So far too date we have posted only 7 lake lot sales in Douglas County for the first half of 2009 with a total sales volume of $632,566 (Average of $90,366/lot).  The first half of 2008, we posted 13 lake lot sales with a total sales volume of $2,029,150 (Average of $156,088/lot).   The highest priced sale in the first half of 2009 was $138,500.  The highest priced sale in the first half of 2008 was $315,000.  

Total Lake Lot Sales in Douglas County going back in time:  For 1995-28,   1996-37,   1997-27,   1998-59,   1999-70,   2000-54,   2001-67,   2002-66,   2003-59,   2004-76,   2005-56,   2006-64,   2007-64,   2008-28.

At the present rate of sales, we are about half of what we did in 1995/2008.  Those years weren’t great for sales, looks like 2009 may go down as the worst ever.  Great news for Buyers, Bad news for Sellers!  As of this morning we had 419 for sale in the MLS with 293 being in Douglas County.  Plenty of inventory, affordable interest rates and great pricing.  What a different world from 5 years ago.  The next 5 years will be good for us too.  If I may speculate…There will be more people coming, prices will eventually go back up, the American economy will improve, unemployment will go back down, housing construction will recover(with a vengeance) and the world will keep spinning around.

Statistical information provided by the Greater Alexandria Area Association of Realtors Multiple Listing Service.