Chautauqua NY Lake Properties offer Ray of Sunshine in the Mist of a Bleak Real Estate Market
Posted by Richard Benedetto on Tuesday, November 2nd, 2010 at 2:25pm.
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.
In my opinion buyers can still find great value in Chautauqua Lake Real Estate and can enjoy their investment. Chautauqua Lake properties have great value compared to the Finger Lakes in western New York and all of the lake areas in Pennsylvania, Ohio and Canada.
Chautauqua Lake is complemented by the world renowned Chautauqua Institution, which attracts buyers for from around the globe. The majority of Chautauqua Lake Real Estate buyers for vacation homes; come from Cleveland, Pittsburg, Buffalo and Toronto.
The following website depicts all of the great attractions Chautauqua region has to offer. tourchautauqua.com
Should you have any questions or would like to view properties for sale or rent please feel free to call me anytime or visit me at richardlakefront.com
Cell 716-665-9403
Sincerely
Richard Benedetto Broker/Owner Real Estate Advantage & Chautauqua Lake Real Estate
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Are there any lakefront places for sale that are not totally exorbitant?
I would like to be there six months (my primary residence) and here in NC six months. Let me know.
Hi Linda,
Hope all is going well it's been a few years since your placed sold in Hadley Bay.
What price range are you looking to stay in? There are some great deals on Chautauqua Lake Estate Condos.
Let me know what range your thinking of and I'll send you the ones that I think are the best value.
I look forward to hearing from you.
Richard Benedetto
Posted on Tuesday, November 9th, 2010 at 10:38pm.