Have we hit bottom yet?!

I am frequently asked about the Irish Hills Lakefront market conditions. You may find the following statistics of interest:


LAKEFRONT SOLDS
Nov. 1, 2008 -Nov. 1, 2009 avg. sold price $198,734
Nov. 1, 2009 -Nov. 1, 2010 avg. sold price $206,036
Up 3.7%

Nov. 1, 2008-Nov. 1, 2009 total dollar sold $24,136,000
Nov. 1, 2009-Nov. 1, 2010 total dollar sold $43,885,000
Up 81.8%

Units sold 2008-2009 135
Units sold 2009-2010 213
Up 57.8%

LAKEFRONT AND LAKE ACCESS (same dates)
Average sold price 2008-2009 $131,890
Average sold price 2009-2010 $159,094
Up 20.6%

Total Dollar sold 2008-2009 $ 36,008,000
Total Dollar sold 2009-2010 $56,478,000
Up 56.8%

Units 2008-2009 273
Units 2009-2010 355
Up 30%