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.
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.
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.
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
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
