Average Sales Price for a Saginaw Home up again in February
The market trends seen in the last few months continued in February in Saginaw. With interest rates staying low and very few homes for sale, houses sold quickly at even higher prices than in recent months. Sellers usually received their list prices. Individuals sold twenty-six homes through MLS.
Houses continued to sell extremely quickly with an average days on the market of 16 days. This average includes the 114 days needed to sell the home that sold for $385,000 and was 3476 square feet. Sixteen homes sold in less than two weeks, and thirteen were under contract in less than one week.
The average sales price for a home shot up to $263,104. More newer homes were sold than in previous months including sales of five homes built since 2015. Seven homes sold for more than $300,000, and the least expensive home in Saginaw cost $210,000 and the most expensive $385,000. The average size of a home that sold was 2122 square feet, but the homes ranged from 1223 square feet to 3476 square feet. Three homes offered swimming pools.
The average home sold for 100.53% of list price, and only eight houses sold for less than 100% of the list price. The least a seller accepted was 95.65% of list price, and one seller received an amazing 113.57% of list price. These statistics show how appraisals are verifying these high prices, and the market is a wonderful seller’s market.
Have you dreamed of selling your home and making an important move? There was never a time like now. The inventory is still so low that your home will probably be on the market for only a few days, and the inconvenience of showings will be minimal. As buyers compete for homes, they will accept cosmetic issues and some minor repairs that would have been seller costs in a different market. Prices are at an all-time high. We are coming into the time of year when buyers are considering their spring and summer home purchases. Please give me a call or send me a text or e-mail me to get more information about the value of your home and how I can make your move as profitable and as smooth as possible. I look forward to serving you.
– Kathleen Wheeler –