‘A very slow market’: Realtors weigh in on market impacts with Medina Lake’s low water levels

Water Data for Texas said Medina Lake Reservoir was 2.4% full on Monday.

MEDINA LAKE, Texas – What’s left of the Medina Lake Reservoir looks anything but familiar.

“When you look out across this of what is Medina Lake, how does it make you feel?” KSAT reporter Avery Everett asked broker Mike Mallory.

“I say it’s like a dysfunctional beauty, and she is pretty, but you got to put up with their ups and downs,” Mallory said.

Medina Lake is drying out. Water Data for Texas reported Monday that the man-made reservoir was only 2.4% full.

Realtors, like Mallory, said the low water levels are impacting property values and the real estate market, and they’re not sure how soon it will bounce back.

“It’s a very slow market,” Mallory said. “I get phone calls on it from time to time, but more often, it’s sellers instead of buyers.”

Mallory owns Medina Lake Realty. He said some sellers are waiting to put their homes on the market until the water levels are back up. And he’s not the only one seeing changes.

“When the lake was full, homes were selling like crazy out there,” Levi Rodgers, the owner of Levi Rodgers Real Estate Group, said.

Rodgers said resale value is the biggest concern for his buyers looking at the Medina Lake area right now.

“If there’s less people that are attracted to the area, the values are going to go down,” Rodgers said. “It’s always tied to the water levels of the lake.”

Historically, the lake’s water levels have bounced back from dry conditions, but there’s no timeline for when that will happen.

To read more about the reservoir’s levels, click here.

About the Authors

Avery Everett is a news reporter and multimedia journalist at KSAT 12 News. Avery is a Philadelphia native. If she’s not at the station, she’s either on a hiking or biking trail. A lover of charcuterie boards and chocolate chip cookies, Avery’s also looking forward to eating her way through San Antonio, one taco shop at a time!

Gavin Nesbitt is a photojournalist and video editor who joined KSAT in September 2021. He has traveled across the great state of Texas to film, conduct interviews and edit many major news stories, including the White Settlement church shooting, Hurricane Hanna, 2020 presidential campaigns, Texas border coverage and the Spurs.

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