Metro Detroit real estate update

Clock tower in Plymouth Michigan

I wanted to show people that real estate in Metro Detroit is going strong. The majority of homes sold in many cities are selling at or above list price. Many of them 1-2% above list. If you are thinking of selling it is a great time to sell because of the low interest rates and low inventory. If you are smart and price it right you should get a price that is at the top of the market. Of course I mean you will get top price if the home is updated and in move in ready condition. Homes that are worn, need carpet, or touch up painting are not going to get top dollar. Todays buyers want move in ready homes and will skip over average homes.

PLYMOUTH REAL ESTATE UPDATE

Here are the 10 homes that sold in Plymouth in the last 7 days.
1.) Out of the ten 5 sold at or above list price, but not by more than 2 1/2% higher than list price
2.) 4 of them sold within 4% of list price
3.) The lowest price home sold for 9% below

WEST BLOOMFIELD REAL ESTATE UPDATE
Here are the 11 homes that sold in West Bloomfield in the last 7 days.

1.) Out of the ten 5 sold at or above list price, but not by more than 1 % higher than list price

2.) 5 of them sold within 5% of list price

3.) The lowest price home sold for 6% below list

BLOOMFIELD TOWNSHIP REAL ESTATE UPDATE

Here are the 12 homes that sold in Bloomfield Hills & Bloomfield Township in the last 7 days.

1.) Out of the twelve only 2 sold at or above list price, but not by more than 1% higher than list price

2.) 4 of them sold within 5% of list price

3.) The lowest price home sold for 11% below list. 4 of them sold close to 10% less than list price

WHITE LAKE REAL ESTATE UPDATE

Here are the 8 homes that sold in White Lake in the last 7 days.

1.) Out of the eight homes 6 sold at or above list price, but not by more than 2 1/2% higher than list price.

2.) 1 of them sold within 6% of list price

3.) The lowest price home sold for 11% below list

So bottom line homes are still selling strong in Metro Detroit. If you are thinking of listing give me a call at 248-310-6239. We get them sold!