Tuesday, April 24, 2012

3 Month Barry County Market Update!

This data is for all of Barry County and only includes Residential Single Family Homes.

From January 1st 2011 - March 31st 2011 there were 119 Homes sold at an Average Price of $94,586.

From January 1st 2012 - March 31st 2012 there were 131 Homes sold at an Average Price of $111,746.

* We are having a Great start to 2012. Miller Real Estate's Agents have many sales pending, buyers looking, and new listings coming on the market.

* It is very encouraging to see the amount of activity taking place in the Barry County Real Estate market. While September through February are usually slower months, Miller Real Estate and its' agents were busy the whole time showing and selling homes. While the warmer weather could be a significant factor in this, we feel overall that the population of Barry County is feeling fairly economically secure.

* The market as a whole, is currently seeing fewer Foreclosure listings available in the market, which in turn is driving up the overall average selling price. While the average selling price is increasing, it does not mean that home values overall are increasing substantially.

* These are encouraging signs that we are in recovery mode in Barry County! Roads are being repaired, grants are being given to businesses for downtown development, vacant homes are being rehabbed, jobs are being added to Manufacturing / Service / Health industries, and overall we feel a sense of progress as we walk the streets of Barry County!

In the market for a home? Looking to sell? Contact a Miller Real Estate Agent today!

Wednesday, April 4, 2012

Banks are Destroying America’s Neighborhoods

Always wonder why you may see a house vacant for months on end? Ever wonder why a house is posted for Foreclosure but takes months to become listed?

Take a read of this Great Article out of Colorado! I am sure some of you have heard about the Foreclosure in Kent County that is sitting there with "Varmin." While really it is the new owners issue (The Bank).....this article may explain in better detail what the beast of a "Foreclosure" means.

While we hear of this data daily, it's all the more reason to commit to keeping your Mortgage local. The Local / Regional Banks have more compassion to the situation, and are always committed to keeping the local homeowners and market out of a dangerous Foreclosure territory. It's the larger National Banks that have so much more inventory which in turn, pushes them further towards what this article below explains!

Just another good example of a reason to shop local!
Banks are Destroying America’s Neighborhoods
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Barry County

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State of Michigan

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