Saginaw Michigan Real Estate Market Stats

By
Real Estate Agent with Keller Williams Realty 6502364184

 

Year to Date Sales Report                                                                   8/24/2007 9:14:02 AM

Information provided by: Saginaw Michigan Board of Realtors

 

2007 as of August 24

2006 as of August 24

Difference

Sold Properties:

1289

1358

-69  (-5%)

Total Sales:

$127,870,747

$146,629,624

-$18,758,877  (-13%)

Avg. Sale Price:

$99,202

$107,975

($8,773)  (-8%)

Max Sale Price:

$745,000

$718,000

$27,000  (4%)

Min Sale Price:

$1,300

$2,000

-$700  (-35%)

Avg DOM:

124

124

0  (0%)

Avg Sq. Feet:

1,476

1,544

-68  (-4%)

Avg Price/Sq Foot:

$64

$68

-$4  (-6%)

Active Listings:

3257

3622

-365  (-10%)

Summary:

With almost 400 fewer properties for sale than this time last year, it appears Saginaw Michigan may be becoming somewhat less of a "Buyer's market", than in recent months. However there are still many foreclosure properties that may not be represented in the above statistics, which continue to effect the overall pricing structure for this market.

Homes are selling "if" they are "priced right" and actractively staged to maximize on a Buyer's first impression. Seller's need to be realistic in their expectations and motivated to sell. They should also realize that while they may not be able to sell their home for the price they would really like, chances are if they are "moving up", the home they ultimately purchase is most likey discounted by a similar percentage. Thereby effectively realizing a profitable gain in equity.

Are homes selling in Saginaw Michigan? The answer is "YES"!

Feel free to contact me anytime with your real estate questions for honest, straight-forward answers and suggestions.

Ray Spitler, GRI, e-Pro       (989)737-8042
Keller Williams Realty- Saginaw, Midland, Bay City Michigan
Website: http://MBShomes.com

 

Information Center       Automated Updates

**If you know anyone who is considering buying or selling real estate, your referral is the greatest compliment I can receive. Thank you!

 

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Anonymous
michelle

It appears that you are very knowledgeable in the real estate market. 

 

Aug 24, 2007 02:18 AM #1
Rainer
14,174
Ray Spitler
Keller Williams Realty - Plymouth, MI

Thank you. I am a detail oriented person and try to keep on top of what is happening in the real estate world.

As a professional I want to be able to relay pertinent information to my Client's so they can make informed decisions on their investment.

With all the changes currently taking place in the Mortgage industry on a daily basis, in addition to foreclosure activity, information is a valuable tool and what I feel compelled to provide to my Client's and website visitors.

 

Ray Spitler, GRI, e-Pro       (989)737-8042
Keller Williams Realty- Saginaw MI 48603
mailto:Homes@RaySpitler.com  Website: http://MBShomes.com

 

Information Center       Automated Updates

**If you know anyone who is considering buying or selling real estate, your referral is the greatest compliment I can receive. Thank you!

 

Aug 24, 2007 04:27 AM #2
Rainer
14,174
Ray Spitler
Keller Williams Realty - Plymouth, MI

Saginaw County Sales update

Sold Single Family Properties: (last 6 months) 788
Max. Sell Price: $779,000
Min. Sell Price: $600
Avg. List Price: $80,523
Avg. Sell Price: $75,625
Avg. DOM: 109
Avg. Discount: $4,898 (8.34%)
Avg. Sq. Feet: 1,510
Avg. Price/Sq. Foot: $46
May 18, 2010 08:33 AM #4
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Ray Spitler

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