South Lyon Michigan Real Estate Update March 17 2016

Real Estate Agent with Preview Properties, PC -

Our active inventory is 203 units.  We are still waiting for the Spring flood of listings to happen, but that can be a mistake if you're a seller.  There is less competition and a lot of pent up buyer demand out there right now. Homes are selling quickly.

In the last week there were 28 new listings, but that's not enough.  With solds, expired, and pending sales, we're at a deficit.

10 homes sold in the last 7 days with an average sales price of $289,289 and the price per square foot was $131.  These 10 homes sold in an average of 55 days.  Existing resale homes in the $250,000 and lower price points are going quite fast.

You can watch my weekly video report here, get a copy of the weekly breakdown AND new listings here.  If you're interested in this market area, please consider following and liking my facebook page at, where I post local reports, news, and general real estate items of interest. 

Buyers – work with a LOCAL, full-time agent to have your best chance of success.

Sellers – agents can look at stats all day long, but it helps to know the market history and local influences on the market that are not contained in the multilist system (MLS).  Your best opportunity at success is also a LOCAL agent.  Don’t waste 6 months of time because you chose an out of area agent that advertises himself instead of YOUR HOME.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Sales and Marketing
real estate analysis
real estate prices
whats my home worth
full time real estate agent
south lyon homes for sale
how much are south lyon homes

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Robert Smith

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

Additional Information