August 2015 Real Estate Market Snapshot for Gladwin and Clare County Area Homes
Featured Listing!
Smallwood Lake Waterfront Home!
681 Lakeshore Drive, Gladwin
$135,000
MLS #164376
Active Listings: 1148 (141 new listings came on the market in August)
Average Asking Price: $115,368
Average Days on Market : 205
Range of Asking Prices: $4,900 - $695,000
Sold: 87 Sold in August (101 sold in July)
Average Asking Price of Sold Listings: $99,898
Average Selling Price of Sold Listings: $92,076
Average Days on Market of Sold Listings: 198 (24 days less than July)
Sellers Received: 92.1% of their asking price
Total Residential Sales Volume: $7,993,600 (up from $8,669,754 in July)
Listings Sold by Price Range
0-99,999: 46 (-12 from July)
100,000-199,999: 37 (up 1 from July)
200,000-299,999: 4 (down 3 from July)
300,000-399,999: 0 (same July)
400,000 and above: 0 (same as July)
**40 Homes Expired off the Market in August
Absorption Rate = 1.09 years
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