Based on number of transactions, March 2017 fell short in Saginaw County home sales when compared to a very robust March of last year, and even behind the 5 year March average. Don’t despair! If you are a buyer or seller there is still good news.
Despite the lower number of sales, Saginaw’s 12 month average sales price ending in March 2017 was at $104,314. This is up 3.33% over last year at the same time. I remember back in 2008 when the average home sale was at a whopping $64,143 – so we’ve made a lot of progress getting back to the “Pre-crash” price in 2005 and the average was just over $107,000.
Lots of numbers. What does it mean? Well, we can’t really formulate a trend from the low March sales. I’ll be keeping an eye on it to see if it was a statistical anomaly for the month. A slow March in essence is really a slowdown of activity in January. The plus side is the increase in home values for our various communities. That’s good news for sellers. This in turn, realistically is also good for buyers. Why? Well, all year we’ve seen low inventory of good homes. As word spreads that home prices are continuing to rise, more sellers are likely to get their homes on the market. This gives a buyer more choices, which also gives them more leverage when making an offer.
The March trend was different for Bay and Midland Counties, despite how closely tied our Mid-Michigan communities are. Bay County saw 25% more transactions this March over last year which is great; however the average sales price rose less than 1%. Midland also saw about a 20% increase in number of transactions over last March plus had a 6.13% increase in values.
Quarterly reports should be out soon and that will perhaps give a little more insight as to whether March was a trend or an anomaly. Always good to keep in touch with the heartbeat of your community. If you would like to know more specific information for your area, please feel free to call or email me. If you’d like to receive a free home market analysis – I’d love to hear from you.
~Build a better world by building a better you
- Monique Gilbert – Your Real Estate Matchmaker – Connecting Buyers & Sellers for a Perfect Match
Spring, spring! It’s gotta be Spring or it’s too late! That’s what sellers often think of in regard to home sales. Reality says, it isn’t so. Sure, the highest peak months might be May and June, but looking at the graphs you will most likely be surprised that the only two really low months for closed sales are January and February.
Sales in Saginaw & Midland Counties are up in general this year (yay!) Looking at the graphic below; you can see two things. First you’ll see the difference between the 5 year average and 2016. Most importantly if you’re thinking of selling, you will see there is not a huge drop-off. Homes are being sold EVERY month.
There is always a market for good inventory. I would love to give you a free market analysis on your home if you’re thinking of selling or be your buyer agent for those of you looking for that new home of your dreams. Call me today! 989-475-2958!
I love the dirt! I really haven’t found too many things in life that bring me more peace than breaking the soil with my bare hands. I grew up on a Mid-Michigan farm and spent my days in the dirt, literally. Our gardens looked like small fields! I loved them. Oh….but if only I’d found a way to keep the squash from growing! I’d have been much happier come fall, when it seemed to be served with every meal and we froze enough to feed us amply throughout the winter and spring. Yucky! Anyway – –
If I wasn’t out hoeing the fields or working in the garden, I was most likely found in my plum thicket fort or out in the woods digging for bugs, imagining wild creatures and great adventures. Now you may wonder what this has to do with me as a Realtor or why I’d have it in my blog. Well, doing a little digging in the dirt can go a long way toward making your house feel like a home as well as add a lot of curb appeal. Just yesterday I was touring a home with a client. On the way out the door of a fairly positive showing she stopped to admire the large hanging basket of petunias on the porch. She then noted the unique vibrant colors of a hydrangea in the landscaping. It so captured her that we took a walk all the way around the home commenting on the different plants and flowers. It really helped open an avenue of communication and instill even more positive and “home” feelings for my buyer.
This doesn’t mean you have to become a huge gardener or landscaper. Note that her first comments were on a hanging basket. I moved again last summer. This year I re-stained our front deck and put two hanging flower baskets up and two deck rail planters that I added geraniums, petunias, and some other flowers to. I also converted an old giant flower pot into a tomato garden. I used some stone texture spray paint on an old pot, filled it with a little bit of stones, topped it off with good soil and added some grape tomato plants. Now I can walk out the kitchen door and grab some tomatoes for the salad, or snack as I sit on the deck to read! It was only a half hour job. I receive SO many compliments on my deck now. People love the beautiful view as they drive up. They’re not commenting on the new stain, nor the new table set, or the little gas fireplace, but the Wow Factor is coming from the flowers that bring it all together. Making a positive first impression is critical. Whether your home is for sale or not, its a beautiful and easy way to make your home stand out in a positive way.
As always, remember I would love to give you some free tips on making your home more beautiful while preparing it to sell. I can do it at the same time as a free market analysis! Call me today at 989-475-2958! Have a super awesome day!!