Gladwin & Clare County Homes Market Report for October

October 2013 Real Estate Market Snapshot for the Gladwin and Clare County Area Homes

Secord Lake Waterfront

3209 Lakeshore Drive, Gladwin

$97,900

MLS #159250

Active Listings: 999 (108 new listings came on the market in September)

Average Asking Price: $105,667

Average Days on Market : 234

Range of Asking Prices: $5,995-$875,000

Sold: 77 Sold in October (80 sold in September)

Average Asking Price of Sold Listings: $90,723
Average Selling Price of Sold Listings: $81,776

Average Days on Market of Sold Listings: 214 (36 days less than September)

Sellers Received: 90.1% of their asking price

Total Residential Sales Volume: $6,036,000 (down from $6,853,151 in September)
Listings Sold by Price Range
0-99,999: 56 (up 3 from September)
100,000-199,999: 15 (down 8 from September)
200,000-299,999: 6 (up 2 from September)
300,000-399,999: 0 (same as September)
400,000 and above: 0 (same as September)

**117 Homes Expired off the Market in September

Absorption Rate = 1.08 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.