Montreux Real Estate Report: January 2010

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TUESDAY, JANUARY 26, 2010

2009 Sales Summary

The overall trend of real estate sales in 2009 showed improvement over 2008. The total number of homes sold significantly increased year over year, yet the pressure on prices was also evident. There was a total of 17 homes sold in 2009, an increase of 30% compared to 2008. Additionally, 5 custom lots sold. This is a 40% increase compared to the previous year. Although overall sales numbers increased in 2009, home prices dropped. The average price per square foot for the homes sold in 2009 dropped by 30%, in comparison to 2008. With the correction in prices, many of the buyers in 2009 found Montreux homes now represented an incredible value. Of the 22 properties that were sold in 2009, the sales break down included: 1 Chalet 1 Cottage 2 Creekside Manors 4 Custom Homes 9 Renaissance Homes 5 Custom Homesites
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