Lake Lorraine, Shalimar Point & Port Dixie Market Update – June 2025
These three neighborhoods along the Shalimar corridor share more than geography — they also share similar buyer behaviors. When homes are priced right, in good condition, and well-located, they tend to sell quickly and close strong. Here's how these areas performed over the past year:
Market Snapshot (Combined)
- Total Sales: 42
- Active Listings (Current): 12
- Pending Sales: 3
- Average Sold Price: $576,300
- Median Sold Price: $550,000
- Average Home Size: 2,280 Sq Ft
- Average Price per Sq Ft: $253
- Average Days on Market: 47
Price Trends
- Average Price Adjustment: -$18,700 (-3.14%)
- Sold/List Price Ratio (avg): 97.9%
- Sold/Original List Ratio (avg): 95.2%
Time on Market Breakdown
| Days on Market | % of Sales | SP/LP Ratio | SP/Original List Ratio |
|---|---|---|---|
| 0–30 Days | 59.5% | 99.2% | 98.5% |
| 31–60 Days | 16.7% | 96.8% | 94.1% |
| 61–90 Days | 11.9% | 95.0% | 91.2% |
| 91–120 Days | 4.8% | 93.4% | 89.7% |
| 121+ Days | 7.1% | 92.2% | 88.3% |
Key Insight
Across Lake Lorraine, Shalimar Point, and Port Dixie, one pattern holds true: homes that are well-prepped, well-positioned, and properly priced usually sell in under 30 days — and they do it with minimal discounting. In fact, 6 out of every 10 sales in these neighborhoods closed within the first month on market.
For sellers chasing aspirational pricing or listing homes with obvious condition issues, the story looks very different: longer market times, multiple price reductions, and weaker negotiation leverage.
If you want to price your home for speed and strength — not just listing and waiting — let’s talk about your options.