We have been quite busy showing off Montreux in all its summer glory! It’s a wonderful time of year to tour perspective Buyers and to hear their astonishment at what an exquisite treasure Montreux is! The common theme is prospects from California, fleeing the oppressive tax climate and looking for the “better life” in Montreux.
There has been some very positive activity in the Montreux Real Estate arena; following is a recap of where we are for the first half of 2012:
Montreux – “A Balanced Market”
Montreux real estate sales have continued on a steady pace of nearly 2 sales a month so far in 2012. There have been 14 home sales in Montreux this year, with an average sales price of $1,228,285. Seven of the 14 sales were over $1,000,000.
As for current inventory, there are currently only 30 homes on the market. To assess the current absorption rate (current inventory divided by sales), the resulted absorption rate is 47%. This rate indicates a 6 month supply of inventory and is characterized as a “balanced or transitional market”.
Montreux Home Sales:
6155 Lake Geneva — 6,015 SF ($1,190,000 list price)
20377 Bordeaux — 6,244 SF ($1,125,000 list price)
Montreux Pending Sales:
6180 Lake Geneva — 4,200 SF ($899,000 list price)
6564 Champetre — 5,609 SF ($1,998,000 list price)