Cedar Creek Lake’s water level is up, so the waterfront real estate market must be up, too. Right? Wrong! Residential waterfront sales for the 1st Quarter of 2015 at Cedar Creek Lake are actually down. The number of waterfront residences sold from January through March is down about 20% from both the 4th Quarter of 2014 as well as the same time period last year. The Average Sales Price is down a little less than 5% at $236,686 (1Q2015) as compared to $248,469 for the 4th Quarter last year, however the real indicator to look at is 2014’s annual Average Sales Price of $272,296. It indicates that sales prices, so far this year, are a little more than 13% lower which, of course, is to be expected. With the early rains this year putting Cedar Creek Lake at ‘full pool’ level, waterfront property owners who haven’t seen water under their docks for the past year or two and who want to sell are rushing to put their places on the market. And, even those waterfront owners who have had water under the boathouses and who want to sell are ready to make a deal. Those, two groups of sellers added to the normal Spring crop of new listings means that Cedar Creek Lake is a Buyer’s Market. So, if you’re in the market for a waterfront residence at Cedar Creek Lake, now is a great time to buy.

Showings of Cedar Creek Lake properties for sale are up 24% for the 1st Quarter of this year as compared to the same time period in 2014*. During the 1st Quarter of last year, there were 585 showing appointments made. This year there were 772 showing appointments made from January 1st through March 31st. And, when compared to the 4th Quarter of last year, showings are up almost 60%! That’s great news for Sellers who had their Cedar Creek Lake waterfront residences on the market during that time.

*Data is extrapolated from showing appointments for approximately 20% of the HCBR MLS Active Listings for the time periods.