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LakeAnnaLifeTimesAugustSeptember 2015 8 around the lakeREAL ESTATE NEWSCOUNTY NEW ROUND-UP Libby LAKE ANNA LOVE WHERE YOU LIVE Buying or Selling Your Lake Anna Area Specialist CERTIFIED INVESTMENT AREA SPECIALIST LIBBY SANDRIDGE 540-223-0350 Visit... ABR CIAS Lake Anna Business Partnership 540.872.6556 Begin your search for properties at Then call or email me at Associate Broker Linda Fosdick Dave Guna Realtor Lake Anna Island Realty 540-903-9428 c 540-894-4400 o 540-226-1964 Thinking of buying or selling Licensed in the Commonwealth of Virginia To view current listings please visit... blog email Kate Elim Call REALTOR W BY KATE ELIM Want to advertise here Contact Bob King at 540.854.4181 Lets Go Fishing For A Great Lake Place For You ill next years real estate market be as good or better than this years I can speculate I can guess I can wish upon a star but I cannot know for sure. I would give anything to be able to answer that questions with a resounding Yes But I cannot. Does it look hopeful I can say Yes to that. Looking back over the past few years we have seen a steady increase in the amount of business we have had. True to form this year has been even better than last year and we were quite happy with how that was. Not only do those of us in the real estate business know that the market has improved here at Lake Anna a number of property owners have rec- ognized that as well and so I and others am being asked the question above. It would be easy to say yes next year is going to be even better than this year so get your property ready to sell if that is what you have in mind. However my crystal ball is as cloudy as ever and just about impossible for me to read. I can speculate I can take a guess I can wish upon a star but I can- not know for sure. What I do know is that this has been a very good year. There has certainly been a bottled-up demand for Lake Anna property and many buy- ers are taking advantage of the continued low rates and very good inventory. Like the buyers many sellers that have thought about selling for the past few years held off waiting for the market to improve. They realized based on the way the market has been heading here that this was probably the right time to jump in. And fortunately it is not too late to take advantage of it so if you have thoughts of selling contact your local Realtor. Im saying your local Realtor because who else knows bet- ter what is happening here NO ONE. Are you thinking that the best time to sell has come and gone If so rethink that. We still have buyers looking for homes and the inventory has decreased somewhat which means you might have a better chance of getting your place sold. There was a time that spring and summer was the sweet spot for selling but fall now continues to be a very produc- tive time. Buyers also want to know what next year is expected to be like. Only with hindsight can we really provide a defini- tive answer. Right now all we can do is speculate. With that in mind Im going to guess that it is going to be another very good year. All indications point to that possibility. Interest rates will remain low even if there is a slight bump in September. Historically the rates are extremely low. There are still many of us that recall rates well into the upper teens. We are so far below that so com- bining that with the fact that we have not experienced a lot of appreciation bodes extremely well for buyers during the rest of this year and into next. The first quarter of 2015 was a busy time with the sale of 30 homes a combination of water access and waterfront. The second quarter was even busier with a total of 51 homes sold. Again this was both ac- cess and waterfront homes. We were very grateful for the increase in sales as there is definitely pent up interest on the part of a good number of property owners wanting to sell Looking Into The Crystal Ball For 2016 Reveals... their properties after weather- ing the downturn in the real es- tate market beginning in 2008. With 51 homes sold that meant there were 102 trans- action sides each transaction having the listing side and the selling side. Comparing last years second quarter of 33 sales to this years 51 means we were able to sell 17 addi- tional homes during the past quarter. It looks like we will be having a similar busy quarter in the third quarter. Ill be sending out another market report in October covering the months of July through September. How long will this market remain good for both sellers and buyers I certainly do not know but my suggestion is take advantage of it while you can. Should you decide to do just that contact a local Real- tor for guidance that you can count on.