LAKE HOME SALES

Posted by Admin Admin on Tuesday, September 20th, 2011 at 10:21am.

LAKE HOME SALES

By Alan Olson, Broker

This month’s column gives the reader an accurate snapshot of the lake home sales thus far this year in our multiple listing services.  It also shows the months of inventory available for purchase.  September and October closings are not reflected here but the sales have been off the charts.  Interestingly, sales have been closing within 1% of the assessor’s market value, which is highly different from the low prices of other regions in Minnesota.

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.

 

Absorption Rate Report

September 1, 2011

 

 

 

 

Otter Tail and Grant County MLS

Lakeshore Cabin/Home Sales

 

 

 

 

Price

Total Sales 2011

Total Current

Months of

Range

Year To Date

Listings

Inventory

0 - $49,999

1

0

na

$50,000 - $99,999

8

12

13

$100,000 - $149,999

21

31

12

$150,000  -$199,999

26

74

33

$200,000 - $249,999

12

66

36

$250,000 - $299,999

15

50

31

$300,000 - $399,999

28

53

17

$400,000 - $499,999

4

16

27

$500,000 - $599,999

3

17

68

$600,000 - $699,999

0

5

62

$700,000 - $799,999

0

4

na

$800,000 - $899,999

2

5

23

$900,000 -

0

2

na

TOTAL

89

335

24

Alan Olson, Broker/Owner

Century 21 Vista, Inc.

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