If you take all of the properties that are currently on the market in Grosse Pointe Woods (196 as of 6/12), and find the AVERAGE price per square foot, the dollar amount would be $111.88. If you add up every square foot of all the 196 homes and divide it by every dollar they are listed for, the price per square foot for Grosse Pointe Woods homes is: $114.44.
Using the Grosse Pointe Hot Sheet, you can see every available property in the Grosse Pointe area. We also have a Hot Sheet for St. Clair Shores. I can email you a copy of the worksheet that I used to answer your question, or you can go to: http://www.thefinerpointes.com/search-properties/the-hot-sheet/ to find the answer for yourself.
If you have any other questions or would like us to come do a competitive market analysis for your home, please contact Ryan or Andrea at http://www.TheFinerPointes.com
I don't really feel it's a fair comparable with the market today and the foreclosures skewing statistics.
A useful tool, sure?
A defining factor? No.
According to statistics taken from the local mls, in the past 90 days there were 48 closings in G.P. Woods and the average price per square foot of those closings was $89.56. (information deemed to be reliable but not guaranteed)
If you would like to find out what you would be able to get for you home in this market, please give me a call or an email. I'd be happy to do a complete comparative market analysis (CMA) for you.