Laketown Wharf Resort | Condo Prices 8/2022 Market Report
By Scott Pope, You Can't Live Without Water™
Hi my name is Scott Pope, your Laketown Wharf condo guide. Here to let you know that this past month we've had a 30% increase in listings. We're up to 66 listings currently. What's the story behind 66 listings and only six sales at Laketown Wharf? First the inventory has went from low to high and prices went from high to higher as shown on the screen. Now with rising interest rates and the volatile stock market, there aren't enough buyers to sustain the price levels that we've seen in Laketown Wharf this year. They are now reverting back to the price levels they were in the spring of this year. Mind you those were good prices but they aren't going to keep going up five, six, seven percent every month. Competition among similar condos is fierce right now. So either your condo must stand ...