2014 Year End Market Update: Franklin, Bingham Farms, Beverly Hills Michigan

2014 was another productive year in Real Estate growth. Oakland County as a whole is up about 17% from last year. While there were about 4000 less homes sold in 2014 as compared to 2013, the average sales price is up from $109,000 to $131,000. The time it takes to sell a home has improved also down to 41 days from 66 in 2013! This data is through November 2014, as Decembers #’s aren’t published until mid January, but should be relatively the same.

Franklin Michigan 2014 Market Update

  • 48 Single Family Homes sold in 2014
  • 3 Condos Sold in 2014
  • Sales ranged from $175,000 – $2,100,000
  • Average Sales Price $553,000
  • Average Price per SqFt $173
  • Sales Price to List Price Ratio 93%
  • Average Days on Market 86

Bingham Farms Michigan 2014 Market Update

  • 11 Single Family Homes sold in 2014
  • 13 Condos Sold in 2014
  • Sales ranged from $150,000 – $984,000
  • Average Sales Price $408,000
  • Average Price per SqFt $152
  • Sales Price to List Price Ratio 94%
  • Average Days on Market 36

Beverly Hills Michigan 2014 Market Update

  • 171 Single Family Homes sold in 2014
  • 6 Condos sold in 2014
  • Sales ranged from $105,000 – $875,000
  • Average Sales Price $327,000
  • Average Price per SqFt $160
  • Sales Price to List Price Ratio 96%
  • Average Days on Market 41

If you would like a complimentary market analysis of your property, please fill out the form below and we will email one over!

Margo Borkin
Real Estate One
$14,000,000 Sold in 2014
6960 Orchard Lake #150 West Bloomfield, MI 48322 | 248-419-3160 |
2014 Hour Magazine ALL STAR – Presidents Council of Excellence
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