If you are thinking about selling your Geist waterfront home; you might be curious about what the current market is showing.
I’ve compared the last six months of 2011 to the same time period in 2010 (January-June) and found that the exact same number of residential homes have sold that are on Geist Reservoir. There were 12 both years.
The good news is the homes on the water are selling faster; 101 days on the market this year compared with 132 days a year ago. And the price per square foot is also increasing about 15%!
This year, there were 5 homes over $1,000,000 that sold compared with only one last year.
The market is somewhat saturated currently with 49 waterfront homes on the market. The one I would pick if I could…would be Tomas Scheckter’s home. It is absolutely stunning with its Mediterranean influence and natural light. It is 4200 sq ft and an additional 2500 sq ft in the finished basement. It has a pool as well overlooking the Reservoir! All for $748,000.
If you are looking for a waterfront home for sale in Geist, I can set up a search specific to that criteria. I also live in the area and can give you some ideas on resale and popularity of neighborhoods. With this heat wave…what better time than now to do some research on owning your own waterfront home!