Average sales prices are up 43% in Macomb County over September 2010

By
Real Estate Broker/Owner with BROOKVIEW REALTY

Average sales prices are up 43% in Macomb County over 2010

Fresh data provided by MiRealsource MLS, reports that the average sales price is up over 43% from September 2010 levels.

View report

Bank owned real estate sales in Macomb County dropped to 29% from 38% in 2010.

Trend Analysis For Macomb County Residential Homes
Period  # Sold Private Private  # Sold  Bank/Gov Bank/Gov # Sold Lease Lease  AVG Sale Price Private  Avg Sale Price Bank/Gov AVG Sale Price All
Q3 2010 1,063 51% 795 38% 218 11 $110,276 $64,480 $92,427
Q3 2011 1,568 62% 719 29% 229 9% $109,875 $63,522 $94,662
                   
YTD Summary Totals
2009 3,378 38% 4,614 52% 842 10%      
2010 4,270 58% 3,283 31% 834 11%      

So are we at "the bottom"? I believe that if we aren't, we are pretty close. Now is a great time to buy in Macomb County. Property values on average are what they were back in 1995-1996. It is a great time to move into a larger, newer home. Or if your current home is too large, I can assist you in finding a smaller less costly property.

If you would like more detailed information in regards to the market value of your home in Macomb County Michigan please don't hesitate to contact me either via phone or email.

www.LookForHomes.com

View the entire report

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David Elya

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