By Stefan Scholl, Northern Michigan Real Estate
(Buyer's Broker of Northern Michigan, LLC)
In the Pellston School District, 31 residential sales were reported in 2007, down from 34 sales in 2006, a decline of almost 9%. Despite the weakness in sales volume, prices actually improved somewhat. The average sales price increased from $119,191 in 2006 to $140,733 in 2007. The median sales price also increased, from $100,790 in 2006 to $106,940 in 2007, an increase of over 6%. Note: Market information courtesy of Emmet Ass'n of Realtors. Pellston real estate sales include single family homes, farms and condominiums.