Tag: Market
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Characteristics of Homebuyers in Emmet County
Coldwell Banker Fairbairn Realty conducted a study of the characteristics of homebuyers in Emmet County in the year 2022. 608 = Total homebuyers Period January 1, 2022–December 31st, 2022 Purchase Power · 44% of homebuyers were cash buyers · 53% of homebuyers purchased via mortgage · Remaining 3% of homebuyers used owner financing or Veterans Administration financing · 56%…
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A Deeper Dive into Sales Prices – Emmet County
Average Sales Price Median Sales Price 2018 $332,199 $225,000 2019 $340,703 $234,900 2020 $479,548 $298,500 2021 $541,830 $335,000 2022 $607,160 $400,000 Emmet County Residential Sales/ 2022 Figures as of September 20th, 2022/ Data provided by the Emmet Association of Realtors MLS and interpreted by Coldwell Banker Fairbairn Realty. After our previous blog post (click here…
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Residential Sales Comparison Pre-pandemic to Now.
Emmet Realtors Data We were curious to see how sales varied from before the pandemic until now. Anecdotally, we’ve observed an increase in traffic year-round which led us to wonder how many more people are here consistently, not just as resorters. We pulled data from the Emmet Association of Realtors monthly statistical reporting to review…
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Jobs: August, 2022
September, 7th, 2022 National Association of REALTORS Chief Economist Lawrence Yun’s reaction to the recent jobs report is below. On the local level – According to the Michigan Labor Market (www.milmi.org) July’s Michigan Jobless Rate was 4.2% compared to the US rate of 3.5%. Emmet County has an unemployment rate of 4.7% with a labor…
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Crooked & Pickerel Lakes – January 2020
There were no homes or lots sold on Crooked or Pickerel Lake in January, 2020. Based on information from the Water Wonderland MLS, Inc. and the Northern Michigan MLS, for the period (January 1st) through (January 31st). For detailed information, contact us here.