Lake County Real Estate Report

The Lake County Asscociation of Realtors has recently reported over a ten percent increase in Median Home Sales Prices in 2014 compared to two years ago. In Lake County, prices rose from $149,000 in 2013 to $169,000 for 2014, a 13.4-percent increase. Foreclosures dropped from 10.5 percent in 2013 to 26.4 percent last year. The state average is 9.5 percent. Cash-only purchases made up 32.4 percent of the sales in 2014 which was down slightly from 34.9 percent of the sales in 2013.