Petoskey Real Estate Sales 1st Half 2008
Petoskey residential real estate sales volume actually increased year over year in the first half of 2008, from 106 unit sales of homes and condos in the first half of 2007 to 120 unit sales in the first half of 2008.In addition to a 13% increase in unit volume, the dollar volume of 1st half residential sales in the Petoskey School District increased significantly from $34,064,331 in 2007 to $47,001,605 in 2008, an increase of almost 38%.
The average sale price for a Petoskey home during the first half of 2008 was $391,680, compared to $318,358 during the first half of 2007, while the median sales price decreased slightly, from $183,000 in 2007 to $180,500 in 2008. Days on the market for those properties which sold during the first half of the year increased significantly, from 179 days on market in 2007 to 277 days on market in 2008.
Labels: market statistics, Petoskey
posted by Stefan J. Scholl, J.D. - Exclusive Buyer Agent at 7/09/2008 10:50:00 PM
3 Comments:
strange numbers. I think things will only go down hill from here. Michigan has nothing on the horizion to bring it back from the edge of bad recession.
Hi,
This is a good statistical information provided here. I agree that the things might go down from here for the next half year.
I enjoy following your blog! The Bend Oregon real estate market continues to slow. It looks like a good time to buy in your market.
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