Lapeer Michigan Real Estate Market

By
Real Estate Broker/Owner

statsCity of Lapeer, Lapeer County, Michigan 48446
market conditions, price trends, statistics
01/16/2011

Real estate market for Lapeer as of 01/09/2011:
* there are about 233 properties on the market - down 1% from
   last week
*
median single family home price is at $118,975 - that's down 1%
* with a market action index at 16.39, Lapeer is currently a buyer's
   market
* average property has been on the market for about 220 days -
   up 1% from 01/02/2011
* median price per square foot for homes is about $79 - down 2%
   from last week

Solds this week:
* 1431 Indian Rd, $550 (lease) - 900 sq.ft
* 1295 S. Elba Rd, $925 (lease) - 1300 sq.ft
* 805 N. Calhoun St, $12,000 - 1950 sq.ft
* 914 N. Main St, $26,000 - 1500 sq.ft
* 1265 Saginaw St, $91,500 - 1770 sq.ft
* 1390 Lincoln St, $93,500 - 1414 sq.ft
* 79 Rosemary St, $105,000 - 1868 sq.ft

New listings this week:
* 543 Clay St, $29,000 - 4 bedrooms & 1 bath - 1469 sq.ft
* 265 S. Saginaw St, $39,000 - 4 bedrooms & 1.5 baths - 2323 sq.ft
* 706 N. Main St, $50,000 - 5 bedrooms & 2 baths - 1372 sq.ft
* 1325 2nd St, $69,900 - 3 bedrooms & 1 bath - 1200 sq.ft
* 303 S. Saginaw St, $69,900 - 3 bedrooms & 1.5 baths - 1341 sq.ft
* 1431 Sheridan Ct, $99,900 - 2 bedrooms & 2.5 baths - 1210 sq.ft
* 695 Lamoreaux Dr, $108,000 - 3 bedrooms & 1.5 baths - 1008 sq.ft
* 593 Rolling Hills Ln, $129,900 - 2 bedrooms & 2 baths - 1239 sq.ft
* 254 S. Saginaw St, $134,900 - 5 bedrooms & 2 baths - 2240 sq.ft

Real estate is governed by the law of supply and demand. This rule is absolute and without exception. The appreciation of a market, the expectations of buyers and sellers, and the velocity of market sales are all dictated by the supply of, and the demand for, real estate for sale. (dirk zeller)

If living in town appeals to you, then let's talk about how to make that dream a reality in the City of Lapeer. To find out the value of your home, property or business, questions about real estate or mortgages, contact me direct at 810-338-0628 or dhorne@cbshooltz.net TODAY!
references: altosresearch, bing

Don't wait to have the affordable home of your dreams. Call me at 810-338-0628

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Rainer
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Donald Horne

Team Success Listing LLC
Lake Orion to Lapeer, Your Local Realtor! Questions?
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