lake country DETACHED - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 14.2 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2024
▲ 12% VS 2024
▲ 29% VS 2024
▼ 14% VS 2024
There were 128 detached listings in Lake Country in February, 14% above January and 12% higher than February 2024. February detached home sales remained the same month-over-month, at 9, and were 29% above February 2024. The months of inventory for detached in the Lake Country, at 14.2, reflected a buyers' market. The detached median price in February was $1,051,000, a 9% increase from January and 14% below February 2024. The average sold price was $1,201,767, 35% above last month and up 2% to February 2024.
THIS MONTH No. $1,201,767 $1,051,000 14.2 9 128
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,173,072 $1,225,000 16.3 7 114
2% -14% -13% 29% 12%
$889,141 $960,000 12.4 9 112
35% 9% 14% 0% 14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
174
96
165
184
93
180
158
178
145
152
128
128
114
112
102
50
22
18
15
15
14
13
12
11
10
9
9
9
7
$1.23M
$1.21M
$1.16M $1.15M
$1.05M
$995K
$995K
$1.00M
$973K
$960K
$926K
$930K
$792K
Feb-24
Jan-25
Feb-25
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
16.0
25
14.0
20
15
7.0
5.7
10
5.0
5
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3.0M+
MOI INVENTORY SALES
0 6 n/a
1 5 5.0
2 28 14.0
3 17 5.7
2 14 7.0
0 9 n/a
0 9 n/a
1 16 16.0
0 10 n/a
0 14 n/a
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 15 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online