Home Sales 2024 Update and Summary of sales from 2015 through 2024

2024 CURRENT YEAR SALES ACTIVITY UPDATE:
Update for May 15, 2024:
Like proverbial March’s seasonal transition from a lion to a lamb, the 2024 real estate season at Auburn Lakes roared to an early beginning in January.  Right now, I think few would wager that this season will end lamb like.  Since beginning on January 2nd, Five sales have already closed and a sixth home has been sold. For the first five, in spite of two homes selling for more than 10% under their asking price, the average per-square-foot selling price is a new record high of (drum roll required here) $199.26.  And the median number of days on the market (DOM) has been 3!
 
Please contact your real estate agent, or go to your preferred realty company website for the most current information on available properties.


PRIOR YEARS SALES ACTIVITY SUMMARY:

In 2023, 13 homes were sold this year, with an average per-square-foot selling price of $178!

In 2022, 8 homes were sold with an average per-square-foot selling price of $145.
One of the homes required extensive upgrading and sold at a significant discount to the average market price.
The remaining 7 properties were purchased at an average per-square-foot selling price of $154.
 
In 2021, 11 homes were sold with an average per-square-foot selling price of $162.
In 2020, 11 homes were sold with an average per-square-foot selling price of $147.
In 2019, 10 homes were sold with an average per-square-foot selling price of $135.
In 2018,   9 homes were sold with an average per-square-foot selling price of $125.
In 2017,   6 homes were sold with an average per-square-foot selling price of $115.
 
In 2016, 8 homes were sold. This was a distinctly bifurcated market.
The average selling price of the 4 homes sold for less that $100 per-sq/ft was $79 per sq/ft.  Whereas those selling for more than $100 per-sq/ft sold for an average of $116 per sq/ft.
 
In 2015, Data currently available indicates that 6 homes were sold. 
One home sold for less than $100 per-square-foot at $85.  The other 5 homes sold at an average per-square-foot price of $122. Combined, the average selling price (per-sq/ft) at years end was about $115!
 
Source: Multiple Listing Service.  The information provided herein has not been verified and is therefore not guaranteed.

 

None listed at this time.