Lansing, MI

For a number of years, Coldwell Banker Hubbell Briarwood has been assembling the data and putting out a comprehensive quarterly market report. It correlates all of the MLS data regarding active listings, average list price, number of sales, average sale price, and average time on market. It also compares the current quarter to the same quarter of the previous year. The data is divided by MLS areas (school districts).

LANSING CITY LIMITS 7/1/08 - 9/30/08 7/1/07 - 9/30/07 %

3rd Quarter 3rd Quarter Difference

LANSING - 01 NW

Total Active Residential Listings 313 395 -21%

Average List Price $84,031 $92,453 -9%

# Sales 86 92 -7%

Average Sale Price $55,586 $70,271 -21%

Average Market Time 65 58 Plus 7 Days

LANSING - 03 NE

Total Active Residential Listings 286 304 -6%

Average List Price $81,818 $96,976 -16%

# Sales 86 83 4%

Average Sale Price $60,172 $80,677 -25%

Average Market Time 78 62 Plus 16 Days

LANSING - 05 SW

Total Active Residential Listings 458 479 -4%

Average List Price $94,718 $105,973 -11%

# Sales 138 106 30%

Average Sale Price $61,288 $84,514 -27%

Average Market Time 69 56 Plus 14 Days

LANSING - 07 SE

Total Active Residential Listings 363 394 -8%

Average List Price $83,820 $92,843 -10%

# Sales 105 89 18%

Average Sale Price $61,740 $81,573 -24%

Average Market Time 78 84 Less 6 Days

LANSING SUMMARY

Total Active Residential Listings 1420 1572 -10%

Average List Price $86,097 $97,061 -11%

# Sales 415 370 12%

Average Sale Price $59,697 $79,259 -25%

Average Market Time 73 65 Plus 8 Days

THIRD QUARTER - AVERAGE SOLD LIST PRICE TO SALE PRICE COMPARISON

Lansing City Limits Avg List Price Avg Sale Price % Ratio

Lansing - 01 NW $59,091 $55,586 94.07%

Lansing - 03 NE $63,050 $60,172 95.44%

Lansing - 05 SW $64,010 $61,288 95.75%

Lansing - 07 SE $65,025 $61,740 94.95%

Here is the link for the complete report: http://www.dollyobrien.com/Lansing_Area_Homes/page_2130079.html

September Residential Marketing Report for Lansing, MI
	Active	Change +/-	Sold	Change +/-	Pending	Change +/-
# of properties	1416	(-)3%	97	(+)0%	203	(+) 10%
Average List Price	$86,995.00	(-)2%	$60,161.00	(-)2%	$60,999.00	(-)4%
Average Sale Price	-	-	$60,810.00	(+) 6%	-	-
Avg. Days on Market	-	-	76	(+)5Days	72	(+)6Days
Price Differential:	-	-	100%	-	-	-

For more Detailed information on your local Real Estate Market feel free to contact me Aaron.fox@century21 or visit www.AaronSellsRealEstate.com

Need something to do this weekend; well Jazz fest is here again, in Old Town Lansing, for the 14^th year. According to ILoveoldtown.org they are expecting roughly 15,000 people.

I have to say I am not a huge Jazz fan but last year was a wonderful time. Not only did I have a great time, it is free! This is a great event that brings so many people to Michigan's capital which in turn helps the local economy. How does that saying go.... Support your town or lose it... I think? Old town is Full of Great Art galleries, restaurant's Shops. So if you have some free time Friday or Saturday Stop by and enjoy the Music!! Visit ILoveoldtown.org for more information. Here's to seeing you there!