City of Bloomfield Hills 2010 Market Report

We’ve just finished our complete report of 2010 home sales in the City of Bloomfield Hills, and it is available for free download. In addition to market stats, you will find the listing information from Realcomp, our local MLS. Our report only covers single family homes, not vacant land, leases or condominiums.

Last year we saw values continuing to fall, but we are already seeing a stronger market in 2011. Sellers that had previously turned to landlords to wait out the market, re-enter as sellers and finding a buyer.

Some quick stats for City of Bloomfield Home Sales in 2010:

Highest Sale: $2,000,000

Average Time on Market: 240 Days

Median Sold Price: $515,000

We are also happy to provide you with a comparative market analysis to give you a better understanding of your home’s current market value. Please feel free to call Maureen to arrange a time to talk.

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