Posted by: Rob | February 10, 2011

Your February Real Estate Update

January is usually the slowest real estate sales month of the year.   You just don’t have that many people shopping for housing before the holidays.  This January was no different.   There were a total of 4 more residential units sold this January vs. last January.  The average price was way up, however that is not a reflection of the market.  There just happened to be many low-priced homes that were sold last January.

Over the past couple of weeks the weather has really hampered the real estate business.  Showings are down, however that should improve once we get the wintry weather behind us. 

                               Units Sold             Total Sales           Avg Sales Price

 All  Homes/Condos

LYTD                                     60                           $7.8m                   $129,641

YTD                                       64                          $10.2m                     $159,148

Non-Lake Homes

LYTD                                    50                           $5.5m                     $109,500

YTD                                       56                          $8.16m                         $145,768

Lake Homes

LYTD                                     7                           $1.76m                      $252,000

YTD                                        5                           $1.47m                     $293,500

Lake Condos

LYTD                                 3                         $539k                   $179,833              

YTD                                   3                          $535K                      $185,000

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