Page 57 - Real Estate One - Marketing Support

Antrim County Non-Waterfront
Single Family Homes
Closed Sales
76
JAN. 1ST INVENTORY -18% from last year
231
2019 CLOSED SALES +13% from last year
$190K
AVG SALE PRICE +19% from last year
$44M
CLOSED VOLUME =34% from last year
Summary
Avg Sale Price
35
30
25
20
15
10
5 0
Mar '18
Jun '18
Sep '18
Dec '18
Mar '19
Jun '19
Sep '19
Dec '19
$240,000 $200,000 $160,000 $120,000 $80,000 $40,000 $-
Monthly Sales
The 231 sales missed the 2017 record high by only one, while average sale price and closed volume impressively beat prior records—the $190k average sale price was up by $31k and the $44m in closed volume beat the 2017 record by $10m. Although average sale price jumped 19%, don’t assume values of homes within given price ranges increased that much. Homes in the $125k to $200k range increased the most—just 8%. Values of most other properties were up around 2% to 4% in most other price ranges. (See “$ Chg” for each price range in the table below.)
e Price Range
Q1
Q2
Q3
Q4
Total
‘19 vs ‘18
All
Units
30
63
80
58
231
13%
Avg Sale Price
$153k
$213k
$195k
$175k
$190k
19%
$ Vol (million)
$5m
$13m
$16m
$10m
$44m
34%
DOM
147
121
121
114
123
-2%
$10-125k
Units
14
15
27
23
79
-2%
DOM
104
106
86
132
106
-21%
$ Chg
-6%
$125-200k
Units
9
23
23
17
72
4%
DOM
192
136
81
112
120
-1% 8%
$ Chg
$200-350k
Units
4
16
21
13
54
8%
DOM $ Chg
101
95
195
93
134
21% 4%
$350k+
Units
3
9
9
5
26
420%
DOM
277
155
153
90
156
-14% 2%
$ Chg
Data Source: TAAR/NGLRMLS DOM= Days on Market Percent changes are compared to the same period last year. (Year-Over-Year)
2019 YEAR END HOUSING REPORT