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November 30, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bloomfield Township, Michigan

Reported by Eva Morrow, Associate Broker

Updated November 13, 2009.

Current Market Rating: 2




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 3




1
2
3
4
5
Falling

Rising

Eva Morrow reports for Bloomfield Michigan Real Estate a strong buyers market with plenty of opportunities to invest in great deals now: View the stats below:-

Residential Summary:

Up to 250,000

Active Listings: 90
Average List: $192,284
Average List $/Sq Ft: 98.91
Average Market Time: 203.24

Pending Listings: 47
Average List: $171,953
Average List $/Sq Ft: 77.30
Average Market Time: 126.64

Sold Listings: 313
Average Sale:$174,227
Average Sale $/Sq Ft: 81.94
Average Market Time: 140.02

All Listings
Total Listings: 450 Average Total DOM: 156.63

High Value Low Value Average Value
List Price: $250,000 $59,900 $192,284
Sale Price(Sold): $250,000 $65,000 $174,227


251,000 to 549,000:

Active Listings: 151
Average List: $374,055
Average List $/Sq Ft: 142.65
Average Market Time: 213.66

Pending Listings: 37
Average List: $383,908
Average List $/Sq Ft: 117.84
Average Market Time: 292.32

Sold Listings: 273
Average Sale:$358,762
Average Sale $/Sq Ft: 122.36
Average Market Time: 156.31

All Listings
Total Listings: 461 Average Total DOM: 220.76

High Value Low Value Average Value
List Price: $549,000 $255,000 $374,055
Sale Price(Sold): $545,000 $251,000 $358,762


550,000 and up:

Active Listings: 173
Average List: $1,500,753
Average List $/Sq Ft: 298.99
Average Market Time: 307.60

Pending Listings: 9
Average List: $1,782,222
Average List $/Sq Ft: 304.44
Average Market Time: 174.00

Sold Listings: 115
Average Sale:$858,718
Average Sale $/Sq Ft: 193.35
Average Market Time: 182.20

All Listings
Total Listings: 297 Average Total DOM: 221.26

High Value Low Value Average Value
List Price: $6,800,000 $550,000 $1,500,753
Sale Price(Sold): $3,350,000 $550,000 $858,718




ZIP Codes: 48304, 48301, 48302

Approximate Location Boundaries: South of Square Lake, North of 14 Mile East of Inkster, West of Adams - Includes Bloomfield Hills Too.

Location Characteristics: Great Schools, parks, nature trails, and easy access to both Telegraph and Woodward, makes Bloomfield Twp a great place to live. Drive anywhere in minutes, and enjoy public lakes, scenic views, and numerous fine restaurants and shopping strip centers. There are starter homes and fine estates, apartment buildings and condominiums with the population being approximatly 43,000. Bloomfield Hills consistently ranks as one of the top five wealthiest cities in the United States, with population between 2,500 to 9,999 — it currently is listed at the number four position and in 1990 it was ranked number two[5], and has the highest income of any city outside of California or Florida. The median income for a family was $200,000. 39% of households in Bloomfield Hills have a value of over $1,000,000 In Bloomfield you'll also enjoy, The Cranbrook Academy of Art, a prominent graduate school of architecture, art and design. Founded in 1932 by philanthropist George Gough Booth and wife Ellen Scripps Booth, it is part of the larger Cranbrook Educational Community, also founded by the couple.Cranbrook is renowned for its architecture in the Arts and Crafts Movement style. The chief architects were Albert Kahn and Eliel Saarinen. Renowned sculptors Carl Milles and Marshall Fredericks also spent many years in residence at Cranbrook.



For More Information:

View Market Conditions of other areas served by Eva Morrow

Navigate: Top > Michigan > Bloomfield Township

About Eva Morrow:
Thank you for visiting my Market Conditions Report. As a Franklin resident and successful business woman, I'm passionate about real estate. I drive to deliver results and always achieve my client's real estate goals. I believe in providing excellent customer service and go above and beyond the call of duty to service my clients. I believe in succeeding and delivering the highest quality service that anyone could possibly provide in the real estate industry. The process of buying and selling a home can be fun and rewarding. I've been an entrepreneur for over 20 years and I know how to get the job done right. Please take a moment to listen to my clients testimonials and know that I can lead you through the real estate process with confidence and security. I'm also involved in the Franklin community and work hard to support the local businesses there. I look forward to working with you and would love to hear from you anytime. Please feel free to send me an e-mail to eva@evamorrow.com. Also vist my high end marketing at www.MichiganHomes.Net where you can search the entire michigan multiple listing service online:

∙ Accurate Analysis
∙ Always on the Cusp of New Marketing Techniques
∙ Direct Communication by Phone and E-Mail
∙ State of the Art Internet Marketing
∙ Reaching Your Target Buyer
∙ Direct Response Advertising
∙ Direct Mail Marketing
∙ Key Internet Marketing
∙ Key Media Exposure
∙ Key Realtor Exposure
∙ Toll Free 800 Info line for your home
∙ Statistical updates
∙ Guarenteed results
∙ Perfected negotiating skills


Eva's website "www.MichiganHomes.Net" is in the top searches on Yahoo, Google, MSN and others and features an individual web page for every listing. Buyers can also find school and community information and be pre-approved online. Eva is a dedicated serious realtor who will provide the highest level of service for her clients. Please call Eva for a real estate consultation and experience the difference! Eva 248-320-9100


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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