Plymouth Michigan Housing Stats | August 2010

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August 2010 Plymouth MI Real Estate Stats

Average Sales Price: $226,508

August 2010 saw the average sales price decrease by over 12%.  There were 26 homes that closed in Plymouth during the month of August.  That is 4 more than closed in July.

Average Sales Price to List Ratio: 92.62%

In August, the sellers gave up less of their list price than in July.  July saw sales prices within 8.2% of the list price, while in August, sellers only gave up 7.3% of their list price.  This ratio is based on the original list price of the home to the final sales price.  Please note that this ratio does not take into account any concessions or money back from the seller to the purchaser.

Average Number of Days on the Market:  65

Just over two months is what it took, on average, for homes to sell in August.  This means that if your home was of average price and quality, it would have sold for an average of 93% of list price within 65 days.

Average Sales Price per Square Foot:  $104

Pricing is what moves a property.  End of story.  In Plymouth, the average price per square foot of a home sold in August was $104.  When considering pricing 0n your home, be aware of the average prices that folks are selling their homes for, not listing.  A listing price is simply the seller’s “initial offer” to buyers considering purchasing their home.

Are you looking for clarity and straight answers in this real estate market?  Hit the “Call Me” button over there on the right and let’s set a time to talk South East Michigan real estate and learn why you should “Step Up!” to Professional One.

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Todd Waller Real Estate
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