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Belle Creek Homes for Sale - April 2012 Monthly Minute By Jennifer Prestwich REALTOR®

 
After March's amazing upturn in Belle Creek home sales, April is holding steady.  While there were only two closed sales in the past 30 days, there are still 5 homes under contract.  These under contract homes will further shift the Belle Creek home values when they do close.
 
As of today, however, the numbers are still looking fairly steady:
 
The turnover rate for Belle Creek home sales in 5.1%.  This number is steady when compared to March, as well as when compared to April 2011. Average Days on Market for all homes is 74.  This number represents the number of days from the time a home is actively listed to the time a valid contract is signed by both buyers and sellers.  Once a contract has been signed, it is usually 30-45 days until it comes to a closed sale and the home is officially "sold". Average Days on Market for homes in Belle Creek under 1500 square feet was 30.  Larger homes saw an average of 130 Days on Market.  This is largely due to the number of distressed home sales above 1500 square feet, which take longer to officially go "under contract" as the bank must approve all contracts. Average ... more

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