Moving to West Bloomfield – West Bloomfield home buyer tips

If you are thinking of buying a home in West Bloomfield I want to share some of W Bloomfield’s real estate statistics with you so you can make a sound decision. It pays to understand the market in West Bloomfield before you buy.  For example if you know the average home is taking only 30 days to sell then you may be able to make a lower offer on a home that has been on the market for 60 or 90 days.

Month: Nov 2017, Days to Sell, Average: 52 Month: Oct 2017, Days to Sell, Average: 30 Month: Sep 2017, Days to Sell, Average: 38 Month: Aug 2017, Days to Sell, Average: 34 Month: Jul 2017, Days to Sell, Average: 28 Month: Jun 2017, Days to Sell, Average: 32 Month: May 2017, Days to Sell, Average: 35 Month: Apr 2017, Days to Sell, Average: 42 Month: Mar 2017, Days to Sell, Average: 38 Month: Feb 2017, Days to Sell, Average: 56 Month: Jan 2017, Days to Sell, Average: 48
Time frame is from Dec 2016 to Nov 2017
Results calculated from 816 listings residential Listings in West Bloomfield Michigan
The next graph is showing that prices in West Bloomfield real estate is going up slowly.  The trend for home prices in West Bloomfield is up but they do have ups and downs during the year.

Month: Oct 2017, Sale Price, Median: $284,000 Month: Sep 2017, Sale Price, Median: $301,000 Month: Aug 2017, Sale Price, Median: $302,000 Month: Jul 2017, Sale Price, Median: $294,750 Month: Jun 2017, Sale Price, Median: $285,000 Month: May 2017, Sale Price, Median: $276,250 Month: Apr 2017, Sale Price, Median: $300,000 Month: Mar 2017, Sale Price, Median: $245,000 Month: Feb 2017, Sale Price, Median: $241,500 Month: Jan 2017, Sale Price, Median: $290,000 Month: Dec 2016, Sale Price, Median: $245,000 Month: Nov 2016, Sale Price, Median: $258,000 Month: Oct 2016, Sale Price, Median: $272,000 Month: Sep 2016, Sale Price, Median: $259,900 Month: Aug 2016, Sale Price, Median: $256,500 Month: Jul 2016, Sale Price, Median: $248,401 Month: Jun 2016, Sale Price, Median: $287,750 Month: May 2016, Sale Price, Median: $260,000 Month: Apr 2016, Sale Price, Median: $260,000 Month: Mar 2016, Sale Price, Median: $249,900 Month: Feb 2016, Sale Price, Median: $229,250 Month: Jan 2016, Sale Price, Median: $250,000 Month: Dec 2015, Sale Price, Median: $237,000 Month: Nov 2015, Sale Price, Median: $246,750 Month: Oct 2015, Sale Price, Median: $240,000 Month: Sep 2015, Sale Price, Median: $289,200 Month: Aug 2015, Sale Price, Median: $250,000 Month: Jul 2015, Sale Price, Median: $239,900 Month: Jun 2015, Sale Price, Median: $253,000 Month: May 2015, Sale Price, Median: $218,000 Month: Apr 2015, Sale Price, Median: $253,750 Month: Mar 2015, Sale Price, Median: $225,000 Month: Feb 2015, Sale Price, Median: $220,000 Month: Jan 2015, Sale Price, Median: $226,500 Month: Dec 2014, Sale Price, Median: $228,000 Month: Nov 2014, Sale Price, Median: $248,250 Month: Oct 2014, Sale Price, Median: $235,200 Month: Sep 2014, Sale Price, Median: $230,000 Month: Aug 2014, Sale Price, Median: $265,100 Month: Jul 2014, Sale Price, Median: $236,500 Month: Jun 2014, Sale Price, Median: $255,925 Month: May 2014, Sale Price, Median: $218,000 Month: Apr 2014, Sale Price, Median: $196,500 Month: Mar 2014, Sale Price, Median: $224,500 Month: Feb 2014, Sale Price, Median: $215,000

Time frame is from Jan 2014 to Oct 2017

Results calculated from 3,477 listings
Some West Bloomfield home buyers like or automatically think they can low ball the list price.  Here is a graph showing how list price compares to sales price.  You will note that the average percentage is 96% of list price.  So making a low ball offer will not be in your best interest.

Month: Aug 2017, Close Price to List Price Ratio: 98.2% Month: Jul 2017, Close Price to List Price Ratio: 97.5% Month: Jun 2017, Close Price to List Price Ratio: 97.5% Month: May 2017, Close Price to List Price Ratio: 98.0% Month: Apr 2017, Close Price to List Price Ratio: 97.4% Month: Mar 2017, Close Price to List Price Ratio: 97.6% Month: Feb 2017, Close Price to List Price Ratio: 98.1% Month: Jan 2017, Close Price to List Price Ratio: 96.3%

Time frame is from Dec 2016 to Nov 2017

Results calculated from 816 listings
Currently there are 239 residential home listings for sale in West Bloomfield Michigan.  There are some that have been on the market for a 100 days or more.  Some of those homes are either over priced or are in poor condition for what they want for the home.  So the seller is either going to have to lower the price of the home or improve the condition to get the home sold.
There are quite a few beautiful lakes in West Bloomfield.  Green Lake in W Bloomfield MI  is a non- motorized lake that does not allow jet skis or speed boats.  It is a highly desirable lake for many lake home buyers.  Middle Straits Lake  in W Bloomfield Michigan is a private all sports lake that has easy highway access to M-5 and I-96.  There are so many beautiful homes on the lake to chose front.
There are very few foreclosures in West Bloomfield in fact currently there are only 4 foreclosures for sale
 
 

       
2614 LITTLETELL Avenue, West Bloomfield Twp 48324-1752
MLS#: 217084649 Status: ACTV Stat Dt: 09/19/17 List Price: $152,900
County: Oakland Area: 02181 Sqft: 1,330 DOM: N/49/49
School D: Pontiac Beds: 3 Yr Built: 1954 Acreage: 0.4
Prop Type: Residential Baths: 1.1 Bsmt: No Grg Size: 1 Car
Style:  Ranch Sum Tx: $1,619 Win Tx: $934 Fireplace: No
Pool: No
   

 
 

     
6757 EDWOOD Avenue, West Bloomfield Twp 48324-2833
MLS#:   Status: ACTV Stat Dt: 08/03/17 List Price: $196,200
County: Oakland Area: 02181 Sqft: 2,577 DOM: N/95/95
School D: West Bloomfield Beds: 3 Yr Built: 1978 Acreage: 0.35
Prop Type: Residential Baths: 1.1 Bsmt: Yes Grg Size: 2 Car
Style:  Ranch Sum Tx: $2,987 Win Tx: $1,527 Fireplace: No
Pool: No
   

 

6595 BLOOMFIELD Lane, West Bloomfield Twp 48322-3940
MLS#:   Status: ACTV Stat Dt: 06/05/17 List Price: $409,100
County: Oakland Area: 02181 Sqft: 5,225 DOM: N/154/178
School D: Birmingham Beds: 5 Yr Built: 1978 Acreage: 1.29
Prop Type: Residential Baths: 4.2 Bsmt: Yes Grg Size: 3 Car
Style:  Contemporary Sum Tx: $6,614 Win Tx: $5,182 Fireplace: Yes
Pool: No
   

 

6908 COVINGTON COURT Court, West Bloomfield Twp 48322-2962
MLS#:   Status: ACTV Stat Dt: 09/26/17 List Price: $549,000
County: Oakland Area: 02181 Sqft: 3,718 DOM: N/42/42
School D: Walled Lake Beds: 7 Yr Built: 2004 Acreage: 0.4
Prop Type: Residential Baths: 4.1 Bsmt: Yes Grg Size: 3 Car
Style:  Colonial Sum Tx: $5,589 Win Tx: $3,448 Fireplace: Yes
Recent: 10/25/2017 : DOWN : <spantitle=$592,800-&gt$549,000>$592,800->$549,000</spantitle=$592,800-&gt$549,000> Pool: No
   
Here are a couple of links to old articles on this website on Selling your Home – 4 Tips -West Bloomfield Property and How to buy a West Bloomfield foreclosure – Part 11.

I always want you to be prepared and understand how the real estate process works.  Many times it helps my clients from getting frustrated or upset when they understand that the problem or action is very common in the real estate process.  Whether you are looking to buy or sell feel free to email me at yesmyrealtor @gmail.com or call me at (248) 310-6239.

Russ Ravary your local metro Detroit realtor

 

My quote of the day is:

A dream doesn’t become reality through magic; it takes sweat, determination and hard work.
Colin Powell

 

 

 

 

 

 

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