LAKE MURRAY

Lake Murray homes sales have taken an unusual turn this past quarter, high end waterfront homes are beginning to sell again. Lake Murray, SC homes despite the downturn in overall sales have moved forward on the higher end due almost certainly to the recent drop in mortgage interest rates. Lake Murray waterfront homes reflect less that 5% of out total market sales being the most expensive homes in our market so this movement is encouraging. Affluent buyers from the Northeast, West and Florida who have been fortunate enough to sell their homes and retrieve their equity are buying waterfront homes on Lake Murray one of the South's prettiest lakes. Lake Murray high end waterfront homes are perceived to be a great hedge against future market downturns, since there are no insurance issues as is the case with Florida real estate. With a little luck Lake Murray waterfront homes will continue to lead the way as our market tries to find it's footing again after the worst real estate downturn in our markets history. 803-917-1893 www.troyott.com

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