The number of properties sold for April 2009 was -10% from April 2008. There were a total of 196 properties sold this year vs. 217 last year. Leading the way with increases were: South Haven/Bangor/Covert (+35%), Coloma/Watervliet (+33%) and the Edwardsburg/Cassopolis and Benton Harbor markets were both at +8% for the month.
On the negative side of number of properties sold were: Dowagiac/Marcellus (-41%), Berrien Springs/Eau Claire (-20%), St. Joseph/Lakeshore (-18%), Niles/Galien (-15%), Hartford/Lawrence (-13%) and Bridgman/New Buffalo (-10%).
Two areas showed positive numbers for Average Sales Price over last year, Dowagiac/Marcellus and St. Joseph/Lakeshore which were both at +10%. The negatives were: Bridgman/New Buffalo (-63%), South Haven/Bangor/Covert (-62%), Coloma/Watervliet (-51%), Benton Harbor (-45%), Edwardsburg/Cassopolis (-42%), Hartford/Lawrence (-16%), Berrien Springs/Eau Claire (-9%) and Niles/Galien (-7%).
Overall, total dollar volume was -40% from $39,913,258 down to $23,993,126.
With the units total up and dollar volume down, hopefully this is a sign that the market has bottomed out as it appears that the investors are buying up the bargains.
Saturday, May 9, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment