Eva Morrow reports for Farmington Hills Michigan Real Estate a strong buyers market. The Current Market Conditions and Residential Home Market Summary are below:
Up to 100,000:
Residential Summary: Active Listings: 32 Average List: $80,341 Average List $/Sq Ft: 73.66 Average Market Time: 173.19
Pending Active Listings: 15 Average List: $78,227 Average List $/Sq Ft: 55.87 Average Market Time: 119.13
Sold Active Listings: 163 Average List: $76,500 Average List $/Sq Ft: 54.16 Average Market Time: 119.05
All Listings Total Listings: 210 Average Total DOM: 137.12
High Value Low Value Average Value List Price: $100,000 $50,000 $80,341 Sold Price: $100,000 $50,000 $76,500
101,000 to 150,000:
Residential Summary Active Listings: 50 Average List: $132,430 Average List $/Sq Ft: 94.44 Average Market Time: 155.64
Pending Active Listings: 20 Average List: $126,884 Average List $/Sq Ft: 69.55 Average Market Time: 104.45
Sold Active Listings: 262 Average List: $129,517 Average List $/Sq Ft: 76.87 Average Market Time: 119.47
All Listings Total Listings: 332 Average Total DOM: 126.52
High Value Low Value Average Value List Price: $150,000 $104,900 $132,430 Sold Price: $150,000 $101,000 $129,517
151,000 to 200,000:
Residential Summary Active Listings: 71 Average List: $176,866 Average List $/Sq Ft: 96.17 Average Market Time: 173.77
Pending Active Listings: 32 Average List: $177,158 Average List $/Sq Ft: 81.91 Average Market Time: 85.22
Sold Active Listings: 308 Average List: $175,135 Average List $/Sq Ft: 82.97 Average Market Time: 129.43
All Listings Total Listings: 411 Average Total DOM: 129.47
High Value Low Value Average Value List Price: $200,000 $154,900 $176,866 Sold Price: $200,000 $151,000 $175,135
201,000 to 299,000
Residential Summary Active Listings: 111 Average List: $248,806 Average List $/Sq Ft: 104.07 Average Market Time: 198.80
Pending Active Listings: 28 Average List: $238,539 Average List $/Sq Ft: 88.14 Average Market Time: 111.46
Sold Active Listings: 345 Average List: $241,366 Average List $/Sq Ft: 93.74 Average Market Time: 129.17
All Listings Total Listings: 484 Average Total DOM: 146.47
High Value Low Value Average Value List Price: $296,000 $204,000 $248,806 Sold Price: $299,000 $201,000 $241,366
300,000 plus:
Residential Summary Active Listings: 73 Average List: $589,337 Average List $/Sq Ft: 147.99 Average Market Time: 228.92
Pending Active Listings: 6 Average List: $341,533 Average List $/Sq Ft: 96.17 Average Market Time: 110.50
Sold Active Listings: 88 Average List: $392,683 Average List $/Sq Ft: 115.57 Average Market Time: 186.31
All Listings Total Listings: 167 Average Total DOM: 175.24
High Value Low Value Average Value List Price: $3,995,000 $309,000 $589,337 Sold Price: $1,100,000 $300,000 $392,683
ZIP Codes: 48331, 48333, 48334, 48335, 48336 Location Characteristics: Farmington Hills is located in Southern Oakland County and is one of the largest communities in the Metro Detroit area. As of the census of 2000, there were 82,111 people, 33,559 households, and 21,813 families residing in the city. The population density was 2,466.4 per square mile (952.3/kmē). There were 34,858 housing units at an average density of 1,047.0/sq mi (404.3/kmē). This city grew as an extension of the city -of Farmington, and incorporated as a city in 1973, under a home rule city charter. Today it includes many diverse businesses and shopping areas, and it is also the home of several major corporations. It is also host to several institutions of higher learning, including Oakland Community College, William Tyndale Bible College, and an extension campus to Wayne State University. It has a population of approx. 80,000 and covers 33.4 square miles. The Holocaust Memorial Center, that was originally part of the Jewish Community Center in neighboring West Bloomfield Township has since been moved to Farmington Hills.
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.
