Lapeer Real Estate And Foreclosures For Sale In Lapeer MI, 12/03/2011

Lapeer real estate and foreclosures for sale in Lapeer MI
Lapeer Township, Lapeer, City of Lapeer
Lapeer County MI, 48446
12/03/2011

New listings this week:

1122 N. Madison St, $29,900 - private owned - 664 sq.ft
924 N. Madison St, $29,900 - private owned - 720 sq.ft
1216 Adams St, $82,900 - private owned - 1161 sq.ft
617 Rolling Hills Ln, $119,900 - private owned - 1444 sq.ft

Solds this week:

343 Village West Dr, $800 - (lease) - private owned - 38 days on market (dom)
265 S. Saginaw St. $20,000 - bank owned - 40 dom
1245 First St, $22,000 - bank owned - 81 dom
920 W. Oregon St, $50,500 - private owned - 299 dom
915 N. Washington St, $43,000 - private owned - 451 dom
767 N. Wilder Rd, $100,000 - private owned - 108 dom
1533 Pleasant St, $123,000 - bank owned - 37 dom
198 Lincoln St, $102,800 - short sale - 168 dom

This weeks market statistics:

* With a market action index at 20.45, Lapeer is still a buyers market - up 3%
* The average property has been on the market for about 209 days - down 2%
* The median price per square foot in Lapeer is about $82 - no change
* There are about 189 properties on the market - down 6%
* The median family home price as of 11/27/11 is $137,138 - up 1%

What's the market statistics mean?

* To sellers, with the average days on market down 2% and the number of properties down 6% pushing home prices up, this is all good news for sellers. Selling your Lapeer home at a fair price is a realistic expectation.

* To buyers, even though the general market still favors buyers, with days on market down 2% and number of properties available down 6% and median home prices climbing up, the positive is that housing prices are still depressed from their highs of a few years ago and money is still cheep to borrow. Given these 2 conditions this is an excellent market for buying in and around Lapeer with terms favorable to you.

For more detailed information about selling your Lapeer MI property, property for sale around Lapeer, Lake homes for sale in Lapeer MI, real estate sold, foreclosures for sale in and around Lapeer, real estate property values, Lapeer Community Schools or Lapeer Community Reports, contact us direct at 1-810-338-0628 or dhorne@cbshooltz.net TODAY!

Donald Horne, Realtor, Team Success
Coldwell Banker Shooltz Realty