By: Barney Watson – Owner / Broker-In-Charge  / REALTOR® - RE/MAX On The Lake

Finally, spring has sprung! No more snowy forecasts. Longer, warmer days are bringing folks outside to enjoy the sunshine, blooming flowers and beautiful Lake Gaston. We've had a significant increase in potential buyers out looking at Lake Gaston properties for sale too.  The improving economy, increasing consumer confidence and low mortgage rates help motivate potential buyers.  There is a lack of inventory, of quality homes priced correctly in certain price ranges, that holds back some buyers.

Last year is in the history books, ending a busy year for the real estate market in the Lake Gaston area. In 2016 we closed 222 waterfront home transactions, average of $405,146 each totaling $89,942,487 or an increase of 10.35% over 2015 sales just in waterfront homes. Offshore homes showed a slight decrease of 1.98% over 2015 with 112 closed, averaging $107,173 each totaling $12,003,367. Waterfront lot sales showed a slight decrease with 42 sold, averaging $140,622 each totaling $5,906,125. Offshore lots sales increased 62.21% from 2015 levels averaging $16,012 each. Total homes and land (lots) all firms all around the lake closed 416 transactions totaling $109,965,968, an increase of 8.91% above the same period in 2015.