Like most places in the country, Island Park has been hard hit by the popping of the real estate bubble. Let’s face it. Most people don’t live here full time. These are primarily second homes. And one of the things you can do without when times get tough is a second home.
But while all of the above is true, for those who have prepared themselves in such a way that a second home is still on the list, now is the best time to buy real estate in Island Park in the last 10 (or more) years.   While sub-$200K homes are still holding their values pretty well, homes priced above $500K are dropping like a stone. No, the asking prices haven’t dropped all that much, but the selling prices have dropped dramatically.
If you are looking for a nice second home, now is definitely the time to buy. Call one of our many local realtors today to find out how far your dollar really will go. Because there’s no question, when things get tight, it’s always a buyer’s market.
