The beginning of the year is always an exciting time for us in the real estate industry. We look forward to taking on the challenges that each year brings and also look forward to analyzing how the first month of the new year compares to the previous year.
I couldn't wait until the end of the month to take a side by side peek at what the home sales are looking like in Macomb County MI so far this January.
|Macomb County residential homes sold||2008||2009|
|Number of homes sold from January 1st through 15th||181||210|
|Non-distressed sales (privately owned - not foreclosures)||81||57|
The number of homes sold in Macomb County during the first 2 weeks of this year has risen by 29 homes sold, but the bank owned homes (foreclosure - distress sales) still rule the roost so to speak.
Even though 210 homes sold during this period, only 57 of them are not foreclosures.
I can talk about how pricing is key until I feel there is nothing more to say on the subject, but the proof of the words are in the numbers above.
If you are a homeowner who truly needs or wants to sell the best advice I (or anyone else in this industry) can give you is to be ready to price your home competitively. Whether we like it or not, the foreclosures are selling at a greater pace. 57 of your neighbors in Macomb County took this advice seriously and have sold their homes within the first two weeks of the year in spite of the amount of bank owned homes on the market.
~Kris Wales~ A partner for your real estate needs in Macomb County MI
If you'd like to read more about real estate in Macomb County MI please visit me here.
**All homes sold data courtesy of Mirealsource™ and it's participating brokers and real estate agents. Information is thought to be reliable, but not guaranteed**