Monday, October 19, 2009

Fall is a Great Time to be on Lay Lake

Fall arrived overnight here on Lay Lake and we have seen morning lows hovering right above freezing. It's a great time to be on the water as the fishing is still good and the crowds are gone. We've had plenty of water over the last month and when the current gets going the fish like to move into the sloughs. With most fishermen hitting the woods in search of a trophy buck, one could have the whole place to his self on a weekday.

As for real estate, the log jam that started last fall is officially broken. We have sold twice as many homes this year as we did in '08. Prices have moderated but the value of Lay Lake property is still strong. Homes have sold for as much as 435k and vacant lots as much as 140k. The banks are still lending and buyers are still getting financed on vacation homes and the comps for these properties are still strong. The time is right to purchase and enjoy the holidays on Lay Lake.

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