Chat about Macomb County MI real estate & Homes for sale search site

Macomb County MI Real estate

Macomb County MI real estate blog

Still declining? Stabilizing? Rebounding? It depends on where your home is located in Macomb County MI

January 17th, 2012 · No Comments · macomb county mi real estate market

I thoroughly enjoy reading about the real estate market in general, and often find myself nodding along to a point an author makes or wanting to add my 2 cents to the topic.    What I have learned over my 15 years in the real estate industry in the county I live in (Macomb County MI) is this:

Real estate is local.  We can give all the statistics for a county or a state, but individual cities and townships are what make up Macomb County and what matter to buyers and sellers.

Here is a good example of how speaking for the county as a whole in terms of what our real estate market is doing is misleading:

9308 homes sold in 2011 in Macomb County.  The average “sold” price was $87,030. **

Now, if I (or anyone else) read that and didn’t delve further we would all be worried that our home value would hover somewhere around the $87,030 mark and take approximately 2 1/2 months to sell.  We would be wrong.  Take a peek at the statistics below and you will see what I am getting at (the local part of what I was talking about)

In the southern end of our county, there were 3457 homes that sold in Eastpointe, Warren and RosevilleThe average sold price was $36,687. Wow.  That’s quite a bit lower than the Macomb County average. **

However, in the northern end of Macomb County, 1562 homes sold in Macomb Township, Shelby Township and Washington Township. The average “sold” price for those 3 communities was $181,683. Quite a bit of difference from the “average” sold price in the county as a whole.  **

Please keep in mind when reading the headlines about home values, whether you are in Macomb County or not, that all real estate is still local.   If you have any questions about what your home value is please don’t hesitate to contact me or another real estate professional who can analyze the data for your local area.

**The necessary disclaimer:  All data quoted above was obtained from the members and participants of REALCOMP II LTD and is deemed to be reliable but not guaranteed**
Kris Wales –  A partner for your real estate needs in Macomb County MI
Search Metro Detroit homes for sale

Tags: ·

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment

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.