Bank owned real estate sales in Macomb County dropped to 29% from 38% in 2010.
| Trend Analysis For Macomb County Residential Homes | |||||||||
| Period | # Sold Private | Private | # Sold Bank/Gov | Bank/Gov | # Sold Lease | Lease | AVG Sale Price Private | Avg Sale Price Bank/Gov | AVG Sale Price All |
| Q3 2010 | 1,063 | 51% | 795 | 38% | 218 | 11 | $110,276 | $64,480 | $92,427 |
| Q3 2011 | 1,568 | 62% | 719 | 29% | 229 | 9% | $109,875 | $63,522 | $94,662 |
| YTD Summary Totals | |||||||||
| 2009 | 3,378 | 38% | 4,614 | 52% | 842 | 10% | |||
| 2010 | 4,270 | 58% | 3,283 | 31% | 834 | 11% |
So are we at "the bottom"? I believe that if we aren't, we are pretty close. Now is a great time to buy in Macomb County. Property values on average are what they were back in 1995-1996. It is a great time to move into a larger, newer home. Or if your current home is too large, I can assist you in finding a smaller less costly property.
If you would like more detailed information in regards to the market value of your home in Macomb County Michigan please don't hesitate to contact me either via phone or email.
