Walloon Market Update
Posted by Walter J. Kidd on
Walloon 2024 YTD Market Update
As 2024 comes to a close, Walloon Lake’s real estate market has once again proven its strength, with tight inventory and continued appreciation in property values.
Here's an overview of this year:
- High-End Activity: Three notable sales at $9.25M, $5.95M, and $4.7M highlighted the remarkable strength at the top of the market. I had the privilege of representing all three properties and two of the buyers.
- Rising Price Per Square Foot: Of the seven waterfront homes sold this year, five exceeded $1,000 per square foot, compared to just two in 2023—a clear indicator of Walloon's growing value.
- Entry-Level and Mid-Tier Trends: The entry-level market ($1.5M–$2M) remains quiet, with limited inventory…
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