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Onsted,Lenawee,Irish Hills,Jackson,Lakehomes,Vacation retreats,Foreclosures Update Area Report

By
Real Estate Agent with Howard Hanna Real Estate Services

The past few weeks have indeed been interesting in the Brooklyn-Jackson Irish Hills area. Unexpected things are happening . With all of the negativity out there our market seems to be holding its own ! The foreclosures that are out there are under contract at a record pace. They are not affecting the lakefront homes at all. When the snow started to melt the calls shifted into high gear for Lakefront home tours. Potential buyers coming from out of State areas are still a very large draw.

I also want to give some kudos to our office as a whole . Our statistics are beating those of last year so far . More homes under contract ,more closings and a record number of scheduled closings.

We had 43 showings scheduled over this past weekend. Great job to all our Re/max associates.

Don't get me wrong the median home prices have still continued a downward spiral, but it is no inhibiting the sale of homes if they are priced at there market value they will sell. There are some really great deals out there now. If you have the means and credit to buy the rewards may be great in the future.

Also an update on the short sales , the ones in the 100-140k range are creating a multiple bidding war. These transactions take longer to close but it seems the consumers with the HUD and Rural Development Loans think they are worthwhile to wait for.

Stay Tuned for out next update hopefully the positive news keeps coming.

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