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LAKE PANORAMA SAW A 19% INCREASE IN THE NUMBER OF WATERFRONT HOMES SOLD IN 2016

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A total of 44 waterfront homes were sold at Lake Panorama in 2016 with an average sold value of $448,032. A strong economy, low unemployment, and continuing low rates all played a role in the increased sales at the private lake in Iowa. Waterfront condos saw a 2.8% increase in average sold value at $294,325 in 2016 vs $286,430 in 2015. Average days on the market for all Lake Panorama property was 151 in 2016. Approximately 54% of all properties sold in 120 days or less and 31% of homes took a year or more to sell. The average sold price of a 2-bedroom property was $270,389, a 3-bedroom property averaged $336,581, and a 4-bedroom property averaged $427,684. Additional market information for Lake Panorama is available by calling 515-705-8932.