Here are the real estate sales stats for the period of 1/1/2012 to 6/30/2012.
Lakefront Homes: There have been 302 closings of lakefront homes so far this year compared to 239 last year. Total sales volume is up over $12,000,000. The average sales price is down to $293,604 compared to $319,174 in 2011. Bank owned lakefront home sales are down roughly 20%.
Off-water Homes: There have been 335 closings of off-water homes compared to 318 for the same period in 2011. Total sales volume is up over $5,500,000. Average sales prices are up 8%. Bank owned off-water home sales are down approximately 20%.
Re-Sale Condos: Closings this year number 227 vs. 164 last year. Volume is up over $8,500,000. Average prices are down 10% to $149,642. Bank owned condo re-sales are up slightly. (Sales of new construction condos are down 40%).
Lots and Land: Lake front lot closings are up over 25%. Volume is up and the average sales price is up. Bank owned waterfront lots sales are the same as last year with 4 closings. The number of off-water land sales are nearly identical to 2011. Volume has increased and average sales prices are higher. There have been 6 bank owned lot sales this year so far.
Commercial Property: The number of commercial sales are the nearly same as last year, with volume and average sales prices down. There have been 4 bank owned commercial sales so far in 2012.
Total of All Sales: So far this year there have been 994 real estate closings compared to 850 in 2011. Total volume is up over $27,000,000. Bank owned sales are down from 195 last year to 170 this year.
If you have any questions regarding specific property values here at the Lake, please feel free to contact us.
*Data taken from Bagnell Dam Association of Realtors MLS