Based on what we're seeing so far, buyers have been much more aggressive in 2009 as compared to last year. If you've been waiting to buy until your late summer vacation, you may have already missed out on some of the best cabins on The Manistee, in particular. Just this weekend, we put together deals on two more Manistee River cabins to go along with the two we've already sold this year. That's more than half of our inventory already gone!
Even more interesting is the ratio of list to sale price has been very impressive. It's taken a while for sellers to reduce their prices to reflect market
conditions, but it appears many list prices are now reflecting fair market values, at least on The Manistee. Here's the run down on the cabins pictured to the left from top to bottom. You may recognize one or more as a place you've had your eye on.
conditions, but it appears many list prices are now reflecting fair market values, at least on The Manistee. Here's the run down on the cabins pictured to the left from top to bottom. You may recognize one or more as a place you've had your eye on.
Top left; Sold! Was listed for $325,000 and sold for full price at $325,000 with multiple offers in place. Second from top; Sold! Was listed for $139,900 and sold for $135,000. Third from the top; Sale Pending! Is listed for $237,500, but I cannot divulge the sales price until close. The bottom property on the left is listed for $199,900 and has an accepted offer to purchase for an undisclosed amount.
Hopefully you haven't missed out on one of these properties. With the warm weather now upon us and more people travelling north to take their summer vacations, the real estate market is really heating up. We look forward to hearing from you soon so we can help you find just the right property.
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