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 We've only passed the 2nd month of 2008 and Snow Country Real Estate is up over 30% in sales during the 1st quarter of 2007! Our average per transaction is $119000 for '08 vs. $46000 for '07.
On top of that encouraging news, 4 out of our 6 agents are in the Top 10 for sales volume. Sad to say that I'm not one of those 4, but I do have several transactions "in the works" and I plan to join the ranks of my top producing associates as soon as possible!
A very positive piece of real estate news is that our entire Western Upper Peninsula MLS board has sold over $6 million dollars in the first 2 months of the year. Last year, the first 2 months saw only $2.5 million in sales. Some of the large increase can be attributed to commercial sales this year, which just means more jobs in our area and that brings the potential for more residential sales.
In talking to the various out of town buyers I've worked with in the past several months and in reading lots of publications and blogs, I understand that real estate does seem to be depressed in many areas of the country. However, Gogebic County, MI and Iron County, WI do seem to be holding their own, if not outright picking up speed.
I plan to analyze our sales statistics - for our company and for our entire board - on a monthly basis and will post what I find early each month.
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