South Lyon Michigan Market Update

By
Real Estate Agent with Preview Properties, PC - http://www.RealEstateMich.com

South Lyon continues its growth.  There is a good amount of new construction in the area, mostly Lyon Township, but it doesn't get very good representation in the multilist system (MLS) as builders have their own offices and are building semi-custom homes to order.  Typically they'll just have a model in the MLS.

Existing resale homes continue to be popular, too.  Current inventory is still low at only 200 units.  In the last 7 days there have been 16 new listings.  There were 7 solds reported in the same time period, with an average days on market of 28!  Blazing fast.

The average price per square foot for the 7 solds was $129, and the average sales price was $270,948.

If you're looking for a South Lyon home, please be sure to work with a full-time real estate professional as getting into a house today or tomorrow can be the difference in being able to write an offer and not.  

Feel free to contact me if you want to buy a South Lyon home, or if you have a home to sell.  I'll be happy to spend a little time with you to see if we're a good fit.

 

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Rainmaker
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Robert Smith

SRES, Search for Homes Brighton-Howell-SE Michigan
Curious about your home's value? Call me today
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