Interested in how the market was doing in June 2016?

Homes Sold – 73 (up by 8 from the previous month)

Location Breakdown:
Alanson– 4 Homes
Bay Harbor – 6 (5 Condos, 2 Water front)
Brutus– 1 home
Conway – 1 Condo (Water front)
Harbor Springs – 26 (7 Condos Total, 2 Water front homes, 1 Water access condo)
Levering – 1
Pellston – 1
Petoskey – 33 (10 Condos Total, 2 Water front condos)

• The average marketing time for homes/condos sold in June 2016 was 171 days.
• The longest marketing time required was 1,463 (a Harbor Springs condo) while the shortest was 7 days.
• 3 homes sold before listed, 1 sold after expiring off the market.
• The highest list price of homes sold in June 2016 was $2,500,000 while the lowest list price was $43,000.
• The average list price was $276,879.
• The highest sold price in June 2016 was $1,950,000 while the lowest sold price was $35,000.
• The average sale price was $250,784.
• Total active list volume for June 2016 was $20,212,199 while the total sales volume was $18,307,300.Vacant Land Sold – 17 units sold, 3 units 10 acres +Location Breakdown:
  Alanson– 2 lots ( 1 100′ Water front lot)
  Bay Harbor – 1 lot
  Harbor Springs – 7 (One 10 acre parcel)
  Levering – 2 (One 10 acre parcel)
  Pellston – 2 (One 40 acre parcel and one just under 10 acres)
  Petoskey – 3

• Marketing time required for vacant land sold on average was 312 days.
• The longest marketing time was 999 days and the shortest was 31 days for sales occurring in June 2016.
• The highest list price of property sold in June 2016 was $175,000, the average price was $36,659 and the lowest price was $1 (3 lots sold for just $1).
• The highest sale price was $147,500, the average was $31,382, and again the lowest sale price on 3 different properties was just $1.
• The total volume of property sold in June 2016 was $533,503.

Data provided by the NMMLS. Compiled for you by Fairbairn Realty. Call 231-548-9336 or email admin@fairbairnrealty.com with any questions.