Dry to Flooded to Thriving
Have you ever seen a heavy rain on a dry parched earth? It lands and puddles, some of it runs off, but it seems like the drought has been so intense that the ground has become concrete with almost no water being absorbed. That’s a great way of describing the current Possum Kingdom real estate market. It truly reflects the State of the Market.
Currently we’re seeing a steady stream of new lots and high-end multimillion dollar homes hit the market. Very few current listings are going under contract. The number of sales have been almost stale since around Thanksgiving of 2024. This stagnation ties directly into the current state of the market.
Back to the rain on the desert, the casual passerby may think there’s no hope for the land to grow. It repels the water like this. To the local farmer, they know this is normal for this time of year. The dormant grasses and seeds will indeed absorb this precious rain and thrive.
In the same way, to local realtors who have seen the cycle of real estate, we know that this is the norm for PK. We see the steady drop off of sales starting in September and funneling down to an almost stop by Thanksgiving. Minimal lots and homes are listed between then and Christmas. Then, with the new year, a large number of properties expire and come off the market. But with the new year (or after the election in this year’s scenario), there’s a flurry of new listings. In just the last 2 weeks, Matthew and Maggie have already been contacted to list 5+ new waterfront properties expecting to hit the market between now and March.
As the weather warms and we progress towards summer, we typically watch the number of sales steadily increase. By March, we see full throttle activity until August/September. Of the 6 waterfront properties currently under contract or already closed this year, Maggie Burgess‘s proves again why she’s consistently one of the top producers. She’s already closed 1 listing and has another listing under contract. That is 33% of the waterfront properties under contract or closed.
Market Reports for Each Community
NTREIS* MLS Systems Peninsula Possum Kingdom Lake 2022 and 2023 Comparison With 2023 coming to a wrap and all the data from last year’s real estate market finalized, it’s time we looked into the numbers and data. As you may be aware, I write a market report annually and typically try write a quarterly analysis […]
NTREIS* MLS Systems Westside Possum Kingdom Lake 2022 and 2023 Comparison The analysis of 2022 and 2023 real estate data for Single Family Homes and Unimproved Land on the Westside uncovers significant insights into market trends, highlighting a robust demand for residential properties and a growing interest in land investments. This focused examination reveals the resilience of […]
NTREIS* MLS Systems The Harbor Possum Kingdom Lake 2022 and 2023 Comparison As we close the chapter on 2023 and delve into the intricate tapestry of real estate trends, The Harbor Market Report 2023 Market Report ” emerges with the goal of shedding light on the market’s ebbs and flows. This comprehensive review meticulously compares […]
NTREIS* MLS Systems Sportsmans World Possum Kingdom Lake 2022 to 2023 Comparison In the intricate dance of the real estate market, where patterns shift like the seasons, the years 2022 and 2023 have painted a vivid tapestry of change, resilience, and adaptation. This period, marked by fluctuating dynamics across houses, condos combined with townhomes, and […]
NTREIS* MLS Systems Gaines Bend Market Report: 2022 and 2023 Comparison The real estate market in Gaines Bend at Possum Kingdom Lake has had some notable changes from 2022 to 2023, marked by shifts in sales prices, property ages, and market activity. This analysis provides a detailed comparison of these two years, focusing on homes and unimproved […]