Condos for Sale in Farmington Hills MI
This page is dedicated to active condos for sale in Farmington Hills MI. We pride ourselves on keeping our clients as up to date as possible, and this page updates every 20 minutes with all Farmington Hills condos for sale currently available. Also, as lisings are sold or taken of the market, they will be removed from this page as well.
Condos for Sale in Farmington Hills MI
Click the links below to sort results by price range.
- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $500,000 - $600,000
- Over $1,000,000
Here's the most complete list of Farmington Hills MI condo complexes available. Each one is linked to the page with more information on the complex including condos for sale in each specific complex.
New Condos for Sale in Farmington Hills MI Alerts!
Stay up to date on condos for sale in Farmington Hills MI. In the comments section put in any specific complexes you'd like to keep an eye on, as well as any specific features (1st floor master, walk out basement etc). We'll keep you up to date via email either asap, daily, weekly or monthly with the new condos for sale in Farmington Hills MI, whatever your preference may be.
Additional Information on Condos for Sale in Farmington Hills MI
Buying one of the condos for sale in Farmington Hills MI can be a fun process! Please don't hesitate to reach out anytime to a Realtor on The Michael Perna Real Estate Team to assist with any and all questions you have! Additionally please see this short article here on some of the do's and don't when shopping condos for sale in Farmington Hills MI.
DO: Check the bylaws. Every complex is different when it comes to rules and regulations. In some there are no restrictions on pets, in others they can be limited by number and weight. Most Farmington Hills Condos for sale don't have pet restrictions, however there are a few that do. Typically any apartment conversions (condos that were apartments a developer purchased and turned into individual condos) have these restrictions to be mindful of.
DON'T: Many any exterior modifications. Exterior repairs and modifications are typically handled by the association, though some (decks, windows, etc) may be on the owner to repair and replace when the time comes. Most condos for sale in Farmington Hills MI include all of the above, however there are a few that don't, and several complexes that are considering moving the expense from the complex to the owner to shore up costs.
DO: Feel free to change kitchens, bathrooms or finish basements. These improvements add value to your investment, and add enjoyment of new kitchens, bathrooms, or expanded living space is invaluable.
DON'T: Assume 100% payback from improvements. Some things are done just for you, and they should be. Also the hottest trends of the day today, will not hold through the times. If you're planning on living in the condo for more than 3 or so years, chances are that new kitchen will be viewed as dated. Also there's only so far values can be stretched.
DO: Look at the most updated condo available, even though it may be one of the upper priced one in the complex. When looking for condos for sale in Farmington Hills MI it's worth going after the most updated condo possible. There's a very good chance the owner of that condo over improved it and are losing a serious amount of value on those improvements. It's a great way to get into a condo for sale in Farmington Hills MI and mortgage the updates instead of spending cash out of pocket.
DON'T: Forget to look at the financial statement before purchasing. The Perna Team Realtors will always protect our clients looking for Farmington Hills condos for sale by making offers contingent upon our clients having the opportunity to review the bylaws and financial statements. If the accounts are low, that's a good indication there are assessments on the way. Assessments are costs charged to the condo owner above and beyond the monthly dues for repair work or replacement work needed, such as roofs, that haven't been allotted for in the monthly dues.
2014 Farmington Hills Condo Market in Review
Farmington Hills condos for sale faired better in 2014 then in previous years as the Metro Detroit housing market as a whole is recovering. There were 256 total condo sales in 2014, up from 238 in 2013. The lowest price was $20,300 and high sales price 350,000. The days on market in the first two quarters of 2014 was 38 days and has slowly crept up in quarters three and four to 51 days on market. Farmington Hills condos for sale are currently averaging 53 days on the market, however with the spring market that's expected to move down quite a bit.
For any market questions on selling your condo or home please don't hesitate to reach out to The Perna Team for a free no obligation market analysis.