The overall trend of luxury real estate sales in 2009 showed improvement over 2008.

The total number of Montreux homes sold significantly increased year-over-year, yet the pressure on prices was evident.

There was a total of 17 Montreux homes sold in 2009--an increase of 30% compared to the full-year 2008. Additionally, 5 custom Montreux lots were sold. This represents a 40% increase in Montreux custom lots compared to the previous year.

Although overall sales numbers increased in 2009, home prices dropped. The average price per square foot for the Montreux homes sold in 2009 dropped by 30%, in comparison to 2008.

With the correction in prices, many of the buyers in 2009 found Montreux real estate and Montreux custom homes now represented an incredible value.

Of the 22 Montreux 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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If you have any questions, or would like to visit Montreux, please contact me today!