Chautauqua Lake Real Estate is off to a great start in 2011!
Posted by Richard Benedetto on Monday, February 21st, 2011 at 3:25pm.
Comparing the first 50 days of 2010 to the first 50 days of 2011 Chautauqua Lake Front home sales have soared.
January 1st to February 19th 2010, based on the Chautauqua County MLS systems had recorded 4 closed transactions.
In 2011 from January 1st to February 19th the Chautauqua County MLS system recorded 15 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
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2011
| AVERAGES: | Adjusted Price | List Price | Closing Price | Bedrooms | Full Baths | Half Baths | Est Sq Ft | DOM |
| $448,000 | $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.
As a lifelong resident of Chautauqua County I consider the increase in activity as a real testament to what I have always thought.
Chautauqua County is a great please to live, play, and makes a great investment!
Should you have any questions or would like to view any homes in the Chautauqua Lake Region please feel free to call Richard Benedetto Broker/Owner anytime. Cell 716-665-9403
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Good point. I hadn't thoguht about it quite that way. :)
Posted on Friday, May 6th, 2011 at 5:07pm.