Hi Neighbor,
When every agent would be eager to earn your business, we’re hoping you’ll choose us. We’re constantly monitoring the market so that we may of service to you, should the time ever come that you need us. Below is data collected from the Northern Michigan MLS as of 12/31/2022, organized and interpreted by us.
Residential Data of All Sales (607)
- $623,009 – average list price of sales
- $612,065 – average sales price
- $400,000 – median sales price
- 73 – average number of days spent on market (including time from listing to closing)
| HIGH | LOW | AVERAGE | MEDIAN | |
| LIST PRICE | $7,299,000 | $49,900 | $623,009 | $399,900 |
| SALE PRICE | $6,500,000 | $45,000 | $612,065 | $400,000 |
“Residential Data of All Sales” includes all homes and condominiums sold throughout Emmet County.
Condominium Sales 2022
Residential Data of All Condominium Sales (160)
- $506,683 – average condominium list price
- $504,003 – average condominium sales price
- $353,500- median sales price
61 – average number of days spent on market
Condominium Sales Continued…
| HIGH | LOW | AVERAGE | MEDIAN | |
| LIST PRICE | $3,950,000 | $75,000 | $506,683 | $349,900 |
| SALE PRICE | $4,000,000 | $75,000 | $504,003 | $353,500 |
| ALANSON | BAY HARBOR | CONWAY | HARBOR SPRINGS | ODEN | PETOSKEY | |
| TOTAL SALES | 3 | 36 | 3 | 59 | 5 | 54 |
| AVERAGE DAYS ON MARKET | 40 | 48 | 19 | 78 | 136 | 47 |
| AVERAGE LIST PRICE | $670,000 | $809,694 | $156,633 | $466,655 | $637,000 | $346,719 |
| AVERAGE SALE PRICE | $727,000 | $774,375 | $159,666 | $472,477 | $614,200 | $354,738 |
| MEDIAN LIST PRICE | $599,000 | $579,500 | $159,900 | $335,000 | $649,000 | $289,500 |
| MEDIAN SALE PRICE | $615,000 | $540,000 | $156,000 | $344,000 | $589,000 | $325,000 |
“Residential Data of All Condominium Sales” includes all condominiums sold throughout Emmet County.
Home Sales 2022
Residential Data of All Home Sales (447)
- $664,647 – average list price
- $650,744 – average sales price
- $415,000 – median sales price
- 78 – average number of days spent on
market (including time from listing to closing)
Home Sales Continued…
| ALANSON | HARBOR SPRINGS | PETOSKEY | |
| TOTAL SALES | 58 | 146 | 180 |
| AVERAGE DAYS ON MARKET | 67 | 97 | 63 |
| AVERAGE LIST PRICE | $377,135 | $758,501 | $600,943 |
| AVERAGE SALE PRICE | $376,781 | $748,600 | $593,308 |
| MEDIAN LIST PRICE | $269,950 | $572,000 | $419,500 |
| MEDIAN SALE PRICE | $269,375 | $566,250 | $417,000 |
“Residential Data of All Home Sales” includes all homes sold throughout Emmet County.
Coldwell Banker Fairbairn Realty by the Numbers 2022
- $30,866,000 – dollar volume of sales by CBFR (Our best year ever!)
- $1.6 million – the sale price of the 2nd highest priced home sold on Crooked Lake in 2022 by CBFR
- 44% – market share of lot sales on Crooked Lake by CBFR (more than any other office by 28%)
- 50% – market share of sales on Pickerel Lake by CBFR (no other office represented multiple sales)
- $500,000 – sale price of the highest priced home sold on the Crooked River of all time (listed by CBFR 2022)
- $1.2 million – the sale price of the highest priced home sold on Douglas Lake of all time (listed and sold by CBFR 2022)
- 50% – market share of sales on Douglas Lake by CBFR (no other office listed more on Douglas Lake 2022)
Data collected from the Northern Michigan MLS as of 12/31/2022, organized and interpreted by Coldwell Banker Fairbairn Realty.
As a real estate agency, we’re constantly monitoring the market so that we may of service to you, should the time ever come that you need us. Enclosed is data collected from the Northern Michigan MLS as of 12/31/2022, organized and interpreted by us. We hope you find it as interesting as we do!
Why us?
- Fairbairn has been a trusted name in Northern Michigan for over 125 years.
- Coldwell Banker has been guiding people home since 1906.
- Our marketing plan cannot be beat. We do more marketing than any other office.
- We know and understand this market and how best to position you in it.
- Our Owner/ Broker Paul Fairbairn was born and raised in Northern Michigan and knows the area better than any other agent.
So, all of this is to say, if you have been considering listing your home or property. Please call us. We want to help you get the most money for your investment and we know how to do it.
Thank you,
Coldwell Banker Fairbairn Realty