Lake County Real Estate Blog

Hi To All,

2008 is now behind us and I've got the numbers to prove it. I just posted the new Lake County Sales Chart so that you can see for yourself how the year went overall.

Predictions for 2009 are not very positive but, if you look at the stats I've included, the actual number of sales in 2008 are down only about 2.8% from 2007 so there is reasonably good buying activity. Home prices are down significantly, especially when comparing Dec. '07 to Dec. '08 (be sure to see the stats below the chart as well).

If you are looking to purchase for the long term, the market can be looked at in a positive light as prices are excellent right now. Investments are being made for the future. I am hoping that the new administration now in Washington will focus more on Main Street and less on Wall Street so that help truly comes to those homeowners who need it and foreclosures finally begin to dissipate this year. Let's hope we really get the "change we can believe in".

Thanks very much and Happy New Year! - Steve McKenzie