Promising Spring Real Estate Update for the Northville Area


Manage episode 152226691 series 1053854
By Ken Pozek. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
There are many great Novi and Northville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (248) 345-4894 for a FREE home buying or selling consultation to answer any of your real estate questions.

Spring Real Estate Update for the Northville Area
Today I wanted to do a quick video update for you about what has been happening in our local Northville market. If you've talked to me at all in the last few years, then you know that the market is in a great recovery.
  • Home values have shot up by 30% since 2011.
  • Things have gotten a bit stagnant in the last few months because of poor weather - but in the last 7 days, 116 new homes have hit the market.
    • Only 57 of these have sold, and 42 homes have lowered their listing prices since being on the market.
    • This would indicate to me that these homes were initially overpriced, or that buyers simply aren't as interested in buying as they were at this time last year.
  • It's a good time to be a buyer here in the Northville/Novi area because there are twice as many listings on the market than what we are actually selling. This doesn't mean that inventory is large, but it does give buyers a chance to take a short breath and find the most suitable property available.
  • If you're a seller, it's critical that you price your home right and to make sure that your home is marketed to the maximum amount of buyers.
Hopefully this information has been beneficial to you. If you have any questions or comments, then please contact me and I would be very glad to assist you.

Consider me your #1 resource for real estate in the Northville and Novi areas!

12 episodes