Wednesday, August 31, 2011

3 Month Market Update!

This data below is from all of Barry County. This only includes Residential sold properties.

From April 1st - June 30th 2010 180 Homes were sold at an Average Sale Price of $105,216.

From April 1st - June 30th 2011 157 Homes were sold at an Average Sale Price of $119,896.

This news looks very promising, and while all markets are different, Miller Real Estate tries to shed light on our specific area with real time Barry County data.

What is truly remarkable is even though the period in 2010 had a higher number of homes sold, the period of 2011 had a higher Average Sale Price with fewer homes sold.

The market is seeing a lot of active buyers and few active sellers. Most of today's buyers are looking for a great deal on a good solid home. With those "Great" homes being listed few and far between, we are seeing multiple offers on all listings; Foreclosures, Short Sales, Normal Listings, and REO's. Buyers should be prepared to make any offer knowing there could be this multiple offer situation.

Miller Real Estate still has multiple Pending sales, and is working with several buyers into the month of September. We hope this trend continues into the Winter months of 2011.

If you have any questions please call an agent of Miller Real Estate @ 269-945-5182
There was an error in this gadget

Barry County

Barry County
Click Picture to View Website

State of Michigan

State of Michigan
Click Picture to View Website