Metamora MI, real estate market report for August 2013.

Real estate market data for Metamora MI, provided by Donald Horne, Team Success Listing / Associate Broker for Coldwell Banker Shooltz Realty.

The homes available for sale in the last 35 days range from 3 bedrooms to 5 bedrooms, 1000 sq.ft n invitational dr (sold)to 6898 sq.ft and range in price from $105,000 to $1,700,000…

On market listings: 15
Average list price: $439,887
Average days on market: 154.4
Sold listings: 4
Average sold price: $232,675
Average days on market: 26.5
Total listings in the last 35 days: 19
Average list price: $394,895
Average days on market: 127.5

Median mortgage debt: $153,792
Total Active Listings: 73 (vacant, commercial, multifamily, residential)
Foreclosures and short sales: 2.7% of total listings
Percent of owner occupied properties is 17.2% above the national average

Sample of Homes For Sale:

3644 Winding Pine Dr, asking $399,999 / 3302 sq.ft colonial with 1 acre
2953 Farmers Creek Rd, asking $419,900 / 2400 sq.ft home with 3 bedrooms
2210 W. Brocker Rd, asking $424,900 / 3415 sq.ft cape cod with 10 acres
4 Chelsea St, asking $999,000 / 5200 sq.ft ranch with 5 bedrooms
5631 Baldwin Rd, asking $1,750,000 / 4500 sq.ft colonial with 222 acres

Sample of Homes Sold:

1426 Pebble Creek Dr, sold for $102,000 / 3% over asking
4496 Brown Rd, sold for $228,800 / 1% under asking
3620 Timber Ridge Dr, sold for $455,000 / 2% under asking

Summary:

Current inventory in Metamora is 3.7 months, a normal market is about 6 months of inventory. Anything under 5 months is considered a sellers market, above 7 months is considered a buyers market.

If you are seriously thinking of selling your Metamora home, contact me at 810-338-0628 or if you are looking to buy in Metamora, contact us at 248-969-8065 or donaldhorne.realtor@gmail.com TODAY!

Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
Read Donald’s Blog Here