April 3rd, 2011 8:43 AM by Mike and Susie Berra
Here are the first quarter of 2011 sales statistics compared to the first quarter of 2010.
Residential Waterfront Homes: The number of sales in 2011 is down 7% from the first quarter of last year. Waterfront bank owned sales are up 8%.
Residential Off-Water Homes: The number of sales in 2011 is down only 1% from the first quarter of last year, but bank owned sales are up 15% and are now 45% of the off-water sales market.
Condominiums: The number of condos sales is down 8.9% compared to the first quarter of 2011, but bank owned sales are also down 38%.
Commercial: The number of commercial sales is up 29% for the first quarter of 2011 compared to last year, but the number of bank owned commercial sales has also increased.
Waterfront Lots: There have been only 3 sales of waterfront lots in the first quarter this year compared to five at this point last year. No bank owned sales of waterfront lots in 2010 or 2011.
Off-Water Lots: The number of off-water lot sales so far this year is down 26% compared to the first quarter of 2010, with bank owned off-water lot sales up a bit.
Overall for the first quarter of 2011, the number of all type property sales is down 6% from this period last year. Bank owned sales of all property types is up 8.5% compared to 2010. Bank owned sales are currently 28% of the sales market, but 72% of all bank owned sales were under $100,000.
Current available listings at the Lake, as of today:
Lots and Land: 1,692
This is how the first quarter of real estate stats at the Lake look. But Spring and Summer time data can change these figures quickly. We will be posting sales data every month, so you can track what the market here is doing. If you want specifics on price ranges, locations, etc., please feel free to contact us.
NOTE: All sales/listing data taken from the Bagnell Dam Association of Realtors MLS