For the 4 months of 2010, the good news is that the number of sales for waterfront homes, off-water homes and condos is up from 2009. The number of waterfront home sales is up 10%. Off-water home sales are up 21%. Condo sales are up 13%. On the flip side, the number of sales for commercial property, lots/land, and farms has declined.
Foreclosure sales are up for 2010. 11% of all waterfront sales were foreclosures. Off-water home sales were 39% foreclosures. 18% of condo sales were foreclosures. In the first 4 months of 2009, 10% of all sales were foreclosures and in the first 4 months of 2010, 23% of all sales were foreclosures.
Let's keep our fingers crossed for a strong Summer!