Lake Shore Real Estate Market Continues Downward Trend in Contracts

Sales fell to 13 homes sold in the Lake Shore market over the last 30 days. Furthermore, a budding downturn in the number of pending transactions continued, with 17 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose to $387,000, up from last week's $375,000.

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Demographic facts about Lake Shore:

  • The average elevation is 42 ft.
  • The median income is $82,595 per household.
  • The student-to-counselor ratio is 349:1. (513:1 = national average)

Data reported through 10/12/2016

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