Currently there are 200 Northville homes for sale on the market as of 11/29/2009. The least expensive Northville home for sale currently is $84,900. The most expensive Northville home is 3.5 million dollars.
Right now there are only 8 Northville foreclosures for sale. There are 39 Northville homes for sale that are short sales. Remember short sales are homes that the owners are trying to sell them for less than what they owe on the mortgage. Short sales have to be approved by the bank. They should really call them long sales because short sales can take anywhere from 2 to 6 months to complete. Many times they don't ever get approved by the bank.
The average time on the market for the 200 Northville homes for sale is 161 days. I am going to break it down a little more.
The 13 Northville homes that are priced over a million dollars. They have been on the market on an average of 309 days. Out of those 13 luxury Northville homes non of them are short sales. There were only 3 homes that sold in the Northville Luxury home market in the last 6 months. The metro Detroit luxury home market has a two year supply of homes. Northville luxury homes are moving slow.
In the under $200,000 price range there are 27 Northville homes for sale. 12 of them are short sales. The 27 Northville homes under $200,000 have been on the market an average of 194 days. In the last 6 months 36 Northville homes in the same price range have sold after being on the market on the average of 87 days. What that tells me that if a Northville home is priced right it will sell in less than 3 months. In the under $200,000 range.
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My Month of December quote:
~ Mark Twain”
Russ Ravary
"helping make your move easier"
your local Metro Detroit Realtor helping clients like you sell and buy homes through out the entire Metro Detroit suburbs. I love showing and selling Oakland County and Livingston County Lake front homes too.
