From McDude's above post we learn that:
"Year to date there have been 55 waterfront transactions on the big lake at an average price of $960,961 with a total sales volume of $52.85 million."
"In 2008 there were 53 waterfront transactions over the same time period with an average price of $1,314,639 and a total sales volume of 69.68 million."
......
What this says to me.
The selling price of the average waterfront home went from $1,314,639 to 960,961 when comparing 2008 to 2009. That is a drop of 353,678, which is 27-percent.
So, it just seems to me that the only way the waterfront could have taken a faster one year plunge would be in a submarine! WOW,,,,talk about sales prices falling off a cliff and going under....Attention everyone on board....Attention....Attention....Prepare to SUBMERGE......hold your breath and pinch your nose closed!......the price average has gone down a whopper 27-percent in the last calender year.....omg
........... -27% !
-27%, -27%, -27%, -27%, -27%, -27%
