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Lake Placid Real Estate Updates Tips For Buying in the Adirondacks

Margie Philo, Real Estate Broker & Owner

Margie Philo, Real Estate Broker & Owner

Berkshire Hathaway HomeServices Adirondack Premier Properties

Welcome to “The Brokers Suite,” our blog with updates about new listings, real estate buying and selling tips, and more real estate topics updated regularly. Stay up to date with the latest Adirondack and Lake Placid real estate market information. Find insider advice and tips to assist you in selling or buying a residential or commercial property in the Adirondacks.

"Where Experience Isn't Expensive, it’s Priceless."

Lake Placid Real Estate Market Expert

See below for our latest blog posts. Some posts are republished as part of the Berkshire Hathaway Home Services collection of real estate education content.

Loans for Purchasing Land – 3 Options for Buyers

Farm Land

Loans for purchasing land might not be at the top of your mind until you find your dream piece of property.  Whether you see it in a listing or discover it randomly while driving, putting eyes on the right piece of land can give you a jolt of excitement and bring on daydreams of ownership.  If you decide to move forward and buy your land find, there are a few things to consider.   One of the first things is whether you can afford to pay outright for the land or whether you will need financing.  If you don’t have Read More

March 23rd, 2023

Recent Local Trends That Affect The Value Of Your Property

When researching an area where you plan to live, it’s wise to investigate what is happening locally and nationally because it can impact the value of your property. There are many trends that could affect the value of your property, such as new rules and regulations, quality of life or interest rates.  Real estate is an ever-evolving space where minor changes can have major effects on property values. In the Adirondacks, there have been only minor changes in the real estate market due to being a resort area with a high population of tourists and visitors. However, any significant event Read More

March 16th, 2023

Choosing Between Different Types Of Real Estate Offices

Berkshire Hathaway HomeServices Quality Seal Cabernet

In the Lake Placid region there are currently over 15 real estate agencies including brokers and realtors offices to choose from to list a home for sale or to get help from a local expert to purchase a home in the area. It is tricky trying to decide what real estate agency is going to be the right fit for you especially if you know agents from different agencies. It can also be difficult to pick a better real estate agent without knowing what additional values they offer to their clients, even when meeting with the prospective representatives for your Read More

March 9th, 2023

How Agents Can Sell Homes Faster and Possibly For More Money

money clock

Hidden Ways Listing Agents Help People Sell Their Homes And Possibly For More Money To list with a real estate agent or to not list with an agent is often a question people ask when selling their home. You may hear conflicting stories from friends or family on whether to use an agency or not. We feel there are a few primary reasons a listing agent or real estate agency are often able to help sell residential homes quicker and possibly get more value for the sale. Read on to learn some hidden (or not so hidden) ways using a Read More

February 23rd, 2023

Is Timing The Housing Market A Good Idea?

Should You Try To Time The Housing Market

The past year in the housing market has been quite a ride, full of contradictions and opposing trends. Here at Adirondack Premier Properties, buyers often ask us whether timing the housing market is a good plan.  Our best advice is to do some research & consider your personal situation to assess the pro’s and con’s of timing the housing market. In many ways, the real estate business has been unprecedented in recent years.  We realize it can be confusing knowing whether to wait for rates and prices to come down or to jump on a home purchase when inventory is Read More

February 16th, 2023

Two Major Price Reductions On Adirondack Homes

Casa Del Paradiso - Aerial From Front- Just Reduced

Casa Del Paradiso in Lake Placid and Palazzo Riggi in Saratoga have both been reduced in price. These luxury properties are truly jewels of their regions with no expense spared!   CASA DEL PARADISO IN LAKE PLACID 9 BED  |  8 BATH  |  8,500 SQUARE FEET  |  46.64 ACRES Casa Del Paradiso is now being offered at $15,000,000. A private estate that could rarely be offered anywhere in the world. It features 5 primary buildings including an underground tunnel from the main residence to one of the guest homes. There is also 2 additional 2 bedroom guest homes, a tree Read More

February 10th, 2023

Expert Advice – Inheriting a House with Siblings

Inheriting A Home With Siblings

  Inheriting a home can be exciting, but when it comes to inheriting a house with siblings, the process can also become difficult, both emotionally and financially. Many families experience conflict and personality clashes at the best of times, and during a stressful time of loss, families can be more prone to falling into disagreement, especially over how to handle shared assets.  When a loved one wills property or assets jointly to family members, disputes can and often do arise, sometimes more commonly with a high value inheritance. If you find yourself in this situation, take a step back and Read More

February 10th, 2023

February 2023 Newest Listings

Ranch On Route 86 In Wilmington - Aerial Exterior Side Mountains

RESIDENTIAL RANCH ON ROUTE 86 IN WILMINGTON 3 BED  |  2 BATH   |  $525,000 This well maintained 3 bedroom/2 bath Ranch is located close to the heart of Wilmington, Whiteface Mountain and within the Lake Placid School district. View more on this property. CHARMING CHALET IN ONCHIOTA 3 BED  |  2 BATH   |  $389,000 An Adirondack chalet with lovely charm. Very well maintained with a paved driveway and wrap around deck to enjoy the beauty and sounds of nature abutting state land. View more on this property. LOTS & LAND 6 ACRES ON HAWK RIDGE LANE IN SARANAC LAKE 6.52 Read More

February 6th, 2023

January 2023 Notable Sales

ADIRONDACK LODGE ON OVERLOOK IN LAKE PLACID 4 BED  |  4 BATH  |  $2,295,000 Perched overlooking Lake Placid with captivating year round views of Whiteface and the lake, this custom Adirondack Lodge blends Adirondack character and custom finishes with every possible modern amenity.

February 5th, 2023

The 2023 Saranac Lake Winter Carnival Starts Next Week

Saranac Lake Winter Carnival - Logo

The Saranac Lake Winter Carnival is a staple for the Saranac Lake community during the winter. It is a perfect way to break the winter’s chill while promoting outdoor sports and games as well as coming together as a community. The Saranac Lake Winter Carnival always has a theme what could be a focus on a generation to superheros. This years theme is “Roman Around The Adirondacks” so if you plan on visiting or renting during the winter carnival pack your toga for one of the biggest celebrations in the Adirondacks! History The origins of the winter carnival began with Read More

January 26th, 2023

Tips For Home Buyers During A Low Housing Inventory Market

House In The Snow

Tips For Home Buyers In A Low Housing Inventory Market Currently in early 2023 the Lake Placid region is going through a shortage in the number of houses available on the real estate market for sale. This is due to three main reasons: The time of the year: People generally do not like to move during the winter or holidays Higher interest rates than we have seen in the past two years making buyers wait on getting pre-approval letters from the bank Low inventory in other areas where sellers may want to move, which delays their house selling timeline. The Read More

January 19th, 2023

Path to Success – Buying a Home in 2023

Get Ready To Buy A Home In 2023

Buying a home in 2023 might seem like an uphill battle after the market has been so hot for so long.  Worries about finding an available property in Lake Placid, securing financing and winning the competitive bidding process are concerns felt by many potential buyers going into 2023. Adirondack Premier Properties has guided many buyers to success in the recent market, and our team looks forward to helping more buyers close their deals in 2023. Contributing to current market challenges, inflation, home prices and interest rates trended higher in 2022 than they have in several years. While ascending trends in Read More

January 12th, 2023

January 2023 Newest Listings

Luxury Lodges Townhome - Sunny - Aerial Lake Placid Whiteface

RESIDENTIAL NEWLY BUILT HOME ON AUSABLE DRIVE IN JAY 3 BED  |  3 BATH  |  $549,000 BRAND NEW CONSTRUCTION! Striking Adirondack Contemporary Chalet on a private acre surrounded by state land on three sides in the highly desirable Ausable Acres. View more on this property.   CAMP SERENITY IN SARANAC LAKE 7 BED  |  5 BATH  |  $1,495,000 Newly renovated 6200 square feet home built in 2000 on highest point of Mount Pisgah with Saranac Lakes and Mountain views from inside & out! View more on this property. CONDOS & TOWNHOMES LUXURY LODGES TOWNHOME IN LAKE PLACID 4 BED  |  Read More

January 9th, 2023

December 2022 Notable Sales

CAMP YELLOW BIRCH ON LAKE PLACID 5 BED  |  5 BATH  |  $3,749,000 Yellow Birch, a newly completed custom built year round home on Lake Placid waterfront is stunning on all 3 living levels with a new boathouse with upper deck and a new 2 car garage. A convenient level lot and very close to the waterfront, the artisan details and high end finishes also include several outdoor decks, screen porch and patio. From the boathouse deck enjoy nightly western sunset views.    

January 5th, 2023

2022 Year In Review


Happy New Year to you all from our offices and agents! This is our time to reflect on our accomplishments from this past year as well as plan for the next! Our offices had another strong year and would like to thank our clients for putting their trust in us this past year. We would also like thank our passionate and hardworking agents for all of the work that they put in this year. This combination helped us become one of the strongest agencies in the Adirondack Champlain Valley region.   Office News From The Year We have added three Read More

January 4th, 2023

Plan Your 2023 FISU World University Games Visit

FISU Lake Placid 2023

Lake Placid is ramping up with excitement as preparations continue for the FISU World University Games.  Throughout our winter sports loving town, visitors and locals alike are anxiously anticipating this world class event.  In a competition similar to the Olympics, the World University Games will host top collegiate winter sports athletes from around the globe for a 10-day event. The World University Games are scheduled to begin January 12th and end on January 22nd, with a few early start events including Men’s & Women’s Hockey beginning on the afternoon of January 11th. If you are interested in experiencing the magic Read More

December 27th, 2022

Is The Homebuying Competition Easing In The Lake Placid Region?

Man Writing On Notebook With Laptop Behind

A common question our Lake Placid real estate office staff and agents receive recently comes from home buyers and sellers asking: “Is the homebuying competition easing?” The short answer for this question is yes, the level of urgency and competition in Adirondack region home transactions are easing. If homes are priced correctly and in a desired neighborhood there is still some competition, but it is not at the level that was seen during the pandemic. During the pandemic, the low housing supply especially with lakefront homes, combined with reduced interest rates for home mortgages provided a storm of offers for Read More

December 20th, 2022

Why Zillow Zestimates Aren’t Always Accurate

Zillow Logo

Zillow has become a platform many buyers and sellers have visited during their search for property information. While this online information center offers great starting and market comparison data, accuracy is often questioned by real estate professionals. This is primarily because Zillow does not always have the correct, complete, or recent information on many listings. Our office has noticed that estimated property taxes listed, general property and home information and their Zestimates can be wrong, often either due to inaccuracies or updates that have made to laws or the property since last sold . We always suggest that potential buyers Read More

December 13th, 2022

December 2022 Newest Listings

Farmhouse In Gabriels On 3 Acres - Aerial Mountain Views

RESIDENTIAL TUPPER LAKE RANCH ON BAKER AVE 3 BED  |  1 BATH  |  $179,000 A well maintained home on a lovely double lot with a private fenced in backyard space for privacy. View more on this property.   ADORABLE SARANAC LAKE RANCH ON ARNOLD DRIVE 3 BED  |  2 BATH  |  $249,000 This adorable three bedroom two bath house centrally located in Saranac Lake is a fantastic starter home with unlimited potential. View more on this property.   FARMHOUSE IN GARBRIELS ON 3 ACRES 5 BED  |  1 BATH  |  $249,995 Views, views, views, the most magnificent views in the Read More

December 6th, 2022

Interlaken Inn & Restaurant To Re-Open This Month Under New Ownership

Interlaken Inn & Restaurant - Fall - Exterior Front Right

Adirondack Premier Properties is excited to announce that the Interlaken Inn & Restaurant plans to re-open the first or second week of December 2022 under new ownership. A favorite establishment of the Lake Placid community for many years, the Interlaken’s local fan club includes many agents from our office.  We were thrilled to list and help facilitate successful sale of this property to enthusiastic new owners.  With a new era beginning at Interlaken Inn Lake Placid, we wanted to take this opportunity to introduce Interlaken’s new owners and share essentials about the re-opening, including how to book rooms and what Read More

December 2nd, 2022

November 2022 Notable Sales

INTERLAKEN INN & RESTAURANT 10 BED  |  10 BATH  |  11,303 SQ. FT.  |   $2,975,000 A Historic Adirondack classic home in the prestigious Signal Hill Lake Placid area also known as “The Interlaken Inn and Restaurant.” Well known as the premier location in the Village, this property is ideal for a buyer to continue and run the Bed and Breakfast and the very busy restaurant. View more on this property.   THE SILO HOUSE IN LAKE PLACID 4 BED  |  3 BATH  |  $1,150,000 An original historic Lake Placid home built in 1890 with so much character and the Read More

November 29th, 2022

What To Look For During An Open House

Agent With Clients

As colder weather moves into the Adirondacks, open house season is winding down after a busy and active summer. If you are looking to buy this fall, it’s not too late to get into properties that interest you.  During the holidays and larger event weekends, local agents are more likely to have open houses. As a buyer, open houses provide the perfect opportunity to tour and inspect potential homes before making an offer. Although the event can be busy with multiple buyers on site at the same time, here are some tips to help you think ahead and know what Read More

November 22nd, 2022

How To Prepare Your Home for Winter

Breakaway Lodge In Lake Placid - Aerial exterior front

  Morning frost covers the windshield, the leaves have browned and fallen, and it’s hard to get out of your cozy bed in the morning – all signs that winter is coming.  Before the snow flies and winter weather really settles in, these late fall days are the perfect time to prepare your home for the cold season. By the time the forecast shows below freezing overnight temps, you should already be thinking ahead towards your home’s winter needs and taking steps to get your house winterized.  Key areas to consider include cleaning, pest control, insulating and sealing, heating system Read More

November 16th, 2022

How to Winterize A Cabin – Closing Up in the Adirondacks

Snowy Cabin

Somehow it always seems that winter is right around the corner in the Adirondacks! We’ve been spoiled this year with some extended warm weather, and this offers the perfect opportunity to learn best practices for how to winterize a cabin on your property.  If you are planning fall tasks including winterizing a cabin, here are some helpful tips to get organized and start checking off must do’s to close up your Adirondack camp like a pro. Indoor Maintenance When closing your camp down, doing your indoor maintenance with careful attention to detail is an absolute must. Poorly executed or overlooked Read More

November 11th, 2022