Tuesday, December 8, 2009
Real Estate Stats South Haven Mi
Monday, April 20, 2009
March 2009 South Haven Real Estate Statistics
The following information about housing sales in the South Haven, Bangor,Covert & surrounding areas is provided through the Southwestern Michigan Association of Realtors and complied by Ryan Servatius & Dan Way of Shores Real Estate.
Housing Units Sold* 19 Units were sold in March down from 20 units sold in March of 2008, for a 5% decrease in sales*
41 Units were sold from January through March, down from 53 units in the first 3 months of 2008, for a 23% decrease.
Average Number of Days On Market (DOM)* For March, the average was 75, down from 104 days in March of 2008 for a 28% decrease.* For the first 3 months of 2009, the average was 91, up from 90 Days in the first 3 months of 2008 for a 1% increase in , TOM = Time On Market
In the first 3 months of 2009, the dollar volume was $4,970,376, down 54% from the first 3 months of 2008 of $10,849,802. Overview South Haven, Bangor, Covert & the surrounding area housing market is down across the board with continued decreases in median price to dollar volume overall.
Recently I have seen an upswing in buyers looking for homes along the lakeshore in the South Haven Michigan area . Part of this may be the Federal Reserve is pumping trillions of dollars into the financial system. In addition, there are promises of tax cuts and the continued lowering of oil prices and lower interest rates. This is all massive and it could help the real estate market turn around by the later part of this year, in which we could see an abrupt growth in the market.
Statistics show that the lakeshore area for first and second homes has provided a good return as an investment and still continues to do so! Real Estate has always been a cyclical business and the market has had downturns and upswings before and it will happen again.
Time has shown us what goes down will always go back up. Home values will continue their appreciation value over the years ahead because inflation has always made sure of that for us. With lower interest rates and price adjustments by sellers, it makes a great time for buyers that have been sitting on the sideline to buy that first home or second vacation or investment home.
- Best Regards, Dan Way & Ryan Servatius
Sunday, January 4, 2009
Real Estate News In South Haven
IT'S TIME FOR CHANGE IN REAL ESTATE TRADITION,
WHEN THE MARKET CHANGES IT DEMANDS NEW SOLUTIONS
THE WAY AND SERVATIUS TEAM
Through my blog site I am sending most of you for the first time a newsletter called "Shores Good News Real Estate". There is plenty of bad news out there, I like to stay focused on the "Good News". On a regular basis, I will send you a newsletter to keep you posted on the real estate market. My blog site will provide a one stop real estate destination that will provide many different sites for searching for real estate and many other links for real estate information, including updates on the market.
Change is important to continue to be successful at what ever you do, "Change fighters have no place in business" as they do their clients a disservice! For the past year I have been taking a proactive look at how the real estate market is changing and how I can provide improved service for clients and friends! Therefore, I want to announce the layout of my improved foundation to provide better service to you.
I have always been a big fan of team work, which has always worked well for me. Therefore I am teaming up with another real estate agent that just started with Shores Real Estate, Ryan Servatius, the "Way and Servatuis team".
Ryan has his Broker license and has finished his ABR GRI, I, II, III, e-PRO technology and the Institute For Luxury Home Marketing as well as the Resort And Second Home Specialist course. Ryan managed up to 14 agents for ERA Real Estate in South Haven Michigan. He also headed up the Cartus Relocation for their Southwestern Michigan offices. He also was a Sales Manager for multiple offices and increased sales and volume in down markets. He also chaired the Planning Committee of the South Haven Township for 5 years. He has been a life long resident of the South Haven area and and has been involved in many different organizations throughout the community.
Ryan and I encourage technology as it has become a very large part of the real estate market. The days of picking up a paper or magazine to market and look at homes to purchase are becoming a thing of the past. The following new initiatives for sellers and buyers will be provided and improved on as the market changes:
A team blog site will be used to communicate. If needed we will be communicating through 0Voo for video conferencing.
Website for the Way and Servatius team is being created.We are developing workshops for our clients who want to learn about investing in the real estate market. A tour of the lake shore area and a light lunch will be provided.
Our portfolio's will be on a pocket size cd's with links to many different real estate sites and information.
I-pod real estate interviews will be available for downloading.
A charity event will be planned to give back to the community.
Former Federal Reserve Chairman Alan Greenspan once was asked what he thought the difference was between the wealthy and the middle class, his answer was , "The right education!" I don't believe he was talking about earning a degree at a college. If you want to make money investing in anything, you need to be educated properly . When you want to invest in the market you call a financial advisor and the same should be true when you want to purchase real estate, you call a professional real estate agent. For sellers and buyers the Way and Servatius Team are ready to meet the new challenges in today's market.
As always "Real Estate Greatly Increases Your Chance For Wealth And A Secure Future".
The Way and Servatuis Team -Realtor
Lake Michigan Real Estate
If you were to listen to the media you get a feeling that the real estate market is all doom and gloom. The fact of the matter is the media never tells the whole story and rarely is quick to point out the area’s that are doing well. Statistics show that the lakeshore area for first and second homes has provided a good return as an investment and still continues to do so!
Real Estate has always been a cyclical business and the market has had downturns and upswings before and it will happen again. Time has shown us what goes down will always go back up. Home values will continue their appreciation value over the years ahead because inflation has always made sure of that for us.