Delta and Delhi Township 2008 Real Estate Numbers Are In - Special Report
The greater Lansing real estate market finished 2008 with 5186 closed sales units, or $575,181,075.00 in volume. Coldwell Banker Hubbell Briarwood captured 33.82% of that volume.
Other profile highlights include the following:
Current greater Lansing residential listings: 3,449 compared to 4,063 listings last year. (This is good news)
Currently there is 10.9 month’s of market surplus vs. 13.9 month’s last year.
Condominium closed sales price volume was $44,697,168.00 with Coldwell Banker Hubbell Briarwood capturing 47% or $21,146,777 in volume.
The average sale price dropped substantially over last year in Lansing to $103,294.00 compared to $135,961.00 last year. This was due to an increase of bank owned foreclosures selling off at reduced prices to decrease their inventory. The costs of foreclosure often spill over from foreclosed properties to other nearby properties. You can get the complete report here.
This report is broke down by area, average sale price, and current active listings for areas of Lansing, including: Holt, Okemos, Dewitt, Grand Ledge, Haslett, East Lansing, Mason, Dimondale, and all other areas.
On a side note, activity has picked up over the past few weeks, dispite the freezing conditions. If you're thinking of buying or selling in today's market, my goal is to provide you with the latest marketing systems, technology and a high level of customer satisfaction to get you happily moved into your new home or to sell your existing home. Our company, Coldwell Banker Hubbell Briarwood has been in business for 40 years. We are the #1 real estate company in the greater Lansing area. With the solid support of the best Franchise, Coldwell Banker, the best company, Hubbell Briarwood Real Estate, and a Realtor committed to meet your needs, like Mike Bowler Sr. you can “Expect the Best” Mike
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
email: Mike@MikeBowler.com
Website for Clients: MikeBowler.com