Price reductions have decreased in the Lake Shangrila market, reaching a low that hasn't been seen since July. With the market starting to tighten a five-week downturn was extended this week by the sale of one home. During the same time frame, Fox Lake had the most of any other neighboring municipalities with 46 price reductions. The median sales price in Lake Shangrila stayed put this week at $398,000.
Early bird gets the worm, so be sure to take a look at these new listings in Lake Shangrila: