This is an interesting statistical view of our current market. The question I had was; “Has the country market recovered to pre crash viability”, like all answers this one depends on perception. The area I do most of my sales in and represent the most Buyers’ is in the country. The parameters used were; the townships above I-69 as well as immediately below and everything over1 acre.
• There were 301 homes sold in 2004.
• In 2005, 222 country houses sold.
• The 2007 year sold only 203 houses.
• 2010 was up to 249 houses on acreage.
• In 2011, 277 country houses were sold.
That would tell us that the numbers sold has returned. Than when looking at the average sale price we see the real changes in value;
• 2004 average sale price was $180,248.
• 2007 average sale dropped to $ 144,227
• 2008 that average was at $ $126,814
• 2009 saw the average slip to $94,269
• 2011 saw a little recovery to $96,293
These statistics group all together, small home steads’ and bigger farms, shacks to castles. The same criteria were used for all the years. The average Days On Market (DOM) stayed about the same for all the sales, about 100 days. The sold data can be further broken up into types of purchases; cash, land contracts, FHA or VA.
This is just a small window into the market. If you have more questions please call.
Checking the Numbers
January 22, 2012
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