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Friday, November 12, 2010

Chautauqua Lake Real Estate Interesting facts

Based on the Chautauqua County, New York MLS(Multiple Listing Service) data, the number of Chautauqua Lake property Sales for 2010 year to date have increased 18 percent over that of the same time period for 2009.

Interesting facts for Lake Front properties

Data based on Sales from January 1, 2010 - October 28, 2010

Average sale price $268,800.00

Average square footage 1,861

Average days on market 128

Looking at the largest segment, Lake Front Properties priced between $200,000 and $400,000

  • January 1st to October 28th 2009, the average sale price was $298,000

  • January 1st to October 28th 2010, the average sale price was $276,500

In comparison, there has been a 7% decrease in sales price but an increase in the number of unit sales for 2010. If the trend continues we should expect to see in increase in sales through 2011 and see property appreciation come back into the mix.

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