Tuesday, January 5, 2010

Farmington Hills real estate

Here is a quick glimpse of what is happening with Farmington Hills real estate and more specifically Farmington Hills Condos. This just shows how many are for sale in the different price ranges and how long they have been on the market. These are the Farmington Hills condos that are currently for sale. You see there are quite a few condos that are priced under $60,000.

This year I have helped quite a few young people get into condos. I had a couple of buyers that bought condos for cash. They are going to live in these condos and have a lower payment than they can rent for. And they own the place.

Some of these condos my clients have bought were very nice. Move in ready, freshly painted. Quiet condo associations. I have helped clients buy stand alone ranch condos for $75 a square a foot that were spacious, newer, move in ready, and in a gated complex. I have seen 2500 square foot condos for under $150,000. There are lots of good condo deals out there..... and still quite a few good home deals.

Farminton Hill Condo Price Statistics


Price Range Number of Listings
0 to 20,000 1 590 days on market
20,001 to 40,000 16 203 days on market
40,001 to 60,000 24 164 days on market
60,001 to 80,000 17 230 days on market
80,001 to 100,000 11 338 days on market
100,001 to 120,000 16 230 days on market
120,001 to 140,000 19 231 days on market
140,001 to 160,000 14 205 days on market
160,001 to 180,000 16 151 days on market
180,001 to 200,000 6 137 days on market
200,001 to 220,000 2 465 days on market
220,001 to 240,000 2 428 days on market
240,001 to 260,000 5 193 days on market
260,001 to 280,000 2 265 days on market
280,001 to 300,000 2 85 days on market
300,001 to 320,000 1 805 days on market
320,001 to 340,000 0 0
340,001 to 360,000 2 146 days on market
360,001 to 380,000 2 140 days on market
380,001 to 390,000 1 974 days on market

For the 159 listings: Average List Price $124,420.00
Median List Price $112,000.00
Highest List Price $390,000.00
Lowest List Price $20,000.00
List Volume $19,782,780.00
Avg. Days On Market 222


If you have any questions or would like to get started looking for your own home give me a call. I will be glad to sit down and go over your goals.

 

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