The Average Sold Prices for August 2016-2017 tells us a lot about the real estate market. Let’s review the above visual. We will cover the following specific areas in this blog.
Lake Orion
Oakland Township
Rochester
Troy
Average Sold Prices for August 2016-2017 In Detail –
As you can see, Royal Oak is the least expensive at this time with an average sold price of$236,716 in 2016 and in 2017, it was $269,333. That was a 13.78 percent increase in the Royal Oak community. The next in line is Lake Orion which saw a decrease in the average sold price. In 2016 it was $289,530 and in 2017 it was $273,389. So if you view the chart you will see some communities saw a slight decrease in the average sold price while others saw an increase in 2017. You have to look at other variables to get a larger view of each community. I’ll provide more statistics each week, but if you’d like to discuss a particular community please don’t hesitate to contact me. It’s what I’m here for.
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If I haven’t addressed a locale that is of interest to you, please let me know and I’ll try and include it in the future or you may contact me for a personal market analysis. I am here to help you with any AND all of your Rochester and beyond real estate needs! Don’t forget to check our website and let me know what you think. Is it helpful? Is there something that it’s missing? I want to know.
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