Here is what is happening in Farmington Hills real estate in the last six months. If you notice Farmington Hills homes are still taking about 4 months to sell. And if you look at the table below you will also notice most of the homes that are selling are selling are under the $210,000 price point.
Farmington Hills Price Statistics Legend
Range Name
Price Range
Number of Listings
Days on Market
R1
10000 to 60000
42
97
R2
60001 to 110000
61
112
R3
110001 to 160000
94
124
R4
160001 to 210000
83
124
R5
210001 to 260000
51
124
R6
260001 to 310000
25
142
R7
310001 to 360000
4
67
R8
360001 to 410000
4
394
R9
410001 to 460000
1
47
R10
460001 to 510000
2
94
R11
510001 to 560000
1
182
R12
560001 to 610000
0
0
R13
610001 to 660000
0
0
R14
660001 to 670000
1
189
For the 369 listings:
For the 369 Sold listings:
Average List Price
$169,925.00
Average Sold Price
$161,686.00
Median List Price
$165,000.00
Median Sold Price
$156,500.00
Highest List Price
$659,000.00
Highest Sold Price
$670,000.00
Lowest List Price
$12,900.00
Lowest Sold Price
$12,000.00
List Volume
$62,702,480.00
Sales Volume
$59,662,130.00
Avg. Days On Market
122
Avg. Days On Market
123
There are still lots of great deals out there and many beautiful Farmington Hills home that still are hitting the market. When you are ready to start looking feel free to call or email me to help you find the homes of your dreams.
Information provided courtesy of RealComp II LTD
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I am walking in the Tampa 3 day cancer walk in October. Support cancer research by going to www.the3day.org/goto/marianneravary and donate as much as you can. My wife got to live 20 years after finding out she had breast cancer due to advances in cancer treatment. Be part of the team and help me. I would like to be able to give some other "special lady" (like my wife Marianne) more days on this earth. If we can give another lady another night to enjoy with friends, an extra week to laugh & hug her kids, an extra month to love her spouse, or an extra year then our money will be going to a good cause. The grants from the Susan G Komen 3 day walk have been instrumental in cancer research. Help me give more time to somebody else please donate to the 3day walk. Thanks
Russ Ravary your Metro Detroit realtor
Russ as agents we need always keep word out regarding number of homes SOLD in areas great blog
Hope you enjoyed your weekend and wonderful Val. Day.
Russ, the numbers from $210k to $310k still look pretty good for sales and DOM, then they fall off a cliff. Why did you pick the $210k limit?