Interested in how the market was doing November 2016?
43 Homes Sold – (down 16 homes sold from the previous month)
Location Breakdown:
Alanson – 2 Homes
Bay Harbor – 4 Condos (2 Condos with Water Access)
Brutus – 1 Home
Carp Lake – 2 Homes (1 with Water Access & 1 with Water Front)
Harbor Springs – 13 Homes (Including 6 Condos & 1 Water Front Home)
Mackinaw City – 2 Homes
Pellston – 2 Homes
Petoskey – 17 Homes (Including 4 Condos -1 with Water Front & 2 Homes with Water Front)
- The longest marketing time required for homes sold in November 2016 was 890 days.
- The shortest marketing time was 10 days.
- The average marketing time was 205 days.
- 1 home and 1 condo were sold before listed.
- The highest list price of homes sold in November 2016 was $1,690,000.
- The lowest list price was $23,000.
- The average list price was $294,972.
- The highest sale price of home sold in November 2016 was $1,545,000.
- The lowest sale price was $20,000.
- The average sale price was $273,617.
- The total sales volume for November 2016 was $11,765,552.
- Nearly all sales were done through conventional or cash means. Just one sale went Rural Development, one went through MSHDA, and one through HELOC.Vacant Land Sold – 15 lots sold, 6 properties over 10 acresLocation Breakdown:
Alanson– 3 properties (One 9.07 property, One 40 acre parcel, One 5 acre property)
Bay Harbor – 2 lots
Cross Village – 1 lot
Harbor Springs – 4 properties (1 lot with Water Access, One 70.33 acre piece, One 34 acre piece, One 20.40 acre piece)
Pellston – One 40 acre parcel
Petoskey – 4 properties (2 Water Front Lots & One 12.81 acre piece)
- The longest marketing time required for property sold in November 2016 was 1160 days.
- The shortest time was 17 days.
- The average marketing time required was 230 days.
- One property sold before listed (Pellston).
- One property sold after expired (Cross Village).
- The highest list price of property sold in November 2016 was $225,000.
- The lowest list price was $5,000.
- The average list price was $87,933.
- The highest sale price of property sold in November 2016 was $197,450.
- The lowest sale price was $100.
- The average sale price was $78,183.
- The total sales volume for property sold in November 2016 was $1,172,750.
Data provided by the NMMLS. Compiled for you by Fairbairn Realty. Call 231-548-9336 or email admin@fairbairnrealty.com with any questions.