So with 2014 behind us, we have an opportunity to review the local real estate market. This report will include data from the Western Kentucky Regional MLS for sales from 2010 through 2014. We will be looking only at waterfront homes along the shores of Lake Barkley in Kentucky counties of Trigg, Lyon and Livingston. Lets begin with trying to get some perspective on numbers of waterfront homes sold in the past. In 2010 there was a total of 27 waterfront homes sold along the lake, 2011 produced 27 sales, 2012 had 30 sales and 2013 showed 34 waterfront homes closed. 2014 was the real indicator of recovering market. In 2014 there were 47 waterfront homes sold along Lake Barkley's shores. As you can see a marked increase in the number of sales and more importantly the number of ready, willing and able Buyers looking for waterfront Homes.
Lets look at average prices. (It is important to remember that we are dealing with a statistically small number of sales - below 50 - and small changes can show up as large figures when dealing with averages.)
2014 Average Waterfront Sale Price was $338,953 Median Sale Price was $323,000.
2013 Average Waterfront Sale Price was $339,420 Median Sale Price was $341.250.
2012 Average Waterfront Sale Price was $317,883 Median Sale Price was $318,500.
That concludes this report. Take away included increased number of sales and consistant market value.