John and Lisa Marker

Livonia Market Statistics

03-05-08

Livonia Statistics for 2006, 2007 and currently in 2008!

Listing Statistics for 2006, 2007, 2008 Ytd for city of Livonia.

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, Detroit-Livonia-Dearborn, Michigan is one of the top 10 most affordable large metro areas. With that being said, to the left is a graph showing the Listing Price Statistics for the years 2006, 2007 and current for 2008. As well as the graph below showing the Listing Price Statistics for REO's in 2006, 2007 and current for 2008. Below is the inventory history for all three years.

2008 Current Inventory
Active Listings 777
Sold Listings 75.58
Month's supply 10.36

2007 Data

Sold Listings 908
Average DOM 119

2006 Data

Sold Listings 760
Average DOM 101

As you can see from looking at the graphs, the high listing prices are still high for both, but the REO listings are significantly lower than those in the normal listings prices. Below is the inventory history for REO's for all three years.

2008 Data
Active Listings 816
Sold Listings 115
Month's supply 18.5

2007 Data
Listings Sold 907
Sold REO Listings 89
10% REO

2006 Data
Listings Sold 760
Sold REO Listings 33
4.3% REO

The amount of solds for REO properties have been going up the past few years. It is not even the middle of the year and we are close to half of what sold last year.

REO Listing Price Statistics for 2006, 2007, and 2008 Ytd for city of Livonia

Thanks for viewing my home market report for Livonia, check out my website at http://www.themarkerteam.com or you can visit http://www.livoniahomes.com. Also, if your interested in a foreclosure or bank owned home, send me an email and I will set you up on a special email notification as they come on the market.

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John and Lisa Marker
Keller Williams

John and Lisa Marker: Real Estate Agent in Livonia, MI

Office: (248) 348-1500

Mobile: (313) 850-3020
Secondary: (248) 895-8585

The Marker Team of Keller Williams Realty specializes in Livonia, MI. Providing honest, professional service to buyers and sellers in the Metro Detroit area. Visit us today! www.TheMarkerTeam.com

About Us:

The Marker Team is one of the top teams at Keller Williams Realty in Northville. John has a total of 23 years of professional Real Estate sales experience, while Lisa has a total of 10 years. The Marker Team has developed a unique and dynamic "Team Approach" that guarantees your needs are handled immediately. This ensures that you find a home at the best possible price with the least hassle to you! John and Lisa coordinate and oversee all facets of your transaction, so you experience honest and professional service. With John, Lisa, and the rest of the Marker Team representing your interests, you get an entire professional Real Estate team to handle all the activity regarding your home purchase. You can contact John and Lisa Marker at John@JohnMarker.com

Areas of Expertise

John and Lisa specilize in both residential and REO properties in the Metro Detroit area including Northville, Livonia, Novi, Redford, South Redford, Westland, South Lyon, Garden City, Detroit, Belleville, Plymouth, Farmington, Farmington Hills, Canton, Dearborn Heights and Royal Oak. We are very familiar with all of the myriad requirements involved with bank owned and foreclosure properties.

John and Lisa are committed to providing excellent service to all of their clients. Their many designations include the Certified Residential Specialist (CRS), Accredited buyer Representative (ABR) and Real Estate Internet Professional (e-PRO).

To learn more about us, our services and our listings please go to one of our websites listed below.

www.livoniahomes.com

www.themarkerteam.com

Testimonials

"A card . . . can never express my gratitude for the tremendous service, support, and patience from the two of you. Thanks not only from me - my entire family."
Karin Moss

"Jim and I would like to thank you again for the limo ride and dinner. We had a wonderful time! You are very generous and we are fortunate to have friends / realtors like you."
Nina Volk

"It has been a pleasure working with you both on the sale of our home. Joyce and I would also like to thank you for the basket. It's those kinds of things that make you both the best kind of real estate salespeople in our area for sure, if not worldwide."
Larry and Joyce Miller

"Hope you are real busy - selling, selling, selling. It seems like yesterday when we were sitting in our house very disappointed because the last two real estate companies and salespeople did not sell our home after one year. You rang the bell and offered your professional services. After looking at our house and a short conversation, you told us to start packing. With you as our sales man and your professional marketing plan, our house sold in three months. During the listing you kept in touch with us by telephone or by stopping over. You answered all of our questions and were willing to listen to our comments. Everything went very smooth and on schedule. Thanks again, John. I guess that's way they call you "Magic." If our friends or we need a professional salesperson, you can be sure you will be contacted."
Wally & Barbara Krusinski

"We first heard of you a year or so ago from literature you sent to our house. Then your telephone contacts with Dennis convinced us to at least ask you to come out and give us your evaluation. The reason we gave you the listing, John, was that we liked your manner. You don't come across as pushy and hard-driven, and yet we thought you had everything well organized, and you utilized a lot of different avenues for advertising our house. The most valuable thing in listing our house was helping to establish the list price. The selling process you showed us for nearby houses convinced us that we would get over . . . for our house. Our house was on the market for such a short time, we can't think of anything not done that should have been." Great job!
Dennis & Linda Nasuti