Manchester Lakes Market Report for August 2010 | Condo Inventory Increases
Manchester Lakes condo inventory is on the rise. Currently, there are 22 active condos for sale. In the past 30 days, only one condo has gone under contract. With over 20 homes to choose from, one has to wonder how the sought-after buyer made the winning choice.
In the townhome market of Manchester Lakes, four homes are currently available. Evenly distributed with two homes in the $200,000's and two homes in the $300,000.
The spike in condo inventory could be cause for concern. If these units continue to stay on the market, and eventually go unsold, we could see an increase in the distressed property market. With current interest rates below 5%, it could be that active buyers are comparing Manchester Lakes to newer communities, or communities closer in. I'm still biased, though. As a former Manchester Lakes homeowner, I always brag about the benefits of the community, including the amenities and proximity to shopping and metro.
Selling Your Manchester Lakes Home: Find Out What Your Home Is Worth
Buying In Manchester Lakes: See Manchester Lakes Homes For Sale