Monday, July 15, 2013

Real Estate Market Conditions for Gladwin and Clare Area Homes

June Real Estate Market Snapshot for the Gladwin and Clare County Area Homes

Secord Lake Waterfront
3423 Lakeshore Drive, Gladwin $144,900
MLS #159491

Active Listings: 1116 (196 new listings came on the market in June)

Average Asking Price: $111,333

Average Days on Market : 233

Range of Asking Prices: $7,995-$875,000

Sold: 59 Sold in June (62 sold in May)

Average Asking Price of Sold Listings: $74,538
Average Selling Price of Sold Listings: $68,323

Average Days on Market of Sold Listings: 302 (45 days more than May)

Sellers Received: 91.6% of their asking price

 

Total Residential Sales Volume: $3,747,381 (down from $4,266,950 in May)
Listings Sold by Price Range
0-99,999: 47 (down 9 from May)
100,000-199,999: 10 (down 1 from May)
200,000-299,999: 1 (down 2 from May)
300,000-399,999: 1 (down 1 from May)
400,000 and above: 0 (same as May)

sonya looseSold in June!!  Wixom Lake Waterfront for $85,500
 
**37 Homes Expired off the Market in May

Absorption Rate = 1.5 Years


*This information was provided by the Clare/Gladwin Board of Realtors. The report was generated from the Multiple Listing Service, where all CGBR members' transactions are recorded. The report covers all the members' residential transactions for the month of January. Although there are no geographical boundaries defining members' service areas, the majority of CGBR transactions take place in Clare and Gladwin County.
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