There is no way to sugar coat what is going on with the real estate market and home prices in general in the Detroit Metro area.  This update is specific to the Commerce Township Real Estate market.  The number of homes sold in Commerce Township, so far in 2008 (29 homes sold) have fallen 31% compared to 2007 (42 homes sold) this same time.  In 2007 the highest price home sold through February was $600,000 and in 2008 the highest price home sold in Commerce Township was $421,600.

Whats worse is the condo or townhouse market in Commerce Township.  Homes prices have been hit hard, but not as hard as the condominium real estate market.  The average condo sold in 2007 for $115 per square foot compared to $90 per square foot in 2008.  Thats a decrease of 22%. …

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I know this will be hard to believe, but more homes sold in 2007 than in 2006 in Northville.  The Northville Real Estate market held its own in one of the toughest economies in the nation.  However the average sales price dropped by 9% in 2007. 

Northville Market Stats 2007 2006 # of Homes Sold 291      284      Avg. Sales Price $461,199 $505,376 Avg. Price Per Sq Ft ($/SF) $151.10/SF $164.88/SF Avg Days On Market 119 110 … Read Full Post

It's amazing to me how many times I am on a listing appointment in the Canton Real Estate Market and I am competing against other agents who never inform the sellers of what the current market statistics are.  How can a seller make an educated decision without knowing the facts about what exactly is going on in the real estate market.  Well those that are interested here are the latest statistics for the Canton Michigan Real Estate Market.

There are currently 888 Homes for sale in Canton, Michigan, of which 70 homes sold in the last 30 days.  That means 8% of the inventory is being sold each month.  951 homes have sold this entire year in Canton.  It took an average of 160 days to sell each home and if no other homes came on the market we now have 12…

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It's amazing to me how many times I am on a listing appointment in the Birmingham Real Estate Market and I am competing against other agents who never inform the sellers of what the current market statistics are.  How can a seller make an educated decision without knowing the facts about what exactly is going on in the real estate market.  Well those that are interested here are the latest statistics for the Birmingham Michigan Real Estate Market.

There are currently 618 Homes for sale in Birmingham, Michigan, of which 26 homes sold in the last 30 days.  That means 4% of the inventory is being sold each month.  240 homes have sold this entire year in Birmingham.  It took an average of 189 days to sell each home and if no other homes came on the market…

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The Northville Real Estate market is bad, and getting worse.  If you are thinking about selling, and want the most money possible, then why would you wait for the market to continue to decline? 

If you played the stock market and you owned a stock that you were very confident was going to continue to go down for a couple years, would you sell now or wait and let it keep going down, while you are watching it?  I would hope you would sell it NOW.   The good news is once you sell your home now, you will have your pick to search homes for sale in the MLS in Michigan, come spring time.  We have every indication that inventory will be at its all time high come spring of 2008.  If you wait to put your house on the market, you may be competing against more than…

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11 Reasons To List Your Plymouth Home During The Holiday Season

People who look for a home in Plymouth during the Holidays are more serious buyers!

Serious Plymouth Michigan buyers have fewer houses to choose from during the Holidays and less competition means more money for you!

Since the supply of Plymouth real estate listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you!

Plymouth houses for sale show better when decorated for the Holidays!

By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses Plymouth are on the market for less money!  This will allow you to…

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The Top 10 Reasons why homeowners in NORTHVILLE, MICHIGAN sell their home for more money in a shorter period of time during the holiday season.

Higher Quality Buyers--Buyers that are out looking during the holidays are serious Northville, Michigan buyers and are ready to make a decision, unlike in the Spring time when everybody is out "looking at homes."

Less Competition--Serious buyers have fewer choices of houses to choose from, because most sellers wait until Spring to sell their home, therefore the less competition your property has, the better your chances in Northville to SELL YOUR HOME.

Homes Show Better During the Holidays--Houses in Northville "show better" when decorated during the holidays with the wonderfuls lights and festive…

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It's amazing how many times I am on a competitive listing appointment in the Northville Real Estate market, or for that matter any Michigan Real Estate market, and I pull out the market stats for that area and the seller has never seen them before.  For whatever reason, most agents know nothing about their market statistics. 

My question is how can a sales professional properly price a property without knowing in which direction the market is heading?  How can you price a property in todays real estate market and not know the following statistics?  I feel it's my duty as a sales professional in the Northville Real Estate market to inform people as to what the statistics are so far this year.  The numbers don't lie...  Without the numbers, a seller cannot…

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