Southwest Michigan

May 2009

Year-To-Date Market Statistics

(compared to 2008)

AREA	UNITS SOLD (-/+ 2008)	DAYS ON MARKET(-/+ 2008)	AVERAGE SALES PRICE    (-/+ 2008)	MEDIAN SALES PRICE  (-/+ 2008)	DOLLAR VOLUME  (-/+ 2008)
Benton Harbor	112 1%	71  -45%	$42,454 -40%	$19,500 -59%	$4,754,883 -40%
Bridgman to New Buffalo	64 -35%	176 -12%	$220,441 -44%	$219,000 -14%	$4,754,883 -40%
Coloma & Watervliet	52 -7%	152 13%	$123,609 -17%	$87,000 -18%	$6,427,655 -23%
Berrien Springs & Eau Claire	26 -35%	157 21%	$150,166 -10%	$109,900 -23%	$3,904,326 -42%
Galien to Niles	170 -4%	115 13%	$83,507 -14%	$60,000 -25%	$14,196,169 -18%
St. Joseph & Lakeshore	144 -23%	164 25%	$196,446 -5%	$163,000 -7%	$28,288,247 -27%

$115,500.00 225 Brownway Benton Harbor, MI 49022 Beds: 3.0 Rooms: 6 Baths: 1.00 Sq. Ft.: 1196.00 Garage: 2.0 Built: 1956   Nice Fairplain 3 Bedroom Ranch This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Brenda Regan Brenda Regan, Realtor, CRS, GRI, ABR 2699307355 www.BrendaRegan.com     Visit this listing at Here

$176,000.00 3502 Niles Road Saint Joseph, MI 49085 Beds: 5.0 Rooms: 10 Baths: 2.00 Sq. Ft.: 2504.00 Garage: 2.0 Built: 1930   Residential or Commercial close to I-94 Interstate This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Brenda Regan Brenda Regan, Realtor, CRS, GRI, ABR 2699307355 www.BrendaRegan.com     Visit this listing at Here

National Association of Realtors forecosts sales of existing homes will reach 4.97 million in 2009, an increase of 1.1 percent from the 4.91 million sold in 2008, before rising 6.3 percent in 2010 to 5.28 million units, according to NAR’s latest economic forecast. NAR expects the median price of existing homes to fall 4.9 percent this year to $188,500 before climbing 4.4 percent to $196,800 in 2010.

NAR forecasts that new-home sales will fall 34.7 percent this year to 317,000 before rising 21.6 percent to 385,000 next year. The median price of new homes is also expected to fall 4.7 percent to $221,200 in 2009 before climbing 4.4 percent to $232,100 in 2010.

2009 April

Year-To-Date Market Statistics

(compared to 2008)

 

AREA	UNITS SOLD (-/+ 2008)	DAYS ON MARKET (-/+ 2008)	AVERAGE SALES PRICE (-/+ 2008)	MEDIAN SALES PRICE (-/+ 2008)	DOLLAR VOLUME (-/+ 2008)
Benton Harbor	86 -1%	71 -49%	$41,476 -42%	$18,000 -66%	$3,566,931 -43%
Bridgman to New Buffalo	42 -35%	176 -14%	$211,652 -52%	$204,000 -31%	$8,889,387 $-69%
Coloma & Watervliet	39 -5%	138 6%	$121,299 -11%	$72,500 -32%	$4,730,650 -16%
Berrien Springs & Eau Claire	20 -41%	150 21%	$151,046 -7%	$81,500 -42%	$3,020,926 -45%
Galien to Niles	128 -4%	113 14%	$77,900 -17%	$55,000 -30%	$9,971,169 -21%
St. Joseph & Lakeshore	94 -29%	168 35%	$193,184 -6%	$157,450 -10%	$18,159,261 -33%