OTTER TAIL COUNTY REAL ESTATE SALES FOR 2011

Posted by Admin Admin on Wednesday, August 10th, 2011 at 3:50pm.

Sales for the first 7 months of 2011 were down 14%, according to Multiple Listing Statistics.  Alan Olson, Broker of Century 21 Vista said "we owe that primarily to lake home sales being off 29%."  The unseasonable weather in March and April kept the lake home buyers away, although sales have been very strong since then. 

It's hard to tell if we will catch up by year's end to last year's sales which were up 55%.  The bright spot is that those buyers are buying higher priced homes than last year.  The average sale price is up 10%.  Another interesting note is residential sales in the county are on par with 2009 and 2010 which were very good.  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.

by Alan Olson, Broker

 

 

 

Alan Olson, Broker/Owner

Century 21 Vista, Inc.

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