Trying a little something different this month for the monthly stats presentation. Be sure to click "FullScreen" from the menu button in the lower left of the SlideShare window below.
Average Sales Price for a Plymouth Michigan Home for Sale: $210,653
While month over month, the average sales price is down from February's average of $259,035, there were over twice as many closings in March (17 in February vs 39 in March). The sheer increase in the number of closings could very easily explain the nearly $50,000 drop in average sales price.
Average Percent of Sales Price to List Price: 93.42%
In March, 2010 homes in Plymouth Michigan were selling for about 6.6% less than their original list price. Sellers, want to price your home to sell quickly? Settle on a market value price, then reduce it by about 10%. By doing so, you will signal to buyers that you know where the value in this market is and that you are willing to sell your home, not just list it.
Average Days on Market for a Plymouth Michigan Home for Sale: 90
3 months was the average time on market for a Plymouth Michigan home for sale that closed in March, 2010.
Average Price per Square Foot for a Plymouth Michigan Home: $108 per square foot
At an average sales price of $108 per square foot, it is apparent where homes in the Plymouth Michigan real estate market should be priced. Again, this is the average dollar per square foot of an average home in the market that closed in March. Roughly translated: if you would like to sell your 2400 square foot home in an average of 90 days in Plymouth, you should expect your home to sell for an average sales price of $259,000.