Showing posts with label Michigan real estate and homes for sale. Show all posts
Showing posts with label Michigan real estate and homes for sale. Show all posts

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.