We just wrapped up The 2013 Cottage and Lakefront Living Show at The Suburban Collection Showplace in Novi where we were an exhibitor. We've been attending the show for a few years now but there was definitely a different mood at the show this year. In years past we had more conversations with individuals dreaming of buying a property in northern Michigan or planning to look in future years. At this year's show we spoke with a tremendous number of people who recognize the market has turned and are anxious to get into the market before it once again gets out of reach for them! This echos the sentiments we've been hearing in our every day phone conversations and just about any analysis you read of market conditions throughout northern Michigan. I know REALTORS are notorious for embellishing a bit when talking about the strength of sales in their area, but I cannot stress enough how much information we're seeing that is pointing to a dramatic increase in sales and pricing moving forward. If you've been on the fence, it may be wise to take a hard look at getting in sooner rather than later. As an example, in The Grand Traverse Area, prices jumped 8% on average between 2011 and 2012. If that continues, a home that could have been purchased in 2011 for $200,000 will cost $251,942 next year. Those are real numbers worth considering. Thanks to everyone who stopped by our booth this year! It was great to speak with so many past and current and future clients. Enjoy what's left of the winter and let us know how we can help with any real estate needs you may have.
Monday, February 25, 2013
A Banner Year Coming for Northern Michigan Real Estate!
We just wrapped up The 2013 Cottage and Lakefront Living Show at The Suburban Collection Showplace in Novi where we were an exhibitor. We've been attending the show for a few years now but there was definitely a different mood at the show this year. In years past we had more conversations with individuals dreaming of buying a property in northern Michigan or planning to look in future years. At this year's show we spoke with a tremendous number of people who recognize the market has turned and are anxious to get into the market before it once again gets out of reach for them! This echos the sentiments we've been hearing in our every day phone conversations and just about any analysis you read of market conditions throughout northern Michigan. I know REALTORS are notorious for embellishing a bit when talking about the strength of sales in their area, but I cannot stress enough how much information we're seeing that is pointing to a dramatic increase in sales and pricing moving forward. If you've been on the fence, it may be wise to take a hard look at getting in sooner rather than later. As an example, in The Grand Traverse Area, prices jumped 8% on average between 2011 and 2012. If that continues, a home that could have been purchased in 2011 for $200,000 will cost $251,942 next year. Those are real numbers worth considering. Thanks to everyone who stopped by our booth this year! It was great to speak with so many past and current and future clients. Enjoy what's left of the winter and let us know how we can help with any real estate needs you may have.
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