Tuesday, January 3, 2012

5 Reasons Why South Portage Real Estate is HOT!

According to SWMRIC's cumulative data South Portage is a HOT location.

#1) Sales data for 1 month shows that houses sold went up 22.2% and for 1 year houses sold went up 29.4%

#2) Average days on market has gone down 21.7% from 1 year ago with the current average being 94 days.

#3) List price to sold price is up 3.2% from a year ago with the current average being 97%

#4) The graph below shows For Sale/Sold/Pended and as you can see the number of homes for sale is down while the number sold and pended are up from 1 year ago.

#5) Bloomberg published that Portage has seen an 11.6% rise in home values since 2009. However, in South Portage the average sold price is up 19.9% from 15 months ago.

So.....if you are in South Portage and are thinking of selling, for whatever reason, now is a good time.

(if graph does not load, it is because SWMRIC is doing a data update)



Keep in mind the numbers can change from month to month and the numbers here show that the market has trended up from the same time a year ago.

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