Farmington Hills foreclosure trend

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Real Estate Agent with Real Estate One 6501304423

Farmington Hills Real Estate Update

Here is a quick Farmington Hills sold homes update for one of my buyers to see what is going on recently.  Here are all the colonial homes that have sold in the 2200 -2950 square foot range in the last 30 days.  Look at the sold price versus the list price.  There were five that sold for over list price and two more that sold very close.  But on the other end there were some that sold for 10% less.   The average days on the market for these homes were 91 days.

ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
38500 LANCASTER DR 144900 153700 11 59.7125 2574 1985
30856 WOODSTREAM DR 161500 156900 35 62.0648 2528 1971
31165 APPLEWOOD LN 169900 175650 16 65.5165 2681 1976
38632 SOUTHFARM LN 195000 180000 165 64.7482 2780 1959
28423 BRANDYWINE RD 199900 187500 170 75.6048 2480 1959
25292 BRIDLEPATH LN 209900 190500 16 81.9002 2326 1987
25383 CAROLLTON DR 195000 195000 2 70.5244 2765 1983
29250 SUNRIDGE 229900 228900 97 87.333 2621 1998
37756 EMERALD FOREST 229900 229100 12 80.4989 2846 1989
30820 COUNTRY RIDGE CIR 230000 230000 85 83.5452 2753 1988
30223 KIMBERLY CT 249900 235000 141 95.723 2455 2008
38373 LANA CT 230000 238500 84 93.3829 2554 1984
25550 HUNT CLUB BLVD 259900 245000 36 105.4216 2324 1987
34559 BUTTON CT 275000 245000 41 105.5124 2322 1997
39206 SILVERTHORNE BEND 274900 250000 117 105.9322 2360 2007
38654 CEDARBROOK CT 274900 252500 63 100.1586 2521 1984
29022 CREEK BEND DR 275000 270000 20 96.1538 2808 1973
36840 ASPEN DR 309900 280000 59 102.414 2734 1993

Now here is by the area between Haggerty Rd to Farmington Rd from 12 to 14 Mile Rd  Again Colonial homes but no square footage restrictions.  You will note that there were some big colonials that sold cheap.  They were probably Farmington Hills foreclosures that needed a lot of work. 

ADDRESS LIST PRICE SALE PRICE DOM SP PER SQFT SQUARE FOOTAGE YEAR BUILT
38500 LANCASTER DR 144900 153700 11 59.7125 2574 1985
37458 WORCHESTER AVE 167900 163000 17 75.3931 2162 1985
35362 GLENGARY CIRCLE 170900 165000 120 51.6917 3192 1977
31165 APPLEWOOD LN 169900 175650 16 65.5165 2681 1976
29810 DEER RUN 192900 194000 45 62.0006 3129 1980
30498 KNIGHTON DR 219000 203000 38 102.5252 1980 1984
37756 EMERALD FOREST 229900 229100 12 80.4989 2846 1989
30820 COUNTRY RIDGE CIR 230000 230000 85 83.5452 2753 1988
34559 BUTTON CT 275000 245000 41 105.5124 2322 1997
38654 CEDARBROOK CT 274900 252500 63 100.1586 2521 1984
29022 CREEK BEND DR 275000 270000 20 96.1538 2808 1973
28005 LARSON LN 282000 316000 14 104.3593 3028 2002
29151 AUGUSTA 399000 325000 91 95.5882 3400 1993
28924 AUGUSTA 525000 445000 59 114.8387 3875 1992

This is just a general guide of Farmington Hills foreclosures sold trends.   To really understand it you might have to look at the individual house listings that sold to see whether they were foreclosures and what was the shape of the home.

Usually Farmington homes that are in good shape sell for more money per square foot and quicker. A dumpy Farmington Hills foreclosure or poorly maintained home will sit on the market and will sell for much less.

Russ Ravary Metro Detroit real estate agent

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Comp and listing info courtesy of Real Comp II.  Homes shown above have been sold by various Realtors.

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Rainer
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Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

There are a lot of street names that I recognize from my time working in Farmington Hills back in 1994.

Jun 27, 2009 03:29 AM #1
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