjustable-mortgage interest rates also rose in March, averaging 2.46 percent, up from 2.43 percent in February but down from 2.48 percent in March 2014.
Distressed sales, homes sold after foreclosure or for less than what was owed, continued to decline falling from 18.6% of the sales in February to 11.5% in March. The decline was more significant, 11.5% from 27.5%, when compared to March 2014.
Cash only purchases accounted for 25% of the sales with 42.3% of the sales being financed through conventional loans. These percentages are similar to both February 2015 and March 2014. The median days to sell a home was 116. For all of 2014 the median days to sell was 76. The median days to sell is the number of days from the time the property was listed until it went into escrow.
NUMBERS AT A GLANCE
Lake County – March 2015
Lake County – February 2015
Lake County – March 2014
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Lake County Market Update – Inventory and Average Sales Price 2009 – 2013
Is residential home inventory decreasing in Lake County California? You better believe it. From the looks of it, like so many other areas in California, the residential home inventory is going down and prices are going up. It’s a nice trend for those waiting to sell. If your a developer, based on this trend, now is the time to secure land if you’re planning to develop or build spec homes. If your wanting to purchase a primary residence or vacation home in Lake County stop waiting! Now is the time get off the fence and take action while interest rates are low and prices are still comparatively low. Here are a couple charts to show what is going on with residential homes in Lake County.
