We are in a seller's market

We are in a seller's market

There is a good chance you’ve been hearing about how hot the real estate market is. Like many property owners, you may be considering a move but you’ve been waiting for the right time. 

As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling. 2017 was a record year. In 2016, the total volume sold was $383,192,993 and in 2017, the total volume sold was $503,365,253, which was a 31 percent increase. 

The average sale price of homes and condos in 2016 was $265,369 and in 2017 was $326,887. This is a 23 percent increase. These are amazing numbers for anyone considering selling. 

Because so many properties were sold last year, the inventory for available properties is currently low. I am hearing from my prospective buyers that they just can’t find what they are looking for. 

If you have ever thought of selling, now is the time! Prices are rising with the inventory so low. 

If you are ready to list your property, you should contact a professional Realtor who can take care of your real estate needs. 

That agent can provide a list of comparable active and sold properties in your area to assure the best possible list price. 

Their professional advice will help you take advantage of today’s market. 

A Realtor will help provide you with professional photos, marketing and a significant online presence to get your property the most exposure possible. Having a Realtor handle your listing is necessary to get you the best possible price.

 

Whether you’re buying or selling a vacation home or year-round residence in beautiful Northwest Michigan, Pat Leavy believes buying a home is more than square footage and a floor plan. Northern Michigan is an extraordinary opportunity to experience and share a real treasure. Pat becomes personally involved in your pursuit to buy or sell your property. He has invested 18 years in the market area and has attained the leading position as the Realtor of choice which means every shopper in the Petoskey, Bay Harbor, Burt Lake, Walloon Lake, Charlevoix, Harbor Springs and Boyne City area begins their quest with a look at the window at Kidd Leavy Real Estate, located in downtown Petoskey, Walloon Lake and Boyne City. His enthusiasm and knowledge of the market translates into results for you. Pat would consider it a privilege to work with you, regardless of the value of your property.  Pat can be reached at (231) 838-6700 or email him at patleavy@kiddleavy.com. View properties 24 hours a day at www.patleavy.com.


Written By Patrick Leavy