Homes Sold – 66 (down by 7 homes sold from the previous month)
Location Breakdown:
Alanson- 7 Homes
Bay Harbor – 5 (3 Condos, 2 Water Front)
Carp Lake– 1 Water Front Home
Harbor Springs – 21 (7 Condos Total, 1 Water Front home, 1 Water Access Condo)
Levering – 1 Homes
Mackinaw City – 1 Home
Pellston – 2 Homes
Petoskey – 28 (9 Condos Total, 1 Water Front Condo and 1 Water Front Home)
- The longest marketing time for homes sold in July 2016 was 1158 days.
- The average marketing time needed was 179 days while the shortest was 0 days. (1 home and 1 condo were sold before listed.)
- The highest list price of homes sold in July 2016 was $2,685,000 while the lowest list price was $47,900 (Park Model RV).
- The average list price of homes sold was $349,984 in July.
- The highest sale price was $2,000,000.
- The lowest sale price was $47,000.
- The average sale price was $322,394.
The total sales volume of homes sold in July 2016 was $21,278,050.
Vacant Land Sold – 11 units sold
Location Breakdown:
Alanson– One 2.4 acre parcel
Bay Harbor – 1 acre lot
Harbor Springs – 3 lots
Levering – 1 lot
Petoskey – 5 lots
- The longest length of time required to market properties sold in July 2016 was 1440 days.
- The shortest marketing time was 21 days.
- The average marketing time was 489 days.
- The highest list price of property sold in July 2016 was $325,000, the lowest list price was $10,900 and the average price was $92,254.
- The highest sale price of property sold in July 2016 was $295,000, the lowest sale price was $9,000 and the average sale price was $82,000.
- The total sales volume for property sold in July 2016 was $902,000.
Data provided by the NMMLS. Compiled for you by Fairbairn Realty. Call 231-548-9336 or email admin@fairbairnrealty.com with any questions.