The Adirondack and Lake Placid Real Estate Market

It seems like an appropriate time to mention how busy I am. Since the snow that fell today did not accumulate, the reader should assume I am not busy playing outside. No, I am busy keeping up with my real estate work. I have anecdotal data to support the fact that Adirondack real estate is being snapped up, as well as statistical proof. A number of my colleagues; real estate agents who have been doing this longer than I, (notice I didn’t call all of them the “Old-timers”) tell me they see a resurgence in consumer confidence in the real estate market. One lucky agent had six closings in the last two months and has two more scheduled. Certainly, the first-time home buyer tax credit spurred sales at the lower end of the Lake Placid and Adirondack real estate market, but we are now seeing signs of life in the second home, luxury, and commercial markets. One of the true Old-timers told me he thinks people feel safer putting their money into real property, which is causing the turnaround in second home, luxury, and commercial property. Although the Adirondack real estate market did not suffer the downturns so ubiquitous in other parts of the United States, a buyer can still find some value-priced properties. This is mostly a result of high inventory, which doesn’t happen very often in the Adirondacks, and will certainly dry up quickly.

Submit a Comment

Your email address will not be published. Required fields are marked *

Translate »

Pin It on Pinterest