Stories of a tight housing market are all around us; low listing inventory, homes selling at a feverish pace, multiple offers leading to sales over list price, people having trouble finding homes to look at to even begin the home buying or selling conversation…today’s market presents some unique challenges.
Generally the message in our industry has been, “now is a great time to sell!” and “we need the inventory!” and “list your house now!”. What has been largely ignored, however, is the reality that following a successful sale of their home, most people will still need a place to live. Sellers are saying to themselves, “sure we can sell…but can we buy?”
We hear that question loud and clear - and we are living it every day along with you! As long time participants in our local real estate community, we understand the need and are committed to helping sellers get from point A to point B. It’s part of us living into our mission to care about those we serve in all aspects of our work.
As a company we have tuned-in to the needs of sellers who will also be purchasing. We have developed key relationships with experts in the selling and buying process. And, we have laid it out in a plan that can give you confidence that when you sell, the next home of your dreams can become a reality. We call it our Market to Move Plan, and we are confident that it will help you navigate the challenges and opportunities of our outstanding West Michigan real estate market.
Are you on the fence about selling? Afraid you won't be able to find your next home in this tight market?
Let's get in touch...I have ideas!
Home values continue to rise in West Michigan! When comparing the 1st Quarter year over year, the average sale price increased by more than 8% in 2017.
The average time on market was almost 10 days shorter during the 1st Quarter this year. Properties continue to move quickly (despite increased prices) as inventory remains low.
During the 1st Quarter of 2017 there were only enough listed properties on the market to last less than 3 months. Last year during this time, there was an additional month's worth of listing supply available.
This is a broad look at the overall West Michigan Market. Things may be even better where you live!
For a more precise update on your local market conditions, contact me anytime!Michelle Gaudreau
Michelle@grar.com
cell: 616-450-0131
website: MichelleGaudreauRealtor.com
Greenridge Realty | 3115 Orchard Vista Dr SE, Grand Rapids, MI 49546 | 616.954.3480
You are receiving this email on behalf of Greenridge Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed.
