Ann Arbor Area Real Estate: Dexter Real Estate Average Sold Price Per Square Foot is Down
Wednesday, March 10, 2010
Dexter, Michigan Real Estate Results Shows 15 Months of Homes Available for Sale
Dexter residential supply is now about 12 months. It would take about one year for all the homes to sell if no other homes came on the market. Anything over 7 months supply is a buyers market. For the Dexter Luxury Market, check out this post.
The Supply and Demand (#Units FS, S0ld) chart shows February 2009 compared to February 2010, the number of homes listed for sale are up 12 percent and the number of sold units are the same as last Feb. The annual trend lines show the number of homes offered for sale increased and number of Dexter sales remained pretty flat.
Below, Median Price (FS, Sold) February 09′ vs. February 10′, the Dexter sellers asking list prices were the same as last month and median sold prices went down 28 percent. The annual trend lines indicates flat asking prices and slight downward motion in Dexter median sales prices.
The trend line charted by Affinity Valuations, Inc indicates slightly decling average sale price per square feet but is now below $100.oo per square foot for Dexter Real Estate through the last 12 months.
We are selling homes and are happy to provide you with data to make informed choices. So far 185 homes have sold in the last 12 months, from 2 bedrooms to 6, and from 1 baths to 5 and the average sold price per square foot is now below $100. The highest sold price was $1,400,000 with lowest at $34,100. The average list price to sales price was 95 percent.
Currently there are 209 Dexter homes for sale ranging in price from $34,500 to $1,499,000. See what others say about our Dexter Real Estate services.
Since we actually sell more homes in Dexter than any other agent, we are acutely aware of homes that have languished on the market and like the US have watched the number of homes that have sold as foreclosures increase. Banks are hiring us to sell foreclosures. We know about these long before they come on the market. so if you want inisde info, call us. Check our Ann Arbor Area Real Estate ebook out.
See tour of Dexter by clicking on picture right below.
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