Q3 Lakefront Real Estate Report – Finger Lakes Premier Properties Blog

Finger Lakes Premier Properties is the region’s lakefront specialists for sales across the region. Our team of highly knowledgeable, experienced, and successful Buyer and Seller Specialists provide a complimentary analysis of lakefront market trends each quarter.

The real estate market continues to be strong in the Finger Lakes Region. Lakes such as Cayuga and Seneca, where homes are selling faster and at a higher average price.

Here at Finger Lakes Premier Properties we have seen an increase in quick sales this year. For example, two listings on the west side of Seneca Lake, Anthony Beach Road and Arrowhead Beach Road, sold in less than 2 weeks. The reason? It is because the number of homes available on these lakes is down, while the interest is up. While Keuka Lake has had very little change over the last year, it remains to be a strong seller’s market, especially in the price range between $300,000 and $600,000. We have also had homes on both East and West Lake Roads sell in under the 2 weeks.

Canandaigua Lake remains steady year-over-year, maintaining its position as one of the highest priced lakes to purchase a new home. Whereas Honeoye and Conesus Lakes, even though they are located right next to Canandaigua Lake, offer buyers the best pricing with average sale prices between $230,000 and $275,000. These Lakes offer first time lake buyers and those looking for a bargain, great buying opportunities.

Overall, each of the lakes have their own character and offer buyers different specifities, which makes using a lakefront specialist even more vital for your purchase. Interest rates will not stay this low forever! Take advantage of the unique buying opportunities and low interest rates and find the right lakefront home for your family.

Check out our latest real estate blog post: Buying and Selling in the Finger Lakes this Fall, for real estate tips from our team of lakefront experts.

For more information about buying and selling lakefront property in the Finger Lakes, contact our Real Estate team today by calling (888) 465-5175.