Wednesday, January 12, 2011

December Market Update

The overall market dropped from 2009 to 2010 in December. 2010 overall was much better than 2009, and we hope this December drop will not continue into 2011.
Below are the results!

- December 1st to December 31st of 2009 we saw 44 homes sold in Barry County. The average sale price of these homes was $100,058.

- December 1st to December 31st of 2010 we saw 30 homes sold in Barry County. The average sale price of these homes was $91,183.

We feel that most of this was due to the First Time Homebuyer Tax Credit. While there are more and more foreclosures on the market daily, we are seeing a rise in activity over the $100,000 price range. We feel that many homes that have been listed over some time with no activity, will start to see some increase because of buyer confidence! Many buyers who could have bought over the $100,000 price range in the last 2 years, are now more secure with their financial standing and jobs to make the leap and purchase Real Estate.
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Barry County

Barry County
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State of Michigan

State of Michigan
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