LAKE COUNTY, Calif. – Lake County’s real estate market is showing strong prices with houses selling quickly and close to the asking price.
Across Lake County for the month of February, inventory was at record lows and prices were up.
This results in lower days on the market and sales prices being closer to the list price.
The active listings throughout the county for the month of February totaled 120, which is down 57.6 percent from last year.
Active listings totaled 18 in Lakeport, which is down 40 percent from last year; Kelseyville, 21, down 67.7 percent; Clearlake, 20, down 63.6 percent; and Hidden Valley Lake at low of nine listings, which is down 79.5 percent in a year-over comparison.
Prices up over last year
The median price for single family dwellings for the county is $327,000, which is up 38.9 percent from last year.
Median prices around the lake are as follows:
– Lakeport: $375,000, up 49.1 percent from last year;
– Kelseyville: $320,000, up 8.5 percent;
– Clearlake: $212,000, up 3.2 percent; and
– Hidden Valley Lake: $352,000, up 18.4 percent.
The median days on market for the county is 36 days.
In Lakeport, homes are staying on the market for a median 31 days; Kelseyville, 55; Clearlake, 14; and Hidden Valley Lake, 25.
Throughout the county the sales to list price was 99 percent. This means homes are selling very close to list price.
Lakeport homes are selling on average for 98.4 percent of list price; Kelseyville, 98.6 percent; Clearlake, 100 percent; and Hidden Valley Lake at 99.5 percent.
The bottom line is, if you are thinking of selling based on these stats, it couldn’t be a better time.
Tama Prokopowich of Century 21 North Bay Alliance is president-elect of the Lake County Association of Realtors.