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What's happening in the Canton real estate market?

Learn what the Canton Michigan real estate market has been doing over the last month in our monthly report.

The Canton, Michigan real estate market has been a bit up and down for area home sellers lately.

According to the most recent Canton housing market data, the average price per square foot has increased as has the average listing price.

During that same time, however, the total number of home sales and the median sales price has actually decreased.

If you’re considering listing your home anytime soon on the Canton housing market, you're going to be interested in this information.

Homes for Sale in Canton, MI

Here are some of the highlights of the recent market activity we’re seeing in Canton:
•Currently there are 330 homes for sale on the market, a number of which are in some stage of the foreclosure process.
•Between September and November, the average price per square foot for Canton homes was $90, up 3.4 percent when compared to the same period in 2011.
•Meanwhile, the median sales price for Canton homes was $165,000 based on 351 home sales.
•When compared to that time period in 2011, the median sales price has decreased by 10.8 percent, or about $20,000.
•And the total number of home sales has decreased by 25.8 percent.

•Here’s how other communities compared when it came to median sales price during the week ending on Dec. 12:
◦Salem: $139,000
◦Northville: $288,000
◦Novi: $219,500
◦Livonia: $114,900
◦South Lyon: $178,500

•During the week ending on December 12, the average listing price for Canton homes was $236,543, up 1.8 percent from the week before.
•During that previous week, the average listing price was $232,343.
•Broken down further, the average listing price for a 2-bedroom Canton home during that week was $131,408
•The average listing price for a 3-bedroom home was $184,477
•And the average listing price for a 4-bedroom home was $287,026

•Here’s how nearby communities fared in terms of average listing price:
◦Salem: $375,744
◦Northville: $491,821
◦Novi: $1,055,834
◦Livonia: $136,401
◦South Lyon: $299,403


There are great opportunities for home sellers on the Canton, Michigan real estate market if the right strategic marketing plan is put into place.

That’s where we, here at The Bittinger Team can help!  Visit our website, www.bittinger.com,  for lots of useful information whether you are a buyer or a seller ... or just still weighing your options.

Join us on Facebook at Living in Plymouth/Canton/Northville Communities and Michigan Homes Coming Soon to stay on top of what is happening in our communities as well as on the local real estate market.

 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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