The Dexter luxury Real Estate market synopsis follows. As of February, there are 33 active homes for sale above $500,000: RES 2-Photo View (MLX). The average list price per square feet is $218.12. The average square feet of these Dexter, Michigan homes is 3,772 with average list price is $757,893. There is one pending home 5920 JOY.
Note there are 36 withdrawn and 12 expired listings. The withdrawn listings have a list price per square feet of $194.21. The expired listing price per square feet is $189.88. Both of these segments show a gap from the average sold price per square feet of $177.29.
The 4 sold homes range in bedrooms from 4 or 5 and baths from 2 to 5. The most recent sold homes are mapped below. The average sold price per square feet of these sold homes is $177.29. These homes sold since 10/1/09. The average list price to sold price of these homes is 86 percent.
Sellers will sell when the supply of Dexter luxury homes reduces and asking prices adjust to the market. I urge my clients to compare their home to the competition and choose a competitive price and impeccable condition. Over the last 12 months 8 homes have sold in this category 8/12 =.66. (34-8)/.66=39 months or 39/12 =3.3 years of supply of homes in Dexter luxury homes for sale. Pricing the home so it the best value is where you need to be if you want to sell. Look at the data with regard to square feet detail, and other amenities to beat the competitors. Remember it is a price war and beauty contest. The good news, once you have the data, the choice is up to you. Consult with the Ann Arbor Area Real Estate Experts for the latest statistics.
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Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
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