2014 saw the average sale price for a residential home in the Plymouth and Northville markets continue to increase. In the City of Plymouth, the average sales price has risen for 4 consecutive years reaching new highs. The average sales price of a single family home in the City of Plymouth is now 63% higher than in 2010. The City of Northville has also reached near pre-recession highs with the average sales price increasing 70% since 2009. In the Township areas, Both Plymouth and Northville Townships have also seen steady price increases but have yet to surpass pre-recession highs. Price growth has been steady and the trend is higher across the board.
The dramatic increase in real estate value in the local area has reignited new construction activity. In the City, we are seeing smaller/older homes demolished and larger homes built in their place. In the Township, we are seeing farms and empty lots replaced with new residential and commercial building activity. The street scenes and landscape are changing!
And as we look forward to 2015, all indications are that prices will continue to rise albeit at a more conservative and sustainable pace. Interest rates remain low while interest in moving to Plymouth and Northville remain high.
One thing I love about Salem Township just West of Plymouth & Northville are the random farm stands where one can stop and pick up fresh eggs, pumpkins, fresh produce & the like. Today, on my way back from the filming for a spectacular Spring 2015 listing…I happened upon this one, where I picked up some of the season’s finest fresh tomatoes, garlic, pears and a dozen fresh eggs.
It’s that time of year again! The kids are back in school and the smell of barbeque smoke drifts through downtown Plymouth as the annual Fall Festival is here. September 5-7, 2014 will be non-stop pancakes, spaghetti, and barbeque chicken along with carnival rides for all ages, midway games, concerts, car show, and attractions for everyone.
Venture into Downtown Plymouth’s Kellogg Park tomorrow in support of thousands of men and women participating in the Susan G. Komen 3-Day Walk for Breast Cancer Awareness. For the 5th consecutive year the fundraising walk will travel through Downtown Plymouth along Main Street and Ann Arbor Trail. Join a cheering squad near the park or along the route!