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Plymouth MI real estate update

With the Metro Detroit real estate market losing so much value in the last few years.  It is more important than ever to keep abreast of what is going on.  If you have a Michigan relocation in your future or if you are just moving from Oakland County to Wayne Co hopefully this will help you. Whether you are buying or selling Plymouth MI real estate it pays to know what the average time on the market.

 

 

Plymouth MI Price Statistics

  Price Range Number of Listings Days on Market
       
  12,000 to 112,000 18 98
  112,001 to 212,000 66 202
  212,001 to 312,000 34 185
  312,001 to 412,000 25 168
  412,001 to 512,000 23 145
  512,001 to 612,000 4 232
  612,001 to 712,000 2 200
  712,001 to 812,000 3 786
  812,001 to 912,000 0 0
  912,001 to 1,012,000 0 0
  1,012,001 to 1,112,000 0 0
  1,112,001 to 1,212,000 2 1022
  1,212,001 to 1,312,000 0 0
  1,312,001 to 1,412,000 0 0
  1,412,001 to 1,512,000 1 237
  1,512,001 to 1,612,000 0 0
  1,612,001 to 1,712,000 0 0
  1,712,001 to 1,750,000 1 99

For the 179 Plymouth home listings:

For the 11 Plymouth Sold listings:

Average List Price $296,382.00 Average Sold Price $216,594.00
Median List Price $229,900.00 Median Sold Price $183,770.00
Highest List Price $1,750,000.00 Highest Sold Price $350,000.00
Lowest List Price $55,000.00 Lowest Sold Price $66,000.00
List Volume $53,052,370.00 Sales Volume $2,382,533.00
Avg. Days On Market 195 Avg. Days On Market 163
unty

Plymouth foreclosures Price Statistics

  Price Range Number of Listings Days on Market
       
  40,000 to 60,000 1 135
  60,001 to 80,000 2 44
  80,001 to 100,000 7 46
  100,001 to 120,000 8 82
  120,001 to 140,000 1 25
  140,001 to 160,000 4 51
  160,001 to 180,000 1 7
  180,001 to 200,000 1 25
  200,001 to 220,000 0 0
  220,001 to 240,000 0 0
  240,001 to 260,000 2 27
  260,001 to 280,000 2 51
  280,001 to 300,000 1 23
  300,001 to 320,000 0 0
  320,001 to 335,000 2 45

For the 32 Plymouth foreclosure listings:

For the 2 Plymouth foreclosure Sold listings:

Average List Price $152,819.00 Average Sold Price $123,000.00
Median List Price $119,900.00 Median Sold Price $123,000.00
Highest List Price $335,000.00 Highest Sold Price $180,000.00
Lowest List Price $60,000.00 Lowest Sold Price $66,000.00
List Volume $4,890,210.00 Sales Volume $246,000.00
Avg. Days On Market 53 Avg. Days On Market 28

18% of the homes that sold were Plymouth foreclosures.  Which is the same percentage of Plymouth foreclosures listed to the total number of Plymouth homes listed. What is amazing about the Plymouth real estate statistics above is that only 2 foreclosed homes sold last month.  They did sell fairly quickly in only 28 days.  In many other Wayne County cities the ratio of Michigan foreclosures sold is much higher.  Some cities have 30% of the homes sold are foreclosures.

Russ Ravary

Helping you to get your Plymouth home sold quicker and for more money

My quote of the day:

People are like stained-glass windows.
They sparkle and shine when the sun is out,
but when the darkness sets in,
their true beauty is revealed
only if there is a light from within.

~ Elizabeth Kubler-Ross ~

 

Photos, comps and listing information courtesy of Realcomp II Ltd.  Properties shown have been listed and sold by various MLS member REALTOR® agents



http://www.detroitmichiganrealestatehomes.com/00491A
Posted on Jan 06, 2009 @ 9:59 pm by russ.ravary - View Profile
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Russ Ravary
44785 Five Mile Road
Plymouth, MI 48170


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