Lake Sara News
As of November, 2008
This is an update on real estate activities and other issues that affect real estate at Lake Sara .
In 2008, there have been 10 sales. They range in price from $125,000 to $917,000. There are generally, 20-25 sales per year. Although the number of sales are down about 50%, prices were up this year as demand remains strong. There are currently 19 properties for sale ranging in price from $219,000 to $1.1 Million. There continues to be several tear-downs and new construction.
Prices continue to be predicated by the following, in order:
- Water depth and view
- Type and amenities of boathouse and waters edge
- Location on the lake
- House and amenities
The Lake is beautiful now. The water is calm and reflects the changing colors of the trees. Many days it is like a mirror. Although winter is close and does not seem like it would be a good time to be at the lake...it is perhaps the most beautiful season. The leaves fall and the views improve. The wildlife is very active and visible. And with a light snow...the lake is picturesque. Believe it or not, unless the lake is frozen (generally not more than 2-3 weeks if at all) there are boats and fishermen out all year.
Fall and winter is a good time to view and buy property at the lake, although, the inventory is usually a little less. The views are better and you can see what is around the area you are considering. Also, the lake almost always goes down in the winter by about 2-3 ft, or so. That is a good time to check out the water depth at a prospective property. Generally, if it has good water depth in the fall/winter, it will always have good water depth.
Although Effingham City limits only encompass about 13,000 residents...the area retail sales indicate a much larger population. The interstate highways have over 8 million vehicles per year passing through Effingham. And the Lake Sara area population is not included in the Effingham census. Effingham continues to grow every year and serves as a major center for the South Central Illinois Area.
Please call me when you are ready to shop for...and buy your lake home. I live on the lake and will be glad to take you out for a tour by boat. That is the best way to shop for lake property.