Montreux Real Estate Report: June 2008

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THURSDAY, JUNE 12, 2008

Sales Update, May 2008

Montreux Home Values Increased by 17%
Despite current economic conditions, Montreux property values continue to rise! When comparing the last year of sales (May 1, 2007- May 1, 2008) to the same period the previous year (May 1, 2006 to May 1, 2007), the average home sales price increased by 17%. Additionally, the average sales cost per square foot increased by 12%. See the charts below, based on MLS recorded sales figures. Both facts provide evidence that Montreux properties are not only increasing in value, but the Buyers are also choosing higher quality of homes than the previous year.
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Real Estate Activity Update
We had a great start to 2008 with a total of 10 properties sold in Montreux in the first half of 2008, consisting of one homesite and nine homes. The homes ranged in sales price from $930,000- $2,310,000.

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