Saginaw Home Sales for August 2020
Previously owned homes sold through MLS set new records in Saginaw in August. For the second month in a row, so many homes sold that our system requires that I break down the areas to analysis the sales. Here is a look at the areas by zip code:
76179 Zip Code
Thirty-six homes sold in August with an average sold price of $233,718. The average size of the home was 1890 square feet and the average year built was 1992. The sold prices ranged from $118,551 to $375,000. The most expensive was in Northfork Estates with an acre of land and an inground pool. This home was one of only four homes with inground pools that sold in August. The least expensive house was an investor property that sold for cash. Six homes sold for more than $300,000, and ten houses for less than $200,000.
Most homes continued to sell quickly with 19 houses selling in less than two weeks, but. The average days on the market was 29 days, but three homes were on the market for more than 100 days.
The average seller received 98.81% of list price as the sales price. Ten sellers received more than the list price as the final sales price, and seven obtained 100% of the list price. These great percentages were often a result of multiple offers. On the other hand, the investor who purchased the home for cash for $118,551 only paid 68.93% of the list price.
76131 Zip Code
Twenty-one homes sold in 76131 with an average sold price of $266,210. The average size is 2147 square feet and the average year built is 2007. The most expensive home was in Creekwood with a sold price of $410,000 and the least expensive was $169,000. Only two houses sold for less than $200,000. Both were in Heather Ridge. Six homes sold for more than $300,000.
Houses here are selling quickly. Ten of the twenty-one homes sold in less than two weeks with an average days on the market of only twenty four days.
The average seller sold for close to full price with the average percentage of the list price to sold price being 99.25%. Ten sellers received more than their list price, and five brought full price. Only six sold for less than full price, an indicator of the strength of our market.
If you are thinking of buying, selling or want real estate information, please contact me! I would be delighted to give you more information about this robust market and how I can work for you as your seller’s agent. If you are a buyer, I have strategies to help you find just the right house even in this competitive market with low inventories. Call, text or e-mail me. I look forward to serving you!
– Kathleen Wheeler –