Barry County has stayed fairly stable in the economic climate we currently face! The county still has a GREAT Manufacturing presence with our service industry being quite large.
This does not change the fact that many foreclosures still hit the market on a daily basis. While these foreclosures are still a huge part of our Real Estate lives we do see a small increase in selling prices happening! The data below shows these figures...
Barry County Sold Properties.
Sold from July 1st - September 30th
2009: 159 Sold Properties / Average Sale Price of $103,500 / Average Days on Market of 128!!
2010: 120 Sold Properties / Average Sale Price of $107,450 / Average Days on Market of 110!!
This clearly shows a slight rise in Average Sale Price. You can see that the number of properties is slightly less for 2010. We feel this is attributed to the First Time Home Buyer Tax Credit in 2009. Many cheap properties were bought up and this shows that in the numbers above. Cheap Foreclosures = Lower Sale Price / Many Buyers = More Sold Properties!
We hope that the end of 2010 and into 2011 we will see some great activity and stabilization on the home buying front!
Thanks!
Wednesday, October 6, 2010
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Barry County
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