Kalamazoo Market Surges

Summer is the best, summer with good news is even better. We all know 2009 was a dismal year for all things real estate, but it certainly appears as though that is all behind us. I was wondering this morning what the status of the market was so I asked LuAnn to send me some sales numbers for Kalamazoo County; compared to last year they were great.

Sales of Kalamazoo Homes were up over 15% to 1107 so far in 2010 vs. 953 for the same period in 2009. Better than that the average sales price is up from $123,554 in 2009 to $132,648 in 2010. I am usually weary of average prices because the property can change, the house could be bigger this year vs. last year…nope only a 20 sq ft difference so the numbers are right on. Prices and Units of single family homes in Kalamazoo county are both moving upward.

Still being a little skeptical I had LuAnn pick to different markets with in Kalamazoo County to see how they looked this year. She picked Waterfront and Texas Twp.

The waterfront home market with in Kalamazoo County has also done well in 2010 with an additional 13 sales to bring this years total to 42 vs. 29 for the same period in 2009. Prices and days on the market almost mirror 2009 numbers, the median sales price is $750 less this year at $264,250. But the highest priced waterfront home was$1.6 million vs. $1.3 million last year. The $1.6 million dollar home is also the most expensive sold in all of Kalamazoo county so far this year.

In Texas Township the story is the same, sales are up 24 units to 108 in 2010 vs. 86 Texas Township homes sold in 2009. The average sales price is down $532 to $253,769. I found it interesting that the highest priced single family home sold in Texas Twp this year is $550,000 vs. $837,000 in 2009.

So sales are up across the board, and prices are holding relatively steady in the mid to high end and inching up on the lower ends…a pretty good start to the summer!

You can search Waterfront Homeson ChangingStreets.com by Clicking here.

You can search Texas Twp Homeson ChangingStreets.com by Clicking here.