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Macomb County MI real estate blog

Macomb County home sales in 2010 – are things perking up?

January 5th, 2011 · No Comments · Macomb County MI real estate market report

Macomb County MI home sales in 2010Every New Year I enjoy going through both of the Multilist services that I am subscribed to and researching to see how the year past treated us as far as number of homes sold and average sales price.

There were a couple of surprises that I liked to see, and one of them was the average “sold” price in Macomb County.

In 2010 the average sold price was higher : $99,183 compared to $94,716  in 2009.   During the year we saw prices in some areas of Macomb County stabilizing and at times, increasing.   Did more homes sell via short sales instead of foreclosures?  That’s one area that I will be delving in to a bit deeper in the next few days.  (“Short sale” homes are generally better maintained homes and in my opinion will appraise out a bit higher than a foreclosure that hasn’t been maintained.)

One other area that saw a bit of a good change was the average days on the market.  In 2010 the average days on the market for a home county wide was 81 compared to 93 days in 2009.   One aspect that I think helped push this number lower was the first time home buyers tax credit that expired in the spring.  There were many many more buyers in the spring that hurried to beat the deadline for the tax credit and that helped move the homes much quicker.

As the days go by I will be concentrating on specific cities / townships in Macomb County and talk about their average “sold” prices.  If you have any questions about your specific area please don’t hesitate to drop me an email and I’ll be happy to research it for you.

~Kris Wales~  A partner for your real estate needs in Macomb County MI
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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.