Here is my anecdotal market report for Birmingham and Bloomfield Hills. The big money buyers seem to be back, and they have been out shopping since the first of the year. We are happy to see them! Theyâ€™ve been laying low for the last twelve months, but it appears that they are tired of waiting. In the last 60 days, 35 homes priced over $1,000,000 have sold in in Oakland County. I am proud to say that SKBK Sothebyâ€™s was involved in two of the 3 highest priced transactions, which were both priced at $3,500,000.
A Bloomfield Hills home on Martell was on the market for only 41 days before it went under contract. The list price – $3,700,000.
We also continue to notice that the luxury homes throughout Oakland County tend to be marketed and sold by Birmingham based real estate agencies.
Weâ€™ve said before, we are seeing a big up tick in showings, inquiries and web traffic since January 1. Its looking like the buyers are ready to commit.
[tags]birmingham michigan, bloomfield hills michigan, luxury real estate, luxury home sales[/tags]