Irish Hills Michigan Market Update Lakefront and Access Home Specialist Re/max Agent Lillian Fierro

The New year is here hooray I am very excited. Now we get to face all the wonderful news reports from the retailers and the markets. All I know is that Fuel cost are back up again with the price per gallon of fuel here going for $2.77 a gallon again those are sure signs they think the economy is heading slightly upward. I also just got my first true cold weather electric bill . Ouch that was not pretty either . I'm ready for spring ! :) Now enough complaining . I am human I do it as well.

The news is reporting the housing sales numbers were down. Anyone who is involved in Real Estate not the average consumer know that all of the first time home-buyers trying to get the tax credit were all led to believe until the very last minute that they had a deadline TO HAVE THOSE TRANSACTIONS CLOSED . That created a mad rush. Homes going under contract and yes multiple offers on a lot of homes in our area. Well guess what the Tax credit was extended not only to First timers but also to existing owners . These folks now have until April 30Th to have there transactions closed. That now gives anyone who is in the thinking stage to get through the holidays and some of the snow before they start pounding the pavement again. I just wish when I purchased my home rates and opportunities were like this . I could have gotten so much more for my money .

For your reading pleasure we have two real estate boards here and these numbers support what my predictions have been since the start of 2009 . I am sticking with the same through 2010. Home-buyers are smarter looking smarter and sticking with more modest wish list ! I say kudos to them. These are the figure for the month of December. Happy New year to all . I look forward to chatting with each and every one of you this year .

December Residential Sales Data

2009 2008Residential Units Currently Available: 1010 1363

Number of Residential Units Sold: 123 108

Dollar Volume of Residential Sales: $10,176,931 $9,654,304

Average Selling Price: $82,739 $89,392

Mediun Selling Price: $66,000 $69,800

Number of housing units sold for:

$99,000 or less 81 77

$100,000-$199,999 31 21

$200,000-$299,999 5 7

$300,000-$399,999 3 3

$400,000 or over 0 0