With the first six months of 2015 behind us, it’s a good time to look back and see how the market is doing vs. last year. In both the City and the Township of Plymouth, average prices are comparable to last year so the market appears to have plateaued this year after several years of steady increases. This has resulted in a more balanced market on the whole. There are of course homes that sell instantly with multiple offers at seemingly staggering prices. And of course the tear down/new construction activity in the City of Plymouth continues to be strong. But in terms of average pricing – things are beginning to stabilize when you look at the market as a whole. As always, homes with the best locations, in move-in ready condition, and with current materials/color choices will command the highest prices.
If you’d like to know how much your home is worth in today’s market, please contact BAKE Real Estate at 734-453-8080 and we’d be happy to come out and give you an expert assessment of the value of your home and how to navigate the process of transitioning from one home to the next.