Canton, Michigan real estate update

By
Real Estate Agent with Real Estate One 6501304423

Here is an update on the Canton real estate market.  It is a buyers market in Southeastern Michigan with Canton real estate being no different.  In Canton some bargain homes are selling for as little as $100 a square foot.  There are lots of bargains out there if you are patient and search for them.  If you don't let your emotions get the best of you will get a great home value.  Newer Canton homes seem to be holding their value better, but there are even good deals in homes under 7 years old.  Feel free to go to my website www.russravary.com to search for Canton Homes for sale.

Here are statistics on how long Canton homes in Michigan are on the market in different price ranges.  If you are thinking of buying a home and have a home to sell, look at the chart carefully.  Can you afford to pay two mortgage payments up to a 150, or 217 days (that's an average too)  Can you imagine how long some homes are on the market if that is the average?  My recommendation to anybody looking to buy a homewith a home to sell is:  DON'T BUY UNTIL YOU SOLD YOUR HOME.  You must realize that buyers are going to low-ball you, and make offers that will insult you.  You have to be motivated to sell in this market.  If you do not have to sell, want a high price,or just testing the market, don't waste your time.   This isn't the market to be the highest price in the neighborhood.  The only #1 spot you will end up getting is the longest time on the market. (before you pull it off unsold, or before you have to drop price in line with the other Canton homes).  Why would somebody pay $20,000 or $30,000 more for your home when they can get a similar home down the street for less. 

Price Statistics

Num of Listings   60
 
45
30
15
 
44 58 41 28 36 20 19 20 26 16
  R1 R2 R3 R4 R5 R6 R7 R8 R9 R10
 

 

Price Statistics Legend
Range Name Price Range Number of Listings Days on Market
R1 200000 to 220000 44 152
R2 220001 to 240000 58 134
R3 240001 to 260000 41 207
R4 260001 to 280000 28 233
R5 280001 to 300000 36 133
R6 300001 to 320000 20 84
R7 320001 to 340000 19 119
R8 340001 to 360000 20 190
R9 360001 to 380000 26 217
R10 380001 to 400000 16 200

For the 308 listings: For the 0 Sold listings:
Average List Price $283,291.00 Average Sold Price $0.00
Median List Price $270,000.00 Median Sold Price $0.00
Highest List Price $400,000.00 Highest Sold Price $0.00
Lowest List Price $200,000.00 Lowest Sold Price $0.00
Average Market Time 164 Average Market Time 0

I hope this information gave you a glimpse of the Canton Real estate market in Michigan

Have a great day.  Russ Ravary

Canton MI real estate

Comp and Listing Information Courtesy of Realcomp II Ltd, Properties shown have been listed and sold by various MLS member REALTOR® agents

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Russ Ravary

Real Estate One

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Michigan Wayne County Canton
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real estate
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Rainer
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Karen Webster...Grand Rapids, MI Realtor
5 Star Real Estate, Grand Rapids MI - Grand Rapids, MI
Hi, Russ.  Great report.  Always good to see another Michiganian on AR.
Jan 30, 2008 02:36 PM #1
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