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Friday, February 25, 2011

Chautauqua Lake Real Estate Is Off To A Great Start


Data is only considering single family Lake Front homes based on Chautauqua County multiple listing systems (MLS).
Comparing the first 50 days of 2010 to the first 50 days of 2011 Chautauqua Lake Front home sales have soared.
In 2010 January 1st to February 19th , based on the Chautauqua County MLS there were 4 recorded closed transactions.
In 2011 from January 1st to February 19th the Chautauqua County MLS system recorded 15 closed transactions. This accounts for a 250 percent JUMP in closed listings for the first 50 days of the year.
Compared below is the average closed price.
2010
AVERAGES:
List Price
 Closing Price
 Bedrooms
Full Baths
Half Baths
Est Sq Ft
DOM
 $566,250
      $444,750
      4.0
  2.0
 1.0
2,425
  243
2011
AVERAGES:
List Price
 Closing Price
 Bedrooms
Full Baths
Half Baths
Est Sq Ft
 DOM
 $448,000
     $410,250
      4.0
2.0
1.0
2,313
  141

Please note Days on market (DOM) has shortened by 42 percent from 2010.

Buyers are feeling much more confident in the market and are looking to get on board prior to prices going up.

For more information on Chautauqua Lake Real Estate & Living visit: http://www.chautauqualakehomes.com/

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