Posted by: Rob | March 10, 2011

Your March Real Estate Update

         This year started off about the same as last year.  There was a very noticeable slow down with the bad weather.  However, once the weather improved business really seemed to pick up.  We feel if the economy continues to improve our local housing market will improve with it.   Prices appear to be stable, although we have seen an increase in foreclosures and short sale listings over the past few months.  Now is a wonderful time to invest in real estate whether as a primary residence or an investment property.

                                Units Sold             Total Sales           Avg Sales Price

 All  Homes/Condos

LYTD                                    135                          $17m                   $126,387

YTD                                       128                          $19m                  $148,182

Non-Lake Homes

LYTD                                    119                           $13.6m                     $114,519

YTD                                       110                          $14.2m                     $128,735

Lake Homes

LYTD                                     9                           $2m                        $231,222

YTD                                        10                        $3m                        $297,500

Lake Condos

LYTD                                 7                         $1.35m                   $193,357             

YTD                                   3                          $1.83m                  $191.250

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