Interested in how the market was doing October 2016?
Homes Sold – 59 (down 14 homes sold from the previous month)
Location Breakdown:
Alanson – 8 Homes
Bay Harbor – 1 Home & 1 Water Front Condo
Boyne Falls – 1 Home
Harbor Springs – 22 Homes (incl. 3 Condos, 2 Water Front Homes & 2 Water Access Homes)
Pellston– 1 Home
Petoskey – 25 Homes (incl. 2 Condos & 2 Water Front Homes)
- The longest marketing time for homes sold in October 2016 was 1686 days.
- The shortest marketing time was 31 days and the average marketing time was 200 days.
- The highest list price of homes sold in October 2016 was $1,890,000.
- The lowest list price of homes sold was $29,900.
- The average sale price was $308,603.
- The highest sale price of homes sold in October was $1,750,000.
- The lowest sale price was $20,500.
- The average sale price was $283,798.
- 2 homes were sold before listed.
- While again, the majority of sales were conventional mortgages and cash. One home sold on land contract, 2 sold with FHA and one sold with Rural Development.
Vacant Land Sold – 16 units sold, 4 properties over 10 acres
Location Breakdown:
Alanson – 2 lots with 100� of Water Access
Bay Harbor – 1 Lot
Brutus– 1 property of approx.. 65 acres
Harbor Springs– 6 Lots
Pellston – 3 Properties (incl. two 15 acre properties and one parcel over 300 acres)
Petoskey– 3 Properties (incl. 1 Water Front piece on 12 acres)
- The longest marketing time for properties sold in October 2016 was 1820 days.
- The shortest marketing time was 0 days.
- The average marketing time was 537 days.
- 3 properties were sold before listed.
- The highest list price of properties sold in October 2016 $2,750,000.
- The lowest list price of property sold was $5,000.
- The average list price of property sold was $237,762.
- The highest sale price was $2,750,000.
- The lowest sale price was just $100 (for a lot in Bay Harbor).
- The average sale price was $232,225.
- The total sales volume of property sold in October 2016 was $3,715,600.
Data provided by the NMMLS. Compiled for you by Fairbairn Realty. Call 231-548-9336 or email admin@fairbairnrealty.com with any questions.