48154: The Hottest Real Estate Market In Michigan, 2nd In The Nation!
Livonia is the second hottest zip code in the country, according to Realtor.com. The website compiled data from 32,000 zip codes nationwide, and based their rankings on 2 criteria: The amount of views every listing within the zip code received on their website, and the average number of days a listing was on the market before selling.
The data tells an interesting story, one that seems to be the case all over: millennials are dictating the real estate market. Eight of the top 10 zip codes have a higher home ownership rate among 25-to-34-year-olds than in their surrounding county as a whole. The average 25-to-34-year-old home ownership rate in the top 10 codes is 50 percent, compared to 39 percent in their respective counties and 41 percent nationally. Livonia had a ratio significantly higher in this regard than Wayne County as a whole.
Most of the areas listed also shared a common characteristic: The top 10 in particular all tend to be affordable suburbs with local "it factors." (It factors include such varied criteria as highly rated school districts, diverse dining and shopping options, and proximity to local hot spots.) With schools on the top of everyone's list, a robust selection of restaurants & shops, and excellent freeway access to both Downtown Detroit and Ann Arbor, it isn't a wonder that Livonia is ranked so high.
The map below shows you our sales in Livonia. As you can see, Dwellings has an extensive list of home sales in the city. What the map doesn't explain is the real story. Dwellings sells Livonia homes FASTER than the already hyper-inflated average. In other words, While the average in Livonia hovers around 9 days, Dwellings' Livonia average is right around 5 days. The other piece of the story? Sales price. The last 20 homes Dwellings has sold in 2017 have sold for 101.4% of the original list price. Our clients asked for one amount, and Dwellings made them more. Consistently.
Not only do we sell a lot of homes in Livonia, several of our agents (including yours truly) call the city home. Many grew up here, graduated from Franklin, Churchill or Stevenson, and planted their roots in this wonderful community.
With current trends in Livonia looking to continue for the near future, the time to cash in on your equity is now. Maybe you want to buy that lake house, or a home with some significant acreage. Whatever your goals are, Dwellings by Rudy & Hall is the fastest and most profitable way to get there! Right now, we are offering our Free Maximum Home Value Assessments. These 20 minute consultations will show you how to sell your home for top dollar, guaranteed. We will show you small low or no-cost repairs and updates to make before selling your home. All with no obligation to you. Get yours today, so you don't miss out on a red hot market.