Cold Winter and Spring have Delayed Harbor Springs Area Home Sales

Cold Winter and Spring have Delayed Harbor Springs and Petoskey Area Home Sales

While the general market shows real estate booming, we are seeing a slow start to sales in Northern Michigan - including the Harbor Springs and Petoskey area real estate markets - believed to be attributable to the colder winter and cooler spring.  However, we are also seeing listing inventories below previous years, which dampens sales, as buyers wait for their ideal home to come on the market.  So.... if you are thinking of selling... it is a great time to start marketing your home.  CALL OR TEXT ME:231-330-5102


 

ACTIVE LISTINGS

5/15/2014*

SOLD LISTINGS

2013*

SOLD LISTINGS

2014*

2014 Sold

Current Number for Sale

Average Asking Price

 

Sold 2013 thru 5/15

Average Selling Price 2013

Sold 2014 YTD

thru 5/15

Average Selling Price 2014

% of inventory

Birchwood Condos

9

$240,666

3

$256,250

2

$176,000

22.2%

Birchwood

Homes

26

$323,026

6

$270,833

3**

$484,633

11.5%

Harbor Springs Condos

102

$201,543

14

$173,975

11

$177,827

10.8%

Harbor Springs Homes

214

$713,638

54

$289,061

48

$258,986

22.4%

Emmet County Condos

231

$302,763

39

$214,642

33

$202,678

14.3%

Emmet County Homes

520

$649,870

147

$238,001

122

$227,142

23.5%

 * As reported in the Northern Michigan Multiple Listing Service

**   There are at least another 3 homes under contract in Birchwood, which would bring the percentage to 23%


It is a great time to sell or buy a home!

E-MAIL ME: Sue@RealEstateInHarborSprings.com or CALL OR TEXT ME:231-330-5102

Visit my website Sue's Website for more information or to create your own search - or use these handy links for customized property searches:

Click Here for Northern Michigan

Click Here for Harbor Springs Area

Click Here for Northern Michigan Waterfront

Click Here for Harbor Springs Area Waterfront

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Click Here for Harbor Springs Area Water View

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