Thursday, July 9, 2009

Pentwater Residential Market

July 9th 2009 - Market is quite stagnant; But property under $150,000 is moving a little.

Pentwater Village has presently 50 Listing of Residential Homes.
6 Residential Homes were sold in the period June 08 - June 09
7 Residential Homes were sold in the period June 07 - June 08
10 " " " " " " " June 06 - June 07

So - we have about 6 - 8 years worth of inventory! (in the village)

Now add on the fact that we have 27 Condominiums for sale in the Village.

For Pentwater Township the figures are:-
43 Residential Homes for sale.
3 sold in June 08 - June 09

Despite what we see there are people out there with money and when they see good value they are buying.

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