Archive | Local Market Statistics

RSS feed for this section

Michigan is Most Improved State for Business 2014

Michigan is Most Improved State

An economics research institution has said that Michigan is Most Improved State of 2014. The American Economic Development Institutes annual Top 10 Pro-business States report ranked Michigan the most improved state because of a spectacular 21-position climb in rank from 2012 to 2014.

The rapid improvement in their ranking reflects a solid economic development plan and implementation along with consistent political support. Continue Reading →

Home Values in Jackson Michigan up 9%

Home Values in Jackson MichiganWe are now halfway through 2014. The average sale price of a home in Jackson County continues to rise, up to $114,846.  Last year at this time we were at $105,158.  This tells us that home values in Jackson Michigan are up 9%.

813 homes have sold at this mid-year point, and that is just under 50% of all the homes listed.  This is a slight drop from the number of homes sold at this time last year. There were 954 homes sold in the first 6 months of 2013. Continue Reading →

Jackson MI Average Sale Prices Up 10%

Jackson MI Real Estate Market Up 10%Jackson MI real estate market statistics are in for the first quarter of 2014, and things are looking great.

According to the Jackson Area Association of Realtors, the average sale price has gone up from $92,903 during the first quarter of 2013 to $102,053 during the first quarter of 2014. That is s 9.8% increase in the average sale price. Continue Reading →

Michigan home values rank 7th in the Nation for price increases.

Saturday Quick StatsMichigan home values are increasing.  According to a recent report by the Federal Housing Finance Agency, Michigan home values are up an average of 9.43% in the last year.  This puts Michigan in the Top 10 for home value increases.

The top states are those in the West, with Michigan and Minnesota standing out from the rest of the Great Lake States with higher than normal home value increases.

Nevada had the nation’s highest gains at 24.32% over the last year.  West Virginia is at the bottom of the list with -1.78% loss in home values.  It should be noted that West Virginia was the only state in the Country with a loss in home values.  The rest of the Country was all in the positive.   Continue Reading →

Jackson Michigan Market Statistics – February 2014

Jackson Michigan Market StatisticsAnother month is in the books, and sale prices in Jackson County continue to rise.  We may have sold less homes than last year, but the average sale price skyrocketed!

The average sale price is $117,308 for the month of February, with 84 homes sold in the county.  Last year 120 homes sold with an average sale price of only $84,343. Continue Reading →

Average Sale Prices Continue to Climb in Jackson County MI

Saturday Quick Stats January 2014While average sale prices continue to rise, the number of homes sold has dropped.  I believe the weather has something to with that.  It is very hard to sell real estate when you have to hike up a 200 yard driveway with three foot snow drifts to show a $300,000 house.

Hint: Plow your driveway if you want to sell real estate in the winter. Continue Reading →