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Robert Dowding ~ Realtor ~ Greater Lansing, MI

Foreclosure Indicator Down - Sign of a Turnaround in Lansing, MI

So I recieved a call yesterday evening from Alison Himelhoch of WLNS 6 News asking for an interview of me to discuss the declining sheriff's deeds in Ingham County, Michigan as compared to last years numbers. I have communicated with Alison in the past but was sceptically of this subject as it is kind of a hot button. The numbers don't represent an accurate picture of our market due to the moratorium that was applied to sheriff's deed last year. So I turned her down as I did not want to be the one to deliver the bad news.

5-10 minutes later I had a change of heart. Wanting to make sure the public got to hear from the Real Estate community was important to me and WLNS. I decided that I could be that voice to make sure everyone had an opportunity to hear our side of the story. My message came across fairly well I think, our interview included a lot more positive statements about the market but overall I think it went well.

I look forward to your thoughts and have a great day.

I am working on getting a copy of the video so I can post it elsewhere. Click the photo to view the link to vieo from WLNS 6 News.



For those that don't trust clicking the photo here's the actual link.

http://www.wlns.com/global/video/popup/pop_player.asp?clipId1=3616427&at1=News&vt1=v&h1=Foreclosure+Indicator+Down+%2D+Sign+of+a+Turnaround%3F&d1=124167&redirUrl=www.WLNS.com&activePane=info&LaunchPageAdTag=homepage&clipFormat=&playerVersion=1&hostPageUrl=http%3A//www.wlns.com/global/video/popup/pop_playerLaunch.asp%3FclipId1%3D3616427%26at1%3DNews%26vt1%3Dv%26h1%3DForeclosure+Indicator+Down+%252D+Sign+of+a+Turnaround%253F%26d1%3D124167%26redirUrl%3Dwww.WLNS.com%26activePane%3Dinfo%26LaunchPageAdTag%3Dhomepage%26clipFormat%3D&rnd=87549082

New Listing!! 3025 Greenoak, Lansing - $109,900

Robert Dowding | Keller Williams Realty | 517.853.6390
3025 Greenoak, Lansing, MI
CALL TODAY FOR PRIVATE SHOWING ON THIS GREAT CAPE COD IN N. LANSING. HOME FEATURES 3 BRS & 1 BA WITH JUST OVER 1000 SQFT. NEWLY REMODLED KITCHEN W
3BR/1BA Single Family House
offered at $109,900
Year Built 1961
Sq Footage 1,086
Bedrooms 3
Bathrooms 1 full, 0 partial
Floors 2
Parking 1 Car garage
Lot Size 6,150 sqft
HOA/Maint $0 per month

DESCRIPTION

CALL TODAY FOR YOUR PRIVATE SHOWING ON THIS GREAT CAPE COD IN N. LANSING. THIS HOME FEATURES 3 BEDROOMS AND 1 BATH WITH JUST OVER 1000 SQ FT. A NEWLY REMODLED KITCHEN WITH PLENTY OF ROOM FOR THE COOK IN THE FAMILY, REFINISHED HARDWOOD FLOORS AND A SPACIOUS 2ND FLOOR MASTER BEDROOM WITH NEW CARPET. RESTING ON A FULL BASEMENT WITH PLENTY OF STORAGE, NEWER WASHER AND DRYER AS WELL AS A/C INSTALLED IN 2006. INCLUDED WITH THE PROPERTY IS A ONE CAR GARAGE WITH ATTACHED COVERED PATIO IN THE FENCED BACK YARD AND SEPERATLY FENCED GARDEN AREA.

see additional photos below
PROPERTY FEATURES

Central A/C Hardwood floor Refrigerator
Stove/Oven Basement Washer
Dryer Laundry area - inside Yard

ADDITIONAL PHOTOS


Front

Garage

Living Room

Kitchen

Master Bedroom

Other Bedroom
Contact info:
Robert Dowding
Keller Williams Realty
517.853.6390
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 26, 2009, 11:04am PDT

February 2009 Lansing, MI Market Report

February 2009

Well the February numbers are in and I am very happy to say that we saw a noticeable increase in all 3 counties for average sales prices as compared to January 2009. We also saw increases in total units sold all the way across the board.

We are still seeing a drop in the average sales price as compared to last year during February and that is a trend we expect to continue with all of the real estate owned (REO's or Foreclosures) properties that are being listed. Personally I have noticed an increase in activity on my traditional listings as well as new buyer activity.

Average Sales Price

Jan. 09 Average Sales Price

Feb. 09

Feb. 09 / Jan. 09

Feb. 08

Feb. 09/ Feb. 08

County

Avg SP

% Chg

Avg SP

% Chg

Ingham

$ 69,205.00

$ 72,659.00

4.99%

$ 82,834.00

-12.28%

Eaton

$ 99,545.00

$ 104,267.00

4.74%

$ 132,671.00

-21.41%

Clinton

$ 119,614.00

$ 127,605.00

6.68%

$ 162,748.00

-21.59%

Total Units

Jan. 09 TTL Units Sold

Feb. 09 TTL Units Sold

Feb. 09/ Jan. 09

Feb. 08 TTL Units Sold

Feb. 09/ Feb. 08

County

% Chg

% Chg

Ingham

127

175

37.80%

153

14.38%

Eaton

48

54

12.50%

45

20.00%

Clinton

32

41

28.13%

32

28.13%

Be sure to let me know if you have any questions or know someone who is need of real estate help. I would love the opportunity to assist anyone you may know.

All statistics compiled from the Greater Lansing Association of Realtors MLS

Robert Dowding