2016 SALES RESULTS
Average sales price of all homes sold in 2016---$114,129.00
Total number of homes sold in 2016---510
Total number of homes on the market as of 1/10/16---62
Average asking price of all active homes---$125,941.00
Total number of home sales pending a closing---52
Average listing price of all pending home sales---$114,618.00
2016 was an amazing year for Allen Park Real Estate. We sold 510 homes in Allen Park for an average sales price of $114,129.00. That is an increase of $8,820.00 for the year. Sales price increase pace has slowed down about 25% from last year. Good news is that we sold more houses in a single year, than any other year, since I started keeping track 30 years ago. The previous sales record was 470 homes sold in2013. At our peak, our average sales price was $150,392.00 in 2005. At our current pace, we will be back to our peak sales price within four more years (2020).
2016 saw an amazing transformation on the condition of our roads. We raised a millage last year specifically designated for road improvement, and they really went to town last year. The worst road in town was completly rebuilt (Garfield betwen Allen and Rosedale) along with Niver (betwen Englewood and Wick and Shenandoah (betwen Pinecrest and Ecorse). Many smaller jobs were completed throughout the town. I am excited about how much will be done this year.
We are also considering moving our City Hall to the old Oakwood Medical Facility on Southfield (right next to Tim's Coney Island and the 245h District Court). See last issue of the ALLEN PARK INSIDER for the history of all of our former City Hall's (click the link at the top of the page). Old City Hall will be demolished soon and a small strip mall will take it's place. Behind City hall will be a car storage lot for a local dealer.
It has been a great sales year for myself and my Associates here at Park Avenue Realty. I am proud of my Associates because they all do a fantastic job working for their clients. 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. 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 30 years. I love my job and cannot think of anything else I would rather do. I am truly a lucky man. THANK YOU!!!