Dec. 20, 2006 – Just posted Ending 2006 Entering 2007at Lake Royale is a complete review of the real estate market for Lake Royale. Lake Royale is a gated community located just southeast of Raleigh, North Carolina. Chris Roark, a local real estate broker and long-term resident of Lake Royale, gives us a detailed picture of sales for 2005 compared with recent results of 2006.
As Chris Roark writes, “Lately the media has been painting a very bad picture of the current real estate market. This has caused hardship to many potential buyers. Negative media attention has caused many property owners to become fearful at the thought of selling their property. Although many parts of the country have experienced such a downturn, it is not true everywhere.” Mr. Roark puts to rest that this is not the case for Lake Royale. He clearly points out the great investment opportunity Lake Royale represents.
Using recorded sales, Chris Roark outlines increases in property values for residential lots and single family homes both on the water. These are in addition to deedable camping lots sold within Lake Royale. According to Chris, campers with just lots or camper lots have both experienced growth in 2006. The highest camper lot sale recorded for 2006 is $145,000 according to MLS records. Again, Lake Royale is proving to be a great community in which to vacation or live permanently. It is a great place to invest in real estate. It is a detail like this from Ending 2006 Entering 2007at Lake Royale that makes the article one not to miss.
Mr. Roark’s insight is that of a true professional as he guides us through the Real Estate market.
Chris Roark, his team, and the other brokers at PineRidge Realty & Development, Inc are available to assist you. Whether you are looking within Lake Royale or exploring the surrounding communities, Chris Roark is knowledgeable about the current real estate conditions. Give him a call (252 567-4701) or visit one of his many websites.
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