Real Estate Market Conditions for April 2012
Gladwin County is located in rural Northern Michigan and is conveniently located within 3 hours of Detroit
and 2-2.5 hours of Flint and Lansing making it easy to come "Up North"
for the weekend. But, we encourage you to stay longer. After visiting
Gladwin you will want to spend much more time here! Gladwin, Michigan
is an area popular for its scenic lakes (including Wixom Lake and
Secord Lake), plentiful state land, quaint parks, Amish communities and
down town shopping. Gladwin is primarily
a second home/resort community due to the amount of waterfront homes.
Gladwin, Michigan has real estate to accommodate every buyer from very
affordable cabins to luxurious homes. As a life long resident of Gladwin
County I know the area well and the real estate market even better!
Secord Lake Waterfront
3797 West Branch Drive, Gladwin
MLS #157105 $157,900
80 Acre Wooded Paradise
240 Hilts Road, Gladwin
MLS #157018 $309,900
The real estate market conditions
in Gladwin, Michigan along with most areas of Michigan, remain
challenging, but appear to be stable! There is a slightly improving
economy, less days on market but a lack of qualified buyers remains. If
you are interested in buying your first home or your vacation home, it
is a fabulous time to buy! Interest rates are still low for qualified
buyers, and there is a lot of inventory to choose from. Homes are more
affordable then they have been in years! Buyers: Get in the market early
and avoid other buyer competition. Sellers: Selling season is here and
your home needs exposure so lets it on the market today if you are
serious about selling. Homes do sell all year long!
Here are the latest real estate market
conditions for Gladwin, Michigan and the surrounding areas of
Beaverton, Harrison, Clare, Rhodes, Bentley, Wixom Lake and Secord Lake.
In April I had 3 closings and I have 10 now.....the busy selling season
has arrived!!
The Clare/Gladwin Board of Realtors currently has 981 homes for sale through the Multiple Listing Service
(MLS) and 142 of those were new to the market in April. The number of
new listings is 4 more than last month. The average asking price of the
homes currently on the market is $112,281 and the average days on market
for those homes has been 284 days. These stats are only slightly
different than the last 2 years clarifying my theory that the Gladwin,
Michigan real estate market conditions are stable! Residential asking
prices range from $9,777 - $950,000.
During the month of April we saw 48
homes sell/close in Gladwin, Michigan. This is 9 less than in March. The
average asking price was $89,173. The average sales price was $80,060
and the average days on market for these homes was 268 days. The sellers
received an average of 89.8% of their asking price. The average days on
market is 5 days more than last month.
In Gladwin 28 homes expired from the market unsold
in April. The main reason homes don't sell during their listing period
is that they were priced incorrectly for the real estate market
conditions and or condition of the home. In any market it is imperative
that a listing be priced as competitively as possible for its condition
in order to have the best chance of selling. To learn more about why
homes expire from the market
visit this link to a page on my website. If you're thinking about selling your Gladwin area home one very important fact to know about your
real estate market conditions is the absorption rate. The absorption rate will tell you how long it will take for the current inventory of homes in
Gladwin, Michigan
to be absorbed by the market if no other homes come on the market. The
absorption rate for April is 1.7 years! If you want your Gladwin,
Michigan area home sold you need to know this number to help you price
your home accordingly.
