Monday, October 10, 2011

3 Month Market Update!

The data below is for Barry County and for Single Family Residential Homes only!

From July 1st 2010 - September 30th 2010: 127 Homes were sold at an Average Sale Price of $121,867.

From July 1st 2011 - September 30th 2011: 169 Homes were sold at an Average Sale Price of $115,270.

This data shows many buyers are still purchasing homes into the Fall Season. This is great news for current sellers, as there is still activity happening within the Barry County Market.

While the Average Price has dropped from 2010 numbers, we feel that much of that is contributed by the slight increase in Foreclosure listings, with very discounted prices.

The overall Real Estate Market is still seeing a lot of active buyers. Miller Real Estate's agents have multiple pending closings going into the Fall Season. This is GREAT news as usually this time of year the Real Estate Market usually slows. There are still many homes for sale, the homes receiving the most showings and activity are usually attracting Multiple Offers. We have found that most of this activity is in the Foreclosure Market as these homes are usually deeply discounted. Price, we have found, is still the ultimate factor in buyer's behavior on buying current listings.

If you are ready to Buy or Sell, don't let the winter months ahead discourage you. Miller Real Estate is seeing a good amount of activity that is likely to last into the snow of upcoming Winter.

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