Despite winter lasting longer than usual Wayne William Heine at Edmonton Lake Property reports high-end activity has been brisk the last few months. Even though lake season doesn’t really begin until May, already 5 sales over $680, 000 dollars has happened with two being over a million dollars which has already matched all of 2017.
Wayne says the known buyers looking for high-end homes is unmatched. In the last 7yrs, he has sold lake property in which Wayne has personally been involved in all MLS sales over $800,000 in those years at Lake Wabamun. He says the known list of buyers actively looking for lake-front includes surgeons, ceos and even a few NHL hockey players. This demand is high despite inventory going into May is almost non-existent.
This secret is out of the bag, lake country that gives you a wonderful year-round recreational experience is less than 40 minutes from Edmonton. It is taking off for many reasons including the fact that all new lakefront in Alberta has to be 150 feet from the lake making established subdivisions offering the only true Lakefront available. In 2012 there were 2 sales over $500,000, the most expensive being $525,000. This year we have 5 sales over $680,000.
This creates a wonderful opportunity for our off lake buyers as well as other lakes. Wayne says we’ve already had a sale at Isle lake for $495,000 this year, more expensive than any sale in 2017 on the lake.
Lake communities around the lakes are turning into investment opportunities with the price differences with lakefront being so wide. Wayne states that all lake community owners have wonderful access to the lake as far as boating and beach privileges that are not offered to the general public. Yes, Wayne says membership has its privileges.
I guess while out enjoying lake country in 2018, take a minute to look over our wonderful investment opportunities. You could be adding a whole lot of summer fun to your life and securing your future at the same time.