There is a fine line between leaving money on the table and pricing your home well.
In our current market, we have very low inventory levels in many price points. This doesn not, however, mean that you can price your home higher than market value and expect it to sell. It is critically importnat that you take the advice of your Realtor and price your home within the parimeters of the homes that are selling in your area. It does no one any good to have a high priced home sit on the market. After a certain period of time on the market, buyers start to wonder what is wrong with your home that it has not sold in a sellers market.
No time like the present to get your home listed and sold
Call TODAY 231-944-9906 to speak to one of our Realtors about listing your home
Be sure to ask about our Hero Reward Program & our Doctors Program
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Weekly Market Statistics
01/27/2014 thru 02/02/2014
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121 New Listings
53 Closed Sales
237 Pending
Sales By Classification
36 Residential $35,000 to $900,000 Median $176,500 Mean $231,440
15 Vacant Land $4,000 to $175,000 Median $35,000 Mean $54,293
2 Commercial $135,000 to $144,900
Sales by Location
05 Antrim County
01 Benzie County
38 Grand Traverse County
01 Kalkaska County
08 Leelanau County
00 Wexford County
Expired Listings 77
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 486
Sales 02/13 to 02/14 1,078 02/12 to 01/13 1,055
Average DOM 125 or 4.2 Months
Value Direction Up 10.3%
Market Activity Up 2.3%
Inventory Supply 5.4 Months
Direct Water Homes All Values
Current Listings 143
Sales 02/13 to 02/14 137 02/12 to 02/13 188
Average DOM 1 or 6.3 Months
Value Direction Up 6.7%
Market Activity Down 27.1%
Inventory Supply 12.5 Months
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Activity is slowly on the rise, however inventory levels continue to contract creating opportunity for sellers. Properly pricing property is key to taking full advantage of the current market. There is a fine line between leaving money on the table by pricing too low and becoming shop worm by pricing too high. I have been observing buyers and seller in the Traverse City market for 36 years and would appreciate an opportunity to assist you in setting the correct price. I have several appraisal products for this purpose along with discount pricing for long term agreements. Why not have a value expert on your team, give me a call to discuss the details.
Respectfully,
Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser
Phone: 231.649.0877
Fax: 231.333.5078
Email: bob@teamreamer.com
Website: www.RobertJReamer.com
Real Estate Appraisal Services, Property Tax Appeal, Real Estate Consulting
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