Sunday, July 22, 2007

Market Report - Finger Lakes Water Front Property

For a 2008 market report, go to http://rochrealestate.blogspot.com/2008/01/state-of-finger-lakes.html .

According to today's Democrat and Chronicle, the demand for waterfront property is bigger than ever and prices on the Finger Lakes are going up. (See article http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20070722/NEWS01/707220326/1002/NEWS ) I was on a couple of the Finger Lakes yesterday, and there seemed to be more 'for sale' signs than ever. So I dabbled in the MLS for a while this morning, and here is what I found:




Keuka Lake: Just three years ago, if something popped on the market, there was a mad dash to be the first to show it. Otherwise, it might be sold. Today, there are 66 properties on the market, with prices that range from $137,900 (actually not lake front - 3 feet of lake access and the private remarks note: Path to lake is a joyous adventure, good shoes and agility required!) to $1,650,000. To peak at current property on the market, go to : Customer Full Report




Canandaigua Lake: Here is where the D&C article was right on. They reported this was the most expensive waterfront property in the area. Current listings range from $182,500 (again, not true lake front) to a whopping $3,500,000 asking price that earns you the right to pay $41,000 per year in property taxes. There are currently 37 properties for sale on Canandaigua with and average asking price of $721,029. But are they selling? A quick check of the MLS shows 9 pending on Canandaigua Lake, with an average asking price of $511,000. To see current listings, check here: Customer Full Report


Conesus and Honeoye are much smaller lakes and much smaller price tags. Conesus currently has 27 properties that can be viewed here: Customer Full Report and Honeoye has only 6. They are provided here: Customer Full Report.



For more specific information about any of the properties or Finger Lakes real estate, don't hesitate to give me a call at 585-756-7457 or e-mail me at MShelsby@rochester.rr.com ,


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