Saturday, June 26, 2010 7:25 AM EDT
By MARK RANZENBERGER
Sun Online Editor
Realtors in Clare and Gladwin counties sold more homes in April than any April in this decade, and May's sales pace was the fastest in five years.
Meanwhile, members of the Central Michigan Association of Realtors reported sales at a near-average pace for the two months. Those agents, who work mainly in Isabella and Gratiot counties, sold 89 homes in April, compared to a five-year average of 81, but only 84 in May, compared to a five-year average of 97.
That's according to an analysis of recent sales figures released by the Michigan Association of Realtors trade group.
Prices paid for homes in Clare and Gladwin also recovered, but buyers there paid the lowest prices of anywhere in outstate Michigan. Only in economically ravaged Detroit were prices lower.
Members of the Clare-Gladwin Board of Realtors, which represents agents who do business mainly in those two counties, sold 65 properties during April and another 73 in June. The April sales pace is well above the five-year average of 46, and the May average also is considerably above the five-year average of 64 sales for the month.
The record sales pace for May was in 2005, when 74 properties changed hands.
So far this year, 253 properties have been sold by Clare-Gladwin agents, up nearly 19 percent from the first five months of last year.
The average sale price for the year so far is $62,787, up 7 percent form 2009's highly depressed average.
May's sales rate of 84 was the slowest May of the decade in the Gratiot-Isabella region.
So far this year, agents have sold 350 homes, compared to 365 in the first five months of 2009. The average sale price for the first five months of the year was $75,773, up 6.77 percent from 2009.
Prices increased in 37 of the 40 regions tracked by the statewide real estate marketing group. Prices fell only in Branch, Lenawee and Livingston counties.
Sales rates also increased in 30 of the 40 regions. Besides the decline in Gratiot and Isabella counties, the pace of sales of existing homes also fell in the west-central region, the Down River and Eastern Upper Peninsula regions, Branch, Hillsdale and Lenawee counties, and Detroit, Flint and Saginaw.
Overall, the pace of sales of existing residential properties was up nearly 5 percent in 2010 compared to the first five months of 2009, and prices were up nearly 11.5 percent, averaging $88,863.
Detroit continued to have the cheapest residential property in the state. Nearly 5,300 homes have been sold in the city since the start of the year at an average price of just $15,329. As low as that figure is, it's a third higher than 2009's average price through five months of $11,387.
Michigan's priciest real estate this year is in Emmet County, at the northern tip of the Lower Peninsula, where sales are up 39 percent over last year, and an average home sold for $187,296 during the first five months of the year, up 15.5 percent from last year.
Monday, June 28, 2010
Sunday, June 27, 2010
Beautiful 3 BR, 2 Bath Home in Gladwin
Wow! Look at this beautiful home in a very nice area, within the city limits of Gladwin. This home features a friendly floor plan, wood laminate floors throughout, spacious kitchen, main floor laundry, 2 full baths, large open deck, fenced in yard and an extra large yard (approx 1/2 acre). This lovely home is located close to the Riverwalk walking trails, city park, hospital, restaurants and shopping. Nice quiet neighborhood.
Rare Find!!! Beautiful Waterfront Lot of Blue Lake
There hasn't been a vacant waterfront lot for sale on Blue Lake in many many years! Take notice of the fabulous lot with beautiful panoramic views!
Look at this beautiful lot on one of the prettiest, clean fishing lakes in all of
Gladwin and Clare Counties! This lot offers the perfect building spot for a home with a walkout basement. Blue Lake offers a "U.P." like atmosphere, only 2.5 hours north of Detroit. This quiet no-gas-motors lake is located in a beautiful woodland area, close to miles of snowmobile trails and 1000's of acres of state land.
Blue Lake offers some of the best fishing in the area. Catch Bluegills, Bass, Crappie, Rock Bass and Perch. (I have pictures to prove it, on my virtual tour!)
This is a PRIVATE lake with NO Public access! The lake is so clear, that you can easily see over 20 ft down to the bottom!
Find out what Blue Lake Estates has to offer! Including a private sandy swimming beach, only available for use by Blue Lake members and their guests.
You have to visit Blue Lake to truly appreciate it's awesome beauty!
Visit www.ilovebluelake.com for more information about the area.
Saturday, June 05, 2010
Nice Waterfront Home on Beautiful Island Lake
3 bedrooms, 1 Bath & Large 24x36 Garage
Are you looking for a quiet lake with great fishing and clean & clear lake water? You may have just found it. Look at this nice 3 bedroom home, nestled in a nice wooded settling with a great view of the lake. Sit out on the open deck and enjoy the great view. Listen to loons, watch for Bald Eagles and watch a variety of other birds, deer and squirrels.
Watch fish swim by while standing on the dock. Island lake sub also come with shared access to almost 300 acres of association shared lake for leisure walks, hunting, ATVs and bike riding. Being sold mostly furnished, including the propane tank.
Cute Secord Lake Cottage on 2 Waterfront Lots
Sandy Swimming and a Permanent Suspended Dock
2-3 Bedrooms, 1 Bath & a Shed
Are you looking for an affordable waterfront cottage on Secord lake with a sandy beach and lots of waterfrontage? You may have just found it! Check out this cozy waterfront cottage on 2 waterfront lots with nice sandy waterfront, great panoramic view, enclosed porch, knotty pine interior and "Up North" appeal! Truly a traditional up north cottage. This property comes with a nice sized shed and a park like picnic area with a firepit.