The end of the year is nearly upon us and West Michigan's real estate market is set for a strong finish. Average home values are up 8.1% through the end of November, which bodes well for a seller's market again in 2017. Planning to sell next year? Call us at 575-0140 or 437-0209 to book a pre-listing consultation.
* The average home sold is now at $184,992. * Closed sales are up 4.9% over last year, while current listings are down 4.4% compared to 2015.
* Homes sold over $500,000 (282 of them) account for just 2.5% of the 11,317 homes sold YTD on our MLS.
Have a blessed Christmas and wonderful holiday season!
The Novosad Team would like to thank you
for making 2016 another successful year for us, so we've reserved a theatre just for our clients and friends. Please join Bob & Lisa on Saturday, January 14th, 2017 to see "Sing". Click here for further details and how to RSVP. We look forward to seeing you there!
According to the recent
Fannie Mae Economic Developments R
eport, issues with housing inventory continue to plague the market due to an increase in household formation that housing supply cannot keep up with. The report says that these factors will be the biggest issues facing renters looking to move into home ownership.
We are excited to announce that we have upgraded our website with a fresh new look to be more mobile friendly. Whether you are looking for a new home, searching neighborhoods, or interested in how much your home is worth, click on the link below to see our new website.
Home builders saw a significant boost in confidence after President-elect Donald Trump won the election, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
This increase brought builder sentiment up seven points to a level of 70, the index's highest point since July 2005.
Sunday Dec 25th - Merry Christmas From our Family to Yours!!
We now are a proud member of HelloWestMichigan, offering residential relocation services. This organization
serves as an advocate for talent and provides downstream support to
transferees, as well as their families, as they settle into their new lives in West Michigan.
Be sure to check out our HWM profile and let anyone who is looking to move to the area know about all the resources available on this website.
Thanks for letting us share these market updates with you. We look forward to maintaining your trust and confidence in our team and earning your future referrals.
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If your property is currently listed with another company, please do not consider this a solicitation.
