Interested in how the market was doing in January 2017?
Homes Sold – 43 (down 9 homes sold from the previous month)
Location Breakdown:
Alanson – 6 Homes
Bay Harbor – 1 Home & 1 Condo with Water Front
Brutus – 2 Homes
Carp Lake – 2 Homes
Conway – 1 Home
Good Hart – 1 Home
Harbor Springs – 12 Homes (incl. 1 Condo)
Levering – 1 Home
Petoskey – 16 Homes (incl. 2 Condos)
List Data:
- The longest marketing time for homes sold in January 2017 was 973 days.
- The shortest marketing time was 0 days and the average marketing time was 203 days.
- The highest list price of homes sold in January 2017 was $11,495,000.
- The lowest list price of homes sold was $69,000.
- The average list price of homes sold was $874,469.
Sales Data:
- The highest sale price of homes sold in January was $10,750,000.
- The lowest sale price was $54,500.
- The average sale price was $822,471.
- The total sales volume for homes sold in Emmet County for January 2017 was $35,366,278!
4 homes were sold after they expired off the market and 1 home sold before listed. 26 of the home sales were conventional mortgages, 1 went through the VA, 13 home sales were cash, 1 FHA, and 2 went land contract/lease purchase
Vacant Land Sold -8 properties sold ( same as previous month)
Location Breakdown:
Harbor Springs – 3 properties (including 2 waterfront on Lake Michigan)
Levering – 1 Waterfront lot
Pellston – 1 (40 acre parcel)
Petoskey – 3 (including 1 40 acre parcel)
Marketing Data:
- The longest marketing time for properties sold in January 2017 was 698 days.
- The shortest marketing time was 0 days.
- The average marketing time was 330 days.
- 2 properties were sold before listed.
- 1 property sold after it expired off the market.
List Data:
- The highest list price of properties sold in January 2017 $500,000.
- The lowest list price of property sold was $27,000.
- The average list price of property sold was $124,000.
Sales Data:
- The highest sale price was $500,000.
- The lowest sale price was $19,000.
- The average sale price was $116,375.
- The total sales volume of property sold in January 2017 was $931,000.
Data provided by the NMMLS. Compiled for you by Fairbairn Realty. Call 231-548-9336 or email admin@fairbairnrealty.com with any questions.