Jan. 11, 2007 - YEAR END MARKET STATS

YEAR END MARKET STATS - COMPARISON 2005 - 2006

Below are the year-end stats for properties within the Lakes Area MLS.  Information is based on MLS stats 1/1/2005 thru 12/31/2006.  You can see from the below numbers that all property values continue to increase and total sales remain strong.  Days on market  for sold properties remain relatively stable as well.  If you'd like more detailed information or would like to discuss your opportunity for investments in and around the Iowa Great Lakes Region, please feel free to contact me directly.

PROPERTY ON MARKET AT YEAR-END

2005 - 230   2006 - 898
Highest Priced:  2005 - $779,000    2006 - $6,400,000
Avg. Asking Price:  2005 - $83,000  2006 - $194,778
Avg. Days on Market:  2005 - 693     2006 - 291

YEAR-END TOTAL SOLD

2005 - 837  2006 - 569
Highest Sold:  2005 - $1,425,000   2006 - $3,530,032
Avg. Price Sold:  2005 - $181,703   2006 - $235,627
Avg. Days on Market Sold: 2005 - 212   2006 - 219

WEST LAKE SOLD

2005 - 49 properties sold for a total of $30,867,265
             Avg. West Lake Selling Price $629,944
2006 - 48 properties sold for a total of $31,491,300
             Avg. West Lake Selling Price $656,068

EAST LAKE SOLD

2005 - 92 properties sold for a total of $30,569,764
            Avg. East Lake Selling Price $332,280
2006 - 74 properties sold for a total of $31,245,060
            Avg. East Lake Selling Price $422,230

BIG SPIRIT LAKE

2005 - 24 properties sold for a total of $6,949,900
             Avg. Big Spirit Selling Price $289,579
2006 - 22 properties sold for a total of $8,719,400
            Avg. Big Spirit Selling Price $396,336