The real estate figures from the local professional realtor organization from last month paint a particularly excellent image of the West Michigan real estate market right now. Specifically, this is a perfect time to sell your house or upgrade to a new place! Spring fever has definitely hit the local real estate market, and it is a seller's market right now!
In March, pending sales (compared to March in 2014) were up close to 20 percent, forcing housing market inventory to 1.9 months of inventory, which is quite low. Low enough, in fact, to be pushing up the prices on homes of all sizes and values across the region. Average prices for closing sales are up nearly 7% compared to this time last year. Quite frankly, this is an excellent time to consider listing your home. Sales of investment properties/multi-familiy homes has also increased, though not quite as dramatically, and vacant land sales are also up somewhat. Residential listings in the Greater Grand Rapids area right now are closing very quickly.
The professional staff at Pyxis Realty will always go above and beyond to ensure your freshly listed home is seen by the most appropriate professionals and potential buyers. Now is as good a time as any to consider checking the value of your home and seeing if you can max it out during the sale process; click this link to get started right now with our instant, low-input home value calculator. Once your home is on the market, there's a good chance it won't be there for long! If your plan includes upgrading to a larger home, downsizing to a smaller place, or just relocating to a new neighborhood, it's best to start looking right away.
If you're a buyer who isn't listing a home as well, this is the kind of market where a good realtor is an absolute necessity. You need someone to tell you if the market price for a property is reasonable and also who can aggressively represent your offer if there are multiple offers on the table for your dream home. Having a realtor who can help you find the right places while they are still available is one of the best ways to ensure your dream home doesn't slip through your fingers.
Pyxis Realty is small enough to ensure you will have the best possible experience, with excellent service, while still experiencing the big-brokerage benefits of having a realtor with actual experience working at your side. No purchase or sale is too small for the white-glove treatment at Pyxis Realty, and we strive to ensure our clients find the right place or buyer for their property. If you are considering wading into the West Michigan real estate market this spring, do it with the guidance and help of well-regarded, experienced professionals; be sure to list your home with Pyxis Realty or call our office to arrange viewings of the homes you're considering. Do it soon and take advantage of how hot the market is right now!