Happy New Year!
Before making a prediction for 2012 let’s review what happened in 2011.
National Geographic has called Gull Lake one of the 10 best inland lakes of it’s size in the world! That’s one reason Gull Lake real estate survived the massive declines other areas experienced. 2011 saw 24 homes sold on the lake with a combined dollar value of over $15 million dollars. That’s not bad but the best part is: the average sale price to list price was 81%. That means the average Gull Lake home sold for just 19% less than list price. Compare that to other areas with over a 35% sale price to list price ratio and now you see how well our market really did!
I would like to take this moment to thank all the wonderful people who contributed to our success for 2011. The Greater Kalamazoo Association of Realtors ranked Boris Realtors #1 in Gull Lake sales for 2011. Dick Boris was ranked by GKAR as the #1 Realtor in Gull Lake sales in 2011.
Now for the 2012 prediction –
An election year is always a difficult time for business predictions but here goes. Gull Lake real estate has hit it’s bottom. Seller’s, Look for better price stability for your lake home. Interest rates will remain low. Rates are currently at 4% or less. Do you have any idea how inexpensive that is??? WOW! Buying a Gull Lake home now could be one of the best decisions you’ll ever make.
Come and join us. You’ll love it here too!
Stay tuned and we’ll see you on the lake.