2020 AVERAGE SALES PRICE $150,781.00
252 HOMES SOLD
Average time on the market 35 days
2020 started out with a bang, continuing the great market we experienced in 2019. Prices had been stuck around $140,000.00 most of last year but saw a nice uptick to an average sales price of $150,781.00(an increase of $1,000.00/a month). Our Governor shut down our business in mid-march and opened us up in the middle of May. We were not allowed to work during those days.
I believe the reason for the price increase is the amazingly low amount of homes for sale in Allen Park. As of 8/25/20 there were only 29 homes for sale! We have never seen a number that low in over 30 years. When we were allowed to go back to business, I expected a load of new listings to pop up, but the first day back only saw a half dozen homes put on the market. Since then they have been slowly trickling in only to be gobbled up quickly as soon as they hit.
I believe the market will be strong the rest of this year and be tilted in the Sellers favor. The big question mark is will the Coronavirus come back strong and shut us down for another time period. Only God knows. Until then, I will continue to wash my hands, not touch my face and stay six feet away from anyone but my girlfriend!
Last year our City Council decided to require a City Inspection when you sell your home. As of 8/25/20 the building department is getting organized to get this program rolling. My guess is that the inspection will cost sellers around $100-150.00. Once we have the inspection in hand, either the seller or buyer will have to complete any required repairs. I will keep you posted as soon as I hear.
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 three 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 34 years. I love my job and cannot think of anything else I would rather do. I am truly a lucky man. THANK YOU!!!