Posted in bay city, midland, real estate, saginaw

Answering My Biggest Question: How’s the market??

It never fails when I meet someone new, the word Realtor pops up, the same question pops out! “How’s the market?” Everyone seems to want to know – whether they’re 25 or 75 the real estate market has an impact on their lives. Maybe they’re thinking of buying, or most likely they want to know if they have positive equity in their home and what it might be. I remember reading an article a few years back that stated some staggering statistic that 85% of people between the ages of 30-55 who’d bought a home in the last ten years were upside down in their mortgage. That’s pretty crazy! So I guess the How’s the Market question is pretty important. Let’s see what my experience and statistics are saying about the Mid-Michigan Area.

Mid-Michigan is made up of three counties, and they vary pretty drastically so I’ll address them separately. Saginaw County is where I reside, but I’m a member of all three area boards.  Of Bay, Midland, and Saginaw, we definitely hold the reputation for the lowest priced homes here in Saginaw. You can find all kinds of properties in the City limits for under $20,000; 127 to be exact. But what did surprise me is that statistically, Saginaw’s mean average has recovered a lot more than Bay County since the crash in home values back in 2008-2009. The average Saginaw County home back in 2005 was $107,073 and it fell to an average low in 2008 of just $64,143- a 40% drop. Keep in mind, that is an average for the county, which holds some “shining stars” as far as real estate prices are concerned, like Frankenmuth and Freeland. The average in the city of Saginaw at that time was around $13,000! The good news is that after the initial two years of prices in the depths of despair, we are crawling up and out! We rounded out 2014 with an average sales price of $91,985. That’s some good progress. The question is not just about sales price however, but about number of transactions. The last two years, 2013-2014 showed less homes sold than did 2012. So, we are finding that transaction #’s are down slightly, but sales volume is up. This is great news for people who are waiting to sell their home. Just in case you’re wondering the best months to sell in Saginaw are April-August, with August actually being number one in transactions – which busts the bubble of believers who think spring is the only good time in real estate. That means it is time to get your home on the market.

Statistics aside, I can tell you this: I have sold more real estate in the 1st quarter 2015 than I did annually 2009-2012! Granted I’ve been really working to grow my business, but I’m hearing it from lots of agents; “I’m crazy busy! The phones are ringing!”. I am excited to see what our stats show for 1st quarter when they come out next week.  Reality is, things are selling and prices are slowly rising, and our inventory is low. Good, nice, clean homes of all price ranges are in short supply. It’s a great time to sell and it’s a great time to buy. Interest rates are low, there are a lot of lending options, and I know of a really great agent who’s looking for both buyers and sellers!

I’ll share soon about Midland and Bay Counties. If you would like more specific market information for your location, please don’t hesitate to let me know. I have breakdowns for every township – some rebounding swiftly, others a bit more slowly. Regardless of where you’re at though, if you’ve a home to sell; it can be sold using great marketing and implementing tips about what’s most important to buyers.

Have a great day! (Despite the crazy snow we can’t seem to shake even toward the end of April!)

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Posted in bay city, community, midland, real estate, saginaw

It’s a bloggin’ kinda day!

One thing I love about my new house is the skylight above my bed in the master suite. Nothing like watching puffy white clouds roll by and birds soaring as I awake, or at night, the twinkling of the stars set behind the swaying silhouette of a few monstrous tree limbs. This morning however, I was greeted with both the sight and sound of hail. Come on Michigan! It’s April already and I need a good day. I’m ready for some sun to stream through those windows. I’m ready to be invigorated with the forecast that announces itself not just through my window every morning; but aloud on my cellphone as my alarm speaks out the day’s weather, news, and my daily agenda. Today I had to settle for the fact that the freezing rain pelting my window was better than the picture of a frozen forest with snow flurries swirling on the face of my phone! My sunshine would have to come from within. Sound corny? Well, maybe so, but sometimes making other people’s dreams come true is just as good as sittin’ in the sunshine. 🙂 This is where real estate comes into play here on my blog Moniqueknowsrealestate.com  My intent here on my blog is not just to give you mundane facts about how the real estate market is doing. It’s to provide you with interesting articles, helpful tips, and community information, as well as allowing you to see a little bit of who I am as a person. Let’s face it – buying or selling your home is usually the biggest chunk of change you deal with at any given time and you want someone personable, trustworthy, knowledgeable, and experienced to take you through the process. I am that person. My hope is that by following my blog, not only will you enjoy the content but you will gain my respect as an individual who absolutely LOVES what she does and prides herself on providing excellent customer service from beginning to end. I love waking up in the morning with the prospect of seeing the smile on a 1st time home-buyers face at closing, at the relief that comes when I present a great offer to a seller who is just waiting to upsize or relocate, and even hearing about my seller’s favorite shopping trips with their daughter.  And let me tell you in the midst of it all; I’m always discovering something new and different along the way – funny things too. I hope to share that with you. So, stick with me – we’ll discover some great real estate adventures together!