Tag: Homes for Sale

Lakefront Real Estate Report: Q3 Highlights

How did the lakefront real estate market perform in the third quarter of 2019? Our team of highly knowledgeable lakefront sales specialists have compiled a complimentary analysis of market trends for the Finger Lakes to explain.

Lakefront Real Estate Report for Q3 2019
Analysis of lakefront homes sold on 7 of the Finger Lakes in Q3 2019.
Statistics aggregated from MLS.
  • Average days on market continue to drop on all lakes as the region transitions into a strong buyers market.
  • Lakefront inventory is still low, leading to a decrease in homes sold and total sales volume overall.
  • Low interest rates are feeding more buyers into the lakefront market.
  • Interest in short-term renting and investment homes is fueling demand for lakefront property.

What Our Agents See in the Lakefront Market

“We’ve seen an increase in out-of-state clients looking for lakefront homes in the area, many from PA. This is a great time of year to buy, especially for investors. Close on your home by 2020 and make updates to see a higher ROI in time to open your calendar for peak season.”

Dave Lucchesi, Buyer Specialist

“It’s a good time to list because of the number of buyers in the lakefront market. With interest rates continuing to drop, more buyers are comfortable with investing in a second or third home, staying in the market longer.”

Cynthia Emerling, Director of Listing Services

Top Performing Lakefront Markets

Canandaigua Lake

Total sales volume on Canandaigua Lake jumped almost 50% year over year. Lakefront property is in demand, with average sale price up 11% and homes spending an average of 10 days less on market. Our agents note that appropriately priced Canandaigua Lake homes have moved quickly this quarter.

Seneca Lake

We continue to see opportunity in the Seneca Lakefront market! With a near 50% increase in total sales volume, led by the FLPP team, and consistent growth in the number of homes for sale and average sales price, the largest Finger Lake shows no signs of slowing down going into Q4.

Download your copy of the full Q3 Lakefront Real Estate Report here.

Lakefront Real Estate Report – Q3 2019Download
See our current lakefront listings and sales activity >

For more information about buying or selling lakefront property in the Finger Lakes, call our real estate team today! 833-915-1259

Watch the Virtual Tour of a Keuka Lake Listing

Follow Zak as he navigates the virtual tour of our Keuka Lake listing on West Lake Road. This beautiful 5 bedroom, 3.5 bathroom, 2,600 square foot home sits on a highly coveted section of Keuka Lake. The first thing you’ll notice stepping in is the custom wood flooring throughout with natural light and lake views pouring through the open layouts. The newly remodeled lower level provides a blank canvas for your new home. Turn this space into an additional bedroom, office or game room to fit your needs. Step outside and enjoy the multiple decks that provide ample space for outdoor entertaining with picturesque views of Keuka Lake Bluff. Want to take full advantage of the lake lifestyle? This home is in the perfect location to explore Keuka lakeside dining by taking a quick boat ride to nearby restaurants such as the Switzerland Inn.

This home is also in our rental program and comes with an established rental history, ideal for anyone looking for an investment home in the Finger Lakes.

For more information about this listing, click here.

To contact our sales team to schedule a personal viewing today by calling 888-599-4810 or email them at sales@FLPPlake.com.