3RD QUARTER OF 2016 SALES RESULTS
Average sales price of all homes sold this year through 9/31/16---$114,010.00
Total number of homes sold this year so far---397
Total number of homes on the market as of 9/30/16---80
Average asking price of all active homes---$125,657.00
Total number of home sales pending a closing---65
Average listing price of all pending home sales---$113,133.00
Sales have been very steady this year. We will have betwen 450-500 sales closed in Allen Park this year. Our average sales price has gone up about an average of $1,000.00 a month. That is good news! Mortgage rates are still in the lower 3-3.5% rate. Inventory is only 80 homes for sale (Kind of a low number). Things start to slow up a bit by mid-November, so sellers are reducing prices to get a sale before they have to start paying heating bills.
It has been a great sales year for myself and my Associates here at Park Avenue Realty. I am proud of my Associates because they all do a fantastic job working for their clients. If you are looking to sell your home, please give me a call and I will be happy to come out and answer any questions you may have. If you are looking to buy a home in Allen Park, I would love to work with you. Looking outside of Allen Park? I have four great buyer broker agents ready to assist you. Please feel free to give me a call so we can set up an appointment when you are ready.
Hope you all have a great Holiday Season. Don't forget the Allen Park Pumpkin Patch on Holloween Night. Mark Bailey and the Allen Park Elks have done a wonderful job with this event. This is their 28th year!
I am so very Thankful for all of you who have let me work for you the past 30 years. I love my job and cannot think of anything else I would rather do. I am truly a lucky man. THANK YOU!!!