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Archive for March, 2011

Want to Live in Rolling Meadows in Lake Orion? When You Find a Home Don’t Drag Your Feet!!

Rolling Meadows is an approximately 265 home sub in southern Lake Orion– a tad west of Baldwin Rd about 5 minutes north of I-75. A majority of the homes range in size from about 2000 sq. ft. to around 2800 sq. ft built between 1993 and 1996. Rolling Meadows has always been a desirable neighborhood of stately homes, manicured lawns, sidewalks, city water and sewer, subdivision tennis courts and swimming pool as well as a community club house.

Back in the peak times of 2005 home prices ranged from $290,000-$352,500 and homes seemed to fly off the market as soon as they hit the MLS. Well, prices in 2010 were much lower than 2005 but Rolling Meadows is still a desirable place to live and houses are still selling almost immediately. Of the 14 homes that sold in 2010, nothing took longer than 35 days to sell once they hit the market and 11 of those 14 homes sold in 10 days or less(disclaimer: days on the market is time from hitting their final asking price until the listing goes pending or CCS which is basically pending. I don’t consider an overpriced listing to really be on the market.).

home sale prices in rolling meadows lake orion mi

2010 sales in maroon 2009 sales in green

Other positive news: Even though there were more distressed sales in 2010 than in 2009, prices were higher in 2010.

14 sales in 2010
16 sales in 2009

2010: 5 bank owned sales, 0 short sales
2009: 1 bank owned sale, 2 short sales

Price per sq. ft.          2009                    2010

$70-$80                  3 units             4 units
$80-$90                  8 units             4 units
$90-$100                5 units             3 units
$100+                       0 units             3 units

2010 sale prices ranged from $164,505-$237,000
2009 sale prices ranged from $153,000-$247,000

29% of the sales in 2010 sold for less than $200,000
38% of the sales in 2009 sold for less than $200,000

43% of the sales in 2010 sold for $220,000 or more
13% of the sales in 2009 sold for $220,000 or more

There has been 1 closing in Rolling Meadows so far this year and that house was a non-distressed sale that sold for $225,000 after 4 days on the market.

There are currently 2 sales pending– both short sales with asking prices of $185,000 and $190,000 and there are 2 homes for sale: a small ranch asking $149,900 and a 4 bedroom colonial asking $230,000. Both are non-distressed sellers.

If you are thinking of buying or selling in Rolling Meadows, Lake Orion MI please don’t hesitate to contact me.

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407
email:
Jackie@JackieHawley.com

Detailed sales data for rolling Meadows

For Non-Distressed Sellers

Everything to Consider Before Buying a Short Sale

Buying a Non-Distressed Listing

Buying a Foreclosure Listing

Search the MLS

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Pontiac Lake Lakefront Real Estate White Lake and Waterford MI

Pontiac Lake is a 585 acre all sports lake located in White Lake Township and Waterford Township Michigan. Pontiac Lake is part of the Huron River chain that eventually dumps into Lake Erie. For the fisherman Pontiac Lake was stocked in the 80’s and 90’s through 2002 with  black crappie, bluegill, channel catfish, largemouth bass, northern pike, walleye and yellow perch.

For the boater/jet skier Pontiac Lake is one of the larger all sports lakes in Oakland County MI and host to Quake on the Lake, a inboard hydroplane race that has been held annually on Pontiac Lake. This year’s race will be held July 16 and 17, 2011 and offers live entertainment, classic cars, and carnival. Approximately 35,000 people attend annually.

Pontiac Lake Property Owners Association

Pontiac Lake is surrounded on 3 sides by Pontiac Lake Recreation Area– over 3700 acres of state land which offers horseback riding, hunting, snowmobiling, shooting/archery range, boat access and beach on Pontiac Lake and much more. Even though the Pontiac Lake area offers almost everything the outdoors person could want, it is still only minutes from M-59, shopping, airport, restaurants and much more.

Real estate sales on Pontiac Lake have gone through rough times just like the rest of Michigan. In 2004 sales of lakefront homes on Pontiac ranged from $179,900-$288,000 (as reported Realcomp II MLS). In 2010 sales ranged from $57,00-$230,000 with only 2 sales over $200,000. So far in 2011 (March 11) sale prices for lakefront homes have ranged from $88,900-$180,000. There is currently 1 sale pending on Pontiac Lake- a bank owned home with an asking price of $199,900 and there are currently 4 active listings: 1 short sale asking $64,900 and 3 “normal” sales with asking prices of $149,000, $207,900 and $272,500.

Sale prices in 2010 didn’t seem to be much different than in 2009 which is consistent with other indicators of a stabilizing real estate market. As the foreclosure sales decrease, prices should start to increase. But buying a home on all sports Pontiac Lake isn’t just an investment decision; it’s a lifestyle decision.

If you are interested in buying or selling a home on all sports Pontiac Lake, please don’t hesitate to contact me.

For Non-Distressed Sellers

Buying a Short Sale- They’re Not For Everybody

Lakefront Real Estate

Jackie Hawley
cell: (248)736-6407
email:
Jackie@JackieHawley.com

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Pontiac Lake Recreation Area, White Lake Township MI- Outdoor Fun For All

pontiac lake recreation areaWhether it’s fishing, boating, hiking, horse back riding, hunting, camping, fishing, target shooting, snowmobiling or cross country skiing, Pontiac Lake Recreation Areais the place for you. 3745 acres surrounding all sports Pontiac Lake on 3 sides is located just minutes off M-59 in Waterford and White Lake MI. Pontiac Lake Recreation Area has a boat launch and beach right on all sports Pontiac Lake. Pontiac Lake Rec Area also features a beach house, playgrounds, picnic areas with table and fire pits, picnic shelters that are handicap assessable and a shooting/archery range.

Hunting is allowed during the appropriate seasons. Pontiac Lake Rec Area boasts 17 miles of equestrian trails, 11 miles of trails for mountain biking, metal detecting areas and much more.

Excellent location in Southeast Michigan– eastern White Lake Township and western Waterford Township and minutes from expressways, shopping, airport, dining, etc.

Oakland County Park Info and Maps

Pontiac Lake Lakefront Real Estate

Oakland County MI Lakefront Real Estate

Jackie Hawley
ReMax Encore
cell: (248)736-6407
Jackie@JackieHawley.com
www.MiRelocation.com

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Clarkston MI- 2010 Sales Were UP!! Units, Sales Price and Volume! Foreclosures Down!

Clarkston MIGreat News! Unit sales were up! Average Sales Price was up! Median Sales Price was up! Unit sales were up 15.6% in 2010 from 2009. Average sales price in 2010 was up 6.4% from 2009 and the median sales price in 2010 was up 7.4% from 2009. Total sales volume in 2010 was up over $16.5 million from 2009 and up over $5.7 million from 2008.

Bank owned sales made up 36% of the total sales in 2010; bank owned sales made up 45% of the total sales in 2009. Though foreclosure sales were down, short sales were up constituting 22.5% of the total sales in 2010 but only 14.7% of the total sales in 2009.

Inventory is down. On 3-3-2011 there were 161 active listings in Independence Township/Clarkston. On 3-4-2010 there were 196 active listings and on 3-7-2009 there were 306 active listings. Currently that’s about a 4 1/2 month inventory opposed to a 10 1/2 month inventory 2 years ago. Many of the current listings are crap- basically overpriced, because no matter how bad the condition of a house is it will sell if properly priced. I recently listed a home in Independence Township and had 4 offers within 2 days. It is not uncommon to be in a multiple offer situation and most homes are selling within 60 days after achieving their final asking price.

2009:

353 units sold
average sales price: $176,611
median sales price: $150,000
total volume: $62,343,820

2010:

418 units sold
average sales price: $188,624
median sales price: $162,000
total volume: $78,844,620

Jackie Hawley
cell: (248)736-6407
email: Jackie@JackieHawley.com

Clarkston MI Detailed Sales Data

North Oakland County MI Neighborhoods

North Oakland County MI Lakefront Real Estate

Search the MLS 

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Silver Lake Lakefront Real Estate Sales

Silver Lake is a 101 acre all sports lake in Waterford Michigan– between Walton Blvd and Silver Lake all sports lakefront homes for sale waterford michigan lakefront real estateDixie Hwy and west of Silver Lake Rd. In the 2003-2005 peak times lakefront houses on Silver Lake typically sold in the three hundred, four hundred and five hundred thousand area with an occasional house selling in the six hundred thousand neighborhood.

Today sale prices on all sports Silver Lake are ranging from $150K range to the $450K range with a mixture of newer homes and older homes. Prices in 2010 seem to be pretty much on par with 2009, though still a long way from the peak times of a few years ago. On March 1, 2011 there were 4 active listings ranging is asking price from $219,900-$384,900 and there were 2 sales pending with asking prices of $200,000 and $299,000. Homes on Silver Lake may fall into either the Waterford school district or Pontiac school district this seems to be a rare case of school district not having an impact on price.

Below are sale charts for various years for Silver Lake lakefront homes. The charts are as complete as the data input in the MLS.

For a list of homes for sale on all sports Silver Lake please don’t hesitate to contact me.

Jackie Hawley

cell: (248)736-6407

email: Jackie@JackieHawley.com

Making an Offer- How Not to Buy a House

Search the MLS

Oakland County Lakefront Real Estate

Oakland County MI Lakefront Homes for Sale

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Sylvan and Otter Lakes Lakefront Real Estate Sales

all sports sylvan lake all sports otter lakeSylvan Otter Lake is a 530 acre all sports lake located in Waterford and West Bloomfield Townships and the Village of Sylvan Lake- south of Highland Rd (M-59), north of Orchard Lake Rd, east of Cass Lake Rd and west of Telegraph. Weed control is taken care of by the Sylvan Otter Lake Association. There is a state licensed water ski course on the south side of Otter Lake running along the edge of the swamp. Oakland County Boat Club is a private not for profit social club and marina located in Sylvan Lake since 1912 and is usually in charge of the Fourth of July fireworks.

 

Sylvan Otter Lake Association

Oakland County Boat Club

Sales for lakefront homes in 2010 were pretty brisk- 15 closings as opposed to 8 closing in 2009. Prices in 2009 ranged from $68,000-$534,000- 4 bank owned sales and 1 short sale. There was only 1 house that sold for under $100K but on the other end of the sales spectrum there was only one house that sold for over $235K. 2009 was very sad when you consider in 2005 there were 7 sales reported to the MLS and they ranged in price from $315,000-$617,500.

2010 fared much better than 2009 with 15 sales ranging in price from $60,160-$800,000. Again there wasall sports sylvan lake all sports otter lake only 1 sale below $100,000 and it was a foreclosure sale. 11 of the sales were $230,000 and up with 3 sales in the $300’s, 1 for $430,000, 2 in the $500’s and then a sale for $800,000. 3 of the 15 sales were bank owned and 4 were short sales- a much lower percentage of distresses sales than in 2009.

So far in 2011 (Feb. 28, 2011) there have been 2 closed sales- a bank owned home that sold for $150,000 and a regular sale for $314,000. There are currently 3 sales pending- a foreclosure asking $115,500, a regular sale asking $179,900 and short sale asking $182,500. There are currently 7 houses for sale on Sylvan Otter Lake ranging in asking price from $196,565-$850,000- 1 bank owned, 1 short sale and 5 regular listings.

If you are considering buying or selling a home on Sylvan Otter Lake please don’t hesitate to contact me.

Jackie Hawley

cell: (248) 736-6407

email: Jackie@JackieHawley.com

Oakland County Lakes

Sylvan Otter Lake Detailed Sales Information

www.MiRelocation.com

water skiing photo from flickr courtesy ack2

swans photo from flickr courtesy of John G Luker

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