There have been 101 waterfront homes sold at Cedar Creek Lake between January 1st and April 30th of this year. That’s an increase of 23% over any of the past 7 years – the best of which was 2013 with 82 sales during the first 4 months.

(See chart below)

This maintained increase in Waterfront Home Sales volume for 2016 may be driven by the lower average waterfront home sales price of just over $302,000 – down approximately $12,500 from 2015’s average of just over $314,500 – however the average waterfront home sales price is not an indicator that waterfront home prices have dropped but rather that 71% of waterfront home buyers are buying their lake homes at sales prices below $300,000.

See chart below)

What’s ahead for the Cedar Creek Lake real estate market in 2016? The increased sales volume of lower priced waterfront homes during January through April may continue to reduce the number of lower priced waterfront homes available to the point that prospective Buyers will need to move up in price to find their lake home; It may also encourage more prospective Sellers of waterfront homes priced below $300,000 to enter the market. Either way, it’s great time to purchase a Cedar Creek Lake home!