• Our New STEM School in Midland
    Thursday, October 27

    The new STEM School coming to town has generated a lot of buzz and excitement for residents of Midland. A new curriculum, new operating procedures and a brand new state of the art building are coming soon! But how will this affect our children? How will this affect our community and housing market? After meeting with Midland Public Schools administrators last night, I was able to gain some insight.

    The two school districts that will be most directly affected by the new STEM school are Carpenter Elementary and Eastlawn Elementary. MPS will be merging these two facilities and joining them to become "Central Park Elementary". The state of the art facility will open its doors in the fall of 2017 and will be able to accommodate approximately 750 students.

    The new school will offer incredible amenities such as outdoor learning spaces for every grade in which the children can learn with hands on projects. These outdoor learning spaces will be open to the public to view at anytime (preferably not during school hours). The architects have also designed the building to expose operating mechanical systems so that the children can visually understand the inner workings of the buildings engineering. The engineers were actually able to re-utilize approximately 60% of the the old buildings (Central Middle School) footprint. The great part is that the school itself is meant to be a learning tool. The mascot for Central Park Elementary will be The Explorers which I believe to be a fitting name for the new endeavour. The school colors with be navy blue, orange and white (like the Detroit Tigers!).  

    What I learned last night is that the entire Midland Public School district will be transitioning to to the new STEM curriculum which means that it's not a question of whether or not your child will be exposed to the curriculum but whether they will benefit from the Central Park Elementary facility itself. Demand is high, and there is already a waiting list for children enrolling in school of choice.

    As a real estate professional I tend to analyze how changes to our city affect market value of the surrounding neighborhoods. I anticipate that the housing market will be positively affected in the two school districts which will be most directly impacted. I believe that the highly desired school district and proximity to downtown (which has seen some revitalization) will make this area more attractive to millennials and first time home buyers with children.

    To say that Central Park Elementary will be a great benefit to our community is an understatement. I believe that this school will help our children break the mold and compete for the best positions and opportunities through their collegiate studies and into adulthood. As a former Central Cavalier I am proud to carry on the tradition of Nothing But The Best to the next generation of Midlanders that will call this great city home!

    -By Kevin Crampton

    Share this story:

  • The Impending Dow - DuPont Merger and the Impact on the Midland Real Estate Market
    Sunday, April 10

    Rumors and conjecture continue to swirl around town as our Modern Realty clients and friends ponder the economic impact of Dow's upcoming merger with DuPont as well as the acquisition of Dow Corning. Opinions seem to range from doom and gloom to cautious optimism, but the good news is that as of the first quarter of 2016, Midland's real estate market has yet to feel any significant impact. Check out these figures:

    Average Sale Price
    In the first three months of the year there were 125 sales of single family homes in the City of Midland, as compared to 117 sales in the same quarter of last year. The average sale price of $151,793 for this past quarter was actually up 0.41% from the average of last year which suggests we remain a stable market.

    Average Days on Market
    Closed sales in the first quarter of 2016 took 89 days on average before an accepted offer was presented to the seller. This number represents a significant decrease when compared to the first quarter of 2015 average of 102 days. The overall average days on market for 2015 was 80 days. This indicates a relatively stable rate of absorption for listings in the first quarter of this year.

    Average Discount From Asking Price
    On average the 125 listings that closed escrow in the first quarter of 2016 sold at a 9.8% discount from their original acting prices as compared to a similar 8.8% average discount in the same quarter last year.

    As of the date of this article there are 109 pending sales with an average of 84 days on market.  Ten of those listings are Modern Realty listings: sold in only 51 days on average by the way!

    Feel free to contact any of our agents for a free market analysis on your home or to check out any of the 200+ active listings for sale in Midland, Michigan's real estate market by calling (989) 486-9770 or sending an email to listings@modernrealty.us.

    -Logan Richetti, Broker, Modern Realty 

    Source: Midland Board of Realtors, single family homes sold in the City of Midland

    Share this story:

  • Welcome!
    Monday, March 28

    Welcome to the official blog for MODERN REALTY in Midland, Michigan. Topics for this feed will include everything related to real estate in Midland, Michigan including tips for how to sell your home and advice for the home buying process in general. Our goal for this blog is to create informative and valuable content for local residents and people who may be relocating to Midland. Stay tuned for updated market statistics and home price trends, hyper local inventory information, and one on one agent interviews. Thanks for stopping by!

    Share this story: