Metamora MI, Real Estate Market Report For August 2013

Metamora MI, real estate market report for August 2013.

Real estate market data for Metamora MI, provided by Donald Horne, Team Success Listing / Associate Broker for Coldwell Banker Shooltz Realty.

The homes available for sale in the last 35 days range from 3 bedrooms to 5 bedrooms, 1000 sq.ft to 6898 sq.ft and range in price from $105,000 to $1,700,000...

On market listings: 15
Average list price: $439,887
Average days on market: 154.4
Sold listings: 4
Average sold price: $232,675
Average days on market: 26.5
Total listings in the last 35 days: 19
Average list price: $394,895
Average days on market: 127.5

Median mortgage debt: $153,792
Total Active Listings: 73 (vacant, commercial, multi-family, residential)
Foreclosures and short sales: 2.7% of total listings
Percent of owner occupied properties is 17.2% above the national average

Sample of Homes For Sale:

3644 Winding Pine Dr, asking $399,999 / 3302 sq.ft colonial with 1 acre
2953 Farmers Creek Rd, asking $419,900 / 2400 sq.ft home with 3 bedrooms
2210 W. Brocker Rd, asking $424,900 / 3415 sq.ft cape cod with 10 acres
4 Chelsea St, asking $999,000 / 5200 sq.ft ranch with 5 bedrooms
5631 Baldwin Rd, asking $1,750,000 / 4500 sq.ft colonial with 222 acres

Sample of Homes Sold:

1426 Pebble Creek Dr, sold for $102,000 / 3% over asking
4496 Brown Rd, sold for $228,800 / 1% under asking
3620 Timber Ridge Dr, sold for $455,000 / 2% under asking

Summary:

Current inventory in Metamora is 3.7 months, a normal market is about 6 months of inventory. Anything under 5 months is considered a sellers market, above 7 months is considered a buyers market.

If you are seriously thinking of selling your Metamora home, contact me at 810-338-0628 or if you are looking to buy in Metamora, contact us at 248-969-8065 or donaldhorne.realtor@gmail.com TODAY!

Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
Read Donald's Blog Here