Demand for Real Estate Strong, By Alan Olson, Broker

Posted by Admin Admin on Wednesday, February 25th, 2015 at 4:25pm.

The Otter Tail County real estate market is heating up!  Newly listed property is selling in a matter of days which shows that there is a lack of homes for sale.  In fact, in the $200,000 to $300,000 price range, there is only a 3 month supply.  Lake lot sales were up 90% in 2014 which indicates consumer confidence.  People purchase lake lots with the intent of building a home in the future and those sales have been very slow previous to 2014.  There is also a lack of inventory of lake homes in the $250,000 to $400,000 range as well.  It is, therefore, a very good time to sell.

My advice for buyers and sellers entering the market..........use a professional full time real estate agent that knows not only the past comparables but one who knows the present ones and the trends.

Alan Olson, Broker/Owner

Century 21 Vista, Inc.

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