ALLEN PARK SALES REPORT
Average sales price for 2015-$105,309.00
445 homes sold!
2015 was the third best sales year for number of homes sold in Allen Park since I started tracking sales in 1986(My first year in this business). Only two years better than this year was 2013(470 sales) and 2014(450 sales). Average sales price has been climbing at a rate of approximately $1,000.00 a month for the past three years! Even better news is that less than 14% of the market is foreclosure sales. To give you some perspective on what that figure means, I looked back at sales results from 2009, when we were in the darkest period of the real estate recession. In 2009, we had 358 homes sell(87 fewer sales than 2015) and 171 of those were foreclosures(107 more than 2015). That was close to 48% of all sales. So we are seeing more equity pile up on our homes and far fewer foreclosures. We are still a long way away from our peak average sales price of $150,392.00 set in 2005. I have always urged my clients to pay off their mortgages and never refinance to pay off credit card or car loan debt.
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