How FAST are homes selling on Lake Murray, SC ?

There are two major Real Estate Markets on Lake Murray,  Lexington and Chapin/Irmo.  This is the market activity Year to Date comparing the two markets.  Lake properties are all unique mainly because the price of the lot is dictated by the size, water frontage, and the Lake View.  The lake lot itself maybe valued as much or even more than the actual home.  Lake View is very subjective, people value it differently.  Some buyers like the big open water view of Lake Murray others prefer the quieter waters of a cove.  Here is the sales activity on Lake Murray:

                                    Lexington                           Chapin/Irmo                    

Active Homes                   41                                          61
SOLD YTD                       27                                          41
AVG DOM                        100                                        96
Median DOM                    63                                          64
AVG Sold $                      $ 571,025                               $ 544,223
Median Sold $                  $ 425,000                              $ 505,000

# Million Dollar
Homes Sold                     4                                             4

Most Expensive               $1.4 million                             $1.395 million
                                   131 Yachting Circle                    452 Lake Estate Drive

                           Most Expensive Lexington Home Sold $1.4 million - 151 Yachting Circle            Most Expensive Chapin Home Sold $1.395 million - 452 Lake Estate Drive

Lake Murray Homes for Sale

 

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Lexington SC Real Estate – Nelson Bermas, REALTOR®, F3 Dunphy, GORUCK, Spartan, Workout Nut
Your Specialist in 
Lexington South Carolina for all your Real Estate Needs.  Serving the Lake MurrayLexingtonIrmo, and West Columbia SC real estate area.  Search all MLS Properties in the area or call me direct at (803) 414-5677. EXIT Real Estate Consultants.