Although it is only the first month of the new year, sales figures look promising compared to the prior 2 years. The number of waterfront home sales are up just a little. Off-water home sales are up around 9%. Condominium sales are up 7%. All type of property sales are up over 7%.
Bank owned home sales are up over 7%, but up only 3% of the total number of sales closed since 2010. In 2010, bank owned sales accounted for 24.32% of all sales in January. In 2011, bank owned sales accounted for 25.28% of all January sales. This year, bank owned sales accounted for 27.45% of January real estate closings.
We certainly cannot predict what kind of year it is going to be in 2012, but thought we would share a small bit of encouraging news.
If you would like to know how things are going in your Lake neighborhood, just give us a call or drop us an e-mail.