Hi my name is Scott Pope, your Laketown
Wharf condo guide. Here to let you know that
this past month we've had a 30% increase in
listings. We're up to 66 listings currently.
What's the story behind 66 listings and only
six sales at Laketown Wharf? First the inventory
has went from low to high and prices went
from high to higher as shown on the screen.
Now with rising interest rates and the
volatile stock market, there aren't enough
buyers to sustain the price levels that
we've seen in Laketown Wharf this year.
They are now reverting back to the price
levels they were in the spring of this year.
Mind you those were good prices but they aren't
going to keep going up five, six, seven percent
every month. Competition among similar condos
is fierce right now. So either your condo must
stand out with amazing features or stand out
by competitive pricing. For the most part right
now - price sales. Hey! We need a favor from you.
If you would please subscribe to our channel and
like this video we'd appreciate it. We currently
have seven pending sales at Laketown Wharf.
Five of those are scheduled to close in September.
If they do and if we have any additional to close
in September, that will keep pace with what we've
been doing since May of this year. There were
six sales at Laketown Wharf in July. Three one
bedroom lake views ranging from $294 to $320,000
and three two bedroom Gulf views ranging from $469
to $475 thousand. One last thing before we go.
I just want to let you know on Thursday
Nautical Properties has a big announcement.
We have a third member joining our team! So stay
tuned to see who that person is. See you then!