Chautauqua Lake Real Estate Market update. First quarter of 2011
Posted by Richard Benedetto on Sunday, April 17th, 2011 at 5:45pm.
Chautauqua Lake Real Estate Market update. Data is only considering single family Lake Front homes based on Chautauqua County multiple listing systems (MLS).
Comparing the first quarter of 2010 ending March 31st to the first quarter of 2011 Chautauqua Lake Front home sales have soared.
January 1st to March 31st 2010, based on the Chautauqua County MLS systems recorded 9 closed transactions.
In 2011 from January 1st to March 31st the Chautauqua County MLS system recorded 16 transactions. This accounts for a 56 percent JUMP in closed listings for the first quarter of the year in 2011 compared to the first quarter of 2010.
Compared below is the average closed price, (days on market) DOM.
2010
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2011
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Please note Days on market (DOM) has shortened by 31 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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