A year that may best be described as chaotic, difficult, and downright obnoxious for many, has proven to be a huge year for lake real estate. Not just here on Tims Ford Lake, but seemingly nationwide as many people have been seeking to find a place to escape it all.
So let’s get down to the numbers for 2020 to give you an idea of the market conditions. These numbers are year to date as of this writing in mid December.
- A total of 104 lakefront properties have sold, with an average price of $685,862.00.
- 14 lakefront lots have sold, at an average price of $92,204.
- The average days on market for listings has been 68.
- The number of lakefront homes that are currently for sale is 13.
- The number of lots available is 21.
- The average list price for homes currently on the market is $765,000.
Available inventory remains the biggest obstacle for those looking to find a home on the lake. Historically low interest rates combined with quarantines due to the pandemic have resulted in more people than ever looking for property on Tims Ford. Our best advice if you are looking to buy is be patient and prepared to move quickly when the right home for you hits the market. If you are selling, odds are if you price it correctly, it will move fast, so be ready to move!
So, where will 2021 lead us?
Honestly, if 2020 has taught us anything, it is that you never know what will happen. The national experts predict that real estate will continue to perform well, and many expect that the housing market will lead us out of recession. My gut feeling is they are right. As for the Tims Ford Lake area, well, the secret is out, and I suspect this market will be hot for years to come. And why not? The beauty here is amazing. The people are wonderful. The location is perfect. Despite all the madness of 2020, lake life at Tims Ford is still the place to be!
Thinking about moving to Tims Ford Lake?
We would love to help! We live and work on Tims Ford Lake – its our place and we would love to help you make it yours! Use the searches below to start your home search or contact us directly for a personal tour of the lake (on our boat!) or just to chat about your home buying needs.
Below are trending searches for real estate on Tims Ford Lake. Click the links to see available active listings.