Quote:
Originally Posted by John Mercier
Hard to say.
A lot of ''flipping'' is being done on the lake.
Buyers purchased what was available at the time, many did renovations...
But when a better location comes up, they purchase the new using equity of the old and try to sell the old quickly.
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Thank you for this. Two more homes that have recently come on the market have had a series of sales in the past few years too. When I pull the RedFin data I can see the previous listing pics - it does look like the homes were bought when they were dated, lots of improvements were done, and then they were listed at a much higher price. I know prices have seen a huge jump from 2020 to 2025 too - so maybe people are cashing out their equity.