Gladwin and Clare County Real Estate Market Report for March

March 2014 Real Estate Market Snapshot for the Gladwin and Clare County Area Homes

Lake Lancelot in Sugar Springs

5068 Kings Way, Gladwin

$209,900

MLS #160832

Active Listings: 773 (85 new listings came on the market in March)

Average Asking Price: $103,383

Average Days on Market : 301

Range of Asking Prices: $10,000-$645,000

Sold: 32 Sold in March (36 sold in February)

Average Asking Price of Sold Listings: $89,491
Average Selling Price of Sold Listings: $83,648

Average Days on Market of Sold Listings: 199 (2 days more than February)

Sellers Received: 93.4% of their asking price

Total Residential Sales Volume: $2,594,215 (down from $2,287,990 in February)
Listings Sold by Price Range
0-99,999: 22 (down 8 from February)
100,000-199,999: 9 (up 2 from February)
200,000-299,999: 0 (down 4 from February)
300,000-399,999: 0 (down 1 from  February)
400,000 and above: 1 (up 1 from February)

Sold!!!  

South M18, Beaverton

51 Days on Market!!!

**29 Homes Expired off the Market in February

Absorption Rate = 2.01 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.