Gladwin Co Real Estate Market Snapshot for May 2014

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

40 Acre Wooded Paradise along the Sugar River

4243 Two Mile Road, Gladwin

$184,900

MLS #161437

Active Listings: 1156 (269 new listings came on the market in May)

Average Asking Price: $114,637

Average Days on Market : 218

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

Sold: 66 Sold in May (40 sold in April)

Average Asking Price of Sold Listings: $76,183
Average Selling Price of Sold Listings: $70,169

Average Days on Market of Sold Listings: 274 (10 days more than April)

Sellers Received: 92.1% of their asking price

Total Residential Sales Volume: $4,561,000 (up from $3,289,049 in April)
Listings Sold by Price Range
0-99,999: 51 (up 19 from April)
100,000-199,999: 12 (up 6 from April)
200,000-299,999: 4 (up 2 from April)
300,000-399,999: 0 (same as April)
400,000 and above:  0 (same as April)

Sold!!  100 Acres in Clare County!!!

**34 Homes Expired off the Market in February

Absorption Rate = 1.4 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.