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Archive for the ‘Clarkston Market Conditions’ Category

Clarkston MI boasts an excellent location with I-75 intersecting the township twice – M-15 and again at Sashabaw. It is the fourth largest township in Oakland County with a population of approximately 32,000 residents. Independence Township can be characterized as a growing residential community. Shopping centers and professional services have sprung up along the main thoroughfares to provide all local conveniences. Listed in the Michigan National Features Inventory are the extant buildings of the old Henry Ford farm used for testing tractors. Independence Oaks County Park, DTE outdoor music theatre, the Pine Knob ski area and an extensive public recreation program provide recreational opportunities.

Clarkston has a downtown business district which has been designated a national Historical Site. The charm of the downtown conveys a nostalgia and picturesque setting that everyone enjoys. With numerous homes on the historical register, the City of the Village of Clarkston is a lively small town surrounded by a rapidly growing area.

In the 1990’s and early 2000’s the Clarkston area (Clarkston, Independence Township and Springfield Township) was just booming. New construction was going in, lake cottages were re-built into large year ’round homes. Prices soared. Then the economy tanked and like every place else, Clarkston was hit. We have had and still have our share of foreclosure and short sales. Prices tumbled.

The good newsPrices are on the rise as the amount of distressed sales have been declining.

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More good news– All those beautiful subdivisions that were created during the good times are still there and between the low prices and the even lower interest rates, homes in those neighborhoods have become more affordable. Area amenities that always come with growth are still there. And the physical location is still great as far as access to expressways to go to Detroit, Flint, Auburn Hills, Troy, etc. The proximity to state and county land. City and township parks. Lakes for both fishing and playing with public access for both beach and boats. Shopping, eating, just about anything one can ask for in a home town.

Clarkston Lake Homes For Sale

Deer Lake

Lake Oakland/Woodhull Lake

Maceday/Lotus Lake

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Lake Oakland Lakefront Home Sales Real Estate Sales Clarkston and Waterford Michigan

Home prices on all sports Lake Oakland are up from last year- both median and average sales prices. More houses have sold in 2012 than in 2011 and a smaller percentage of those homes are short sales and foreclosures. There are currently 6 homes for sale on Lake Oakland and none of those are distressed listings.

Unit Sales:

2011- 12
2012- 17

Average Sale Price:

2011- $223,320
2012- $313,341

Median Sale Price:

2011- $181,000
2012- $245,000

Foreclosures (units):

2011- 4
2012- 5

Short Sales (units):

2011- 1
2012- 1

There are currently 6 active listings on Lake Oakland– ranging in asking price from $260,000-$1,599,000- all are normal listings (not foreclosures or short sales).

Lake Oakland is a 235 acre all sports lake located in Waterford and Clarkston, MI.

Compliments of Jackie Hawley of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.

Cell: (248)736-6407

Jackie@JackieHawley.com

www.SearchMichiganMLSListings.com

www.LakeOaklandHomes.com

Sylvan and Otter Lake

www.OaklandCountyMichiganLakes.com

Waterford MI Lakefront Homes For Sale

Clarkston MI Lakefront Homes For Sale

White Lake/Highland MI Lakefront Homes For Sale

Lake Orion/Oxford/Addison MI Lakefront Homes For Sale

Lapeer MI Lakefront Homes For Sale

www.LakeOaklandHomes.com

www.MacedayLake.com

www.LakeOrionLakeFrontRealEstate.com

For Sellers- www.JHawleyAndAssoc.com

For Sellers- www.AreaRealEstateExperts.com

www.ClarkstonMichiganRealEstate.com

www.MiRelocation.com

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Maceday Lake Lotus Lake Home Sales

Home sale prices on Maceday and Lotus Lakes for 2012 ranged from $120,000-$770,000 with an average sales price of $282,085 and a median sales price of $$255,000. There have been 19 sales so far (sales data can trickle in for the next month or so) and $5,359,615 in total sales volume on Lotus Lake and Maceday Lake.

In 2011 there were 12 home sales on Maceday Lake and Lotus Lake with an average sales price of $240,650 and a median sales price of $221,950.

There is one active listing on Maceday Lake asking $875,000.

Maceday and Lotus Lakes are connecting all sports lakes in Waterford and Clarkston MI.

Please don’t hesitate to contact me if you are considering buying or selling a home on all sports Maceday or Lotus Lakes.

Jackie Hawley, Realtor
ReMax Encore, Clarkston MI

Cell: (248)736-6407

Jackie@JackieHawley.com

www.MacedayLake.com

www.SearchMichiganMLSListings.com

Lower Straits Lake

www.OaklandCountyMichiganLakes.com

Waterford MI Lakefront Homes For Sale

Clarkston MI Lakefront Homes For Sale

White Lake/Highland MI Lakefront Homes For Sale

Lake Orion/Oxford/Addison MI Lakefront Homes For Sale

Lapeer MI Lakefront Homes For Sale

www.LakeOaklandHomes.com

Sylvan and Otter Lake

www.LakeOrionLakeFrontRealEstate.com

For Sellers- www.JHawleyAndAssoc.com

For Sellers- www.AreaRealEstateExperts.com

www.ClarkstonMichiganRealEstate.com

www.MiRelocation.com

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Lake Oakland Lakefront Sales– Prices Continue to Climb!

Just like the rest of the North Oakland County area- home prices on Lake Oakland are up and there is a real lack of active listings available.

Unit sales are up, average sales price is up, median sales price is up, total sales volume is up…. the amount of distressed sales are down!

Units sold:

2010: 14 2011: 12 2012: 17 (as of Dec, 4)

2010: sale prices ranged from $95,000-$300,000
2011: sale prices ranged from $98,700-$560,000
2012: sale prices range from $55,000-$825,000

Average Sales Price:

2010: $194,677
2011: $223,320
2012: $313,341

Median Sales Price:

2010: $197,050
2011: $181,000
2012: $245,000

2010: 6 bank owned and 3 short sales
2011: 5 bank owned and 1 short sale
2012: 3 bank owned and 0 short sales

There are currently only 6 active listings on all sports Lake Oakland ranging inm price from $260,000-$1,599,000 and none are distressed sales.

Lake Oakland is located in Waterford and Clarkston MI in North Oakland County Michigan. It is a 235 acre all sports lake that connects via canal to all sports Woodhull Lake. Lake Oakland has always been a desirable lake to live on. In 2004 the losest price house sold through the MLS was $282,150 and in 2005 prices ranged from $250,000-$1,275,000.

Prices are on the rise but a great deal can still be had. Interest rates are still great and FHA will mortgage up to just under $300,000 and FHA 203K loan will allow for you to borrow for repairs at the same time.

Please don’t hesitate to contact me for additional information about homes on Lake Oakland.

If you are thinking of selling your Lake Oakland home, please call about my extensive marketing plan.

 

www.LakeOaklandHomes.com

www.MacedayLake.com

www.OaklandCountyMichiganLakes.com

www.ClarkstonMichiganRealEstate.com

www.SearchMichiganMLSListings.com

www.JHawleyAndAssoc.com

Jackie Hawley, Realtor ReMax Encore, Clarkston MI

www.MiRelocation.com

Jackie@JackieHawley.com

Cell: 248-736-6407

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The average sales price for lakefront home sales in the Clarkston/Waterford area so far this year is up 16.7% from the same time period last year and up 23.9% from 2009. Something freaky happened  in 2010 with a jump in price, but prices so far in 2012 are up 7.1% from that spike in 2010.

Unit sales are up 12.8% from last year and almost double the amount of sales for the same time frame in 2009.

Sales volume in 2012 is up $9,807,650 from 2011 and up $21,712,420 from 2009.

A search in Orion/Oxford/Addison sold lakefront homes also showed an increase in sales: Average sales price in 2012 is up 8.4% from last year, units are up 8% from last year and there has been over $2 1/2 million in sales from last year.

Compliments of Jackie Hawley of the JHawley and Associates Real Estate Team at ReMax Encore in Clarkston MI.

www.MiRelocation.com                   www.LakeOaklandHomes.com

                 www.MacedayLake.com

www.SearchMichiganMLSListings.com

Cell: (248)736-6407                                                      Jackie@JackieHawley.com

 

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 Oakland County MI Real Estate– What is Affordable Today May Not Be Affordable Next Spring

Prices are on the rise in North Oakland County MI. They have been for a while now- long enough to trust this is probably a trend and not a fluke. Lake Orion average sales price is up 10% from last year and last year was up 5% from the year before.

The data is similar in the surrounding North Oakland and Lapeer areas. The average sales price in Lapeer County is up 8%. The average sales price in Oxford, MI is up 5%. I searched a larger area of North Oakland CountyOrion, Oxford, Clarkston and Brandon school districts and the average sales price is up 6% from last year and up 10% from 2010. I have more data if you would like to see it. But you get the idea. Prices are going up.

Interest rates are low. I don’t know that they can go any lower, nor do I know how long they will stay this low.

If you’ve been looking for a home in Oakland County MI or Lapeer MI for quite a while and you’re not finding what you want, you may need to change your criteria. With prices on the rise, what is selling for $80K now will be going for $85K or $90K next spring. That’s an example. Prices are increasing in all price ranges. Lakefront prices are especially escalating.

So assuming prices continue to increase, you will have less to pick from for the same price months into the future. And if interest rates go up at all, you will be looking in a lower price range, too.

Search the MLS

What to Expect From Your Oakland County Buyer’s Agent

Financing Your Oakland County Home Purchase

Buying an Oakland County Foreclosure or Short Sale

Jackie Hawley, Realtor
ReMax Encore, Clarkston MI
Cell: 248-736-6407
Jackie@JackieHawley.com

www.MiRelocation.com

www.MacedayLake.com

www.OaklandCountyMichiganLakes.com

www.LakeOaklandHomes.com

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Clarkston MI Real Estate– Clarkston Home Sales Are Up

Clarkston MI home sales are up 21%. Themedian Clarkston home sales price is also up 5%. There has been $16,259,850 more in residential real estate sales so far in 2012 versus the same time frame in 2011 (the first 3 quarters). Listing inventory (Clarkston homes for sale) is very low.

On Oct. 24, 2012 there were only 133 homes for sale in Clarkston MI. With an average of 44 sales per month that is about a 3 month supply of active listings.

Distressed home sales (short sales and foreclosures) are down in Clarkston with distressed sales making up 38% of the total sales. In 2011 distressed sales made up 50% of the total home sales in Clarkston, MI.

Total Sales Clarkston MI (units):

2012: 398
2011: 316

Distressed Sales (units) Clarkston MI:

2012: 150
2011: 158

Average Sales Price Clarkston MI:

2012: $197,215
2011: $196,936

Median Sales Price Clarkston MI:

2012: $167,500
2011: $158,500

Sales Volume Clarkston MI Home Sales:

2012: $78,491,560
2011: $62,231,710

The decline in distressed home sales contributes to the increase in overall home prices. And this is a catch 22 in a good way- the more Clarkston home prices go up, the less under water houses there are, so less distressed home sales. As Martha Stewart would say: This is a good thing for the Clarkston MI home owner. Or potential Clarkston MI home buyer.

Search the MLS

What to Expect From a Buyer’s Agent

Financing and the Importance of a Pre-Approval

The Home Inspection

Clarkston MI Homes for Sale

Clarkston Lakefront Homes

Jackie Hawley, Realtor
ReMax Encore, Clarkston MI

Jackie@JackieHawley.com

Cell: (248)736-6407

www.MiRelocation.com

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