ALLEN PARK SALES REPORT
JANUARY 14, 2015
Total houses sold in 2011-376
Average sales price -$66,187.00
Total houses sold in 2012-422
Average Sales Price -$68,543.00
2013 Average Sales Price-$80,827.00
Total number of homes sold-470
2014 Average Sales Price-$93,405.00
Total number of homes sold-450
2014 ended up with the second highest number of homes sold in Allen Park during the past 25 years. Our average sales price increased by $12,578.00 during that time period. We are still a long way away from our peak average sales price of $150,392.00 set in 2005, but are definately heading in the right direction. Interest rates continue to be low and are closing around 4% to well qualified buyers.
During 2014, we also saw our Emergency Financial Manager finish her job. We are now back in charge of our future. The property on Southfield has been sold (for less than half of what we paid for it), the balance we owe has been refinanced to reduce our monthly obligation, police, fire, and retirees all made concessions and the citizens voted for a millage increase to balance our books. Everyone did their share. We still have a lot of work to do. Many of our roads and sewers need replacement. Not fun stuff to spend money on, but we need to keep up our infrastructure. The DDA Ecorse Road project has been completed. I cannot wait to see the finished product when Spring comes around and the landscaping turns green.
I feel lucky to live and work in Allen Park. I am pleased to continue working with the kids as a Track & Field Official and also helping out with the Cross-Country Team. The kids are what give me hope for the future. Let's all continue to work at making this a great place to live. We can do it!
Feel free to call me if you are curious what your home would sell for in todays market. It would be my pleasure to stop by for a visit and give you an estimate of your current value...free of charge.
Sales statistics courtesy of-REALCOMP MLS