If you’ve had your home valued lately, you would be looking at a boatload of cash thanks to the wild price run-ups of the housing recovery. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we have seen reports that show the median prices for existing homes of all types have increased year-over-year for the last 8 years. So if you bought a home about a decade ago for $250,000, it would be worth $406,250 if it appreciated at the national average rate. While the pace of that price growth is beginning to slow, overall home prices are still holding steady or climbing. Check out below to see what sold in Island Lake Arbors in June 2020:
26357 Fieldstone Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2,332 sq. feet, 2 car garage, Sold Price: $370,000
Island Lake Arbors Home Sold
Whatever happens with prices this year (whether it’s moderate or rapid growth), it won’t cancel out any appreciation you have earned during the post-recession boom. For more information on Island Lake Arbors, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Country Club Village and The Villas of Northville Hills, contact The DiMora Team today at 248-505-7728 or email@example.com.