2017 SALES RESULTS
Average sales price of all homes sold in 2017---$126,390.00
Total number of homes sold in 2017---483
2017 SALES INFORMATION
Prices continued to rise in 2017 as we saw an increase of average sales price of $12,261.00. Sales volume also was good as we experienced the second most homes sold since I began tracking in 1986. A strong sellers market continued in 2017 as buyers had to compete for an all too small inventory. As of 1/18/18 we only had 41 houses to sell. Compare that to an average of around 100-150 that we usually carry. At the peak of the recession, I remember seeing inventory as high as 350+. We are still $24,000.00 below our peak sales price in 2005 of $150,392.00. At this rate, we will attain that level in two more years. If you would have told me it would take us 8-9 years to build back our equity I would not have believed it.
Allen Park continues to move forward. The Road Millage we passed two years ago has been put to good use as we see our infrastructure improve on a steady basis. Our new City Hall is also progressing nicely and we can expect to be able to move in this coming Spring. Holiday Inn Express and Hampton Inn are also on track to be open this Spring. Southbound I-75 is still a year away from being completed, so any surface road going South has been totally clogged up.
If you are looking to sell your home, please give me a call and I will be happy to come out and answer any questions you may have, NO CHARGE. If you are looking to buy a home in Allen Park, I would love to work with you. Looking outside of Allen Park? I have four great buyer broker agents ready to assist you. Please feel free to give me a call so we can set up an appointment when you are ready.
I am so very Thankful for all of you who have let me work for you the past 31 years. I love my job and cannot think of anything else I would rather do. I am truly a lucky man. THANK YOU!!!
|
