Home > Blogs > Stefan Scholl > Northern Michigan Real Estate

Northern Michigan Real Estate Sales - March 2007

By Stefan Scholl

Real Estate Broker/Owner with Buyer's Broker of Northern Michigan, LLC

April 14, 2007 07:41 AM

Residential Sold Information for March, 2007

2006                               2007
Number of Sales      87                                   78
Average Selling Price $276,566                     $208,254
Median Selling Price $162,000                     $127,350
Units on Market    1987                               2173
____________________________________________________________________________
# of sales              Avg Price  Median Price
Antrim County
               4
$103,725          $91,000
Charlevoix County                                25
$130,410        $105,000
Emmet County                                36
$311,004        $185,887
Cheboygan                                  4
$175,687        $147,625
All other counties                                  9
$ 74,422         $ 71,000

               2006 YTD
                                                  2007 YTD


             Sales
Average      Median    Sales   Average    Median
ALL AREAS
              208 $297,111 $157,500  178   $227,131   $137,500
Antrim County
                 8 $107,959 $ 91,500    12   $ 86,350     $ 76,450
Charlevoix Cty
                82 $301,005 $165,250    65   $211,151 $117,910
Emmet County
                86 $375,711 $167.000    79   $290,883 $183,000
Cheboygan County
                18 $136,426  $ 90,000    10   $193,330   $153,500
All other Counties
                14 $220,845 $166,500    12    $ 62,933    $ 55,450

Note: Based on information obtained from the Northern Michigan Multiple Listing Service for the period from nuary 1, 2006 - March 31, 2007.

Comments(2)

Comment

Show All Comments

Sort:

Gary Smith

Agent Marketing Today - Commerce Township, MI

Wow, what a drop in median sale price! Must have really been bad in Cheboygan in March 2006.

Apr 16, 2007 01:31 AM

Stefan Scholl

Buyer's Broker of Northern Michigan, LLC - Petoskey, MI

Northern Michigan Real Estate

Gary,

While we have been seeing slowing volume for some time, it does appear as though we are also now seeing significant pricing pressure. Buyers are in command in this market, with a number of attractive opportunities available.

Apr 17, 2007 02:07 PM

Northern Michigan Real Estate Sales - March 2007

Comments(2)

Stefan Scholl

Real Estate Resources

Recent Posts

Additional Information